Student Financial Aid News

From Inside Higher Ed:

Education organizations received $40.9 billion in donations in 2008, down about 5.5 percent from the previous year, according to “Giving USA,” an annual report on charitable giving. Donations to all charitable organizations were down from individuals (always the largest source of gifts), bequests, corporations and foundations. For most colleges, these national figures will come as no surprise.

Commentary

I’m honestly surprised the drop in giving wasn’t greater. That said, that means there’s about 5.5% less scholarship money out there. More students are competing for the same dollars. Have you signed up for Scholarship Points, our free college scholarships site?

Last week, the Bureau of Labor Statistics released the latest unemployment data. TLDR version: stay in school, kids.

The unemployment rate for college graduates is half that of the national rate, while those with less than a high school diploma is 64.9% higher than the national rate. A college degree or better isn’t a guarantee of a great job or a great life, but there’s an undeniable correlation that as educational attainment increases, unemployment decreases. Stay in school and get as much education as you can afford, within reason.

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