News Articles About College And The Economy

A new study offers surprising news in an uncertain economy: families are actually borrowing less money to cover college costs.

Survey Shows Families Borrowing Less for College

August 25, 2009
by Scholarships.com Staff
A new study offers surprising news in an uncertain economy: families are actually borrowing less money to cover college costs. The study, titled "How America Pays for College," shows that about 58
The rise of the online auction service eBay has prompted people to attempt to sell just about anything they can affix a price to. So while it's not surprising to find some pretty out there listings from time to time, it's still not every day you see a student auctioning off a stake in his future.

Business Student Lists Piece of His Future on eBay

August 21, 2009
by Scholarships.com Staff
The rise of the online auction service eBay has prompted people to attempt to sell just about anything they can affix a price to. So while it's not surprising to find some pretty out there listings
Over the course of the last year, a number of colleges and universities have begun to offer scholarship opportunities for people who have found themselves out of work and in need of further education or job training. Yesterday, U.S. News profiled several newer community college programs, including several full-tuition scholarships, but even more awards are out there. Here's a run-down of some of the scholarships for displaced workers that we've found.

Scholarships for the Unemployed

August 20, 2009
by Scholarships.com Staff
Over the course of the last year, a number of colleges and universities have begun to offer scholarship opportunities for people who have found themselves out of work and in need of further education
As the start of the fall semester approaches, students across the country are finding themselves in a precarious position when it comes to financial aid. As we've previously mentioned, several states have been forced to make deep budget cuts this year, canceling or reducing funding for scholarships and grants, in some cases after award notices have already been sent to students. This has left students scrambling for last-minute student loans, and in some cases facing the difficult decision of whether to take a semester off while trying to procure alternate funding.

Coping with College Aid Cuts

August 19, 2009
by Scholarships.com Staff
As the start of the fall semester approaches, students across the country are finding themselves in a precarious position when it comes to financial aid. As we've previously mentioned, several states
Student loans have received a lot of attention lately, especially in light of the ongoing recession. As average student debt increases and post-graduate job prospects become less certain, borrowers are struggling to make payments and avoid default on their loans. Meanwhile, lenders are tightening credit requirements or opting out of the student loan industry altogether. While Congress and President Obama are contemplating additional reforms to student lending on top of recent fixes that have provided some help to borrowers, relying on loans to pay for school is still a scary idea for many students.

New Service Helps Recession-Proof Student Borrowing

August 11, 2009
by Scholarships.com Staff
Student loans have received a lot of attention lately, especially in light of the ongoing recession. As average student debt increases and post-graduate job prospects become less certain, borrowers
A recent college graduate who has failed to find a job since April has sued her alma mater. The student, Trina Thompson, filed suit against Monroe College, a career-oriented college in New York, asking to be reimbursed the full cost of her tuition, which was $70,000.

Unemployed Grad Sues College for Tuition Refund

August 4, 2009
by Scholarships.com Staff
A recent college graduate who has failed to find a job since April has sued her alma mater. The student, Trina Thompson, filed suit against Monroe College, a career-oriented college in New York,
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
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