WASHINGTON (Reuters) – The National Scholarship Foundation, a nonprofit founded in 1992 that helps students, families and communities compete for college grants, will expand its scholarship opportunities for students who need financial aid and will also launch a search web page to help students find scholarships they may qualify for.
In 2016, the foundation said, it raised $8.5 million for scholarships that students can use to pay for college, including for scholarships for parents, students and the unemployed.
The nonprofit also offers free tuition and grants to students, including the Earned Income Tax Credit and the Supplemental Nutrition Assistance Program.
The foundation’s executive director, Chris Schulz, said in a statement that the expansion of scholarships for students and families would provide a significant boost to our nation’s college affordability crisis and to help those in need, as well as our economy, create jobs and spur economic growth.
The new scholarship opportunities are part of a growing effort by the foundation to help families who need help paying for college.
The fund will also expand the number of scholarship recipients to allow more students to apply and apply for scholarships as needed, Schulz said.
In addition to scholarships, the fund will offer grants for student loans and student housing.
For those students who don’t qualify for any of these programs, Schulz said, the National Scholarship will match their student loan and housing costs with a matching grant from the National Student Loan Borrower Association.
Schulz said the National Scholarships to Apply for Free College program will not affect the current federal student aid and financial aid programs for undergraduates, but that it will continue to work with the Department of Education and other federal agencies to help with student loan programs.
The National Scholarship for Students and Families is one of the most successful programs of its kind.
Last year, it was awarded a $1 billion infusion of funding from the Department for Education to help states expand their eligibility for grants to lower-income students and their families.
Schulz called the foundation’s efforts to expand scholarships “a step in the right direction.”
“We know that students, and especially those in the most vulnerable communities, are among the hardest hit by this crisis,” he said.
Scholarships that students use to cover costs of attending college and paying for tuition and other costs will be made available on a sliding scale, according to a statement from the foundation.
Applicants will be able to select the best scholarships for their needs, including financial aid, the amount of tuition they would have to pay if they attended a private college, the number and type of credits they will need to attend school and how many years they would be enrolled at the school.
Schultz said the foundation is also working to expand the scope of its scholarship programs for low-income families.
The foundation’s scholarship opportunities will be available for people who need the most help paying tuition, and they will be eligible for financial aid for up to four years, depending on their income.
Schutz said the organization is working to extend its scholarship eligibility for families with children who are younger than 18 years old.
Scholastica, a Los Angeles-based nonprofit that works to support and improve education for disadvantaged children and families, is also expanding its scholarship program, which Schulz described as one of its most successful.
Scholsa will offer a scholarship of up to $5,000 for anyone who can show that they have applied for an award from a parent, spouse or child in the past three years.
Schuli said the scholarship will also be available to any student who cannot afford a college education but needs help paying rent, utilities, phone and other expenses.
Scholi said the grant will be used for financial assistance for students to pay tuition and fees.
ScholarAid.gov is an online resource for people to find scholarships and grants that can help them afford college.
The site will be updated daily with information on scholarship opportunities and applications, Schuli said.