Updated college scholarship site available

College Answer has announced an update to their college scholarship website. I have certain reservations about scholarship websites but for some students such sites can provide valuable information that might help reduce the cost of college.

Students need to understand that most colleges will subtract any money received in outside scholarships from your financial aid package. Some colleges will reduce the loan burden by the amount of the scholarship, but other colleges will reduce your grant money. If the college reduces the amount of loans you have to take out that is a benefit to you. There is no benefit to you if the college reduces the grant aid. So before getting too excited about a revised scholarship website do some investigation to find out how your prospective colleges will handle any outside scholarships that you might get.