IHMVCU To Award Scholarships

11:51 AM January 07, 2019

Submitted by Amy Orr


IHMVCU wants to help students reduce their student loan debt by offering a $10,000 scholarship to an undergraduate, graduate or vocational/technical school student who stands out in the class room and stands up in their community.


According to Student Loan Hero, Americans own more than $1.48 trillion in student loan debt. The average Class of 2017 college graduate has $39,400 in student loan debt, up six percent from 2016. Assuming another increase of six percent for 2018, we can expect that class’s average student to have nearly $42,000 in debt.


“Scholarships are a worthy investment,” says Brian Laufenberg, IHMVCU President & CEO. “When we invest in a student’s education, it’s more than just a benefit for the student. It’s a benefit for the individuals who’ll be helped by them. It’s a benefit for the organizations that hire them. It’s a benefit for the communities where they’ll live.”


Since 1999, IHMVCU has invested nearly $300,000 in scholarships for 256 students.


Additional awards include three $5,000 scholarships, one $1,000 scholarships and eight $500 scholarships totaling $30,000. Applications are due by 5 p.m. on Friday, March 1.


Full details can be found at IHMVCU.org/Scholarships.




IHMVCU is 125,000 members strong and has $1.2B in assets, making us the largest credit union in the Quad Cities region, and the fifth-largest credit union in Illinois. Our growth is a direct result of the trust our members place in us and the advantages we provide to them. For more information, visit IHMVCU.org.

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