Student Loan Hero is excited to once again award six scholarships to dedicated college students for the fall 2018 semester.
After carefully reviewing hundreds of applicants, our financial experts selected six recipients. Two students took home the main prize of $5,000 each, while four students won the runner-up prize of $2,000. A total of $18,000 was awarded.
All the recipients wowed us in different ways — by overcoming adversity, working hard toward goals, or showing great passion about their chosen fields. Check out this Student Loan Hero scholarship winner’s inspiring story.
Lissette Lomeli, Parsons School of Design
Runner-up prize: $2,000
Graduating high school senior Lissette Lomeli will be attending her dream art school, Parsons School of Design, in fall 2018, a goal she said she has had since she was 8.
“My parents came to the United States from Mexico in order to start a family and provide their children with the best opportunities possible,” she said. This dream would not be easy to accomplish. Though her parents worked tirelessly, Lomeli saw the difficulty they had in finding and keeping jobs.
“It showed me that I had to do something that would make all of the fear of deportation and the difficulty in finding a job worth it,” she said. “To me, that has always been to attend college and become an artist.”
Throughout high school, Lomeli balanced her studies with looking after her younger siblings because her parents could not afford child care. She said she made it through with the support of her parents.
“I want to take the worry off them … as I apply to scholarships because I know that we live paycheck to paycheck and we cannot afford the cost of this school,” she said. “They have never failed to support me, and now I want to support them by reassuring them that they have nothing to be worried about.”
Get ready for our spring 2019 scholarship contest
Congratulations to the winners of our fall 2018 scholarship contest! We wish them great success in their education and future careers.
If you’re a current college student or will be one soon, we invite you to apply to our spring 2019 Student Loan Hero $5K Scholarship contest. The application will be open from Aug. 13 to Oct. 15, and the recipients will be announced Nov. 16. We’re so excited to hear your stories and support your educational pursuits.
Check out the other five recipients of our fall 2018 scholarship:
- Renita Newton: $5,000
- LaTashia Reed: $5,000
- Anastasiia Caviston: $2,000
- Rachel Goldstein: $2,000
- Samiira Husein: $2,000
Want to start applying to scholarships today? Check out this useful guide to finding scholarships and learn about other awards for which you might qualify.
Need a student loan?Here are our top student loan lenders of 2019!
|1 Important Disclosures for Ascent.
Before taking out private student loans, you should explore and compare all financial aid alternatives, including grants, scholarships, and federal student loans and consider your future monthly payments and income. Applying with a cosigner may improve your chance of getting approved and could help you qualify for a lower interest rate. Ascent Student Loans may be funded by Richland State Bank (RSB). Ascent Student Loan products are subject to credit qualification, completion of a loan application, verification of application information and certification of loan amount by a participating school. Loan products may not be available in certain jurisdictions, and certain restrictions, limitations; and terms and conditions may apply. Ascent is a federally registered trademark of Turnstile Capital Management (TCM) and may be used by RSB under limited license. Richland State Bank is a federally registered service mark of Richland State Bank.
* Application times vary depending on the applicants ability to supply the necessary information for submission.
2 Important Disclosures for College Ave.
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
Information advertised valid as of 4/1/2019. Variable interest rates may increase after consummation.
3 Important Disclosures for Discover.
* The Sallie Mae partner referenced is not the creditor for these loans and is compensated by Sallie Mae for the referral of Smart Option Student Loan customers.
4 = Sallie Mae Disclaimer: Click here for important information. Terms, conditions and limitations apply.
5 Important Disclosures for SunTrust.
Before applying for a private student loan, SunTrust recommends comparing all financial aid alternatives including grants, scholarships, and both federal and private student loans. To view and compare the available features of SunTrust private student loans, visit https://www.suntrust.com/loans/student-loans/private.
Certain restrictions and limitations may apply. SunTrust Bank reserves the right to change or discontinue this loan program without notice. Availability of all loan programs is subject to approval under the SunTrust credit policy and other criteria and may not be available in certain jurisdictions.
SunTrust Bank, Member FDIC. ©2019 SunTrust Banks, Inc. SUNTRUST, the SunTrust logo and Custom Choice Loan are trademarks of SunTrust Banks, Inc. All rights reserved.
6 Important Disclosures for LendKey.
Additional terms and conditions apply. For more details see LendKey
7 Important Disclosures for CommonBond.
A government loan is made according to rules set by the U.S. Department of Education. Government loans have fixed interest rates, meaning that the interest rate on a government loan will never go up or down.
Government loans also permit borrowers in financial trouble to use certain options, such as income-based repayment, which may help some borrowers. Depending on the type of loan that you have, the government may discharge your loan if you die or become permanently disabled.
Depending on what type of government loan that you have, you may be eligible for loan forgiveness in exchange for performing certain types of public service. If you are an active-duty service member and you obtained your government loan before you were called to active duty, you are entitled to interest rate and repayment benefits for your loan.
A private student loan is not a government loan and is not regulated by the Department of Education. A private student loan is instead regulated like other consumer loans under both state and federal law and by the terms of the promissory note with your lender.
If your private student loan has a fixed interest rate, then that rate will never go up or down. If your private student loan has a variable interest rate, then that rate will vary depending on an index rate disclosed in your application. If the interest rate on the new private student loan is less than the interest rate on your government loans, your payments will be less if you refinance.
If you don’t pay a private student loan as agreed, the lender can refer your loan to a collection agency or sue you for the unpaid amount.
Remember also that like government loans, most private loans cannot be discharged if you file bankruptcy unless you can demonstrate that repayment of the loan would cause you an undue hardship. In most bankruptcy courts, proving undue hardship is very difficult for most borrowers.
8 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|4.24% – 13.24%1||Undergraduate and Graduate|
|4.07% – 11.32%2||Undergraduate, Graduate, and Parents|
|4.84% – 13.49%3||Undergraduate and Graduate|
|4.50% – 11.35%*,4||Undergraduate and Graduate|
|4.25% – 13.25%5||Undergraduate and Graduate|
|6.08% – 7.22%6||Undergraduate and Graduate|
|3.95% – 9.81%7||Undergraduate, Graduate, and Parents|
|4.45% – 12.42%8||Undergraduate, Graduate, and Parents|