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College is expensive. Tropical Financial can help

College tuition is spiraling higher. It climbed 124% in the first two decades of this century at a private , four-year institution, according to the Education Data Initiative at EducationData.org. Over the same time period, the increase was greater at public institutions, up 179% to $9,349 in 2020 from $3,349 in 2000.

That’s why it’s more important than ever not just to save for college, but to seek scholarships. They can lessen the financial pain of paying not just tuition, but fees, books, and living expenses.

Tropical Financial is doing its part to help. Between now and a deadline of March 31, the credit union is accepting applications for its annual scholarship program. Three students who are members will receive a total of $10,000: one grand prize of $5,000 and two $2,500 awards.

The scholarships are open to high school seniors preparing for college and to adult students already enrolled or planning to enroll in college or a master’s degree program.

To qualify, applicants must:

  • Be a credit union member or apply for membership before April 1
  • Have a minimum cumulative grade point average of 2.5
  • Submit an essay summarizing educational goals and how Tropical Financial has helped them financially

TFCU financial help guide

The awards committee will consider other factors such as community involvement, charity work and extracurricular activities.

This year, applications will be accepted only digitally. So, start now on the essay and application form. To learn more about the three scholarships and how to join Tropical Financial, visit https://www.tropicalfcu.com/scholarship.

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