College Bound Simulation


       Marcia logged on to this website one day and discovered the College Bound Program. She paid the application fee, applied to our College Bound Program, and named her son as the beneficiary of a possible $2000 Chimorel Scholarship.

       Her son did not receive the scholarship (only one of 25 applicants will), but the additional services received paid the entire cost of her son’s $60,000 education. Here’s what could happen:

       First: We helped the son determine a specific career choice. Then we helped him get a job to pay $5000/yr of the cost. Second: The job paid $3000/yr of his tuition and fees. Third: We helped him apply for approximately 200 scholarships, grants and loans. The loans amounted to $5500/yr. The son received three scholarships worth about $2500/yr. Fourth: Through Chimorel’s Guaranteed Scholarship Program, Marcia and her son received an additional $4000 each year for four years.

       The tuition was $60,000 for four years. A total of $80,000 was developed to pay all his college expenses. $38,000 came from scholarships and tuition payments by his work. Marcia helped with some books and the initial fees. The remainder of the son’s college expenses were covered by loans and her son’s work.

       The work experience helped the son find summer intern experiences at higher pay in his career area. On graduation the son started at a higher level because of the infield experience, which made repaying the loans easier.

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© The Chimorel Group 2005