2004 Fall/Winter Volume No. 4
Education is the Way to Advancement
Southwestern Area Manager
and PSAI Scholarship Committee Member
That’s true for individuals as well as the entire industry. That is why the PSAI has long promoted education and is proud to introduce its new scholarship fund.
The Portable Sanitation
Association International (PSAI) Announces
New Scholarship Fund
In its very first year of the fund, the PSAI was able to raise over $23,000 in contributions from members and awarded eight scholarships to deserving individuals in our industry who made a commitment to advancing themselves through higher education.
The PSAI’s goal is to award $2,500 to at least eight incoming college freshmen and current undergraduates of any age who are employees of, or immediate family of employees of PSAI Member companies in good standing—worldwide.
The program is chaired by one of PolyJohn’s customers Ned Carpenter, owner of Porta-Jon of the Piedmont, Gastonia, NC. And it is administered by Scholarship America, a non-profit group highlighted by SmartMoney Magazine as one of only 17 nonprofits that make the most effective and efficient use of charitable dollars. Scholarship America not only manages donations to the fund, their experts are also responsible for reviewing applications and rewarding the scholarships so that there are no political or regional biases in the selection of scholarship recipients.
According to Bill Carrol, PSAI President, the ultimate goal is to raise enough money to create an endowment fund that will be perpetually self-sustaining through managed investments.
Donations to the PSAI scholarship fund are tax-deductible and go directly to Scholarship America who awards the PSAI scholarships to deserving students.
The potential to win a scholarship is a great benefit to you and your family and your employees and their families. Please notify all your employees that
this opportunity exists. Applications for next year’s scholarships can be downloaded at www.psai.org. Click Applications & Info.
2004 PSAI SCHOLARSHIP WINNERS
Timothy Ball, Shea’s Outhouse Service;
Honeoye, New York
Jennifer Downey, Five Peaks Technology;
Eric James Martin, Service Sanitation;
Jennifer McCarty, McCarty’s Portable Toilets;
Weston, West Virginia
Trevor Oswald, Jefferson State Pumping;
Klamath Falls, Oregon
Katherine E. Ranck, Toi Toi Hong Kong Limited;
Kwai Chung, Hong Kong
Amanda Wolfe, The Country Plumber, Inc.;
Christopher Wood, AR-Jon Portable Toilets;
RISING College Costs
Parents should always be aware of the skyrocketing tuition costs for their college-bound child. In the Trends in College Pricing 2003 report from the College Board, a national nonprofit association, the average cost of tuition and fees at America’s four-year colleges and universities has sharply risen 42% at private institutions and 47% at public institutions since 1993. A year of tuition at a private university, not including room and board, is now $19,710;
a public school averages $4,694. Jim Boyle, president of College Parents of America (888-761-6702; www.collegeparents.org), a nonprofit organization that provides resources and information to parents, estimates that over the next decade the total cost
of one year at a private university will range from $40,000 to $60,000.
Parents must therefore plan very early to avoid incurring big debts later. Savings plans such as state-sponsored 529 plans are excellent ways to save for young children. Parents whose children are now old enough to attend college should consider Parents’ Loans for Undergraduate Students, which are low-interest federal loans that are available through the Federal Family Education Loan Program.
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