SCHOLARSHIP NEWS: Feb. 28, 2024 – Park Rapids Enterprise

TEAM industries scholarship

The TEAM Industries-Don Ricke Scholarship Fund, a scholarship fund hosted by the Northwest Minnesota Foundation, is seeking qualified students to apply.

The intent of the scholarship is to develop career opportunities in northwest Minnesota

by helping students pursuing post-secondary education, with a preference for those

studying engineering, machine tool trades and technology-related fields.

Students from area schools including Laporte, Nevis and Park Rapids are eligible to apply. Preference will be given to a graduating high school senior.

Scholarships are offered as a one-time award to local high school graduates. Previous

recipients may reapply for a second-year scholarship with proof of successful completion of first year of study, but renewals are not guaranteed.

Applications for the scholarship are being accepted through April 15 and are completed online at www.nwmf.org. Click “scholarships” on the home page.

Northwest Minnesota Foundation

The Northwest Minnesota Foundation (NMF) will begin accepting applications to its scholarship funds on Feb. 1.

Scholarship awards can range from $500 to $4,000. Scholarship funds have a variety of focuses, such as support for students from specific school districts, those involved in certain extracurriculars or those intending to pursue specific majors.

The NMF scholarship portal makes it easy for students to identify the specific scholarships for which they are eligible through an eligibility quiz. Students input their information (e.g. high school district, high school extracurriculars, intended field of study, etc.) and then see a filtered result list. From there, they can apply for specific scholarships for which they qualify.

The deadline to apply for most of the scholarships is April 15.

NMF hosts more than 128 scholarship opportunities for students throughout northwest Minnesota. Most of the scholarships are for high school seniors living within the region. However, there also are opportunities for nontraditional students or college-enrolled students.

Applications are completed through the NMF website at www.nwmf.org by clicking on “Scholarships” at the top of the homepage. Students will be required to create an online account and take the eligibility quiz to begin the application process.

Township association scholarships

The Minnesota Association of Townships (MAT) will award up to five $2,000 scholarships to high school juniors. The scholarship program is designed to heighten awareness among young people about Minnesota’s grassroots township government.

All students currently enrolled in 11th grade and attending a Minnesota public, private, or parochial school or a home-study program, are eligible to apply.

The 2024 essay question on promoting township government is, “Describe ways in which broadband Internet access improves the lives of rural residents. What challenges exist in providing broadband Internet in rural areas? And what policies should governments at all levels, (federal, state, and local) adopt to ensure that regardless of geographic location all Americans have equal access to broadband Internet?”

Applicants should submit a written essay using critical thinking on the topic of promoting awareness of township government by June 1.

Winners will be chosen by an independent panel of judges and will be notified in September. They will also be invited to attend MAT’s annual conference in St. Cloud.

For more information and application details, please call the MAT offices at 1-800-228-0296 or visit the scholarship page on their website.

MNSAVES offers families triple tax benefit

Families who invest in MNSAVES, Minnesota’s 529 College Savings Plan, can enjoy a triple tax benefit that could help save thousands of dollars each year in taxes, according to a press release.

Minnesota residents who have opened and contributed to a MNSAVES account can save in three ways: by qualifying for a state tax deduction of up to $3,000 for married filers or $1,500 for those filing single; through tax-deferred growth on earnings; and through tax-free withdrawals for qualified higher education expenses such as tuition, fees, room and board, books and more.

Also, some Minnesota tax payers may qualify for a tax credit of up to $500, subject to phase-out based on certain federal adjusted gross income thresholds.

For more information, visit mnsaves.org.

Our newsroom occasionally reports stories under a byline of “staff.” Often, the “staff” byline is used when rewriting basic news briefs that originate from official sources, such as a city press release about a road closure, and which require little or no reporting. At times, this byline is used when a news story includes numerous authors or when the story is formed by aggregating previously reported news from various sources. If outside sources are used, it is noted within the story.


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