SPOKANE, Wash.–Numerica Credit Union has announced a new scholarship program with a twist: the credit union is offering two $2,500 scholarships for those who are battling student loan debt after their completion of an associates, bachelor’s, or master’s degree.
“The burden of student loan debt is a common challenge amongst our members – often impacting their financial wellbeing or ability to take meaningful steps in life like purchasing a home or saving for retirement,” said Kim Pearman-Gillman, senior vice president of corporate and community relations at Numerica, in a statement. “We are committed to addressing this impact through financial counseling as well as this new and relevant scholarship.”
To qualify for the student loan repayment scholarship, an applicant must:
- Be a Numerica member in good standing
- Have completed their degree
- Not have received one of Numerica’s previous scholarships
- Have a federal student loan
- Not have a Parent Plus loan
Applications for the loan repayment are due by November 30.
To date, Numerica said it has awarded more than $85,000 in student scholarships, but this is the first year it has offered an award to those who have already completed a degree.