The LAKay Schmidt Young Economist Scholarship

Scholarship Description

The LaKay Schmidt Scholarship will provide $1,000 cash scholarship (in the form of a  check) to one Colorado high school junior or senior who has taken a high school economics class. Sponsoring teacher will receive an award of $250.

The recipient of this scholarship will be selected by a committee of economic and business professionals and will be judged on the applicant’s ability to demonstrate insight into an economic way of thinking.  Essays that convey a deep understanding of economic principles and that have a compelling personal voice have the greatest chance of selection.  Applicants must frame their essay in response to the prompt provided.

Essay Prompt

"What Economics Means to Me"

Essay Parameters

Essays must be between 500 – 700 words (minimum and maximum). Spelling and grammar matter.  In addition to the completed essay, each student must submit a one paragraph biography of approximately 75 words.

Entry Deadline

The essay submission deadline is March 29, 2019. The selected student must be able and willing to read his/her essay at an upcoming EconLitCo event in Denver or Colorado Springs (a travel stipend will be given to any student traveling more than 50 miles). The selected essay will be placed on website and could be released to local media and/or broader media. 

Who is LaKay Schmidt? 

LaKay "Kay" Schmidt holds the distinction of being a founder of Economic Literacy Colorado in 1971. She went on to become the initial Executive Director (1976 – 1994) and was a member of its Board of Directors (2000 – 2012). Few have a greater passion for economic education. Kay spent untold hours engaged in the challenging and creative work of finding first-rate economics professors and mentor teachers to teach Economic Literacy Colorado’s classes, as well as finding reliable financial supporters. Those endeavors served to lay the foundation for the organization’s success. Her contribution to economic education and her advocacy of a free enterprise system in the state of Colorado is inestimable. The Young Economist Scholarship has been created in honor of Kay’s contributions and her legacy.

Additional details

  • This contest is open to residents of Colorado who are in their junior or senior year of schooling at the time of the submission.

  • Winner will be asked to provide a social security number for income tax purposes.

  • The student must be enrolled in or have successfully completed a high school economics course.

  • A student applicant must have a teacher sponsor.

  • One application allowed per person. If it is determined that a person has entered with more than one identity, all of that person’s entries will be disqualified.

  • No prize will be awarded to an applicant who does not meet the eligibility requirements. All information on the application must be accurate and complete.

  • All work must be the original work of the applicant. Plagiarism in any form will result in disqualification.

  • The applicant with the winning entry will receive a cash scholarship of $1,000 in the form of a check. Where the winner is a minor, the scholarship check will be awarded to the winner’s parent or guardian, as custodian for the winner.

2019 Essay Contest Entry Form

Suggestion: paste your essay into field from a different application. Once pasted, please review the formatting of your essay (for example, paragraphing).
Your Teacher's Phone Contact *
Your Teacher's Phone Contact
Your Current Grade Level *