Posted by: Discover Scholars | October 21, 2008

Google 10 to the 100: What issue do we address?

This week, we are featuring our responses to Google’s Project 10 to the 100th. For more background information, start by reading our original post here. Below we discuss the problems that seeks to address.

# 12. What problem or issue does your idea address? (maximum 150 words)

A college education is becoming necessary for an increasing number of jobs, but the rising cost of higher education is straining the budgets of many American families. Existing forms of tuition assistance – federal Pell grants, private loans, and financial aid – rarely prove sufficient for most students. After graduation, the career choices of many students frequently are dictated solely by earning potential just to pay off massive levels of accrued debt.

More importantly, current methods of educational funding may be awarded and used inefficiently. Donors to colleges have little assurance that their contributions are being awarded to those students who are most deserving. Meanwhile, many students are left to choose colleges based more on financial considerations than their personal, intellectual, and professional aspirations.

These problems are compounded by the search costs entailed in locating and applying to scholarships, government grants, and other forms of financial aid.

Help us continue to grow:

Students: Apply today!

Donors: Consider making a tax-deductible contribution to the students of your choice.

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