CHICAGO, Aug. 15, 2012 /PRNewswire/ -- CreditCardGuide.com, the trusted source for credit cards online, announced today the Flex Scholar Essay Contest to encourage financial literacy among young adults. "There is a critical need for stronger money-related skills among today's college students. Our scholarship essay is designed to combine a financial incentive with elevating the conversation regarding essential money management skills," said Erica Sandberg, editor-at-large for CreditCardGuide.com.
To be eligible, essay contest applicants must currently be enrolled as freshmen or sophomores in an accredited college or university. The essay writing competition will allow contestants to choose among several financial topics covering various dimensions of adult financial life.
The FLEX Scholar essay contest award will total $10,000 and will be comprised of 10 separate $1,000 awards granted to the winners based on criteria including originality, coherence, community service and evidence of sound research. To enter the essay contest students can visit http://www.creditcardguide.com/flexscholar/. The application deadline for submissions will be September 28, 2012. The 10 winners will be notified by email on October 31, 2012, with winning award checks made payable directly to their college or university.
"We are proud and excited to offer deserving students this opportunity early in their college careers in order to highlight the value of financial literacy and to help offset the rising costs of higher education," added Sandberg.
CreditCardGuide.com, a Bankrate Inc. property, is dedicated to providing consumers with a free one-stop credit card resource center and links to instant online applications. We also present side-by-side comparison of the best credit cards on the Internet from the top banks and card companies. These cards have competitive rates and outstanding benefits and rewards. In addition, our powerful search tools and comparison guide can help you choose a credit card that best fits your needs.