Wilton student awarded CHET scholarship

State Senator Toni Boucher (R-26) congratulated Joseph Fraccaroli of Wilton, among high school seniors from the 26th district, for winning CHET Advance Scholarships from the Connecticut Treasurer’s Office.

The Treasurer held random drawings totaling $500,000 to provide up to 200 Connecticut high school seniors with a $2,500 scholarship for college expenses.

“The cost of going to college has nearly become out of reach for the average student,” Ms. Boucher said. “I am happy to see young people from our community receive this much-needed help in paying for higher education,”

A recent 2013 study by Sallie Mae, How America Pays for College, found that more families are eliminating colleges their children were considering as too expensive.

Nearly 70% of families dropped schools from consideration because of costs at some point during the application process, according to the report, as compared with 58% who did so in 2008, when the study was first issued.

CHET Advance is administered under the banner of the Connecticut Higher Education Trust, Connecticut’s 529 college savings plan.

Students must begin college no later than September 2015, and use the full $2,500 scholarship by June 30, 2016. Scholarship awards will be paid directly to students’ colleges starting in the fall of 2014.

Information: 800-618-3404.