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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