Enroute to a Degree, Scholarship Squeeze is Latest Hurdle
"College students have it tough these days with ever-increasing tuition bills and record levels of debt," Reuters reports. "But in recent years, there's been one bright spot for student finances: a deep pot of scholarship money. There's trouble on the horizon, however. New data shows that the percentage of those winning cash scholarships, typically awarded on the basis of merit, is falling dramatically. ...Cash-poor states aren't providing more scholarship money despite record high enrollments, says Haley Chitty, spokesperson for the Washington, D.C.-based National Association of Student Financial Aid Administrators. 'That means fewer funds are being spread out among more and more students,' Chitty says."
NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.