Gain help with college fees: Scholarships to help families gain ground
March 1st Gain Federal Credit Union opens its submission window for the Gaining Ground scholarship. Intended to lend a helping hand and offset education costs for several families, Gain will award many winners amounts up to $2,000. In total, Gain will pay out $14,000 in scholarships. The scholarships are divided into application categories:
- Advantage independent graduates
- Burbank Unified School District
- Providence High School
- And scholarships are awarded by nonprofit partners, Burbank Housing Corporation (www.burbankhousingcorp.org) and DIY Girls (www.diygirls.org).
Gain has been the leading provider of financial literacy for teens with its Independent Advantage program. The best banking class for teens existed long before financial literacy was even a trendy search term. Independent Advantage has been taught to students in Burbank since 1996. Independent Advantage teaches teens and young adults about the different types of accounts at financial institutions, how to budget and set achievable goals, use credit responsibly, and lessons in how to real money. The course is free and even gives every teenager a chance to walk away with money at the end of the course. The program had to change and adapt along the way from Y2K to COVID-19. While delivering on its promise to teens to make financial literacy a priority in the community.
Gain Federal Credit Union was established on June 17and, 1940, as Burbank City Employees Federal Credit Union. It was made up of local city employees who banded together by pooling their money to create their own special savings and loan organization. Today, Gain serves more than 20,000 members in the Burbank, San Fernando Valley and surrounding territories.
You can find more information about Independent Advantage at IndependentAdvantage.org. Also, information and application materials for the Gaining Ground scholarship can be found at GainFCU.com/Scholarship.