AOC Rainbow Scholarship

Women, people of color, and members of the LGBT+ community have to work extra hard to gain the same levels of success as other individuals. We take financial independence seriously, knowing that it has the power to help people overcome complex social and economic barriers. To this end, we have created The All Options Considered Rainbow Scholarship for individuals that we believe deserve our support in their efforts towards financial independence.

We are excited to announce our first opportunity to deploy the AOC Rainbow Scholarship. All Options Considered has partnered with The Debt Free Guys™ to provide LGBT+ community members unique opportunities and access to financial education tools.

A Note from John and David, the Debt Free Guys™

It’s time to pay off your credit card debt for good and start living the life you’ve always wanted! Because we know what it’s like to be in debt (we had a massive $51,000 in credit card debt), we want to help people become financially free, too.

We’ve seen first-hand the feelings of hopelessness, fear, anxiety and pain that come with struggling financially. You don’t have to live like that. We created a system for ourselves that allowed us to pay off all that credit card debt in less than three years.

Our Credit Card Pay Off Plan helped people pay off over $150,000 in credit card debt in 2019. The Debt Lasso Method is our exclusive system for paying off credit card debt the fastest way possible – yes, faster than either the Snowball or the Avalanche methods. Not only that, but it’ll also save you more money in the long-term and it will improve your credit score.

A Note from Ali and Alison of All Options Considered

Once you are deep into credit card debt, the idea of paying for a course in debt reduction can be intimidating or just too costly. But we believe in the Debt Free Guys™ and the credit card pay off course they created. We want to make sure it’s accessible for the members of the LGBT+ community who need it most.

Earning a scholarship to help you start working towards eliminating debt can also help you work towards financial independence and mitigate some of your concerns. The Debt Free Guys™ Credit Card Pay Off Plan normally costs $97 per person. With the AOC Rainbow Scholarship you can take the course for free.

In addition to scholarships, winners are eligible to receive a session of mentoring and coaching from All Options Considered to discuss setting goals and planning for financial independence.

The All Options Considered Rainbow Scholarship

We established the AOC Rainbow Scholarship to encourage and support members of the LGBT+ community in the pursuit of financial independence. LGBT+ people face a variety of financial obstacles, and often have less support from their families and more demands on their expenses. The AOC Rainbow Scholarship was designed to help remove some of those financial obstacles. Scholarships are paid directly to the program organizers and applied toward the cost of enrollment in the Credit Card Pay Off Plan course.

Who is Eligible to Apply for a Scholarship?

Applicants must:

  • Identify as LGBT+.
  • Be experiencing financial challenges due to credit card debt.
  • Be looking for support and resources for paying off credit card debt.
  • Have a paying job.
  • Intend to enroll in the Queer Money® Makeover program’s Credit Card Pay Off Plan, and be committed to completing the program and paying off credit card debt.

What is Required from Applicants?

  • An essay describing the financial disadvantages and challenges you have faced as a member of the LGBT+ community.
  • Description of the causes and challenges of living with your credit card debt.
  • State the financial goals that you are committed to overcoming.
  • Include any other information relating to your debt that you would like to provide.

Please note that applicants do not need to include any information they feel unsafe sharing.

How to Apply

Applicants must submit an essay of at least 500 words but no more than 1,500 words. The essay must be written by the applicant and focused on explaining the financial difficulties and adversity you have experienced. Please also feel free to include any other information you think is relevant. We respect whatever you have experienced in your life to get to where you are today. And we want to support your continued financial education and improvement in your life, so you can continue to create your own future full of rainbows.

Submit your essay by email to david.auten@debtfreeguys.com. Include your full name, email address, and a contact phone number. For any questions or concerns about the application process, please also email David at the address above.

We look forward to receiving your email submissions!

Important Dates to Remember

Our scholarship program is designed to coincide with National Coming Out Day and LGBTQ History Month. We want to encourage people to Come Out About Your Money! Here are the important dates to remember:

  • SEPTEMBER 1: Scholarship Application period opens.
  • SEPTEMBER 31: Application period closes at 11:59pm PST.
  • OCTOBER 1-10: Application review period.
  • OCTOBER 11: Scholarship winners notified.