Wednesday, August 24, 2011

Allstate, Tom Joyner Foundation Unite to Fight A Trend


Runaway College Costs Forcing Students to Drop Out; Third annual Allstate Quotes for Education program seeks to double fundraising to $200,000

NORTHBROOK, Ill., August 15, 2011 – 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.

For students from families of limited means, earning a college education is an uphill battle. Consider these facts:

  • After exhausting all types 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. (NAFSFAA, "Measuring Up, 2008,"  National Center for Public Policy and Higher Education, 2008)
“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.”

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
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.