MENTOR, Ohio-A total of 45 area high school seniors have earned $50,000 in college scholarships in the annual Mad City Money Scholarship competition co-hosted by Mentor-based Cardinal Credit Union. From March 12 to April 17, five area high schools — Notre Dame-Cathedral Latin, Lake Catholic, Eastlake North, Mentor and Willoughby South each co-hosted a simulated game of life along with Cardinal Credit Union.
The financial literacy competition awarded $50,000 in scholarships to 45 students, with 15 teams of three representing first, second, and third place. Lake Catholic had the highest participation rate, with 80% of its senior class and 85 students involved, while Mentor had the most teams and students, with 30 teams and 90 students.
Winners were selected based on their ability to maintain an average balance of $100 per team and submit their competition packages on time, with Cardinal employees reviewing and scoring based on math and budgeting skills. First-place winners received up to $1,500 per team member, second place received $1,000 each, and third place received $800 each.
High school seniors earn $50,000 in scholarships during Mad City Money competition
