Scholarships: An alternative to student loans for college tuition
Finding yourself increasingly strapped for cash? Sick of counting your loose change? No job? Try a scholarship. Although some people are beginning to rise out of their economic slump, students still struggle to find jobs. And less pocket money certainly means less money put towards education. One of the oldest and most popular ways around this dilemma is scholarships. They are, essentially, free money. Unlike loans, there is nothing to pay back, and some are even awarded directly to your bank account instead of the school. However, many students forget that scholarships are even an option. Instead, they go straight to student loans. Why? Perhaps it is the effort involved in searching for them. “I feel like they want to take advantage of scholarships, but they don’t want to take the time,” said senior psychology major Daniel Soranzo. “They don’t feel like they have the chance.” For many, the problem began in high school. Students had to search through folders filled with sheaves of paper to find a good scholarship, only to realize they didn’t qualify for it. Now, most scholarship resources are electronic, making the search less of a hassle. George Mason University is working to improve the scholarship […]
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