This headline, "Scholarships for College Dwindle as Providers Pull Back Their Support," caught my eye since a recent SLA Flash Survey (full results out on Wednesday) found that Scholarships/ Grants ("free money") were the #1 item that families wanted to discuss in counseling sessions.
Here are some highlights from the article:
- While scholarships are most needed due to the weak economy, that same weak economy has led to their reduction:
- State grant programs have also been hit:
- However, FastWeb, the largest aggregator of scholarship information, has not detected a drop-off this year:
"FastWeb, which claims to have the nation’s largest database of scholarships, has not detected a decline in the total dollar amount of scholarships available this year, said Mark Kantrowitz, publisher of FinAid.org and FastWeb.com, both units of the job search company Monster. “Currently we have $3.1 billion in scholarships,” which is about the same amount as last year, Mr. Kantrowitz said."