SchoolSoup.com Helps Students Find Scholarships and Avoid Student Debt

SchoolSoup.com, home of the world’s largest free scholarship search is helping students find scholarships to avoid student loan debt. Last year college students borrowed a record $17.3 billion in private student loans, and $68.5 billion in federal loans, an increase of 185% over the last decade. Private student loans increased at an alarming rate of 1,201%.

The rapid rise in the use of private student loans has uncovered numerous reports of questionable conduct between schools and student loan companies. Not so widely reported is that a record $40 billion in scholarships and grants were also awarded to students.

Continual increases in tuition and fees have pushed the cost of a college education beyond the means of most families. Inflation adjusted tuition and fees for in-state students enrolled at public four-year colleges has jumped 35% since the 2001-2002 school year, the largest five year increase in the last 30 years. Most students wanting to attend college are left with the options of finding a scholarship or grant, borrowing money or delaying their education while they work and try to save money for tuition.

High school and college students frequently visit scholarship search websites in hopes to find free scholarship money. They are unaware that most websites have less than 1/3rd of the total number of available scholarship awards and many are owned by student loan companies eager to obtain students’ names, email addresses and other personal information so they can market to them their student loan products.

SchoolSoup.com has over $32 Billion in scholarship awards, the largest scholarship database on the internet. Students searching for scholarships at SchoolSoup.com will have a much greater chance to find an award than anywhere else.

SchoolSoup.com is not a student lender and is not owned by a student lending company.In addition to scholarships SchoolSoup.com offers students other money saving benefits such as discounts on SAT, ACT and graduate school test prep courses and a textbook price comparison tool that searches the inventories of online booksellers to find the lowest price for new and used textbooks.

Students can easily find and compare textbook prices, shipping costs and the availability of less expensive international editions published overseas. The U.S. Census Bureau reports that during their lifetime a college graduate will earn $1,000,000 more than a person with just a high school education. So while the cost of a college education may seem imposing, the cost of not going to college is likely to be much greater.

About SchoolSoup.comSchoolSoup.com’s research team has been collecting scholarship information since 1988. New scholarships are added to the website every day. Contact: For more information about SchoolSoup.com contact info@SchoolSoup.com.