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.
Renita Newton, Texas A&M University-Corpus Christi
Main prize: $5,000
Renita Newton, a master’s student pursuing a degree in counseling, worked hard to get where she is today. Growing up in Hammond, Louisiana, Newton and her two siblings were primarily raised by her mother. Newton’s dad was incarcerated for much of her childhood.
Getting by day to day was not easy. “At times, regardless of how hard [my mom] worked, we still went without,” said Newton. “One time in particular, I remember living without lights for approximately two weeks or more.”
When she was just 14 years old, her mother died, and the responsibility to look after her siblings fell to Newton. She got two jobs while still in high school to help after moving in with her grandmother.
But out of the heartbreak and sadness that came from her mother’s death, Newton became a goal-setter. She developed the “mindset of a conqueror,” working hard to help her family, encouraging her siblings to continue moving forward, and eventually graduating high school with top honors.
It’s that strong outlook that later propelled her to pursue the career in counseling. “Because of the many hardships I have endured, my goals and career aspirations are now driven by purpose and passion to succeed,” she said.
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:
- LaTashia Reed: $5,000
- Anastasiia Caviston: $2,000
- Rachel Goldstein: $2,000
- Samiira Husein: $2,000
- Lissette Lomeli: $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.
Images taken by Sarah Lim
Need a student loan?Here are our top student loan lenders of 2018!
|1 Important Disclosures for CollegeAve.
College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or Nationwide Bank, 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 11/1/2018. Variable interest rates may increase after consummation.
2 Important Disclosures for Discover.
3 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.
* 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 PNC.
PNC Bank is one of the nation’s largest education loan providers. For over 40 years, PNC has been committed to helping students and their families make possible the adventure of college.
6 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. ©2018 SunTrust Banks, Inc. SUNTRUST, the SunTrust logo and Custom Choice Loan are trademarks of SunTrust Banks, Inc. All rights reserved.
7 Important Disclosures for LendKey.
Additional terms and conditions apply. For more details see LendKey
8 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.
9 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|3.94% – 12.78%1||Undergraduate, Graduate, and Parents|
|4.04% – 13.04%3||Undergraduate and Graduate|
|4.34% – 12.99%2||Undergraduate and Graduate|
|4.12% – 10.98%*,4||Undergraduate and Graduate|
|5.03% – 11.23%5||Undergraduate and Graduate|
|4.12% – 13.13%6||Undergraduate and Graduate|
|4.92% – 10.01%7||Undergraduate and Graduate|
|3.72% – 9.68%8||Undergraduate, Graduate, and Parents|
|4.26% – 12.13%9||Undergraduate, Graduate, and Parents|