Scholarship News

Financial Aid Tied to Financial Literacy at Syracuse University


December 9, 2009
by Scholarships.com Staff
Grants are often viewed as no-strings-attached financial aid, but for students at Syracuse University, an unexpected grant comes with some required courses.  Students who receive the university's new Monetary Awareness Program grants will need to participate in a financial literacy program each semester until graduation.

Grants are often viewed as no-strings-attached financial aid, but for students at Syracuse University, an unexpected grant comes with some required courses. Students who receive the university's new Monetary Awareness Program grants will need to participate in a financial literacy program each semester until graduation.

ADVERTISEMENT

Syracuse is not alone in offering a new grant program for needy students, nor in placing emphasis on financial literacy. A number of schools have stepped up financial aid during the recession, and more colleges are also offering financial literacy programs. High school students in Allegany County, Maryland also have found themselves faced with mandatory financial education. However, Syracuse may be the first to link financial aid and financial literacy in this way.

Grant recipients are hand-picked by the Syracuse financial aid office, typically from students in their sophomore year or above who are on track to borrow significant amounts in federal and private loans to finance their college educations. Students selected for the program receive grants that average between $5,000 and $7,000 per year. The first year of the program awarded grants to 77 students.

Students are able to meet the financial-literacy requirement through a one-on-one meeting, a group session, or online counseling. Each semester's training covers a different topic, ranging from borrowing responsibly to budgeting to credit scores. They tend to focus on students' more immediate financial needs, helping them make wiser financial choices through college instead of focusing on events that might come further down the road, like buying a house.

The financial literacy sessions and the grant money have been well-received so far and seem to be making a difference for recipients. While students interviewed by The Chronicle of Higher Education are still taking on significant debt to pay for school, they are implementing knowledge and skills they've acquired from the Monetary Awareness Program to live more frugally, plan ahead, and minimize the debt they and their families take on.

Connect with our massive database of millions of college scholarships by conducting a free scholarship search at Scholarships.com. Scholarships.com offers the simplest way to search for, apply to, and win college scholarships.

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
It’s nearly mid-January already and by now you all should have completed the FAFSA and, if you are on top of things, be applying to scholarships on a daily or at least semi-weekly basis. Even if you haven’t started the scholarship application process yet, you still have a ton of opportunities ahead of you. We are in the heart of scholarship season, with the most scholarships coming online in January of any month in 2023. Below, we put together a list of five great examples of very significant scholarships ranging from ten grand all the way up to $40,000.

Top 5 Scholarships Worth $10K to $40K in January

January 12, 2023
by Kevin Ladd
It’s nearly mid-January already and by now you all should have completed the FAFSA and, if you are on top of things, be applying to scholarships on a daily or at least semi-weekly basis. Even if you
In just a few days, 2022 will be behind us and a new year begins. Will this be your year? One very productive way to spend the next several days of winter break would be to get a jump on upcoming scholarships and January 2023 has a LOT from which you may choose.

New Year, New Scholarships; January 2023 Edition

December 28, 2022
by Kevin Ladd
In just a few days, 2022 will be behind us and a new year begins. Will this be your year? One very productive way to spend the next several days of winter break would be to get a jump on upcoming
It is officially late-December; the end of the year, the conclusion of semester one and quarter two. Hanukkah is halfway over already with Christmas and New Year’s merely days away. Students and teachers are either on break or about to be and before you know it, we’ll be kicking off 2023!

Last Chance for These 2022 Scholarship Deadlines

December 21, 2022
by Kevin Ladd
It is officially late-December; the end of the year, the conclusion of semester one and quarter two. Hanukkah is halfway over already with Christmas and New Year’s merely days away. Students and
As the cost of college continues to rise every year, more and more students are looking for scholarships to bridge the gap. And as many of you may already be aware, applying for a scholarship can take a fair amount of time and effort on your part.

Amazon Future Engineer Scholarship

December 14, 2022
by Zina Kumok
As the cost of college continues to rise every year, more and more students are looking for scholarships to bridge the gap. And as many of you may already be aware, applying for a scholarship can
So many scholarships become available in December as the college application season winds down and students look for additional ways to finance their education. As the semester comes to an end and we look forward to winter break, there are going to be so many opportunities to help you take out the absolute minimum in student loans and find scholarships that not only help you pay for school, but also stand out as major accomplishments and indicators to colleges, grad schools and future employers. Applying for and winning scholarships tells all of the aforementioned that you are someone who is ambitious and proactive and always striving to better your situation.

Top 5 December Scholarships & More

December 7, 2022
by Kevin Ladd
So many scholarships become available in December as the college application season winds down and students look for additional ways to finance their education. As the semester comes to an end and we
Metallica, an extremely popular heavy metal band from the 80’s is recently enjoying new-found popularity and relevance with a new generation, thanks to the popular television show “Stranger Things”. Not only did they create the incredibly popular song “Enter Sandman” and “One”, they have also founded the Metallica Scholars Initiative. $100,000 in scholarships will be available for students studying in career programs through Metallica’s All Within My Hands Foundation (AWMH).

Metallica Foundation Offers Trades-Based Scholarships

November 30, 2022
by Kevin Ladd
Metallica, an extremely popular heavy metal band from the 80’s is recently enjoying new-found popularity and relevance with a new generation, thanks to the popular television show “Stranger Things”.
When it comes to financial aid, there are two types that tend to be seen as the most desirable: scholarships and grants. But while most people are familiar with scholarships, grants are less well understood.

Grants: the Other Way to Get Free College Money

November 22, 2022
by Zina Kumok
When it comes to financial aid, there are two types that tend to be seen as the most desirable: scholarships and grants. But while most people are familiar with scholarships, grants are less well