NEW YORK, NY -- According to recently released reports from the College Board, most students and their families can expect to pay, on average, from $172 to $1,096 more than last year for this year's tuition and fees, depending on the type of college. Even with the increase in federal grant funding, for many students they may still not be able to cover all their educational costs, forcing many students to borrow for their education. Among 2007-2008 bachelor's degree recipients, over two thirds had borrowed over $20,000.
For many students, private scholarships can help reduce student loan borrowing. Unlike student loans, scholarships do not have to be repaid. There are millions of scholarships offered every year from private sponsors. In general, scholarships are awarded to students based on particular qualifications, such as academic, athletic or artistic talent. Awards are also available for students who are majoring in a particular field or are affiliated with a national organization, or who are members of underrepresented groups. Many scholarships also require demonstrated financial need.
There are several free scholarship and grant databases available online. With more than 1.7 million scholarships and grants worth more than $7 billion in funding, the FindTuition scholarship search is the largest, most accurate and most frequently updated database online. To search scholarships and grants now based on your academic or other unique qualifications, go to FindTuition.com.
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