School is right around the corner, with some college students heading back to campus as early as next month. In addition to classes, football games and frat parties, they'll be facing bills for tuition, fees, books, and room and board that are rising every year. Last year, a "moderate" budget for an in-state public college averaged $23,410, according to the College Board, and costs at a private college averaged twice that.
ScholarshipOwl aims to help students fund their college educations through scholarships. Headquartered in Tel Aviv, with its U.S. office in Santa Monica, California, the startup matches users to college and graduate-school scholarships in the United States and automates the application process.
The free online membership service has been operating in closed beta since February and already has 25,000 users, matching students to 60 to 70 scholarships on average. The platform launches into public beta today.
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"Finding which scholarships you're eligible for, and then applying for them one by one, is so slow and painful, but so important," said founder and head of marketing and optimization Kenny Sandorffy in a statement. "We wanted to fix this tedious process and make it easy for students and their families to find all the scholarships they deserve, and to win those scholarships. Our goal is to make sure everyone's college is paid for with scholarship aid."
Students sign up in as few as two minutes with basic information like their date of birth, gender, school level and possible field of study. With this data, ScholarshipOwl generates the member's first matches from more than 3.5 million scholarships. More information such as GPA provides more matches.
Source: ScholarshipOwl feathers students' nests with scholarship money
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