News Articles About Izzy Hall

Risks of Over-Borrowing on Student Loans


June 24, 2021 2:08 PM
by Izzy Hall
College is expensive. That’s why a majority of college students take out student loans. Nearly 70% of the Class of 2019 took out student loans and graduated with almost $30,000 in debt. It’s a frightening statistic, and it’s part of why Scholarships.com exists to help students discover scholarships to pay for college. In general, scholarships do not entirely replace the need to take out loans. Responsibly borrowing for college can be a worthwhile investment, but for students and their families take out an abundance of student loans, the results can be frustrating – saddled with debt that’s increasingly harder and harder to pay off.

College is expensive. That’s why a majority of college students take out student loans. Nearly 70% of the Class of 2019 took out student loans and graduated with almost $30,000 in debt. It’s a frightening statistic, and it’s part of why Scholarships.com exists to help students discover scholarships to pay for college. In general, scholarships do not entirely replace the need to take out loans. Responsibly borrowing for college can be a worthwhile investment, but for students and their families take out an abundance of student loans, the results can be frustrating – saddled with debt that’s increasingly harder and harder to pay off.

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Middle-class families are most at risk of what’s known as “over-borrowing” on student loans. They may not know where to find scholarship opportunities or may only know of those for low-income students, like the federal Pell Grant. They’re more likely to take on riskier loans with higher interest rates. The end result is a large amount of student debt that will be both students’ and their parents’ responsibilities to repay.

Luckily, Scholarships.com makes it easy and simple to discover scholarships to help pay for college. By searching for and applying to scholarships, students could save real money on college costs without having to pay the funds back. Both they and their parents can reduce their amount of student loans taken on, which will decrease student debt once the student has graduated.

Scholarship providers are hoping to send motivated and talented students to college with generous scholarships. By using Scholarships.com’s free scholarship search, students will be matched instantly to great scholarship opportunities that fit their unique profiles.

No matter the financial background, all students can benefit from applying to scholarships. Every penny saved on college costs means an easier time post-graduation for students and their families. Try a free scholarship search today and start your college financial journey off right!

Get instantly matched to scholarships that meet your skillset, strengths and unique talents. Our search algorithms match you to scholarships that fit your profile. Access a complete list of college scholarships now by conducting a free college scholarship search at Scholarships.com.

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Juneteenth is an annual holiday celebrating the emancipation of slaves in the U.S. Though it commemorates a day in the 19th century – June 19th, 1865, when southern slaves first learned of their emancipation – it is in 2021 that the holiday is getting official recognition. President Biden is expected to sign a bill passed by the House making Juneteenth a national holiday. It will be the first new national holiday since MLK Day was created in 1983. To commemorate Juneteenth, Scholarships.com has 8 scholarships opportunities for Black students to apply to in 2021 and early 2022. Be sure to try a free scholarship search to discover even more opportunities for student of color to win free money towards college costs!

8 African-American Scholarships to Celebrate Juneteenth

June 17, 2021 1:49 PM
by Izzy Hall
Juneteenth is an annual holiday celebrating the emancipation of slaves in the U.S. Though it commemorates a day in the 19th century – June 19th, 1865, when southern slaves first learned of their
Summer is in full swing! Students have left their classrooms and homework behind them to enjoy summer break. But don’t forget about school just yet. Summer is a great time to search for and apply to scholarships, especially if you’re a rising high school senior.

Enter Scholarships.com’s $2,000 4th of July Scholarship

June 10, 2021 3:53 PM
by Izzy Hall
Summer is in full swing! Students have left their classrooms and homework behind them to enjoy summer break. But don’t forget about school just yet. Summer is a great time to search for and apply to
Black communities in the U.S. were among the hardest hit by the coronavirus. Infection rates and financial losses were on average were higher in Black communities compared to white communities. Black students take on more student debt than their white peers, and are more likely to struggle to pay their debt off. To give their outgoing and incoming students a leg up financially, some Historically Black Colleges and Universities (HBCUs) have announced student debt forgiveness for their graduating classes and lowered tuition for students enrolling Fall 2021.

HBCUs Forgiving Student Debt and Lowering Tuition

June 8, 2021 11:45 AM
by Izzy Hall
Black communities in the U.S. were among the hardest hit by the coronavirus. Infection rates and financial losses were on average were higher in Black communities compared to white communities. Black
Last month, the FDA authorized COVID-19 vaccines for 12 to 15-year-olds. Previously, you had to be at least 16 years of age to receive any of the three approved COVID vaccines. Now, all high school-aged students can get vaccinated, and New York state has an interesting idea to incentivize getting a vaccine – offering students a scholarship lottery.

NY Students Have a Shot at This Scholarship

June 3, 2021 11:42 AM
by Izzy Hall
Last month, the FDA authorized COVID-19 vaccines for 12 to 15-year-olds. Previously, you had to be at least 16 years of age to receive any of the three approved COVID vaccines. Now, all high
College seems to get more expensive every year, and private, non-profit schools generally have higher sticker prices on their tuition than publicly-owned colleges and universities. But behind the scenes, private colleges are offering their incoming students higher and higher tuition discounts. In the 2020-2021 school year, tuition discounts at private colleges reached an all-time high as schools tried new ways to attract students to enroll during the pandemic.

Private College Tuition Discounts Hit Record High

May 25, 2021 11:32 AM
by Izzy Hall
College seems to get more expensive every year, and private, non-profit schools generally have higher sticker prices on their tuition than publicly-owned colleges and universities. But behind the
Earlier this week the University of California system agreed to remove SAT and ACT test scores entirely from their admissions and financial aid process. This decision is the result of a court case that the UC schools lost and will affect all nine UC campuses across the state of California.

No More SAT or ACT at University of California Schools

May 20, 2021 10:50 AM
by Izzy Hall
Earlier this week the University of California system agreed to remove SAT and ACT test scores entirely from their admissions and financial aid process. This decision is the result of a court case
President Biden and Congress are debating on cancelling thousands of dollars in student loan debt. As that discussion continues to unfold, it’s worth noting that since the start of the coronavirus pandemic, student borrowers have collectively saved over $90 billion dollars in federal student loan debt.

Student Borrowers Have Saved Billions During Pandemic

May 6, 2021 9:56 AM
by Izzy Hall
President Biden and Congress are debating on cancelling thousands of dollars in student loan debt. As that discussion continues to unfold, it’s worth noting that since the start of the coronavirus