Meadow School’s Joshua Bowyer, II has been named a recipient of the prestigious Victor E. Bell, Jr. Scholarship, which is funded through College Foundation, Incorporated (CFI).
Sarita Broadway from CFI came to Meadow School to present Bowyer with the award.
Each year, 10 seventh grade students are awarded the scholarship which is named in honor of the visionary former chairman of the CFI Board of Trustees who served for 30 years and left a strong legacy of service to North Carolina. Calls for nominations went out to North Carolina middle school and college access program counselors early fall, giving them the opportunity to nominate one deserving student. To make the scholarship available to students throughout the state, the nominations received were sorted by telephone area code for a random drawing held in late October.
From middle school through the fourth year of college at a North Carolina institution, winners receive $2,000 per year for a maximum award of $20,000 per recipient, as long as annual renewal criteria are met. Awards are contributed to an account in the NC 529 plan with the individual recipient named as the beneficiary of the account.
CFI funds 10 new Victor E. Bell, Jr. Scholarships annually and continues to fund scholarship for previous recipients meeting annual renewal criteria. Eleven Bell Scholars are now enrolled in North Carolina colleges and universities, and to date, $73,459 in scholarship funds has been distributed on their behalf. Other organizations or individuals are welcome to contribute to the Bell Scholarship Program or to fund and create a similar scholarship that can be administered by CFI.
College Foundation, Inc. (CFI), administers a large portfolio of education loans, several major grant and scholarship programs for students attending N.C. colleges and universities, and the tax-advantaged “529” college savings program on behalf of the N.C. State Education Assistance Authority. CFI also delivers information to North Carolina students and families about paying for college, assists colleges and universities with financial aid services, and provides technology support for CFNC.org.
