HELPING STUDENTS PREPARE FOR LIFE AFTER HIGH SCHOOL TOGETHER WE CAN INFLUENCE CHANGE AND INSPIRE HOPE OF A BETTER TOMORROW
YOU CAN HELP NO CAPE, OR
GOGGLES SPECIAL UNIFORM IS NEEDED TO BE A SUPER HERO IT TAKES CARING ABOUT THE DREAMS OF THE KIDS IN YOUR COMMUNITY AND GIVING THEM A CHANCE
EDUCATION IS POWER
OUR GIFTS AND WORK TOGETHER ENABLE US TO ACHIEVE MORE THAN ANY ONE OF US COULD ALONE
CHANGE IS HARD BUT MICHIGAN IS TOUGH
LEAD THE CHANGE
Emily Wolford and Mariah Lamons Participants in Dollars for Scholars’ Academic Support Program
WHO WE ARE Since 1990, Detroit Regional Dollars for ScholarsÂŽ has been dedicated to helping local students prepare for life after high school. We are a locally-run, volunteer-driven organization of parents, students, educators, and business and community members that provides scholarships and academic support for students who want to achieve the dream of higher education.
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OUR MISSION Our mission is to encourage local students to pursue educational excellence by providing scholarships and academic support. We are committed to: offering students the tools necessary to reach their college and career goals
helping students prepare for life after high school
raising awareness of the need for scholarships within the community
increasing support from corporations, foundations and individuals within the community
Kayla Paynes-Bass and Daschelle Williams Participants in Dollars for Scholars’ Academic Support Program
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NATIONAL RECOGNITION Detroit Regional Dollars for Scholars is one of over 800 chapters operating under the umbrella of Scholarship America速, the largest privately funded scholarship organization in the world. Founded in 1958, Scholarship America has awarded $3.1 billion in scholarships and educational assistance to 2 million students. Last year (2012-13), Scholarship America distributed 102,000 awards to students totaling $202 million.
Lauren Segal, President and CEO of Scholarship America
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Katie Couric featured Scholarship America’s founder, Dr. Irving Fradkin, on Katie, her national daytime talk show.
KATIE COURIC Award-winning television journalist Katie Couric is a committed supporter of Scholarship America, donating the profits from her first book, The Best Advice I Ever Got, to its scholarship efforts. "Scholarship America changes lives every day by helping students afford a college education," Couric said. "Because my book offers inspirational advice from some amazing people on how to succeed in life, Scholarship America is the perfect partner organization for this project."
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2013 Scholarship Recipients Jasmine Jones University of Michigan
Christopher Smerek
Adrian Smith
Western Michigan University
Eastern Michigan University
Lindsay Schuller
Sabrina Seales
Grand Valley State University Saginaw Valley State University
Matthew Studer Albert Washington University of Alabama
University of Toledo
COLLEGE SCHOLARSHIPS Each year, high school seniors are awarded renewable scholarships to attend the college or university of their choice. Eligibility for our scholarship requires participation in our academic support program. Since our foundation, we have awarded over $250,000 in scholarships to nearly 500 students.
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Wallace Hall and Stephanie Becerra Participants in Dollars for Scholars’ Academic Support Program
ACADEMIC SUPPORT Scholarships alone are not enough. Detroit Regional Dollars for Scholars provides a robust academic support program that helps students of all walks of life and backgrounds address:
college, post-secondary and career options
college admission and the financial aid process
For nearly 25 years, University of Detroit Mercy has served a as collegiate partner, assisting us in facilitating various academic support activities.
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DOLLARS FOR SCHOLARS FINANCING HIGHER EDUCATION HOW STUDENTS PAY FOR COLLEGE
Student Borrowing
Parent Income and Savings Relatives and Friends
18%
30%
Grants and Scholarships
9% 4%
28%
11%
Student Income and Savings
Parent Borrowing SOURCE: Sallie Mae, www.salliemae.com/assets/Core/how-America-pays/howamericapays2013.pdf
STUDENT DEBT STUDENT LOAN DEBT IS A NATIONAL CRISIS
$862
$873
$1.2
Billion
Billion
TRILLION
SOURCE: Federal Reserve, www.federalreserve.gov/releases/g19/current/
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The cumulative student loan debt stood at $1.2 trillion in 2013, exceeding both total credit card debt and auto loan debt.
ADDRESSES CRITICAL ISSUES DEGREE ATTAINMENT TOO MANY STUDENTS ARE DROPPING OUT OF COLLEGE
31% of two-year college students complete their program in three years.
59% of public four-year college students complete within six years. SOURCE: U.S. Department of Education, www.nces.ed.gov/fastfacts/display.asp?id=40
JOB PROSPECTS JOB OUTLOOK AND WAGES ARE BRIGHT FOR COLLEGE GRADUATES UNEMPLOYMENT RATE IN 2012 (%) 2.5 2.1 3.5 4.5 6.2 7.7 8.3
MEDIAN WEEKLY EARNINGS IN 2012 ($) Doctoral Degree Professional Degree
1,735
Master’s Degree
1,300 1,066
Bachelor’s Degree Associate’s Degree
787
Some College No Degree
727
High School Diploma Less Than A High School Diploma
12.4
1,624
AVERAGE OF ALL WORKERS=6.8%
652 471
AVERAGE OF ALL WORKERS=$815
SOURCE: Bureau of Labor Statistics, www.bls.gov/emp/ep_chart_001.htm
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OUR GOALS Detroit Regional Dollars for Scholars is committed to helping more students prepare for life after high school. By 2025, Detroit Regional Dollars for Scholars will: ❶ Work in partnership with 25 high schools throughout Southeast Michigan. ❷ Engage 750 local students in academic support programming every year. ❸ Award $500,000 in renewable scholarships to local students every year.
TODAY Oakland
Washtenaw
2025 Macomb
Oakland
Wayne
Washtenaw
Monroe
Today, Dollars for Scholars offers scholarships and academic support to students in 7 communities throughout Southeast Michigan.
Macomb
Wayne
Monroe
By 2025, Dollars for Scholars will offer scholarships and academic support to students in 25 communities throughout Southeast Michigan.
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GIVING OPPORTUNITIES SCHOOL DRIVES
Just $1 from every parent, educator and community member together can make a big difference to a student with dreams of higher education.
FINANCIAL PARTNERSHIP
Financial Partners are individuals, foundations and corporations who have exemplified exceptional dedication to helping further the mission of Detroit Regional Dollars for Scholars by committing an annual financial pledge.
ENDOWMENT Detroit Regional Dollars for Scholars maintains a Scholarship Endowment Fund to ensure the continued support for college scholarships.
PLANNED GIVING One of the best ways to create a brighter future for younger generations is by giving hard-working students the opportunity to achieve their dreams of higher education. By leaving a bequest to Detroit Regional Dollars for Scholars, your planned gift will help local students realize their goals for years to come.
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THANK YOU FOR CREATING
OPPORTUNITIES AND
INSPIRING
HOPE FOR A
BETTER TOMORROW
100 Renaissance Center P.O. Box 43105 Detroit, MI 48243 734.455.2849 detroitregional.dollarsforscholars.org
Detroit Regional Dollars for Scholars is a 501 (c)(3) charitable organization. Š Detroit Regional Dollars for Scholars. All Rights Reserved.