On average, families spend $26,226 on college, according to a national study. However, family savings and income alone often do not cover the full cost of college. Studies report that more than eight in 10 families use scholarships and grants, and more than half of families borrow to cover college costs.
Plains Commerce Bank is helping to help alleviate this financial burden for a handful of deserving students and their families this year. The Bank awarded eight students a total of $6,000 to help cover the costs of their continued education.
The deserving recipients include Grace Beyers an Ipswich High School graduate.
“The Plains Commerce Bank scholarship program is an excellent program that gives back to the youth in the community seeking further education.” says Beth Nagel of Gettysburg, a scholarship recipient. “As I was filling out scholarships this spring, I was very excited to find that my local bank offered a scholarship because it just goes to show the support they have for their youth clients.”
Brent Heinert, Plains Commerce Bank President, replies, “The class of 2020 has faced immense adversity as they conclude their high school experience. It is our privilege to be a light of positivity through our scholarship program. Communities bond together in tough times, and our relationship with local students is no different.”
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