According to the story, the cost of college has risen faster than inflation for some time, and “Many states have slashed funding for higher education. The [College Board] report found state appropriations per student dropped 10 percent in 2011-12, a fourth straight year of decline.”
That said, parents must still find ways to pay for their child’s education, because as Newbern says, “Not all kids are scholars or athletes and they won’t be eligible for scholarships. Who knows what options will be available or what those options will look like in 10 years.”
Quotes for Education
Which is precisely where companies like Allstate can step in. Since 2008, Allstate has offered its Quotes for Education program that is designed to help students of historically black colleges and universities finance their education. Working with partners such as the Tom Joyner Foundation, the UNCF (United Negro College Fund) and the Thurgood Marshall Foundation, the program has provided consumers a quick and easy way to support HBCU students. To date, more than $100,000 has been raised for the cause.
This year, the Quotes for Education program is working exclusively with The Tom Joyner Foundation to support HBCU students. From August 1 through December 31, Allstate will donate $10, up to a total donation of $150,000, to the foundation for any insurance quote received from a participating agent. Plus, for the first time, consumers can vote for their favorite HBCU to receive a separate $50,000 donation from Allstate. These donations help form the Allstate/Tom Joyner Foundation Scholarship, which is awarded to financially in-need HBCU students each year.
Want to help HBCU students pay for college? Get a quote here and your donation will help make a difference.