FAP880: Economy, scholarships, shortfalls, free stuff

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FAP880: Economy, scholarships, shortfalls, free stuff

17 October 2008 1 views One Comment

FAP880: Economy, scholarships, shortfalls, free stuff

Listen now:[audio:http://media.libsyn.com/media/financialaidpodcast/20081017.mp3″>MP3 file

Student Financial Aid News

From NASFAA:

“It’s ‘the mother of all shortfalls,’ according to one Washington insider. Others worry that it may get lost amid the nation’s larger financial crises involving banks and mortgage lenders,” Diverse: Issues In Higher Education reports. “But one thing is increasingly clear: Fueled by a declining economy that has many low-income Americans returning to school, the Pell Grant program is facing a growing shortfall that soon may reach $6 billion. ‘It’s such a large figure that Congress and the administration cannot ignore it,’ says Barmak Nassirian, associate executive director of the American Association of Collegiate Registrars and Admissions Officers.”

Commentary

As we’ve been talking about in The Coming Financial Aid Crisis, $6 billion is too conservative a number. Much, much more will be required, because you’re only now seeing the financial markets losses bleed into the real economy, into Main Street. Jobs are being lost, hours cut, raises forfeited, for the average American family. This in turn will sharply increase demand for financial aid and federal dollars will be hard pressed to keep up.

Be ready. Get your paperwork in order. Hunt scholarships year-round. File your FAFSA as early as you can.

Scholarship Update

National Association of Hispanic Journalists Scholarship. Students interested in journalism as a career can apply. Current high school seniors, college undergraduates and first-year graduate students who are pursuing careers as print, photo, broadcast or online journalists. Each scholarship has different requirements for eligibility. Please carefully review each to determine which ones you qualify for. Students must plan to attend a community college or university that is within the United States or Puerto Rico full-time for the entire academic year in order to be awarded an NAHJ scholarship. Students who attend or plan to attend colleges or universities outside of the United States or Puerto Rico are not eligible for NAHJ scholarships.

Details at our free college scholarship search site.

News You Can Use
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Free Stuff Friday
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+ Mastering Stock data in Google Docs

Free Song of the Week
+ Natives of the New Dawn, Good Day

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