Scholarship opportunity available for current or rising college adult/youth students

Winston-Salem, NC (January 16, 2014) – In keeping with its mission to help individuals achieve financial wellness through all stages of life, The Center for Smart Financial Choices (CFSFC) announced its first scholarship opportunities for current or rising youth and adult college students that include a financial education component. A total of $5,500 is available through a one-time anonymous donation.

The scholarships offered include:

  • $1,500 for any youth (17-21) planning on or attending a two-year community college in 2014-2015
  • $1,500 scholarship for any adult (22-75) looking to further their education by attending college in 2014-2015
  • $2,500 scholarship for any Hispanic/Latino youth (17-21) planning on or attending college in 2014-2015

To be eligible for consideration of any of these scholarship opportunities, applicants are required to become a member of the Center for Smart Financial Choices and be enrolled or accepted as a full-time student in an accredited college or university. Applicants are also required to attend two financial education classes before April 15, 2014.

“Everyone who applies and goes through the program comes out with the knowledge of how to make good financial choices as they enter college or complete their degrees,” said Betty Ann Falkner, interim director and education program manager, Center for Smart Financial Choices. “We want them to start out on the right foot, get out and stay out of debt before and after college and always know that the Center is here as a resource all along the way.”

Scholarship applicants will be evaluated by the Center’s selection committee based on demonstrated academic ability with a minimum unweighted GPA of 3.0 and demonstrated writing ability. Youth applicants must submit a 500 word essay titled ‘How I plan to go to college without creating unnecessary debt’ and adults’ essay focuses on ‘What going to college will mean for my future.’

Deadline for the scholarship application, along with membership fee of $15 to the Center, is Friday, February 7. Supplemental information (essay, transcripts, acceptance letter) is due by April 15, 2014.

For more information about the scholarship, log onto the Center’s website at and for the complete application, students may go to

Allegacy Federal Credit Union opened the CFSFC, a non-profit organization to assist consumers with the skills necessary to more effectively manage their money, credit, debt and financial planning, in 2012 at its headquarters located at 1691 Westbrook Plaza Drive, Winston-Salem.

“It gives us great pleasure to help folks establish healthy financial habits wherever they are in life, young, old or just starting out with their first job,” said Falkner. “With this information, the chances are greater that these new financial habits become second nature throughout life.”

About Center for Smart Financial Choices
The Center for Smart Financial Choices provides financial education to help people make healthy choices in dealing with money. A holistic viewpoint is encouraged through the Center’s hands-on approach which incorporates the individual’s strengths, knowledge, values and goals. This education covers every aspect of a person’s life cycle beginning with young ones who learn the value of saving money by paying themselves first to a senior citizen navigating on a reduced income. The Center partners with community agencies, schools and other non-profits to provide this education at convenient locations on or off-site.



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