A scholarship contest for the children of Nebraska farmers has been set up by First National Bank of Omaha and Nebraska State Treasurer.
Three winners will each receive a $5,000 NEST (Nebraska Educational Savings Trust) scholarship sponsored by First National Bank of Omaha.
"First National Bank of Omaha has been committed to the communities of Nebraska and the agricultural industry for more than 150 years," says David Cota, senior managing director, First National Bank of Omaha. "We are proud to offer the farming families across Nebraska the opportunity to get a head start on saving for college through this scholarship contest."
Adds Stenberg, "As the cost of higher education continues to rise, we are committed to making it easier and more affordable for families to save for college. Offering scholarship opportunities such as this is just one example of that commitment."
The contest runs through Aug. 5. Each contestant must write and submit an essay describing how growing up as part of a farming family impacts his or her goals for higher education. The typed essay must be no more than 750 words and may be submitted by one of two ways:
- Emailing to NEST@fnni.com no later than 11:59 p.m. Aug. 5. The subject line should read: NEST on the Farm Scholarship.
- Mailing it to First National Bank of Omaha, ATTN: NEST on the Farm Scholarship, 1620 Dodge Street., Stop 1105, Omaha, NE 68197.
All entries will be divided into three age groups: 7-9 years of age; 10-11 years of age; and 12-13 years of age. Winners will be announced at the Nebraska State Fair in Grand Island on Saturday, Sept. 3. Additional qualifications include:
- The children must live on a farm or a parent or guardian must work on a Nebraska farm. Winners will need to provide proof of age, proof of living on a farm and/or proof that a parent or guardian works on a Nebraska farm.
- The children must have a valid Social Security number and a Nebraska residential street address.
- The children must fall within their respective age groups on the day the award is announced.
- The scholarship will be awarded to the child and deposited into an account owned by the Nebraska Educational Savings Trust, held on behalf of the winner. Winnings and earnings, if any, can only be used to pay for qualified higher education expenses at an eligible educational institution, which includes colleges, universities, community colleges and technical schools throughout the United States and some abroad. The winnings do not have to be used at a Nebraska school.
- If the child cannot use the scholarship, the money will be forfeited.
For complete scholarship contest rules and regulations, visit the NEST Direct College Savings Plan at www.NEST529direct.com the State Treasurer's Office at www.treasurer.org or the Department of Agriculture at www.agr.state.ne.us/.