October 2008: Enter our $10,000 Scholarship Drawing
This month in Financial Aid News we have something incredibly special. On Halloween night, we’re giving away a $10,000 scholarship to one lucky Scholarship Points member. Read on for how you can enter.
Enter our $10,000 Scholarship Drawing
Announcing the Student Loan Network $10,000 Scholarship, powered by Scholarship Points (http://www.scholarshippoints.com). We’ll be drawing the winner at the end of October, so now’s the time to enter. And, as a Scholarship Points member you can earn multiple entries into this $10,000 scholarship - and other scholarships.
Entry is simple and there is no essay or GPA requirement, simply go to the 10K page and complete your entry.
Financial Aid in This Economy
The impact of the past month will last for a very long time. Directly, the closure of many banks and financial institutions will reduce the number of loan options you have, and in some cases may even halt disbursement of loans you have been approved for. For those affected, chances are you’ll need to apply for a new loan at a different lender.
So what does this mean for you? The problems we all encountered over the past few months with regard to student loan companies not being able to get money to lend are likely to repeat themselves this winter and spring. Capital - cash - simply is being poured into massive debt sinks that banks are developing.
Two Money Saving Options
Consolidate Your Debt: Consolidate credit card, medical, and other debts to free up cash with a line of credit up to $25,000 deposited directly into your checking account. No collateral required.
Citi MTVu Student Credit CardSave Money On Gas: We could use a break at the pump, especially students. Get 5% cash back on all gas purchases and build great credit with the Discover Open Road card for Students.
Scholarships Opportunities
In addition to the Student Loan Network $10,000 scholarship for Scholarship Points members, we have a large selection of other awards for you:
SEA Fall 2008 Scholarship Contest: SHARPen it Up
Show Us Your Best Facial Feature Scholarship
Best and Worst of Back to School Scholarship
CollegeWeekLive.com $3,500 Scholarship
For more scholarship opportunities, visit http://www.studentscholarshipsearch.com, which features over $9 billion worth of scholarships and grants for undergrad and graduate students. New listings are added everyday, so make sure you visit often.
Prepare for 2009 Now
Be prepared for a rush, according to the New York Times:
“Battered by a worsening economy, college students are seeking federal financial aid in record numbers this year, leading Bush administration officials to warn Congress that the most important federal aid program, Pell Grants, may need up to $6 billion in additional taxpayer funds next year.”
Plan to file your 2009 FAFSA (http://www.fafsaonline.com) as soon as possible. Federal aid, especially need-based, is based on both need and availability.
A Word from our Sponsors
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