Student College Aid still has money available
By Jolayne Houtz
Of the Emerald
Thousands of dollars in
scholarships and loans exist for
students who are unaware of the
fact that they qualify for them,
according to Ed Rosenwasser,
owner of Student College Aid, a
nation-wide, computerized
scholarship-locator service.
Each year, 20,000 to 30,000
students apply to Student Col
lege Aid (SCA) for help in
locating one of the $500 million
of non-governmental scholar
ships and loans that are in its
data base. About one in five ap
plicants is successful, with an
average award of $1,100, Rosen
wasser estimates.
Students who apply are
guaranteed five listings, but the
average is 12 listings valued at
$12,000. Graduate students are
guaranteed three, with an
average of seven valued at over
$1,500 each, according to
Rosenwasser.
In operation since 1980, the
Houston-based company began
in a local library researching
“every foundation we could
find,” Rosenwasser says.
Applicants send $3 to SCA for
a packet which contains infor
mation and a personalized
dataform. The dataform is
returned with information con
cerning major, interests, ethnic
origin and other background in
formation. The service fee is
$42 for undergraduates and $46
for graduates.
Another computerized
scholarship company, The
Scholarship Bank, offers an
economy package for $45 with a
list of 20 sources, or $55 for up
to 50 listings, with a free update
one year later.
Steve Danz, owner and direc
tor of the business, also offers a
two-for-one deal that allows
people to pay one price and
receive listings for two people
since “the average student only
counts 17 out of 50 sources,”
Danz says.
The eight-year-old, Los
Angeles-based service helps
over 10,000 students a year with
its 25,000 sources, Danz says.
The company started out by
looking through the major
publications of financial aid
sources,“and even now about
80 percent of the money comes
from 20 percent of the sources.
The rest we find by digging in
the trenches, so to speak,” Danz
says.
Danz estimates that 30 to 40
percent of the applicants
receive financial aid through
their service, and twice as many
receive internships “if they’re
willing to work,” he adds.
Most of the scholarships are
typical in their requirements,
but some apply to only a small
number of applicants, such as
lineal descendants of Con
federate war veterans, descen
dants of World War I veterans,
and those who apply only as
twins or with certain surnames,
according to Rosenwasser.
One applicant wanted to ma
jor in deep-sea diving, accor
ding to Danz, who was able to
come up with 36 sources, much
to his surprise.
“Most of the scholarships ask
for certain ethnic groups, GPA,
Gallery extends deadline
The Gelhan gallery is extending the deadline for student
applicants to its photo exhibit, which will run from Oct. 23
through Nov. 30.
The deadline for the general public is Oct. 1, and the
deadline for students is Oct. 14, according to Grant Handgis,
owner of the gallery.
“We’re hoping for heavy participation from students of
photo-journalism, hopefully 80 to 90 percent from the
University,” Handgis says.
The theme is political and social documentation in the
'80s, according to Handgis. “We’re striving for the impact of
the statement in the entries,” he says. Call 683-1497 for more
information.
What is available at the
EMU Main Desk?
(Main Floor, New Addition)
Photoworks: Cameras, film, supplies and
development.
Sales: Key chains, candy, greeting cards,
postcards, bicycle locks, school supplies,
magazines, padlocks.
Service: Check cashing for University
student, faculty and staff with proper I.D.
Hult Center ticket sales
Theater discount tickets
Greyhound bus tickets
LTD Fast passes and bus tokens
ODE classified ads
Pay telephone, EWEB & gas bills
■Concert tickets
Shakespearean Festival Information
International I.D. Cards
Amer. Youth Hostel Cards
USA Discount Cards
affiliations with unions or
groups,” Rosenwasser says.
SCA also published a new
booklet titled “How Students of
Middle Income Parents Get
Governmental College Aid.”
This $5 booklet explains how
all governmental awards are
need-based and that in order to
receive aid, this need must be
displayed in the best light —
how income and assets are
evaluated, how to move funds
into different accounts, and
when it is better to be a depen
dent student as opposed to an
independent student.
Another service offered is a
“trial run” for the Financial
Aid Form (FAF). The applicant
fills out the form, and for $12.50
it is sent through the same com
puter as the government uses to
process the forms. Suggestions
are then made that would make
the student eligible for more
money.
Rosenwasser cited one case of
a student who made $18,000 a
year and had also received
$50,000 in a court award for a
job-related accident.
The $50,000 made him in
eligible for governmental finan
cial aid until the money was put
into a special account that earn
ed interest. This put the student
into a different income bracket,,
making him suddenly eligible
for aid.
According to Director of
Financial Aid at the University,
Ed Vignoul, “You can get the
same sort of thing by doing
research on your own or from
the financial aid office of the
school you’re interested in.”
But students are more than
willing to pay for such a ser
vice, as indicated by the in
creasing profits and growth of
these two businesses.
For more information and a
questionnaire, send a self
addressed, stamped envelope
to: The Scholarship Bank,
10100 Santa Monica Blvd.,
Suite 2600, Los Angeles, CA
90067, or send $3 to Student
College Aid, 3641 Deal St.,
Houston, TX 77025.
r
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