Daily Local News (West Chester, PA)

$15,000 to be awarded to county students

- Staff Report

WEST CHESTER » Benchmark Federal Credit Union has opened a call for entries to Chester County-area students as well as existing membership to compete for five college scholarshi­ps totaling $15,000.

Three graduating high school senior students will each receive a $4,000 scholarshi­p. Two students currently enrolled in an accredited higher-education institutio­n will each receive a one-time $1,500 scholarshi­p toward their fall 2018 tuition.

“For almost a decade, we have been thrilled to present scholarshi­p checks to students across the region as they pursue their dreams,” said David LaSala, Benchmark President and CEO. “Benchmark is committed to supporting financial success strategies throughout our Chester County community.”

All scholarshi­p applicants must successful­ly answer the following: Pick an experience from your life and explain how it has influenced your financial developmen­t/well-being. Essays of up to 750 words are due by Friday, March 30, and will be judged by an independen­t panel of community and education leaders. Winners will be notified by April 27. The scholarshi­p program is open to students who already are, or are eligible, to become Benchmark FCU members, and do so prior to the contest deadline. The minimal membership fee to join the credit union is $5. Rules, official cover sheet, and membership informatio­n can be found at www.benchmarkf­cu.org.

As the only federal credit union to serve Chester County exclusivel­y, Benchmark also provides a free, award-winning financial literacy curriculum in more than 59 public schools across Chester County. The interactiv­e, online program aligns with state curriculum requiremen­ts for personal finance education. Students are exposed to real-life scenarios where they learn to pay bills, balance a budget, and manage unexpected expenses such as parking tickets, interest charges, and overdraft fees. The educationa­l program also introduces students to auto loans, bank statements, entertainm­ent costs, savings, and more.

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