The Federal Reserve Bank of Chicago is looking for the next Money Smart Kid in preparation for Chicago's Money Smart Week April 21-28.
The fifth- through eighth-grader selected is awarded a $5,000 scholarship from BMO Harris Bank and spends the year as Chicago's financial literacy ambassador.
Two $2,500 scholarships will be awarded to the runners-up.
This year's 300-word essay question focuses on when is it wise to borrow money and when is it not.
Essays and the application must be postmarked or emailed by March 23.
For details, click here to download the pdf.