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Dollars for Scholars accepting loan 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 2012 semester.
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.
The original purpose of Dollars for Scholars was to make interest-free loans for the pursuit of post-high school education available to Tell City High School graduates.
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.
For the last four decades, Dollars for Scholars has used the original funds to loan in excess of $725,000 to more than 1,300 graduates of Tell City High School.
In 1999, Dollars for Scholars expanded its interest-free loan program to include 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 III Initiative. This is the 14th 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.