Scholarship News

The Deal with Debt


Who Owes What, Where and Why

October 22, 2010
by Alexis Mattera
$24,000. To a recent graduate, that five-figure number could be 1. their starting salary at their first entry-level job or 2. the amount of student loan debt they have accrued while in school.

$24,000. To a recent graduate, that five-figure number could be 1. their starting salary at their first entry-level job or 2. the amount of student loan debt they have accrued while in school.

ADVERTISEMENT

We’re going to talk about the second choice this morning, as a study by Peterson’s and the Project on Student Debt just revealed it was the average amount owed by graduates of the class of 2009. The study broke down debt levels by state and school (D.C. graduates had the highest while Utah students had the lowest) but did not include debt levels for graduates of for-profit schools because of a lack of data.

Arriving at these tallies didn’t come easy for the Project on Student Debt, which adjusted the averages initially recorded by Peterson’s ($22,500 and 58 percent of students who borrowed) because it felt they were too low when compared to the statistics recorded last year by the National Post Secondary Student Aid Study ($22,750 and 65 percent).

You may be one of the lucky students who scored enough scholarships and grants to have a degree in hand and no debt in sight or you may be flipping couch cushions in search of change to put toward your next payment but what do you think of these findings? A college degree certainly doesn’t come cheap these days!

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
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