Aug 30, 2017, 12:00 PM, Posted by James McGowan
A higher education degree has a big impact on future health. Here’s how one man is leveraging his personal experience to help students pursue a brighter future.
Like many of the college-bound students I counsel at Normandy High School in Wellston, Mo., I was a first-generation college student. Thrilled to head off to Georgia Tech on a full scholarship, I had no idea I wasn’t actually getting a full ride with all costs paid for. Suddenly, I found myself on the hook for room and board, books, and other expenses. I took out loans, but they weren’t enough. I maxed out my credit cards. It took me years to pay off the debt.
I share this story with my students as a cautionary tale and to underscore the value of Viking Advantage, the college savings and preparation program they participate in. Each student in the program gets a college savings account called an Individual Development Account (IDA). For every dollar they save for college, up to $500, they get an additional $3 from my organization, Beyond Housing, and its funding partners—for a maximum total of $2,000. When students head to college, the money is sent directly to the college bookstore or cashier’s office for tuition, textbooks, dorm deposits, room and board, and supplies they need for classes.