By Luiz Coelho
In tough times, students want any financial aid they can get. SCAD officials say they have been working to offer a considerable amount of scholarships to current students. Cynthia Brayton and Rebecca Nort, both of the department of institutional advancement at SCAD-Atlanta, gave a rundown of some of the college’s efforts to provide more of scholarships to students in need.
Did the recent economic crisis affect existing scholarships?
Rebecca Nort: Unfortunately, endowed scholarships have their money in stocks, and when stock value decreases, we have to reduce them as well.
Cynthia Brayton: Instead of just putting them in a bank, we invest them. Sadly, when the economy goes bad, we don’t get as much interest as we would like to, and need to reduce awards a little bit.
