Promo, a Santa Monica based coupon site which works with thousands of retailers to save consumers money on everyday items, has announced the launch of the $5,000 Cost-Conscious Student Scholarship. As 70% of college students today are graduating with an average of over $37,000 in student loan debt, it’s more important than ever to save for the future and pave the road for financial independence. was built on the foundation of saving people money and spending less on everyday items. It is with that same background for making financial decisions that prompted to launch the $5,000 Cost-Conscious Student Scholarship to help one student minimize their college debt and set themselves up for financial success. will be awarding $5,000 to the college student who best demonstrates a keen financial sense and thrifty mentality. Student applicants are asked to submit a 2-3-minute video that answers the question; What have you done to save for your future? 

To be eligible, the student in question must be a U.S. Citizen or permanent resident, at least 18 years old and currently attending or enrolled college at an accredited 2 or 4-year college or university in the United States. Each applicant is allowed only one entry and entries must be submitted by August 31st, 2018, 11:59 p.m. PST. 

Current college or university enrolled U.S. students are invited to submit their video highlighting their money-saving mindset and showcasing their creativity and storytelling ability. Entries will be evaluated based on content, creativity, originality and ability to effectively communicate. One lucky winner will be selected and announced during the month of September 2018.