FAIRBANKS, Alaska - College can be one of a family's biggest investments, but scholarships can offset a lot of the cost. 10-year-old James Schiltz was the recipient of a UA College Savings Plan $25,000 scholarship. He shares his feelings about the surprise.
"Really, really, really good," he said.
Lael Oldmixon, the executive director for the UA College Savings Plan explains how a person becomes eligible to receive the scholarship.
"When people check the box that they want half of their PFD to go into a college savings plan account, they are automatically into this scholarship giveaway contest and I am just so delighted to be here," she said.
While $25,000 is already a substantial amount for a scholarship, should James choose to stay in Alaska for college, the UA College Savings Plan will also cover the difference of any tuition inflation. James' mom shares what this means for their family.
"It is amazing. It is a dream come true. It's so exciting because with five kids, you know, college is a struggle, and it is the only way that they're going to be able to be ahead in the world you know, is with and education," Stevi Falukos, James' mother said.
Using this money to help fulfill dreams, James says he plans on going to college and becoming an astronaut.