Global economic downturn has caused increased competition for limited job opportunities in the workforce. Many low-income workers are at a disadvantage due to lack of education and skills necessary to be competitive in the private and public sector. Many public schools fall short of providing quality education that prepares students to successfully enter the workforce. The combination of poor education and increased cost of living makes it particularly challenging for children in developing countries to achieve academic excellence and accomplish career goals. Therefore, it is of great importance to invest in education as it provides the foundation for social, economic, professional and personal growth and stability. Education is undoubtedly the cornerstone of a better future for the individual and families.
Creating academic scholarships motivates students to exceed
expectations and become high academic achievers. Education fueled by
merit also brings a strong sense of leadership and self-confidence to
the lives of students who lack the extracurricular activities to acquire
leadership skills. Additionally, this type of academic opportunity
helps reduce the economic burden that quality education brings to
parents who usually hold two and three jobs to make ends meet.