Dana Tell (Team One Marketing VP), Joe Madison (Saginaw Promise Steering Committee Member), and Dick Powell (Team One Board of Director) at the 1st Annual Saginaw Promise Golf Outing.
Team One + Saginaw Promise
Something We Can ALL Count On!
Team One is proud to support this exciting initiative in Saginaw designed to serve as a catalyst for economic development while cultivating higher education for children through a scholarship program. The Credit Union is stepping up and committing to raise funds and community support for the Saginaw Promise through ongoing fundraisers, donations and special events.
What Is Saginaw Promise?
The Saginaw Promise combines private and public dollars to establish a scholarship to fund a maximum of up to $2,727 per year for a two-year degree and up to $8,000 per year of a four-year degree program at a public or private university, accredited trade or vocational school in Michigan. The Saginaw Promise is intended to be a "last dollar" scholarship, used to cover tuition and other mandatory fees not covered by federal, state, private, or other grants or scholarships.
10 Things About Saginaw Promise
- Saginaw Promise is designed to become self funding. Initial funding will be raised through private gifts and the State of Michigan legislation allows the Promise Zone Authority to recapture half of the increase in State Education Tax.
- Students must reside within the boundaries of the Saginaw Public School District to apply.
- Students must graduate from a high school within the Saginaw Public School District.
- The amount of the Saginaw Promise Scholarship will be pro-rated based upon the number of years of attendance.
- Eligible post secondary schools include any accredited public or private college, community college or vocational school. Funding for private colleges will be capped at the cost of a state university.
- The Promise Funds cover tuition and mandatory fees. It does not cover room and board.
- Students are required to fill out the FAFSA application annually and must accept all federal and/or state aid. Promise funds will be applied after government grants and scholarships.
- Students must meet the application and academic requirements of the educational institution they choose to attend.
- Beginning with the Class of 2012, Saginaw Promise expects to raise the necessary funds to cover two years of tuition.
- Contact Saginaw Promise for more information 989-980-3232.