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7th Annual NACo/Nationwide Scholarship


Posted Date: 
March 2, 2012

This spring, four high school seniors will earn $2,000 for college from the NACo/Nationwide Scholarship. Winning applicants will have written a short essay describing why it’s important for a public sector employee to start saving early for retirement.

This is the seventh year in a row that Nationwide and NACo have teamed up to encourage high-school seniors to think about retirement.

Why spur students who haven’t even started full-time work to think about retirement? Three reasons – by applying for the scholarship the students:

1.    Must consider the financial impact of their decisions about college and their career and realize it is never too soon to start thinking about saving for retirement.

2.    Begin to recognize the value perspective in turbulent financial times when often difficult decisions are required.

3.    Identify specific actions that help prepare for a financially successful future.

To be eligible, applicants must be graduating high school seniors who are legal U.S. residents, their parent or grandparent must be enrolled in and contributing to the NACo 457 Deferred Compensation Program, and the student must enroll in a full-time undergraduate course of study no later than the fall term of the 2012-2013 school year at an accredited two- or four-year college. Application and entry may be submitted on line between March 1 and April 16, 2012.

The NACo/Nationwide Scholarship is just one of the services arising out of a 32-year relationship between Nationwide and the NACo. As provider of the NACo Deferred Compensation Program, Nationwide regularly reports to the NACo Deferred Compensation Advisory Committee on industry trends, updates statistics on the program and provides ongoing education on retirement issues. NACo receives from Nationwide Retirement Solutions payment for NACo’s endorsement and license of its name and logo for use by Nationwide in connection with the NACo Deferred Compensation Program and related products and services. These funds are used by NACo to enhance programs and services for the benefit of its members.

For more information about the scholarship

All of the information about eligibility, judging criteria, and notification process are on the NACo and Nationwide Websites. For more information, go to www.naco.org/retirementscholarship or www.nrsforu.com/scholarship.