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Friday, January 16, 2009

Need help now to pay for college? Compare scholarships online

These are tough times. To help, we're offering pieces of advice in the Business section each day this month.

Problem: You need more money for college quickly and don't know where to turn.

Solution: Look for scholarships. Peruse the scholarship offerings online from the College Board (collegeboard.com), Scholarships.com and Fastweb.com. Many have grants that have rolling deadlines and easy, online applications.

If you're maxed out on lower-interest federal loans, consider comparison shopping with SimpleTuition.com or StudentLoanMonkey.com. The sites allow prospective students to shop around for student loans and avoid a hard inquiry on their credit reports. As the credit crunch has crimped student borrowing and increased interest rates on private loans, SimpleTuition and StudentLoanMonkey will show you available offers from a wide swath of lenders, not just ones that market heavily. Wall Street Journal

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