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News

CFMV Urges Thorough Search for Scholarships

Valley Education Funds Help Address Rising Costs for Tuition, Room & Board

TMHF Scholarship GroupAs the cost of higher education continues to increase, the Community Foundation of the Mahoning Valley is encouraging students and parents to explore as many scholarship opportunities as they can – including the more than a dozen available through funds at the Community Foundation.

“The College Board reports that the average fee for tuition, room and board for a public institution is almost $19,000 for the current school year,” said Community Foundation President Shari Harrell. “Meanwhile, the average fee for tuition, room and board at a private institution is well over $42,000 this year. For any family, that is a lot of money.”

More than a dozen scholarship opportunities can be explored at the Scholarships link on the foundation’s website, www.cfmv.org. Most deadlines are in April. The requirements vary, as do award amounts, which often depend on the number and quality of applications submitted.

Among those offering scholarships through the Community Foundation are the Trumbull Memorial Health Foundation, the Athena Scholarship Fund and others.

“Students and parents are very fortunate that here in the Valley we have generous benefactors who have set up education funds for local residents,” Harrell said. “None of these offer full scholarships, but all of them provide some level of assistance. They are all worth exploring.”

The Community Foundation of the Mahoning Valley enhances the quality of life for residents and future generations of the Mahoning Valley by managing donor assets, distributing grants and advancing philanthropy and good works. The foundation and its affiliates hold more than $56 million in assets and distributed more than $1 million in grants during the fiscal year ended June 30, 2014. The CFMV is the only local foundation with certification from the Community Foundation National Standards Board. More information is available at the foundation’s website, www.cfmv.org.

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Photo caption: The Trumbull Memorial Health Foundation awarded $30,000 in scholarships last year. This photo from a 2014 banquet includes Peg Krozier (far left) and Dave Kostolansky (far right) from the health foundation and eight local students who received scholarships.