Full-tuition scholarships, half-tuition scholarships, and financial aid packages free of student loans continue to be unveiled at institutions across the country. While it may be too late for many students to alter their college application plans, if you are still looking for colleges for 2009, or if you happen to have applied to one of these schools, you may find the following information useful. This week, The Chronicle of Higher Education profiled several significant scholarship programs private, community, and state colleges are launching or expanding for incoming students in 2009.
Northern Illinois University recently announced the Huskie Advantage, a program that will ensure that all incoming freshmen eligible for Federal Pell Grants will receive enough financial aid to meet the full cost of tuition. Similarly, Montgomery County Community College in Pennsylvania is raising money to provide larger scholarships to students who receive a small Pell Grant or narrowly miss the cutoff for Pell eligibility.
The University of Pennsylvania will be eliminating student loans from the financial aid packages of all students this fall. It's the latest in a string of well-endowed private colleges to put forward generous institutional aid for its students. The Sage Colleges of New York are also following suit, promising to offer aid to meet new students' full financial need in the next academic year.
Two private colleges in Georgia and Minnesota aren't eliminating loans, but they are drastically reducing the cost of college for many applicants. Agnes Scott College in Georgia is offering scholarships and grants to nearly halve the cost of attendance for all recipients of the Georgia Hope Scholarship, as well as an additional $3,000 grant for first-year students. Saint Mary's University of Minnesota offers students with family incomes of under $100,000 financial aid packages that will reduce the cost of attendance to the average price of a Big Ten school. For the neediest 25 percent of students, St. Mary's will provide all of this aid institutionally, allowing students to use federal student financial aid to cover much of the rest of their college costs.