Applicants Up, Scholarships Down

An article in the New York Times Friday examines the change in scholarships since the economy has tanked. Jonathan Glater checked in with many of the organizations that offer scholarships and reports his findings.

The recession has led foundations, corporations, state governments and colleges themselves to reduce their support of providers of scholarships, and in recent months programs have been reduced or canceled outright. The cuts come as economic conditions make it harder for families to pay for college and as more unemployed people look for financing for retraining.

Glater suggests that students will most likely need to depend more on federal loans like FAFSA.

Did you receive a scholarship this year? Is it for less than you had hoped? Talk to us about your experience.