The Importance of Scholarships to Finance Your Education

As tuition costs continue to climb, scholarships are becoming more and more crucial to a majority of students pursuing a college degree. It is important to both parents and students to understand the benefits scholarships can provide to a college education. Simply researching a few different options and taking the time to fill them out could save you thousands of dollars over the course of your education.

Scholarships

Students and parents should think about their financial situation long before stepping foot on campus. Traditionally, parents have contributed the biggest piece of the financial aid pie. However, according to Dailyworth.com, parents are saving more than they have in the past, but it still isn’t enough. This is yet another reason why it is important to put solid time into applying and researching for scholarships; no matter how well they prepare, parents just can’t do it alone anymore.

The cost of college living is skyrocketing. Census data from 2015 showed that 18 to 34-year-olds are more likely to be living with their parents today than when the recession hit. When it comes to paying for college, there’s a lot more to consider than just tuition. Students need to take into account other living expenses, such as apartment costs, food, utilities, and any other bills they accumulate. The best way to cover some of these costs is to obtain scholarships.

Graduation

Whether you are a student searching for a scholarship or a parent looking to invest in your child’s future, Topline is a great place to get started. The TopLine Credit Union Foundation is a program that reaches out to the community by awarding scholarships and providing financial education and counseling to members of all ages.

The TopLine Credit Union Foundation will be awarding $10,000 in scholarship money to members who are continuing their education. The scholarship awards include four $1,000 scholarships and twelve $500 scholarships.

We are pleased to announce that the Foundation is now also a part of the AmazonSmile Charitable Partner Program! This means you can now support the TopLine Credit Union Foundation by simply shopping online! The AmazonSmile Foundation will donate 0.5% of the price of eligible purchases to our foundation.

 

For more information on scholarships or financial education, visit TopLine’s website, email us at Foundation@TopLinecu.com, or call 763-391-9494. We are always happy to help you or your student pursue their dreams.

 

Financial Education Seminars Presented by TopLine Federal Credit Union

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TopLine Federal Credit Union takes pride in giving back to the public by holding financial education seminars throughout the year.

People often have questions about money and areas that they can use a little help. Whether you’re curious about saving for college or planning to buy a home, you can’t help but be a little stressed.

If you need some assistance, maybe one of our seminars can help! Each seminar is held at our Maple Grove branch at 9353 Jefferson Highway. All the seminars are free, but reservations are required. To reserve your spot, please call us at 763-391-9494, send an email to RSVP@toplinecu.com or click the ticket tab above to learn more about the seminar at Toplinecu.com/seminars.

Be sure to include names of all attendees in your email response. Please feel free to extend our invitation to others you know who may have interest. Family members and friends are all welcome to attend. Here is a look at our seminars throughout the year:

Teen Driver Seminar (March 15 & September 20)
Is your teen ready to get behind the wheel? Are you ready for your teen to get behind the wheel? This seminar covers tips both you and your teen should know for safe driving and insurance coverage.

Join the TopLine Insurance Agency for a seminar to learn how to insure your teen driver, how adding a teen driver will affect rates, which discounts are available, top safety picks for cars and insurance rates, and safe driving tips to being ready for the unexpected. Plus, we’ll walk through a live auto insurance quote, and you’ll walk away with your free Parent-Teen Contract.

Improve Your Credit Score (March 22)
Learn how to obtain, understand and improve your credit and credit score. In this workshop, you will learn:

  • How to get and read your credit report
  • How your credit score is calculated
  • How to increase your score
  • How to correct errors
  • How to improve negative credit and build good credit
  • Your FCRA rights

Money Lessons from the Movies (April 19)
Americans of all ages love movies and there are valuable lessons about money that can be learned in fun, memorable ways.

This workshop teaches timeless principles of financial decision-making using film clips and group discussions looking at money situations from classic Hollywood, Disney, horror and children’s movies.

First-Time Home Buyer’s Seminar (April 21, May 19, June 23)
Attendees will hear from a TopLine mortgage advisor with insights and individual advice on home buying, including market specifics and inventory, how and what to buy, available home loans that are best for individual needs, what you can expect during the loan process and possible tax qualifications.

Free Youth Financial Literacy Seminars (April 23, October 13)

  • Building Dreams (ages 5-8) 9 AM: Explore the concepts of spending, saving and sharing. Kids will share in a story about saving entitled “Just Saving My Money.” Other activities include age-appropriate discussions and worksheets.
  • Dollar Power (ages 9-13) 10:15 AM: Explore the concepts of needs versus wants, planning and goal setting, saving and paying yourself first, spending wisely and gift cards.
  • Dollars & Sense (ages 14-18) 11:30 AM: Explore the concepts of needs versus wants, planning and goal setting, saving and paying yourself first, sound money management using checking accounts and debit cards, gift cards and using credit wisely.

Lively, thought-provoking questions and real-life examples will get everyone thinking about the importance of balancing needs versus wants and how planning and saving today can really pay off down the road.

Keeping the Cabin in the Family (May 4, September 14)
Concerned with what may happen to the family cabin as it is passed on to the next generation? Learn the importance of estate planning in this seminar.

Road Map for a Happy Retirement (September 27)
Part of success in retirement is the economic security of having retirement savings. Join LSS Financial Counseling and TopLine for a workshop to learn tips to help you with big financial decisions and avoid common mistakes, planning ahead, and holistically, for your time and happiness in this next chapter of life.

Defend Yourself Against Identity Theft (October 18)
Learn about the ways identity theft can happen to adults – or even children. Find simple, effective steps to prevent identity theft, gain confidence in online safety and financial interactions and know the resources to turn to if identity theft happens to you.

Five Consumer Protection Laws You’ll Love to Use (November 8)
Personal finance can be intimidating, but these laws make insurance, banks, mortgage lenders, debt collectors and credit bureaus play fair.

Join LSS Financial Counseling and TopLine for a workshop to learn five consumer protection laws you’ll love to use.