Student Financial Aid News

From Inside Higher Ed:

California’s budget mess — already leading public colleges and universities to consider furloughs, enrollment limits and huge budget cuts — is now hitting low income students in an unusual way.

This month would normally be when those eligible for Cal Grants would receive official eligibility notification of their award sizes and money would start moving to the institutions the students will attend (in many cases only because the Cal Grant is part of the aid package). Cal Grants are need-based, and are a key tool for state residents enrolling at public and private institutions, with the maximum annual grant topping $9,000. But under the IOU system imposed by the state last week due to the failure to adopt a budget, Cal Grant recipients are being told what they probably will receive eventually, with their institutions currently being forced to consider the possibility that they will receive warrants that will eventually be worth cash, but that may not be now.

Commentary

This day has, unfortunately, been a long time in coming. For those California students who have been reading Financial Aid News and listening to the Financial Aid Podcast, hopefully your use of our free scholarships eBook, Scholarship Search Secrets, has prepared you and insulated you from this financial shock. For everyone else, please grab these resources and get started finding supplementary aid and assistance. It’s not too late yet.

Scholarship Update

The BDPA Education & Technology Foundation is proud to open up the application period for any graduating high school student or current college student interested in the 2009 Eli Lilly and Company Scholarship for BDPA Students! The purpose of the Lilly/BDPA Scholarship is to recognize outstanding minority students, with an interest in information technology, who make significant contributions to society. Applicants must excel academically, show exceptional leadership potential, and make an impact on their communities through service to others. Lilly/BDPA Scholars will be awarded a one-time $2,500 scholarship that may be used to pursue an information technology focused degree at an accredited four-year college or university of their choice. The Lilly/BDPA Scholarship may be used to supplement benefits from the college or university a student plans to attend and fellowships from other foundations or organizations. Students may use the scholarship to cover the cost of tuition, fees, books, room and board, and other college-related expenses.

Details at our free college scholarship search site.

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