NORTHBROOK, Ill., Aug. 17, 2011 /PRNewswire/ -- As education costs
continue to rise and Congress considers deeper cuts to federal aid
and loans, many college students face perhaps the toughest
choice of their young lives: fight on or drop out.
To increase the financial options available for students,
Allstate has teamed up with The Tom Joyner Foundation to assist
deserving students with scholarships through the third annual
"Quotes for Education" (QFE) program. QFE continues Allstate's
history of investing in initiatives that strengthen Historically
Black Colleges and Universities (HBCUs). This year, the goal is to
provide $200,000 for support of the
HBCUs and the QFE program.
Allstate will donate $10 to The
Tom Joyner Foundation for every insurance quote (auto, renters,
homeowners and more), up to $200,000, received through December 31, 2011.
Supporting Quotes for Education is as simple as Click,
Call or Quote:
- Click - Go to www.allstate.com/quotesforeducation to
find a participating Allstate agent near you or get a quote
online
- Call - Allstate at 866-998-2188 to speak to an Allstate
representative any time, day or night
- Quote - Receive any insurance quote from Allstate
through December, 31, 2011
"Today's struggling economy and distressed job market make
it more important than ever to secure a college education," said
Tom Joyner, Founder of The Tom
Joyner Foundation. "Our mission is to help young people get a
college education and ultimately compete in this
highly-demanding global workforce."
"In addition to supporting a trusted community partner like
The Tom Joyner Foundation, we're also pleased that this
program engages families and communities as part of the solution,"
said Kimberly Turner, marketing
manager for Allstate. "By completing a quick, no-obligation auto,
home, renters or life insurance quote, people can join with us in
the effort to help keep the dream of a college education alive for
hard-working students."
For students from families of limited means, earning a college
education is an uphill battle. Consider these facts:
- Since the early 1980s, college tuition and fees have increased
at four times the rate of inflation – even faster than skyrocketing
healthcare expenses. ("Measuring Up 2008", National Center for
Public Policy and Higher Education, 2008)
- After exhausting all sources of grant aid, the typical
low-income student must come up with more than $11,000 a year to attend a public or private
nonprofit college. (Education Trust analysis of NPSA,
2008)
- The disparity between upper and lower-income students is
profound: more than 90 percent of high school students from
families making more than $100,000
enroll in college, compared to 78 percent of students from families
making $50,001 to $100,000, and 52
percent of students from families making $20,000 and less. (NASFAA, "Measuring Up
2008", National Center for Public Policy and Higher Education,
2008)
About Allstate
The Allstate Corporation (NYSE: ALL) is the nation's largest
publicly held personal lines insurer known for its "You're In Good
Hands With Allstate®" slogan. Now celebrating its 80th anniversary
as an insurer, Allstate is reinventing protection and retirement to
help nearly 16 million households insure what they have today and
better prepare for tomorrow. Consumers access Allstate insurance
products (auto, home, life and retirement) and services through
Allstate agencies, independent agencies, and Allstate exclusive
financial representatives in the U.S. and Canada, as well as via www.allstate.com and
1-800 Allstate®.
About The Tom Joyner Foundation
The Tom Joyner Foundation's primary mission is helping to keep
students enrolled in Historically Black Colleges & Universities
(HBCUs). Since 1998, the foundation, chaired by nationally
syndicated radio personality Tom
Joyner, has raised more than $60
million to help keep students enrolled in black colleges,
has assisted more than 14,000 students and worked with more than
100 HBCUs. Throughout the week, the Foundation announces
scholarship winners on the nationally syndicated radio show hosted
by its founder, Tom Joyner. Each
week, separate financial awards are focused on students who are
single parents and distinguished male students at each 'School of
the Month'. The organization's largest annual fundraiser is its
"Fantastic Voyage"™, which is a seven-day, six-night cruise that
raises more than $1 million a
year.
SOURCE The Allstate Corporation