Your high school graduate could win $2,500 for college.
You've remained steadfast in your commitment to saving for retirement. Participating in your employer's retirement program helps you plan for a successful future. Now, you can help your high school senior jump-start theirs.
Nationwide and the National Association of Counties want high school seniors to understand the importance of saving early for retirement.
To get them started, Nationwide will award four college scholarships - each worth $2,500 - to four high school seniors whose parents or grandparents participate in a NACo Deferred Compensation 457 plan.
Throughout their decades of partnership, Nationwide and NACo have remained committed to helping you plan for retirement and your family's future.
How to apply
Complete an online application. As part of the application, your high school senior will be asked to write a short essay. Please keep the response to 500 words or fewer, and the student should answer in his or her own words.
The recent COVID pandemic has impacted the way we approach and plan for many of life’s decisions. As we turn the corner on the challenges that we have faced over the past two years, what lessons can we learn as it relates to Retirement Readiness? As you formulate your response, please consider lessons learned and how you would approach the following when you graduate college and start planning for your Financial Security: Use of Employer Sponsored Retirement Plans, Budgeting, Asset Diversification, Emergency Funds and Financial Literacy. As you consider your response, you may also want to consider the following economic levers that may impact Retirement Security: Healthcare Costs, Social Security, Market Risk and Increasing Life Expectancy.
Terms and Conditions
Graduating high school seniors who are legal U.S. residents are eligible to apply. Please keep the following criteria in mind:
- The applicant’s parent, grandparent or legal guardian must be enrolled in and have a current employee funded 457(b) Plan offered through the NACo Deferred Compensation Program.
- Applicants must enroll in a full-time undergraduate course of study no later than the autumn term of the 2022-2023 school year or at an accredited Trade School or two or four-year college.
- Immediate family members of NACo employees, members of the NACo Defined Contribution and Retirement Advisory Committee or its governing board of directors, staff of individual state Association of Counties that are members of the LLC and Nationwide employees are not eligible to apply; this program is not offered outside the United States.
- The application and entry must be submitted online between April 1 and May 31, 2022.
- Scholarship entries will be reviewed by a committee of associates from both Nationwide and NACo; scholarship recipients will be chosen based on the content of their entry
- All entries submitted will become property of Nationwide and may be used for educational and/or marketing purposes; the original author will be credited
How scholarship recipients will be notified:
- Scholarship recipients will be notified in July 2022
- The winner must enroll in an accredited institution by the autumn term of the 2022-2023 school year
- A check payable to the institution will be mailed directly to the institution of each scholarship recipient during the fall of 2022