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Study scholarship as a way to financial wisdom

03.11.2015

In 2015 SEB Charity Fund issued 150 study scholarships to young people who do not have the support of a regular family, meaning that they live in a substitute home, are under the custody of a relative, or in a guardian family. The scholarship helps them to prepare for independent living, which is usually a big challenge for children from high-risk families.

On Sunday, 1 November the recipients of the study scholarship participated in a career day, where the twin actors Märt and Priit Pius talked about their journey of realising their dream. Financial advice was provided by Triin Messimas, Member of the Management Board of SEB Elu- ja Pensionikindlustus, and career advice by Annika Räim, human resources manager of Creative Union. Triin Siiner, Mari Lipp and Priit Ahte from Luguteater helped to make sense of how relationships can help one in finding their true path. Birgy Lorenz, a doctoral student at Tallinn University and member of the “Wisely on the Internet” work group, explained how to navigate the internet wisely.

According to the project manager Merike Villard, in 2015 the fund will allocate scholarships in the total sum of 50,000 euros. “For kids in substitute care, budgeting often does not go beyond their 8–10 euros of allowance. While children in regular homes can become independent gradually and learn from their mistakes, children under the custody of the state need to become adults at the date they reach adult age or finish school, from which they are on their own financially. In order to prepare the kids for independent living, the fund issues study scholarships twice a year to provide some additional financial security for the young people while they are studying and experience of how to make purposeful use of their income,” explained Villard.

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