Upromise is sponsoring a contest in honor of Financial Literacy Month. There are two grand prizes of $10,000, cash that can be used for higher education expenses. We touched on the topic of the cost of education on yesterday’s podcast with financial columnist Kara McGuire. I have no children, but thinking about potential children’s projected college expenses at least two decades down the road makes me shudder.
Salaries don’t naturally rise at nearly the same rate as education expenses, so it is imperative to take advantage of any opportunity possible to help pay for those expenses. Personally, I won’t want my children to be burdened much with student loan debt, yet I would like them to have the best educational opportunities possible. I’ll be thinking about tax-free investments for education, scholarships, and grants when (and if) the concept of children becomes part of my life.
I’m writing about this contest because $10,000 can go a long way to pay for college expenses today — and judging by the current entrants in the contest, someone with a talent for video should be able to set themselves apart. To enter the contest, Upromise requests you submit a 30-second video documenting your planning, saving, or paying strategies for dealing with higher education expenses.
Consumerism Commentary readers are creative, so I believe one of you has a good chance of winning this contest. Beyond the grand prize, Upromise is also offering 8 first prizes, a $500 gift card. More information is here.
Here’s an example of a current video. Go get that $10,000.
Updated June 4, 2012 and originally published April 12, 2010. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.