A new report from Mark Kantrowitz, founder and publisher of FinAid.org and Fastweb.com, is a must-read for scholarship applicants. Sponsored by Fastweb and the National Scholarship Providers Association (NSPA), the study found that about a quarter of scholarship providers are using Google and social media websites such as Facebook and LinkedIn, to screen applicants. They're looking primarily for one or more red flags, such as signs that an applicant might reflect badly on the scholarship sponsor. The report includes recommendations for scholarship applicants -- reviewing their Facebook accounts, Googling themselves and correcting problems when possible, and using appropriate email addresses. Read the full report here. It's good advice for all applicants!
Mark Kantrowitz, founder of FinAid.org, is answering reader questions about student and parent loans and scholarships at the New York Times' Choice blog. Kantrowitz will be blogging all week on many aspects of paying for college, including Stafford and PLUS loans, custodial accounts, the impact of trusts on financial aid, and more.