January 18, 2008
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.
December 19, 2007
The whole “college graduates earn $1 million more than non graduates over their lifetime” stat is getting a bit trite. I’ll give you a few more if you’re not convinced that college is a worthwhile investment.
College graduates enjoy greater career security
College graduates can offer their children a more secure financial future
College graduates are healthier
College graduates are more likely to contribute to society
Anyway, you get the picture. The problem isn’t that the whole “follow your dreams” thing makes no sense. The problem is affording those dreams and affording the time and preparation it takes to follow them. Most of us don’t make enough money to loll around devoting our days to perfecting our sculpting skills and sharpening our 3 point shots. Even those with less risky dreams can’t always afford to test the waters, especially if the schooling required to get those jobs is too expensive and time consuming. That’s why so many students find themselves having to compromise their initial career goals after realizing their dream jobs won’t allow them to pay off student loans. Let’s just say that the need for qualified teachers isn’t caused by a disinterested public.
Sorry, I didn’t mean to be gloomy. I swear there’s a silver lining. Financial aid in the form of government grants and outside scholarships is readily available to students in difficult situations. Without a cloud of college debt hanging over your head, “The Road Not Taken” may suddenly become an option. The financial aid information found at Scholarships.com will help you familiarize yourself with the FAFSA, government grants, corporate scholarships, private scholarships, the ins and outs of student loans and myriad other financial aid opportunities. Whether you’re interested in preliminary information or ready to get down to business by finding scholarships, we can help you do it.
If you’re not convinced, you can take a tour of our site. Visit our homepage, and take a sort of “Tour de Scholarships.com” if you will. We can help you see how conducting a free college scholarship search will help you find scholarships and grants that, based on the information you provide, you're eligible to receive. Find New York scholarships, scholarships for graduate students, scholarships for minorities, poetry scholarships, music scholarships—you name it, we’ve got it. With information about more than 2.7 million scholarships and grants, Scholarships.com offers more than you’ll know what to do with. If you’re not convinced yet, just take the tour. Like the search, it’s free. You’ve got nothing to lose, and a world of financial aid opportunities to gain.
January 25, 2008
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!
February 11, 2008
Do you like chicken? Are you a high school senior? Then don’t waste another moment; apply for the Kentucky Fried Chicken (KFC) Colonel Scholarship today! Don’t worry vegetarians; you can still apply. The KFC Colonel doesn't discriminate against taste buds (though mentioning your love for KFC delicacies can’t hurt your application).
To assist high school seniors with financial need and an entrepreneurial drive, KFC is offering numerous college scholarships. Selected seniors may receive up to $20,000 for their college education. If you’re interested, you better hurry: the deadline is right around the corner.
1. More than 50 scholarships worth up to $20,000
1. Applicant must be a High School Senior
February 13, 2008
Whoever said it’s a dog eat dog world must not have met the Westminister Kennel Club Dog Show bunch. As the well-behaved dogs trotted across the stage in perfect sync with their owners, it’s a wonder the negative phrase was ever associated with pups.
At the end, the multicolored beagle named Uno managed to take home the prize for this year’s Best in Show. Standing only 15 inches high, Uno rose to the occasion and proceeded to be the first of his breed to win the title since 1939. As I watched last night’s event next to my dog, I increasingly questioned my pet's behavior. Is alternately biting each leg, the tail and my pillows really satisfying?
Obviously, not all dogs can strut the runway, but that doesn’t stop owners across the nation from falling in love with them. Not only are dogs a man’s (and woman’s) best friend, but they can now help you pay for college. If you’re a lover of dogs, check out the scholarships below for some financial aid options. For additional scholarship opportunities, you may conduct a free college scholarship search at Scholarships.com.
Florida Institute of Animal Arts Scholarship
This $5,000 scholarship can help students interested in attending the Florida Institute of Animal Arts in completing their education. If you want to learn a thing or two about dog grooming, check this school out.
Dog Writers Association of America
The Dog Writers Association of America (DWAA) is sponsoring a junior’s essay scholarship award for students between the ages of 18 and 22. By writing about their experiences with dogs, students can win a $500 to $1,000 scholarship.
The Psychiatric Service Dogs (PSD) Scholarship
Low income individuals with disabilities can use this scholarship to acquire and train an assistant dog. Awards are largely based on financial need.
American Kennel Club Veterinary Student Scholarship
The American Kennel Club currently offers $145,000 in scholarships to eligible veterinary school students each year. Applicants are judged on academic achievement, need and activities with purebred dogs or related research.
June 2, 2008
June 9, 2008
June 11, 2008
Affording a college education is becoming increasingly difficult, but help is available. Students who demonstrate financial need can look to numerous sources for assistance in paying for tuition and living expenses. Even those who do not demonstrate exceptional merit can qualify. Below is a list of financial aid resources students may be eligible to receive based on financial need. Additional need-based awards may be found by conducting a free college scholarship search.
Federal Grants The Federal Student Aid office oversees programs that comprise the nation’s largest source of student aid. Each year, billions in aid are awarded to college students across the country. The best of these, federal grants, do not have to be repaid. Students can look to federally-run need-based grants such as the Pell and the FSEOG to help pay for college expenses. Grants that are based on both merit and financial need—the SMART and the Academic Competitiveness Grant—are also a good option.
Federal LoansThough less attractive than grants, federal loans tend to have lower interest rates and better, more flexible, repayment options than private loans. This holds particularly true for need-based subsidized Stafford Loans and need-based Perkins Loans. Students interested in taking out a federal loan will first have to submit a FAFSA.
Sallie Mae Scholarships The Sallie Mae Fund is one of the largest sources of non-federal college aid. All awards offered by the organization have a need-based component. Since 2001, the Sallie Mae Fund has given away $12.7 million in scholarships to more than 5,000 college students.
College Scholarships Students may be eligible for need-based aid offered by their college or university. Elite colleges such as Harvard, Northwestern and Stanford have been particularly gracious with their awards—Harvard students whose parents make less than $60,00 do not have to pay for tuition, room and board or expenses—but others are following in their footsteps.
June 16, 2008
As a means of promoting diversity and developing talent, Scholarships.com has created a new set of scholarships for high school students and undergraduate students. The “Fund Your Future” Area of Study College Scholarship consists of thirteen $1,000 prizes to be granted to students who pursue a postsecondary education in one of thirteen designated fields and 185 related majors.
Among them is the Scholarships.com Engineering Scholarship, an award for students who plan to or are already majoring in engineering and related areas of study. To ensure that current and future engineering students receive the funds they need to afford a quality education, we have created a scholarship especially for them.
If you’re interested in applying for the Scholarships.com College Engineering Scholarship, respond to the following question in 250 to 350 words (entries that fall outside of this word range will be disqualified):
“What has influenced your decision to pursue a career in engineering?”
1. Applicant must be a registered Scholarships.com user. Creating an account is simple and free of charge. 2. Applicant must be a US citizen 3. Applicant must be undergraduate student or a high school senior who plans to enroll in a college or university in the coming fall 4. Applicant must have indicated an interest in one of the following majors:
• Chemical Engineering • Civil Engineering • Concrete Engineering • Electrical Engineering • Engineering • Engineering Management • Environmental Engineering • Fire Protection Engineering • Mechanical Engineering • Mining Engineering • Railway Engineering
September 30, 2008
A 250 to 350 word response to the following question: “What has influenced your decision to pursue a career in engineering?”
Further details about the application process can be found by conducting a free college scholarship search. Once the search is completed, students eligible for the award will find it in their scholarship list.
June 23, 2008
The True Patriot Network, publisher of “The True Patriot" pamphlet, is awarding a college scholarship to students who write the best response to the question, "What does true patriotism mean to you?" The providers of this award are dedicated to instilling in current politics the founding moral framework of America—regardless of party association---and hope to increase student involvement in politics. High school students interested in furthering their knowledge of the government, and in applying for this essay scholarship, may be eligible to win $25,000 for their postsecondary education.
1. Applicant must be a high school student. 2. Applicant must be residing in the US. 3. Applications must be submitted in MS Word, in 12 point type, and must be double spaced. 4. Each essay page must include a name, title and contact information.
September 1, 2008
1. An essay of no more than 1500 words answering the question, “What does true patriotism mean to you?”
Further details about the application process can be found by conducting a free college scholarship search. Once the search is completed, students eligible for the award will find it in their scholarship search results.
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