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Clif Bar, an energy bar company, wants to give college seniors enough to pay off the average student loan debt, plus $3,000 a month for a year. Why?
Because more than half of 18- to 34-year-old workers say their student debt stops them from working a fulfilling job, according to Clif Bar.
In debt, full-time, college seniors who graduate Spring 2019 can apply here. The scholarship is not yet open, but will open this Fall (without a specified date). The company is taking emails to send notifications of when applications open. Four applicants will win.
“With this scholarship, we hope to inspire the next generation to prioritize purpose at a pivotal moment in their lives, rather than letting conventional wisdom or financial realities determine which path they take after college,” says Gary Erickson, founder. And most graduates feel stress from financial realities.
Forty-two percent say student debt is their №1 source of financial stress. And 73 percent say they’re not taking a rewarding or interesting job because of this. Sixty-three percent feel they need to take the first job they’re offered, and 68 percent will take a job that isn’t fulfilling to pay their debts back quicker.
