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News Now

Consumer
Scholarship money at your fingertips
CHICAGO (2/6/08)--Hoping for a scholarship to help curb the high cost of tuition? Start applying now, because many applications are due within the next two months (Sun-Times Jan. 21). With the average size of a scholarship around $2,000, knowing where to look for scholarship money is key. About 6.9% of undergraduate college students receive private scholarships. Several free scholarship databases, such as fastweb.com and scholarships.com, are available on the Internet. The College Board, collegeboard.com, also has a list of scholarships. In addition to searching the Web, talk to a high-school guidance counselor or college financial aid adviser. Other places to find scholarships:
* School activities, academic clubs, or athletic organizations; * Student's employer; * Parent's employer * Parent's union; * Church or religious organization; * Local government; * Local businesses; * Local newspaper; and * Credit union.
For more information about acquiring scholarships, read “Make Up for College Savings Shortfalls” in Home & Family Finance Resource Center.
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