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Families Disenchanted with Athletic Scholarships

Mar 14, 2008

by Scholarships.com Staff

Many talented high school athletes dream of playing at the college level, hopefully beyond it. When the select few receive a call about a team spot and a scholarship opportunity, most are ecstatic to find that their hard work and lengthy dedication has paid off.

Unfortunately, what initially appears to be a dream come true is not always the golden ticket families initially imagined. According to a recent article published in The New York Times, most athletic awards aren’t even close to covering the full costs of a college education. Excluding marketable sports such as basketball and football, athletic scholarships may total as little as $2,000.

Students who are invited to play at private colleges or universities which often cost as much or more than $30,000 per year will hardly be salvaged by such an award. Considering that such students have to juggle long practice hours with travel, classes and homework, they may be better off passing up low-paid team spots for additional study hours and outside scholarship opportunities.

Particularly troubling for families of college athletes is the fact that not all awards are renewable for four years.  Eligibility for N.C.A.A. scholarships is reevaluated annually, and college athletes are not guaranteed continued assistance. When this is the case, students may find themselves with little or no time for a job while attending a college they can no longer afford.

Fortunately for students who are not about to turn down an athletic offer due to funding shortages, N.C.A.A. scholarships are not the only available athletic scholarships. To find college scholarships and grants based on athletic abilities or additional criteria, students can conduct a free college scholarship search. One does not have to be an athletic star or class valedictorian to find award opportunities. Numerous scholarships, grants, fellowships and internships are available to students willing to conduct the search and put forth the application effort.

And don't forget, you should pay for your college education with as much free money as possible! Find as many scholarships and grants as you can before turning to student loans. Visit the Scholarships.com free college scholarship search today where you'll get matched with countless scholarships and grants for which you qualify, then apply and win! It’s that easy!

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College Costs in the US, Abroad

Mar 11, 2008

by Scholarships.com Staff

In February, attorney and father James Brady filed a lawsuit against Wheaton College for having charged the family a Wheaton-sized tuition bill during his daughter’s stay abroad. He estimated about $4,500 could have been saved had his daughter been billed for the cost of her South African university tuition. If European students heard the story, they too may have been upset—at the outrageous cost of a South African education.

It comes as no surprise that, even as the dollar weakens against its European counterparts, a college education is still most expensive in the United States. US students who study at four-year public colleges pay an average tuition of $6,185 per year; ones who study at private colleges pay $23,710. According to an article published by the Associated Press, book costs, room & board, living expenses and myriad university fees raise these numbers to $13,589 and $32,307 respectively.

While students abroad undoubtedly have problems of their own, paying for college is unlikely to top the charts. It’s still not uncommon for countries to provide a tuition-free education for all, with a reasonable length-of-study limit and minor fees. When you study in Brazil, Denmark, Finland, France, Greece, Norway or Sweden, you can breeze through school with bills that vary from small to nonexistent. In a number of more expensive areas, it may cost you a few thousand dollars. Even then, the government is likely to offer some sort of compensation grant.

US students don't leave their tuition problems behind after graduation. In fact, the problems often get worse. About two-thirds of students borrow to complete a college education. Those who borrow leave school with an average debt of about $19,000. Students who go to private schools and ones who stay for another degree are increasingly taking out student loans that exceed $100,000.

While it’s not unheard of for international students to borrow for an education, lower costs mean lower burdens. Oftentimes, income-contingent repayment plans and federal grants offered in exchange for good school performance are an option for struggling students. Comparable opportunities are few and far between for US students. Instead, many overwhelmed students return home again financially dependent on their parents.

That is not to say that tuition hasn't been growing elsewhere, with the United Kingdom being a prime example. In 1998, some college students in the UK were asked to pay for their education, a change that had students taking to the streets in protest.  For the 2007-2008 school year, the UK tuition cap was controversially increased to £3,070 ($6,155), a price that would still make private universities blush, one that would make James Brady rethink his lawsuit. 

Rising tuition may not be uncommon, but we have perfected the trend. Unfortunately, legislation cannot be willed into action. Until federal Pell Grants increase significantly and tuition costs drop dramatically, students can look to college scholarships and grants for assistance. By completing a free college scholarship search, students can find information about numerous awards they may be eligible to receive.

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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Eco-Friendly Scholarships

Mar 7, 2008

by Scholarships.com Staff

During the post-Inconvenient Truth months, I couldn't help but steadfastly pursue an eco-friendly lifestyle. Sure, I sporadically recycled before, but, regardless of attacks on film's accuracy, it made things happen for me. Thanks to a great deal of nagging and a plethora of guilt-tripping orations, I even convinced my mom to recycle--on occasion.

If you haven’t been swayed as of yet, here’s another good reason to go green: it pays. To encourage students to learn about the environment, alternative energy and about keeping the land and ecosystem safe, numerous scholarship providers have created eco-friendly scholarships. Check out the awards listed below for options you may benefit from, and conduct a free college scholarship search for additional information about college scholarships and grants.

The Vegetarian Resource Group Scholarship

Each year, the Vegetarian Resource Group gives away two $5,000 awards to students who promote vegetarianism in their schools and communities. Judges will look for essays that best demonstrate the student’s compassion, courage and commitment to promoting a peaceful world through vegetarianism. To be eligible, students must be high school seniors.

Beulah Frey Environmental Scholarship

Students residing in Allegheny, Armstrong, Butler, Beaver, Fayette, Washington and Westmoreland counties may be eligible to win scholarships from the Audubon Society of Western Pennsylvania (ASWP). High school student who plan to major in a subject that relates to the environment can win $1,000 by applying. 

Volo Bog Offers Scholarships

Two awards in the sum of $1,000 will be awarded to students interested in pursuing a career related to the environment. Applicants must be high school students with a minimum 3.0 GPA and must reside in select Illinois counties.

Action For Nature International Young Eco-Hero Awards

The Action for Nature International Young Eco-Hero Award was created for environmentally-aware students between the ages of 8 and 16. Young kids and teens who have taken action to protect the environment will be recognized for their efforts.

Ben Meadows Natural Resource Scholarship  To be eligible for the Ben Meadows Natural Resource Scholarship, students must be juniors or seniors working towards a bachelor’s degree in majors that include agro forestry, urban forestry, environmental studies, natural resource management, natural resource recreation, wildlife management, wood science, fisheries management and related subjects. Two scholarships in the sum of $2,500 each will be awarded.

Going to college doesn't have to break the bank or saddle you with tens of thousands of dollars in student loan debt. Check out the Scholarships.com free college scholarship search where you’ll discover you qualify for hundreds of thousands of dollars in scholarships in just a few minutes, then apply and win! It’s that easy!

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Stanford Announces Hike in Financial Aid, Tuition

Feb 21, 2008

by Scholarships.com Staff

The idea that Ivy League schools are reserved for the rich and the richer may soon be a thing of the past. In fact, after unveiling its latest financial aid package, Stanford will become one of the most affordable schools in the country.

According to The Stanford Daily, undergraduate students whose parents make less than $60,000 will soon be spared the tuition, the room & board and other educational expenses. Those whose parents make less than $100,000 will have to pay for the living expenses, but tuition will still be taken care of. As far as the rest are concerned, tuition will soon increase.

The price for a year at Stanford will jump to $47,212 during the 2008-2009 school year—a ludicrous amount for the average family. Thankfully, the average family does not have to worry about it.

However, families whose liquid funds are much smaller than their paychecks and graduate students who do not reap  the benefits of this news are less than thrilled. What seems like a large income on paper may not translate into spending money for a number of families affected by the tuition hike. Students whose parents have large mortgages or investments will have a difficult time setting aside money for the new cost of Stanford. The same is true for graduate students who don’t receive federal Pell Grants to begin with.

Still, Stanford is keeping those who need aid the most in mind, and that's the bottom line. Okay, okay, there is more to that bottom line. In recent months, a number of distinguished schools have announced large increases in financial aid, and Stanford must worry about keeping up with the Joneses. After Duke, the University of Pennsylvania, Tufts, HaverfordSwarthmore and Harvard each stated their intent to make schools more accessible to all, others colleges and universities have been struggling to keep up.

Of course, most students aren’t headed for the Ivy Leagues, and the above only constitute a small minority of all colleges and universities. For most students dealing with financial woes and fears of burdensome student loans, scholarships are still an option. By conducting a free college scholarship search at Scholarships.com, students can find the money they need to complete their education—regardless of the school they attend.

And don't forget, you should pay for your college education with as much free money as possible! Find as many scholarships and grants as you can before turning to student loans. Visit the Scholarships.com free college scholarship search today where you'll get matched with countless scholarships and grants for which you qualify, then apply and win! It’s that easy!

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Senate Committee Approves Bill to Boost Study-Abroad Funding

Feb 19, 2008

by Scholarships.com Staff

Despite investigations into shady business practices of study-abroad programs across the nation, Congress continues to support the idea of travel for college students. Last June, a bill to increase study-abroad funding was passed in the House, and a similar version was approved last week by the Senate Foreign Relations Committee.

The initial version of the Paul Simon Study Abroad Foundation bill was passed by the House in June, 2007 and introduced to the Senate by Senators Dick Durbin (D-IL) and Norm Coleman (R-MN). If passed, it would allow Congress to appropriate $80 million each year towards a foundation awarding financial aid to study-abroad students.

The bill would encourage one million students to study abroad, especially in non-traditional settings. According to Senator Durbin, the travel will, “allow students the opportunity to grow and gain skills to help our nation compete in the globalized world.”

Now that the bill has been approved by the Senate committee, it will move to the Senate floor for a full vote. Approval seems likely as positive feedback has been expressed by both parties.

The proposal is particularly aimed at assisting minority students with scholarships and grants. Senator Coleman stated that, “The goal of the Paul Simon Study Abroad Foundation Act is to make study abroad in high-quality programs in diverse locations around the world the routine, rather than the exception, for American college students.”

Over the past year, study abroad programs have received more publicity for their troubles than their benefits. Inquiries into the actions of program representatives who received free trips and money for meeting student traveler quotas have marred the image of numerous programs. If the appropriations are approved, increased financial accountability is likely.

Students interested in studying abroad need not wait until this bill clears both chambers. By completing a free college scholarship search, students can find information about numerous college scholarships and grants that can help them afford school. Both study-abroad scholarships and awards based on different criteria are available.

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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Michigan to Suspend Private Loans

Feb 14, 2008

by Scholarships.com Staff

In a bold move reflective of the volatile loan market, Michigan announced its decision to temporarily suspend the state-run Michigan Alternative Student Loan (MI-Loan) program. Alternative loans, otherwise known as private student loans, are often used by students to supplement federal Pell Grants and government loans.

Those who are ineligible for government aid or who don’t receive enough of it often look to alternative loans for additional funding assistance. According to the Associated Press, about 8,500 loans totaling $68 million were offered through the MI-Loan program last year.  As of Friday evening, these loans will no longer be available to students. 

In their notice, the Michigan Higher Education Student Loan Authority stated that “There is not sufficient available capital to continue making MI-Loans.” With student lenders facing the effects of a major mortgage crisis as well as subsidy cuts from the College Cost Reduction and Access Act, the pressure is on to make a profit. Numerous student lenders have already announced their plans to cut loan benefits and tighten eligibility requirements. Some have even closed their doors completely.

Michigan students eligible for MI-Loans (students attending Michigan colleges or universities) can still look to other lenders for assistance. In fact, JPMorgan Chase & Company is even decreasing their loan rates and fees. Once funding becomes available-- if funding becomes available--MI-Loans will again be an option.

To diminish their reliance on loans,  affected students can also apply for Michigan scholarships. By conducting a free college scholarship search at Scholarships.com, students from each state will have access to information about more than 2.7 million college scholarships and grants worth 19 billion.

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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Community Colleges Face Funding Problems

Feb 1, 2008

by Scholarships.com Staff

Complaints about skyrocketing tuitions at four-year colleges and universities have been reverberated around the nation for quite some time—especially within the past year. Less attention has been paid to the financial difficulties at community colleges.

Even though four-year schools offer less expensive classes, they also possess fewer funds to offer students additional help in affording an education. Many universities have alumni who donate thousands, sometimes millions to their beloved alma maters. Some have accumulated endowments in excess of $1 billion. Such is rarely the case for community colleges.

According to an article published by the Associated Press, the financing problem is further compounded by the fact that community colleges are in dire need of funding for graduation rate improvement. While few four-year colleges and universities can brag about the high number of students who receive diplomas after enrolling, especially as far as undergraduate programs are concerned, rates are particularly poor at community colleges. These schools enroll 6.6 million students who seek credits or degrees (and a few more million who don’t), but many students don't accomplish their graduation or transfer goals before leaving.

The results of a Cal State Sacramento Institute for Higher Education Leadership & Policy study that tracked 520,407 community college students over a six-year period showed that only 24 percent of those seeking to graduate or earn a degree were able to do so in six years.

Community colleges find themselves in a difficult situation because they need funds to get students in and ones to get them out, with a degree. These schools receive financial aid based on the student population, so they go out of their way to make enrollment easy. Once students are in, including ones with outside jobs and those who registered late, they have trouble completing their education.

Going to college doesn't have to break the bank or saddle you with tens of thousands of dollars in student loan debt. Check out the Scholarships.com free college scholarship search where you’ll discover you qualify for hundreds of thousands of dollars in scholarships in just a few minutes, then apply and win! It’s that easy!

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House Wants Textbook Prices Monitored

Jan 31, 2008

by Scholarships.com Staff

Each year, I heard complaints about the textbook policies of my old college economics teacher. He wrote the only textbook required for class and re-released it—in a nearly identical format—annually. As a result, previous students couldn’t make money by reselling their old books, and new students couldn’t buy used books at a discounted price.

If the House passes its proposed textbook bill, universities might be forced to curb this type of practice. The new bill would make it mandatory for colleges to release course supply information in catalogs thereby giving students the chance to consider class costs before signing up and the time to search for cheaper resources.

Publishers would also have to play a part in decreasing the supply prices. The bill proposed that publishers be forced to minimize textbook costs by cutting down on attached CDs and workbooks. They would also have to publicize the wholesale costs of books and to make known the previous versions costs. If the new versions were revised, the revisions would have to be summarized. With this information, students would be better equipped to decide whether a new textbook version was worth the price.

The book addendum, a part of the House’s new version of the Higher Education Act, was not a part of the corresponding version already approved by the Senate. If the House passes this bill, Senators will again have to approve the changes.

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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Lottery Scholarships

Jan 25, 2008

by Scholarships.com Staff

Your shot at winning the lottery is not particularly high, but playing is so easy that it’s simply irresistible. Though students should not hinge their entire financial futures on luck alone, lottery scholarships are a fun and easy way to supplement one's scholarship search. Plus, someone has to win. Maybe it'll be you. But before you go lottery crazy, familiarize yourself with the options, and get the facts on lottery scholarships and lottery-funded scholarships (there is a difference).

Lottery Scholarships: There are two kinds of lottery scholarships, ones that are state-sponsored and ones that are sponsored by outside providers, usually businesses. Company-funded lottery scholarships, also known as sweepstakes, pretty much embody what comes to mind when one hears the word “lottery”. Most people are eligible, and the application process is pretty easy; sometimes contact information is the only requirement. Unlike regular lotteries, you don’t have to pay to play. If paying is a requirement, don’t apply; more than enough charge-free awards are available. 

Once the entries are in and the lottery deadline passes, the sponsoring company will choose an applicant at random—think computer generations rather than spinning spheres with name ballots. If you’re wearing your lucky socks on selection day, you just might win.

Lottery-Funded Scholarships: Another type of lottery scholarship is the state-sponsored, lottery-funded one. These scholarship prizes are paid for by the big, jackpot of $50 million, kinds of lotteries. A number of states have adopted programs wherein a portion of the revenues received from lottery tickets are used for education programs (both scholarships and school contributions).  Not all states participate yet, but it’s quite possible that more will jump on the bandwagon. Tennessee, New Mexico, Maryland, Georgia, Florida, Louisiana, New York, South Carolina, Missouri and West Virginia are among those sponsoring lottery-funded scholarship programs.

State eligibility requirements for lottery-funded scholarships vary greatly from state to state, with some states having stricter regulations than others. Usually, students who apply for lottery-funded state scholarships must at the very least attend a high school and college within the state of the program.

Students who apply for certain lottery-funded scholarships must also meet or exceed a particular GPA or standardized test score before applying. For example, only students with a GPA of at least 2.75 may apply for the merit-based Florida Bright Futures Scholarship. 

Other states make financial need a requirement. This may partially ease the minds of people who have voiced concerns about lottery-funded scholarships taking from the poor and giving to the middle classes. According to professor of economics Mary O. Borg, a disproportionately large portion of lottery tickets are purchased by low-income customers. These winning are then redistributed largely to middle class students at the expense of the poor.

To find lottery and sweepstake scholarships you may be eligible to receive, conduct a free college scholarship search at Scholarships.com.  You can also check out our Scholarships.com "Tell A Friend" $1,000 Sweepstakes contest for a chance to win $1,000 towards your college education!

And don't forget, you should pay for your college education with as much free money as possible! Find as many scholarships and grants as you can before turning to student loans. Visit the Scholarships.com free college scholarship search today where you'll get matched with countless scholarships and grants for which you qualify, then apply and win! It’s that easy!

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FiSCA Scholarship

Jan 21, 2008

by Scholarships.com Staff

The Financial Service Centers of America, Inc. (FiSCA) is sponsoring a scholarship for high school seniors who are ready to head off to college—with money in their pockets. Since 1986, this organization has been representing financial service centers from around the country and helping them with the regulations and politics of financial aid.

FiSCA will award scholarships to at least two students from each of five geographic regions in the U.S. The essay requirement is pretty short and straightforward, 100 words max about a person or event that has influenced the student’s life. After completing the essay, students will need to fill out a two-page application and send in their transcript along with two letters of recommendation to the regional administrator. That’s it!

Prize:

1. At least ten grants of $2,000 or more.

Eligibility:

1. Applicants must be U.S. citizens, national residents or permanent residents. 2. Applicants must be high school seniors. 3. Applicants may not be children or grandchildren of FiSCA employees, officers or owners.

Deadline:

Applications must be postmarked by April 3, 2008

Required Material:

1. A completed application 2. An essay of no more than 100 words about a person or event that has influenced the student 3. A transcript that includes first-semester senior grades and test scores 4. Two letters of recommendation

Further details, including information about applying for the award and contacting the scholarship provider, can be found by conducting a free scholarship search. Once a student has completed the search, this scholarship will appear in their "My Scholarships" section--provided the student is eligible.

Going to college doesn't have to break the bank or saddle you with tens of thousands of dollars in student loan debt. Check out the Scholarships.com free college scholarship search where you’ll discover you qualify for hundreds of thousands of dollars in scholarships in just a few minutes, then apply and win! It’s that easy!

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Profitable College Endowments Expected to Fuel Spending Pressures

Jan 18, 2008

by Scholarships.com Staff

Tuition hikes and complaints about illegal behavior on the part of financial aid officials and student lenders have put the pressure on colleges to dip into their endowment funds. With new reports showing that endowment returns are on the rise, these pressures are likely to increase.

According to the Chronicle of Higher Education, a recently released statement by Commonfund, an endowment manager for more than 1,900 colleges and nonprofit organizations, has shown that returns were averaging 16.9 percent in 2007, up from 10.6 percent the previous year.

Unlike one-time student scholarships, endowments are used to annually award money to college students. These funds are kept intact by investing the original donation and using the returns to provide students with yearly scholarships.

News of funding bounty is likely to prompt legislators to put additional pressure on schools with large endowment funds. Wealthy colleges, some of which are said to have accumulated endowments in excess of $1 billion, are being criticized for keeping their money locked up during a time when student debt is at an all-time high.

The problem with spending more, argue schools, is a strict endowment use policy. Many scholarship providers donate money on the condition that it be used only to assist a designated group of students. For example, a donor may choose to set up an endowment for the sole purpose of helping female students who play croquet, major in English and have a GPA above 3.5 (okay, maybe that’s a bit of a stretch). Point being, schools are legally bound to award scholarships to students that meet particular requirements.

It's hard to argue with that, but perhaps legislators can do something about the whole "legally-bound" part.

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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