Scholarship News

Community College Students Need More Access to Federal Loans


October 9, 2009
by Scholarships.com Staff
Although community colleges nationwide have seen significant boosts in enrollment, a report released yesterday suggests many will be forced to put their educations on hold or find new sources of funding if their institutions continue blocking  access to federal student loans.

Although community colleges nationwide have seen significant boosts in enrollment, a report released yesterday suggests many will be forced to put their educations on hold or find new sources of funding if their institutions continue blocking access to federal student loans.

ADVERTISEMENT

The Project on Student Debt released the report, and despite their stance on promoting that students take on as low a student loan burden as possible, they say community college students are at risk for taking on riskier private student loans or watching their grades slip as they take on more work hours to cover gaps in funding because they aren't able to apply for and receive federal student loans. About one in 10 students in 31 states surveyed don't have access to federal student loans, and in some states, more than 20 percent of students can't get the federal loans. Minority students have less access to federal loans than other student groups, as the report found many minority students attending community colleges that don't participate in the federal student loan program.

Why have many community colleges moved away from offering federal student loans? In an uncertain economy, the answer is risk, according to the report. Defaults on student loans have begun to rise among not only community college students, but among all college students over the last few years. The report always says many community college administrators believe students shouldn't have to borrow to attend their schools. Tuition is lower, they say, and if students are saddled with large amounts of debt now, they could hurt their chances for qualifying for low interest rates and federal student loans if they were to transfer to a more expensive, four-year institution.

But some students do need the additional funding even at a low-cost option like a community college, especially in the current economic climate. According to survey results released by the National Council of State Directors of Community Colleges last month, about half of the nation's community colleges are expecting budget cuts and midyear reductions in their state appropriations. Many administrators in that survey also reported that stimulus money provided by the Obama administration went toward meeting existing budget deficits, and that they would be forced to raise tuition rates substantially despite record enrollments to make up for a lack of state funding. (The average tuition increase among community colleges is expected to be about 5 percent for the 2009-2010 academic year.)

While you should always exhaust your options with grants and scholarships first, student loans are often a necessary evil, and we have plenty of tips on how to go about applying for them and making sure you're getting the best rate possible. Never rely on credit cards to fund your education, or you'll run the risk of getting into more debt than you can handle not only post-graduation, but while you're still in school. Browse through our site for more information on your student loan options.

College is expensive. Scholarships.com has done the work for you. Pay for your college education with free college scholarship money. Get matched to college scholarships instantly and start applying today by conducting a free college scholarship search at Scholarships.com.

ADVERTISEMENT

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 
ADVERTISEMENT
ADVERTISEMENT
College is a big commitment and burnout is easy if you don’t pace yourself. That said, taking a semester off is a normal thing to do while pursuing your degree. Whether you need a quick break for personal reasons or exciting opportunities, like a once-in-a-lifetime trip or work experience, here’s what you need to know about your scholarship money before taking time off.

Will Taking a Semester Off Hurt My Scholarship Money?

August 5, 2022
by Ashley Eneriz
College is a big commitment and burnout is easy if you don’t pace yourself. That said, taking a semester off is a normal thing to do while pursuing your degree. Whether you need a quick break for
The Free Application for Federal Student Aid — more commonly known as FAFSA is the key to funding your college education. Not only can the FAFSA connect you to grants, scholarships, and work-study opportunities, but filling out the form is 
also the first step to applying for federal student loans. Even though filling out the FAFSA is simple and straightforward, several misconceptions still fly around it. Here are the top FAFSA myths you need to stop believing.

FAFSA Myths You Need to Stop Falling For

July 26, 2022
by Ashley Eneriz
The Free Application for Federal Student Aid — more commonly known as FAFSA is the key to funding your college education. Not only can the FAFSA connect you to grants, scholarships, and work-study
The new semester is just around the corner, which means it is time to start thinking about how you are going to afford the new school session. Student loans can be taken out any time of the year and are useful for paying for textbooks, special classes or summer terms and additional living expenses. Choosing the right student loan can help you reach your education and career goals while still keeping your finances balanced. Here’s what to look for before you take out a student loan this summer.

Which Student Loan Is Best for Me?

June 13, 2022
by Ashley Eneriz
The new semester is just around the corner, which means it is time to start thinking about how you are going to afford the new school session. Student loans can be taken out any time of the year and
As we celebrate Asian Pacific American Heritage Month, we reflect on the enormous contributions of Asian Americans and share their culturally rich history. Asian Americans and Pacific Islanders make up the fastest-growing racial group in the United States, with more than 23 million it total. However, API individuals, communities, and businesses have been disproportionately impacted by discrimination and criminal acts that have only been exacerbated by the pandemic in recent years. Now more than ever, we need to stand united as Americans against anti-Asian racism.

Asian Pacific American Heritage Month 2022 Scholarships

May 25, 2022
by Liz Montenegro
As we celebrate Asian Pacific American Heritage Month, we reflect on the enormous contributions of Asian Americans and share their culturally rich history. Asian Americans and Pacific Islanders make
The   Voyager Scholarship was implemented by the Obamas in partnership with Brian Chesky, Co-founder and CEO of Airbnb, who donated $100 million to this program. The mission of this scholarship is to help students pursue careers in public service and solve some of our world’s greatest challenges. The Voyager Scholarship provides students access to education and travel opportunities to help expand their horizons and bring about significant change. During this scholarship’s first year, and it is estimated that 100 college juniors will receive up to $50,000 to cover tution and educational expenses, plus up to $30,000 in international travel stipends and credits. Recipients have the option to renew as seniors.

The Obama-Chesky Voyager Scholarship for Public Service

May 18, 2022
by Liz Montenegro
The Voyager Scholarship was implemented by the Obamas in partnership with Brian Chesky, Co-founder and CEO of Airbnb, who donated $100 million to this program. The mission of this scholarship is to
Summer is a great time to experience new things outside of the hectic school year routine. For students who want to beef up their resume, make some money, and have a little fun along the way, working a summer job is a great option! A part-time job gives you the unique opportunity to gain real-world experience and begin forging your own career path. You’ll also get the chance to become a better communicator by working with a wide range of customers and co-workers from all walks of life. Explore which types of work environments you might enjoy with these top 4 summer jobs (and related scholarships)!

Top 4 Summer Jobs For High School Students

May 13, 2022
by Liz Montenegro
Summer is a great time to experience new things outside of the hectic school year routine. For students who want to beef up their resume, make some money, and have a little fun along the way, working
Applications are currently open for the Pacific Gas & Electric (PG&E) Corporation Foundation’s  Better Together STEM Scholarship! Ranging from $2,500 to $10,000, the program is available to students who are pursuing STEM-related careers at universities in California and Historically Black Colleges and Universities (HBCUs) in the U.S. Eligible applicants include graduating high school seniors, college students, veterans, nontraditional students, and adults returning to school and plan to enroll in a full-time undergraduate program at an accredited four-year college or university. Don’t delay, applications close on June 3, 2022 at 3:00 PM CT.

PG&E Better Together STEM Scholarship

May 11, 2022
by Liz Montenegro
Applications are currently open for the Pacific Gas & Electric (PG&E) Corporation Foundation’s Better Together STEM Scholarship! Ranging from $2,500 to $10,000, the program is available to students