Carleton College has announced a new scholarship program aimed at reducing the loan obligation for its neediest students. The Access Scholarship program is targeted at families with incomes less than $75,000. Under this new program, families with annual income of less than $40,000 will get an additional scholarship of $4,000 annually, families with incomes between $40,000 and $60,000 will get an additional scholarship of $3,000 annually, and families with income between $60,000 and $75,000 will get an additional $2,000 annual scholarship. Carleton meets 100% of the need for all students so this additional scholarship will go directly to reducing loan obligations.
This new program is good news for Carleton students but is less generous than the programs that have recently been announced by many of its peer colleges. Carleton is in the middle of a $300 million fund raising effort and they will hopefully be able to consider the elimination of loans once these additional funds are raised.
Carleton College announces new scholarship program
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I just wrote about a new funding resource for single mothers as well at my blog. Here is the link for your readers – http://bullseyeresumes-careerreentry.blogspot.com/2008/03/scholarships-for-working-moms-going.html.
Feel free to add us to your resources.