For many families today, the thought of paying for a college education can be quite daunting. Scholarships make a great way to fund this investment in a child’s future.
There are many different types of scholarships. Some are based on performance on standardized tests, some on financial need, and others on athletic ability. These scholarships all seem normal – and to be frank – well earned in one way or another. However, a new type of scholarship is hitting the market. Many schools have started offering scholarships to students who come from middle-income families and demonstrate academic promise.
“We certainly have found that with the recession in recent years, many middle-income families and even some higher-income families are looking for more aid,” said Earl Retif, vice president of enrollment management at Tulane University. Read the rest of this entry »