2006 Winter/Spring Volume No. 6
The Portable Sanitation Association International (PSAI) Announces 2005 Scholarship Fund Winners
Education is the way to advancement. 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 winners:
Bart Kunz Pumping
Johnny On The Spot
Old Bridge, New Jersey
Five Peaks Technology
Satellite Industries, Inc.
McCarty’s Portable Toilets
Weston, West Virginia
Heffeman Insurance Brokers
United Site Services
In its very second year of the fund, the PSAI was able to raise over $56,000 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 scholarships to 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. 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, your family, 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.
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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