The Millburn-Short Hills Scholastic Boosters, now in its 69th year, has launched its annual campaign to raise funds for the educational grants it provides to local college students trying to close the shortfall in their funding package. Since 1947, more than 1,000 students have received awards totaling in excess of $1,000,000.
“For many deserving local students, the challenge of assembling a financial package to attend college becomes more difficult each year,” says Boosters President Jennifer Baer. “With the ever-increasing costs of tuition, room & board, and even textbooks, more and more students face the prospect of substantial debt when they graduate.”
Baer adds that, “According to a Wall Street Journal article, just over 20 years ago, the average graduate with student-loan debt was faced with paying back slightly more than $10,000. For 2016 graduates, that number had more than tripled to approximately $37,000—up six percent over the previous year’s graduates. Parents taking out loans for their children are being impacted, as well. According to US News & World Report, Parents Plus loans will have a 6.31 interest rate for the 2016-17 school year.
“Unlike government and private loans, support from The Boosters need not be repaid,” she points out. “Every student—and their family—who receives a Boosters Grant has already been willing to put himself or herself under considerable financial obligations that will follow them well past their college years. Nevertheless, they still face a shortfall in their funding package. The Boosters continue to rely on the generosity of our community to help these worthy students bridge some of that shortfall and lessen their financial burdens.”
The Boosters also present an annual “Give-A-Boost” award to a Millburn High senior with an excellent academic record who has shown diverse academic, community and personal interests and accomplishments. The award selection is made by the Boosters’ Board with the assistance of the MHS Guidance Department.
To make a tax-deductible donation to the Boosters— or to obtain a grant application—visit
msh-scholasticboosters.org or write to Millburn-Short Hills Scholastic Boosters, P.O. Box 42, Millburn, N.J. 07041. Donations of any size—and employer matches—are very much appreciated.
The Boosters wish to thank the students in the Millburn High School Career/Work Exploration Program who have assembled the Boosters campaign mailing. The program is dedicated to the development of partnerships with local businesses for the purpose of providing students with an opportunity to experience the world of work.