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Dollars for Scholars accepting fall loan award applications

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TELL CITY – The board of directors of Dollars for Scholars of Tell City-Perry County has announced it is accepting applications for interest-free loans to be awarded to students pursuing post-high school education for the fall 2011semester.
Applications are available at the offices of the guidance counselors at Cannelton, Perry Central and Tell City high schools and at Fifth Third Bank. The deadline for submitting applications is June 1.
In 1999, Dollars for Scholars expanded its interest-free loan program to in-clude graduates of Perry Central and Cannelton high schools. It was able to do so because it received a grant of $100,000 from the Indianapolis-based Lilly Endowment, Inc. The grant was part of the endowment’s Giving Indiana Funds for Tomorrow Initiative.
The original purpose of Dollars for Scholars was to make available to Tell City High School graduates interest-free loans for the pursuit of post-high school education. More than 40 years ago, the Tell City Jaycees raised $87,000 from businesses and residents of Tell City. Those funds have become a perpetual gift to the graduating seniors of Tell City as the repaid funds are loaned out year after year.
Over the last four dec-ades, Dollars for Scholars has used the original funds of $87,000 to loan in excess of $700,000 to more than 1,200 graduates of Tell City High School. The $100,000 received from Lilly allowed Dollars for Scholars to ex-pand the scope of its giving to include graduates of Cannelton and Perry Central high schools. This is the 13th year funds have been available to graduates of all three of Perry County’s high schools.
The interest-free loan program is also available to students entering college for the first time but who are not current-year high-school graduates and to those who are entering their second or subsequent year of college or trade school.
Anyone with questions about the local Dollars for Scholars chapter should contact Darla Goffinet, the chapter’s president, at 547-3891.