Arianna Alexander’s scholarships will probably stand as a record for college scholarship funding for a long time to come. The Chicago valedictorian has been offered an astounding $3 million in college money, and already she has been accepted by 26 universities. But what does she plan on doing with all that money?
In a related report by the Inquisitr, Chris Christie says that any college which is debt free is in the “wrong” since college are “drunk on cash.”
Student loan debt in the United States has ballooned to over $1.2 trillion, and many newly graduated students are defaulting on these loans. According to Forbes, the overall consumer price index has risen 115 percent since 1985, while the college education inflation rate has risen nearly 500 percent. But, unlike credit card debt, student debt is not forgivable in bankruptcy. Because student loans cannot be written off through bankruptcy, millennials are being buried by debt and cannot afford to buy cars, mortgage a house, invest in the stock markets, or begin to save for retirement.
This is why Arianna Alexander’s scholarships are so amazing. She recognizes that student loan debt is a huge issue for many her age, so her parents encouraged her to shoot high after another student managed to land more than $1 million scholarships a few years ago.
“I planted the seed in Arianna’s mind that you can do the same thing. So when the process got started and a million was achieved, let’s go for two. I said let’s go for three and she did it,” her father Pierre Alexander said. “It was a big blessing, because I’ve already put three through college. Now I don’t have to worry too much about her.”
After graduating from high school with a 5.1 grade point average on a 4.0 scale, Alexander is headed to the prestigious Wharton Business School at the University of Pennsylvania thanks to the advice of Paul Brush, one of her teachers.
“He said, ‘Do you know about the Wharton School of Business?’ I said, ‘I have no idea what you’re talking about,'” Arianna said, according to ABC.
Although Arianna Alexander’s scholarships sound amazing, she believes the real trick is to work hard, pray about it, and don’t give up no matter how hard raising the money for college tuition may seem. Arianna plans on becoming a restaurant entrepreneur, and already she is working on the designs for her menus. Although the reports do not say what she is allowed to spend that $3 million on, it’s certain that having a lottery ticket-sized scholarship fund is certain to help Alexander find her dream.
[Image via Pace University.]