For DonorsFor Applicants

Firstcard-Scholarship for Students

Funded by
$500
1 winner$500
Awarded
Application Deadline
Jan 4, 2023
Winners Announced
Jan 28, 2023
Education Level

In today’s society, many young people are never taught financial literacy and struggle to manage their money as a result.

Making smart financial decisions in college is critical as students can be vulnerable to accepting bad loans, spending recklessly, and neglecting to plan for the future.This scholarship encourages students to get educated about managing their finances and savings so they can set themselves up for success.

Firstcard is a financial technology company, not a bank. Banking services provided by Regent Bank, Member FDIC. The Firstcard Debit Card is issued by Regent Bank, pursuant to a license from Mastercard.

This scholarship aims to support students who are pursuing business or technology so they have the financial resources necessary to complete their degrees.

To apply, tell us what financial advice you’ve received that has changed your life.

Selection Criteria:
Ambition, Need, Boldest Bold.org Profile
Published October 25, 2022
Essay Topic

What financial advice have you been given that changed your life?

400–600 words

Winning Application

Shantal Jarez rojas
CUNY Borough of Manhattan Community CollegeQueens, NY
College for students is an academic , educational and professional. I’m a student in BMCC . As someone currently attending community college, I can tell you firsthand about many of its benefits. Not only is community college significantly cheaper than four-year institutions and often much closer to home, it’s also a great place to begin your education, if you’re someone like me who was unsure of a specific program of study to pursue right after graduating from high school. My major is Human Resources. People have always told me that taking loans is bad because you have high interest, and gain stress that will harm my credit and in high school they don’t teach us about credit, loans, taxes ,etc. I would like the education system to create these programs for our future and make the right decisions in our credit . The financial advice I’ll give creating a budget and sticking to it lets you control where your money goes instead of wondering where it went. A budget is a guide that helps you track and organize your cash. It provides for your personal financial goals, which may include paying bills, saving, giving to others, treating yourself, and much more. An emergency fund can save you from future crisis ,for example, losing your job, paying tuition , needing a car repair. This is important you never know and the least expecting you will need it . Having this financial safety net gives you peace of mind and helps protect you from having to incur debt. Scholarships are a source of help that doesn't require repayment.Scholarships may be awarded based on a range of factors, including academic achievement, inclusion and diversity, and financial necessity. The amount of a scholarship can also vary greatly. There is competition of gaining a scholarships but applying and preparing for an essay , they are also non required essays scholarships. Building your credit score guide you financially and how likely you are to repay a loan on time. It affects your ability to finance large purchases like a house or car, your eligibility to obtain lower interest rates, as well as your potential to receive housing and insurance discounts associated with a high credit score. There are credit scores range from 300 – 850 and the higher the score, the better your chances are of being approved for a loan and obtaining a favorable rate. Some of the factors that contribute to the calculation of your credit score include your bill history, the amount of debt, and the amount of credit you’re using. Helps you to be responsible and paying on time your bills. In conclusion , these financial decisions that you make during college will have a lifelong impact, which is why it’s important to know this and continue your education beyond high school should open new doors and provide you with new opportunities, not burden you with financial regrets. Wise financial decision making now can lead to a prosperous financial future and help give you the upper hand when it comes to financial success.

FAQ

When is the scholarship application deadline?

The application deadline is Jan 4, 2023. Winners will be announced on Jan 28, 2023.