Best Resale-Clothing Store - 2000
Readers' Choice: Missouri Goodwill Industries/Scholarshop (Tie)
The only thing wrong with the Scholarshop is the parking. It's hard to find a place to leave your car. But it's worth the hassle. The secondhand clothes, of good quality are reasonably priced; there's a wide selection; the shop is centrally located; and, best of all, it's a worthy cause. The money raised goes to the Scholarship Foundation of St. Louis, which lends money to students of all ages to help them pay for college. The main benefit is that the loans are interest-free, so there's no piling up of interest vs. principal. After students end their schooling, they pay back exactly what they borrowed. To borrow money, students don't have to be geniuses, have stellar grades or be destitute. They have to show financial need, but most students can do that. Each year the Scholarship Foundation lends out about $2.2 million, with the average loan being $3,000. The most anyone can borrow in any school year is $4,500, and the total loan per person cannot exceed $25,000. The Foundation has a 98 percent repayment rate and a growing trend of early repayment. To shop, stop by from 10 a.m.-7 p.m. Monday-Thursday and 10 a.m.-5 p.m. Friday and Saturday. The cause is just and the clothes are spiffy.