Wednesday, September 2, 2009

Scholarships for College Dwindle as Providers Pull Back Their Support


Students looking for college scholarships are going to have a harder time this year as providers, hammered by falling investment returns and declining philanthropic support, cut back.

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.

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2 comments:

BlackLiterature said...

I thought I heard that Oracle was making a 50k contribution to the Bemley scholarships, but I haven't seen anything posted. Did I miss it??

Villager said...

Sherri - BETF is still trying to get information on this pledge made at the Awards Gala. As soon as we know something ... we will share it with our BETF-blog readers...