Detroit News: College students scramble for funds
The Detroit News has this report today: College students scramble to recoup lost Promise aid.
A snippet:
Financial aid experts and school counselors say students aren’t dropping out, finding their own solutions to fill the gap left by the broken Promise Scholarships. Some are borrowing more; others are cutting their college living costs, trimming the family budget, finding scholarships or taking fewer classes.
“Our students seem to be willing to find the resources somehow to make up the loss,” says Skip Zabel, associate director of financial aid at Albion College. He says enrollment has stayed about the same for returning students this year, despite the lack of scholarship money and cuts to the need-based Michigan Tuition Grant, which helps students at the state’s private schools.
“All of our students were counting on the Michigan Promise program,” Zabel says. “In some cases, they’re turning to loans. In other cases, the families are just tightening their belts at home even more.”
The article also has tips and links on how students can find money for college – information that should sound familiar to readers who have looked through my college and scholarship archives.
Posted: January 19th, 2010 under College, College financial aid, In the News.
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