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Stamford Dollars for Scholars
Participates in the Financial Reality Fair
Board members from left: Barbara Drotman, Deb Golden, Cathy Drenckhahn
Credit unions in Connecticut have decided to assist in providing our youth with tools to correct this literacy trend. Over the next year, each of our six Chapters, through the Connecticut Credit Union Solutions Foundation and REAL Solutions, is working to provide a Financial Reality Fair to Connecticut high school students.
The Financial Reality Fair is the culmination of classroom training related to financial literacy. The Fair provides an opportunity to work with a paycheck and learn how to budget to provide for the future. Students will identify the job they intend to have after school, and assist in identifying a beginning wage range. Fair volunteers will create a net pay after taxes, and provide a budget worksheet to instruct students on what monthly expenses they will face. The students will have to make decisions on living arrangements, food, transportation, utilities, clothing, luxury items, etc. They will be provided with credit scores which will be used to assist in approving or denying loans. At the end of the session they will sit with a financial counselor and review their financial profile.
Scholarship America Announces Commitment to Expand College Access at White House Event
In light of President Obama's 2020 goal to increase the number of Americans with college degrees and the First Lady's Reach Higher Initiative, the White House held a summit on December 4, 2014, to announce college, university, and organization "commitments" to produce an additional number of college graduates over the next decade, particularly for low-income and under-represented students. Scholarship America has joined this national effort, as detailed in this document, with new commitments to increasing student access, success and completion over the next decade.
Specifically, Scholarship America commits to focus on serving low-to-moderate income students and communities of greatest need. As part of this new strategic focus, Scholarship America will add 110 community-based scholarship chapters across the nation by 2020. These chapters will be primarily located in high-need communities including states with limited need-based financial aid programs; metropolitan areas with high poverty rates; poverty-stricken rural and suburban towns near community colleges and regional universities; and where partnerships are ripe with others committed to serving students from K-12 through college completion. In addition, Scholarship America commits to increasing the number of colleges with which we partner to support low-to-moderate income students and to showcase these college partners as examples for others.
By continuing to leverage private dollars and a diverse set of stakeholders, including community volunteers, civic leaders, private donors, corporations, community foundations, and postsecondary institutions, Scholarship America will serve as a catalyst for postsecondary success. (more)
WGCH Radio Interview
Tony Savino of WGCH interviews Gary Freeman, Stamford Dollars for Scholars Tee It Up for Scholars Golf Event Chairman and recently installed President of Stamford Dollars for Scholars, to learn more about the September 22nd golf and dinner annual scholarship fundraiser ...Hear what he had to say
New Affiliate of the Year
Stamford Dollars for Scholars® is pleased to announce that it has been selected as the H. Stuart & Marlys C. Johnson National New Affiliate of the Year by Scholarship America®.
The National New Affiliate of the Year Award honors and recognizes Dollars for Scholars affiliates that have been delivering outstanding service to their community for fewer than five years and that exemplify the commitment of Dollars for Scholars, a program of Scholarship America®, to making post secondary success possible for all students.
Stamford Dollars for Scholars continues to build awareness with organizations and individuals in the Stamford community who are demonstrating their commitment to post-secondary education by sponsoring scholarships. In just two years since inception, Stamford Dollars for Scholars has awarded scholarships to 32 Stamford graduates valued at up to $160,000.
from left to right: Lauren Segal, President and CEO of Scholarship America, Tony D'Amelio, Co-President of
Stamford Dollars for Scholars, and Mike Ryan, Chair of Scholarship America's Board of Trustees
"The Stamford Dollars for Scholars organization goes above and beyond to serve the community and its students," said Lauren Segal, President & CEO, Scholarship America. "On behalf of Scholarship America®, I would like to personally thank everyone associated with Stamford Dollars for Scholars and ask that they keep up the fantastic work that truly changes the lives of students and inspires a community."
As the National New Affiliate of the Year, Stamford Dollars for Scholars received a $3,000 award for its scholarship program. In addition, Stamford Dollars for Scholars Co-President, Tony D'Amelio was honored at Scholarship America's annual recognition dinner on October 24th in Minneapolis.
Stamford Dollars for Scholars Co-Presidents Tony D'Amelio and Jim McClafferty praise volunteers and the Stamford community for their generosity and hard work. "It is almost unheard of for an organization like ours to go from a $0 bank balance to awarding scholarships of this magnitude in just two years. The fact that we were able to do this confirms that this community recognizes the need and is willing to step up and help make a difference. We are delighted to have provided awards to 32 deserving Stamford graduates. We hope our efforts to continue to raise awareness and increase participation by the community and local businesses to provide even more scholarships to students in 2014 and beyond."
Stamford Dollars for Scholars received a big shot in the promotional arm on Monday, October 28th when Katie Couric interviewed Dr. Irving Fradkin, the founder of Dollars for Scholars more than 50 years ago. At 93, Dr. Fradkin is still going strong and advocating that communities get behind their young people to help make post-high school education more affordable.
Dollars for Scholars operates under the umbrella of Scholarship America. Katie lets the audience know that she's been a strong supporter of the organization -she donated all profits from her latest book, The Best Advice I Ever Got, to Scholarship America.
As a surprise to Dr. Fradkin, Katie arranged for nearly 20 scholarship recipients to march on stage at the conclusion of the segment. Doug Mello, a Stamford Dollars for Scholars supporter, was among those surprising Dr. Fradkin. Mello, former president of Verizon, grew up in Fall River, MA and was one of the first recipients of a Dollars for Scholars scholarship in 1961. It was a special moment.
Scholarship America and Dollars for Scholars is honored to have the endorsement and financial support from such a remarkable and well-known professional as Katie Couric. We hope this national recognition will inspire individuals and businesses in Stamford to sponsor scholarships and make a donation.
L-R - Tony D'Amelio seen back stage with Dollars for Scholars founder,
Dr. Irving Fradkin, 2013 National Student Volunteer of the Year Hannah Truong and Doug Mello.
Kristina Ellis, author of "Confessions of a Scholarship Winner," shares the tips that helped her get $500,000 in scholarships.
Listen as Jim McClafferty and Matt Terzian
are interviewed on WGCH
Tony Savino of WGCH (1490) radio in Greenwich, Connecticut interviews Jim McClafferty, Co-President of Stamford Dollars for Scholars, and Matt Terzian, graduate of Trinity Catholic High School in Stamford and recipient of the Seaboard Properties Arts Management and Administration Scholarship. Click here to listen.
A Video Celebration - Awards Ceremony Intro
Watch the video introduction that was featured at our 2013 Awads Ceremony program. Created by SD4S volunteer Ana Gallegos, it celebrates Stamford Dollars for Scholars second-year activities and includes great images of Stamford's six high schools, our golf fundraiser in 2012 and our twenty 2013 scholarship award winners.
View the Awards Ceremony video from ItsRelevant.com, the voice of the community, delivering neighborhood news, money saving deals and High School Sports and Events from our Media Innovators.
New Website Provides Online Hub To Apply For Federal Financial Aid
The U.S. Department of Education launched the brand new StudentAid.Gov site in July 2012; this online hub provides information on all parts of the federal financial aid process including FAFSA questions, loans, work-study funding, military aid and more.