Oh, what a charming way to put it. It’s an unfortunate reality for too many students – and now there’s a program to help out those with pocks, blemishes, and downright disasters on their credit reports.
SpendOnLife.com describes their scholarship program for the ‘credit challenged‘ as follows:
“It’s our desire that every young adult has access to higher education. Unfortunately in today’s society, students are finding it tougher to secure financing because of the credit crunch and past credit issues.
In an effort to assist students affected by the stricter lending practices for student loans, SPENDonLIFE is proud to offer our college scholarship program to those denied a student loan due to the recent credit crunch or their personal credit history.
We will award up to 10 college scholarships a year ranging from $500 to $5000. We hope this program will help to educate young adults about both the benefits and pitfalls that using credit can pose.”
They’ve got the usual information – FAQ, Guidelines and the Application – at the links below.
- Credit Challenged Scholarship FAQ
- Credit Challenged Scholarship Guidelines
- Credit Challenged Scholarship Application
Pass it along if you know someone who can use it. In this climate, we can all think of a few.
And don’t forget – there’s always someone out there willing to give money. The blue-eyed, the kid with that unique Eskimo/Botswanian heritage, the 7th best cornhole player in Western/Southwestern Iowa, etc. All you’ve really got to do is find’em and ask nicely.