News Articles About College And The Economy

While it may be grabbing most of the headlines, the federal Cash for Clunkers program is not the only government grant program to run out of money well ahead of schedule this year.  The state funding allocated to Illinois Monetary Awards Program (MAP) grants, college financial aid awards for needy students, was slashed during state budget cuts this year. As a result, awards have been cut in half for all students and have been denied outright to over 130,000 students who applied after May 15, a significantly earlier cutoff date than previous years.

Illinois Cuts College Grants for 130,000 Students

July 31, 2009
by Scholarships.com Staff
While it may be grabbing most of the headlines, the federal "Cash for Clunkers" program is not the only government grant program to run out of money well ahead of schedule this year.  The state
When choosing a college, a number of factors come into play, but for students applying for admission in the middle of a recession, expected salaries undoubtedly play a major role. The website Payscale.com recently published a list of both starting and mid-career salaries, as reported by users of the site, broken down by both college and major. The New York Times Economix blog provides a useful breakdown of this information, which may come in handy for students beginning the college search process.

New Report on Highest-Paying Colleges and Majors

July 21, 2009
by Scholarships.com Staff
When choosing a college, a number of factors come into play, but for students applying for admission in the middle of a recession, expected salaries undoubtedly play a major role. The website
Earlier this week, U.S. Bank announced that it would cease to act as a lender for Stafford Loans issued through the Federal Family Education Loan Program. U.S. Bank was the sixth largest participant in FFELP as of 2008, according to the Student Lending Analytics Blog, yet this news has caused barely a ripple.

U.S. Bank Exits FFELP

July 10, 2009
by Scholarships.com Staff
Earlier this week, U.S. Bank announced that it would cease to act as a lender for Stafford Loans issued through the Federal Family Education Loan Program. U.S. Bank was the sixth largest participant
Congress has passed and President Obama has signed a bill that provides technical corrections to the Higher Education Act, which Congress renewed last year. In addition to offering clarification on several points and correcting minor errors, the Technical Corrections bill also makes some useful changes to federal student financial aid.

Obama Signs HEA Technical Corrections Legislation

July 7, 2009
by Scholarships.com Staff
Congress has passed and President Obama has signed a bill that provides "technical corrections" to the Higher Education Act, which Congress renewed last year. In addition to offering clarification on
Earlier this week, the National Association of Independent Colleges and Universities released information on tuition increases at private colleges and universities for the 2009-2010 academic year. While tuition is increasing on average, the good news is that the tuition increase is the lowest in 37 years.

Tuition Increases 4.3 Percent at Private Colleges

July 2, 2009
by Scholarships.com Staff
Earlier this week, the National Association of Independent Colleges and Universities released information on tuition increases at private colleges and universities for the 2009-2010 academic
With President Obama's proposal to end the bank-based Federal Family Education Loan Program, there has been much speculation on what role would be left for banks in student loans, as well as which banks would be allowed to play that role.  An announcement made yesterday by the Department of Education indicates that at least four banks will remain involved in federal student loans for the forseeable future.

Department of Education Names New Student Loan Servicers

June 18, 2009
by Scholarships.com Staff
With President Obama's proposal to end the bank-based Federal Family Education Loan Program, there has been much speculation on what role would be left for banks in student loans, as well as which
With unemployment continuing to rise, college savings funds still performing poorly, and some states being forced to make cuts to grant and scholarship programs, many students are likely to be facing a very different financial situation when it comes to paying for college in 2009, as opposed to 2008.  Students who have experienced a significant change in their financial circumstances since completing the FAFSA, such as a loss of income and savings, can appeal to their college's financial aid office for a chance at more need-based college scholarships and grants.

Appealing Your Financial Aid Award

June 17, 2009
by Scholarships.com Staff
With unemployment continuing to rise, college savings funds still performing poorly, and some states being forced to make cuts to grant and scholarship programs, many students are likely to be facing
Student financial aid programs in several states may soon fall victim to sweeping budget cuts necessitated by the recession.  Ohio, Florida, Michigan, and California are all considering proposals to reduce or eliminate some state student aid programs, including popular grants and scholarships.

Several States Contemplate Cuts to Scholarships and Grants

June 16, 2009
by Scholarships.com Staff
Student financial aid programs in several states may soon fall victim to sweeping budget cuts necessitated by the recession.  Ohio, Florida, Michigan, and California are all considering proposals to
Early reports suggest that summer enrollment is up at colleges across the country, likely due at least in part to the recession.  Since summer jobs are harder to find and some summer internships have also been taken off the table, more students are looking to summer classes as a way to stay productive between spring and fall semesters.  Dwindling college funds and other economic difficulties may also be pushing students to try to finish college as quickly and cheaply as possible.  Most state colleges and community colleges offer summer classes, as well as many private schools.

More College Students Taking Summer Classes

June 12, 2009
by Scholarships.com Staff
Early reports suggest that summer enrollment is up at colleges across the country, likely due at least in part to the recession.  Since summer jobs are harder to find and some summer internships have
DeVry has announced that it will be awarding 500 scholarships to students attending its seven colleges: DeVry University, Keller Graduate School of Management, Ross University, Chamberlain College of Nursing, Apollo College, Western Career College, and Fanor.  Scholarships will be awarded to adult students who are starting college or returning to college after an absence this fall.  The announcement is timed to celebrate the addition of DeVry, Inc. to the Standard & Poor's 500 stock index this week.

DeVry Stimulus Scholarship Program Offers 500 Scholarships

June 10, 2009
by Scholarships.com Staff
DeVry has announced that it will be awarding 500 scholarships to students attending its seven colleges: DeVry University, Keller Graduate School of Management, Ross University, Chamberlain College of
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