The Lexwerks Foundation is dedicated to helping students who are planning to manage student debt proactively mitigate that anticipated student debt. Stephen Lurie, writing in the Washington Post, provides some insight into why we chose this course of action. If you’ve been insulated from family finances and aren’t sure how college costs will affect you, please consider this video from AJ+:
The Lexwerks Foundation is offering a pool of at least four (4) “Mind the Details” $400 USD scholarships for graduating seniors — Class of ’17 — of Oregon High Schools that are going on to pursue a college degree within the United States. To apply for this scholarship, post a video to YouTube explaining in 5-12 minutes what you’re interested in studying, why the college or university you’re enrolling in is an optimal choice for studying it, and how you’re hoping to improve the world and maybe even secure gainful employment with such an educational opportunity. Then tweet a link to it (@Lexwerks #DetailsMatter) between May 1 and May 8, 2017, so that we know where to find it. Recipients will have a check sent to the institution they’re enrolling in on their behalf; the institutions may require us to label the check with the recipient’s SSN or Student ID (paperwork varies by institution). Due to our limited resources, these scholarships are one time awards.
The Frequently Asked Questions
- What are the GPA, SAT, ACT, ETC requirements? There aren’t any. Those scores haven’t mattered for for us since we got into college and if you’re admitted to a college then apparently yours are good enough. We will need to be able to confirm your graduating-senior-in-Oregon and going-to-college statuses, though.
- Why is the application window so late in the Spring? The timing for the application window reflects that many students may have multiple potentially viable plans, the selection of which is based on the actual costs of the education rather than just the list price. We’re only interested in the plan that’s being committed to, as a crucial part of the application is explaining why the actual educational institution of choice is an optimal fit for the larger plan. As such, we have to have a later application time-frame.
- Do I have to stick to the plan I describe in my submission? Goodness no, we have no expectation that your plans won’t be adjusted in reaction to exigent realities. The point of describing your plan is to show that you know how to make a plan such that we’ve got a reasonable expectation that you’ll be able to make more plans when your situation changes, as opposed to either drifting aimlessly or being stuck pursuing a non-optimal goal. That said, if you don’t even end up going where you told us to send the money, that’s your problem, not ours.
- What does “a pool of … scholarships” mean? It means that if we have fewer qualified applicants than we have scholarships to hand out, the qualified applicant(s) may win repeatedly. The point behind allocating scholarship funds is to disperse the funds, not to sit on them indefinitely. (The Lexwerks Foundation board codified this process on May 11, 2015.)
- What did last year’s winner do particularly well? The 2016 winner did a solid job of explaining how the university she would be attending had an extensive support structure for for her field of study, maximizing her tuition spending and improving her chances to successfully continue into a career upon graduation.