We are extremely excited to offer Scholarships.
College Debt Services (CDS) will support colleges and universities First Generation college students each year with our annual scholarships program.
Getting into college is a goal throughout our society, beyond the pure value of getting an education, studies show that earning a degree correlates with better career prospects and higher income.
A 2010 study by UCLA found that 1 in 6 college students in the U.S. are first-generation students, defined as those whose parents did not receive education beyond a high school diploma. And yet the same study found that first-generation students face unique challenges in adjusting to college and graduating with a degree.
Extending access to education is a national goal. That’s why we are offering up to $210,000 in First Generation scholarships through colleges and universities for their students.
HOW IT WORKS
By enabling CDS to facilitate documentation for the 10 year Loan Forgiveness program, schools will become eligible to receive 4 year scholarships!!!
Alumni association members, graduates and those in default with over $10,000 in federal direct student loans qualify for our FREE services.
Scholarships amounts are contingent on how many student loan borrowers we help become industry eligible for the 10-year loan forgiveness.
Scholarships: Level A
Enroll 15 graduates $1,000 Scholarship
Enroll 25 graduates $1,500 Scholarship
Enroll 40 graduates $2,500 Scholarship
Enroll 85 graduates $5,000 Scholarship
Enroll 175 graduates $10,000 Scholarship
Enroll 350 graduates $20,000 Scholarship
Enroll 500 graduates $30,000 Scholarship
Scholarships: Level B
Enroll 675 graduates $40,000 Scholarship
Enroll 850 graduates $50,000 Scholarship
Enroll 1,000 graduates $60,000 Scholarship
Enroll 1,500 graduates $90,000 Scholarship
Enroll 2,000 graduates $120,000 Scholarship
Enroll 2,500 graduates $150,000 Scholarship
Enroll 3,500 graduates $210,000 Scholarship
Colleges must have accreditation in the United States
Colleges must graduate a minimum of 200 students per year.
Colleges must have at least 500 active alumni association members nationwide.
1. Why is College Debt Services offering this scholarship program?
Young men and women laboring under student debt they are postponing marriage, having children, home purchases, and pretty evidently limiting the percentage of young people who start a business or try to do something entrepreneurial.
To help incoming freshman with the cost of school tuition. In addition in hopes that the funds are being used for other educational expenses as specified, such as on campus housing, a computer, and textbooks.
CDS is confident by offering this scholarship we can help Federal student loan borrowers and colleges:
Increase participation in the public service
Increase alumni participation
Increase default prevention
Decrease cohort default rate
Decrease default management
2. Is there a deadline for colleges and universities to apply
No. There isn't a deadline to apply.
3. Does CDS services cost the colleges or graduates money?
No. All of CDS services are free.
4. Is there a limit to how many graduates can enroll?
No. There isn't a limit, we encourage colleges and universities to help us enroll as many graduates as possible and we will the scholarship amount accordingly.
5. When are the scholarship disbursements?
Scholarships will be dispersed 12 months after the 1st Alumni member or graduate has enrolled in the 10 year Loans Forgiveness program, thought College Debt Services.