October 07, 2009 23:54 ET

Higher Education Costs Mean More Need for Scholarships

AUSTIN, TX--(Marketwire - October 7, 2009) - University of Mississippi sophomore Robin Walker knows the high cost of education means costly future debt and potential time away from school to work during the semester. That is why Robin is greatly appreciative of her recent APRO Scholarship awarded to her by the national trade association for the rent to own industry. Walker plans to use the $2000 scholarship to help pay for her Journalism degree and to keep the spare time she serves as her sorority's philanthropy chair working with Habitat for Humanity and Children's Miracle Network, to name just a few.

"It's such a blessing and I just want to thank all of those in the rent to own industry. It will help me tremendously and I hope the rent to own industry can help hundreds of other students as rent to own has helped me," states Walker.

The Association of Progressive Rental Organizations spent the past seven years building a permanent trust fund to award educational scholarships to deserving students who show a commitment to their community and academic excellence. Robin Walker is the daughter of "Bo" Walker who works for RTO Rentals in Paris, TN that rents to own storage buildings throughout the Southeast and Midwestern states.

In a recent speech, President Barack Obama addressed "the rising cost of tuition and fees that make college inaccessible for millions of young Americans, while others graduate with tens of thousands of dollars in debt." The rent to own industry is one of the many industries helping to address the educational funding crises through rent to own programs, such as providing scholarships.

"The rent to own industry's commitment to education and scholarship funds is a testament to the industry's growth and establishment as a vital industry and contributor to the economy," proclaims APRO President "Tiger" John Cleek from Columbia, Missouri who is a strong supporter of the University of Missouri. "The rent to own industry is here to help our future with the most powerful contribution to our children through education scholarships."

The Association of Progressive Rental Organizations (APRO) has spent more than 25 years helping improve the rent to own industry to become one of the most vibrant consumer industries in America. For more information on what is rent to own, visit www.rtohq.org.

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