FinAid Logo The SmartStudent Guide to Financial Aid
Site MapAbout FinAid
 
Loans
Scholarships
Saving for College
Military Aid
Other Types of Aid
Financial Aid Applications
Answering Your Questions
Calculators
Beyond Financial Aid

Return to
FAA/Educators
 
Educator/FAA Guide to National Scholarship Databases

This page provides basic information about each of the national scholarship databases. The intention is of this compilation is to provide information for schools that are looking for a database to offer their students. Many of these databases do not license their services to individuals or prohibit individuals from charging students to use the software or for printouts from it.

There are two reasons why a school should consider offering a free or low-cost scholarship search service to its students:

  1. Good public relations with students and parents. It makes students and parents happy, and may have a slight impact on recruiting students, especially if the school has a favorable outside scholarship policy.

  2. It reduces the amount of money your students will waste on commercial scholarship search services, which charge fees of $40 to $179 or more.
Few students who use a search service will actually win an award, and it is rare that the value of the awards won will exceed the total cost of offering the search service.

There is no reliable means for comparing databases. The figures provided by the vendors about the number of sources in their databases are of questionable accuracy. Price also isn't a guide to quality, as the more expensive databases are not necessarily better quality or more comprehensive. Anecdotal evidence suggests that the CASHE and FastWeb databases are the best ones available, but to date there has been no formal statistically meaningful comparison of any of these databases.

Summary

There are five free databases. Two of the free databases are offered in exchange for a commitment to sell only soft drinks from a particular vendor (Coca Cola or Pepsi) from campus vending machines. Three of the free databases (FastWeb, FastWeb Canada, and SRN Express) are searchable for free over the World-Wide Web.

There are five databases available only to educational institutions, libraries, and nonprofit organizations. Prices range from a low of $600 to a high of $2,000 per year, with no per-report fees. Single-user and network versions are available. One database offers a lower annual fee ($295 single-user) for modem access, but with a $5 per-report fee. Many of the databases give a 50% discount to high schools and a 50% discount for renewals in subsequent years.

There are six scholarship search software programs. Prices range from a low of $35 to a high of $495. Only one offers a network version, for $745. Most of these programs are licensed under terms that preclude charging students to use the software or for copies of printouts produced by the software.

There are four business opportunity vendors that sell access to a scholarship database. These outfits market primarily to individuals who wish to offer a scholarship matching service to students and families for a fee. Prices range from $498 to $4,578, plus a per-report fee of $10 to $25. The cheapest vendor also has a $10/month updating fee. These vendors recommend that their search services charge students fees ranging from $40 to $199.

Free Databases

The following scholarship search databases are available for free.

Coca Cola (PPS Scholarships 101)
Schools which agree to sell only Coca Cola products through their vending machines can get a free copy of the Scholarships 101 software published by Pinnacle Peak Solutions. As long as you are served by the Coca Cola Company, the institution is eligible to receive the database at no cost. They will even pay for the updates. Contact your local Coca Cola distributor for details. You can call Pinnacle Peak Solutions at 1-800-762-7101 for the name of your local bottler or send email to dave@scholarships101.com.

Schools which aren't served by Coca Cola can still buy the Scholarships 101 software direct from Pinnacle Peak Solutions. See the Pinnacle Peak Solutions description for details.

Pepsi-Cola Tuition Funding Sources (TFS)
The Pepsi-Cola Tuition Funding Sources (TFS) database is available to middle schools, junior high schools, high schools, community colleges, and universities from local Pepsi-Cola bottling companies. Each bottling unit decides how to provide the software to schools within their franchise boundaries, if at all. Some bottlers provide it for free to any school in their franchise that wants it; others require the school to commit to sell only Pepsi products through campus vending machines.

The TFS database contains about 8,000 sources of private scholarships, including college-controlled awards, totaling more than 400,000 individual scholarships. The program also lists all state and federal aid programs as well as cooperative education programs administered by each school. The program can print out "request for information" letters, and in some cases includes the sponsor's actual application materials. The TFS program lets the school add information about local scholarships to the database.

The TFS program also includes information about 3,500 colleges and universities and 1,500 vocational/technical schools, such as tuition costs, living expenses, and enrollment data. The program also includes career information and about 200 college catalogs.

The software is available on floppy disks for Windows, DOS, and Macintosh systems, and on CD-ROM for Windows and Macintosh systems. All versions of the software are networkable, and the school is provided with a site license that lets them install the program throughout the school's campus. The software and database is updated annually.

The TFS database is produced by Falcon Management Group, Inc. For more information, call 1-800-232-4004 or 1-801-943-7676 (ask to speak to TFS Sales), fax 1-801-943-7668, write to Falcon Management Group, Inc., 3690 East Fort Union Blvd, Suite 103, Salt Lake City, UT 84121, or send email to fmg@xmission.com.

FastWeb LLC
FastWeb LLC makes the FastWeb (Financial Aid Search Through the WEB) database available for free through the World Wide Web in conjunction with the Financial Aid Information Page. Schools are welcome to add a link to FastWeb from their own web pages. Charging students to search the online version of the database is strictly prohibited.

FastWeb LLC reports that the FastWeb database contains information more than 1.3 million private sector scholarships, fellowships, and grants worth more than $3 billion.

For more information on FastWeb, call 1-800-FASTWEB (1-800-327-8932), fax 1-312-467-0638, write to FastWeb LLC, 444 N. Michigan Avenue, Suite 3000, Chicago, IL 60611-3903, or send email to webmaster@fastweb.com.

Scholarship Resource Network (SRN)
Josey Vierra and Carol Daigle, two individuals with extensive experience in the scholarship database industry, formed their own company in May 1995. They have compiled their own scholarship database from scratch, and are calling this database the Scholarship Resource Network (SRN).

The SRN database contains listings of scholarships, fellowships, and grants for undergraduate, graduate, and postdoctoral education. The SRN database lists mostly portable, private-sector, non-need-based aid. A few awards (less than 20%) list financial need as a criterion. The database does not list institutional awards. The award listings in the SRN database contain more detailed information than can be found in most scholarship databases and scholarship listing books. The database contains more than 7,000 portable awards offered by more than 1,500 organizations worth a total of more than $23 million. New, verified scholarship information is being added to the SRN database continuously. Every program listed in the database is verified every year.

SRN will conduct individual student searches for free on the Web or by mail for $25.

SRN is also available to colleges, universities, high schools, corporations, foundations, and libraries for annual lease in Macintosh, Single-User Windows and Networked Windows versions. These annual lease prices include a semi-annual update.

Macintosh Version Single-User Windows Version Networked Windows Version

High Schools $300 $300 $450
Colleges & Universities $600 $600 $1,050
Financial Planners $500 $500 $1,050

For more information about SRN, call 1-301-670-1260, fax 1-301-670-1281, write to Scholarship Resource Network, Daigle and Vierra, Inc., 555 Quince Orchard Road, Suite 200, Gaithersburg, MD 20878, or send email to M. Carol Daigle at daiglec@rams.com or Josey Vierra at vierraj@rams.com.

Sallie Mae's Online Scholarship Service (CASHE)
Sallie Mae's Online Scholarship Service offers free access to the College Aid Sources for Higher Education (CASHE) database. This database contains listings of more than 180,000 private sector awards from more than 3,600 sponsors. For information about the CASHE database, call 1-308-234-9700 or 1-800-462-2743, fax 1-308-236-6013, write to EDTECH INC., PO Box 640, Kearney, NE 68848, or send email to cashe@edtechinc.com.
Databases Available to Schools and Nonprofits

The following scholarship search databases are available mainly to high schools, colleges, universities, and nonprofit organizations.

C-LECT Financial Aid Module
The Financial Aid Module of C-LECT contains a database of more than 1,360 scholarships, grants, loans, and work-study programs. The database is available for the PC in floppy disk or CD-ROM versions. The cost is $200.00. The software is site-licensed for unlimited campus usage. Updated annually. To order a copy, call 1-800-622-7284 or 1-315-497-0330, fax 1-315-497-3359, or write to Chronicle Guidance Publications, 66 Aurora Street, PO Box 1190, Moravia, NY 13118-1190.

College Aid Sources for Higher Education (CASHE)
The CASHE database was originally created by Dr. Herm Davis and is now owned by EdTech Inc. EdTech has two lines of scholarship database products; one is CASHE, and the other is a database called FUNDS that is licensed to business opportunity vendors.

The CASHE database contains between 150,000 and 200,000 (over 180,000) scholarships sponsored by more than 3,600 (nearly 4,000) organizations. This database is available to high schools, colleges, and universities in two different formats, CASHE-PC and CASHE ONLINE.

When a school licenses CASHE-PC, they receive the software to conduct the search at the school. The cost to high schools is $495 for the single user version and $990 for the network version. The cost to colleges and universities is $995 for the single user version and $1,990 for the network version. CASHE-PC is updated twice a year in August and January. CASHE-PC is a DOS program; a Windows version is not yet available.

When a school subscribes to CASHE ONLINE, they receive software that lets them conduct searches online via modem. The cost is $295 for the single user version and $590 for the network version, plus a fee of $5 per search. CASHE ONLINE is updated continuously.

Nonprofit organizations can license CASHE-PC or CASHE ONLINE at the school rates, or contract for a special rate depending on volume. A version of CASHE is also available to certified financial planners.

The organizations we've encountered that use the CASHE database charge students $10 to $30 to conduct a search. Schools that provide the CASHE database to their students typically charge anywhere from $5 to $15 per search, with a few schools charging nothing.

For more information, call 1-800-462-2743 or 1-308-234-9700, fax 1-308-236-6013, or write to CASHE, PO Box 640, Kearney, NE 68848.

National Scholarship Research Service (NSRS)
The National Scholarship Research Service (NSRS) has compiled a scholarship database which is marketed to schools, directly to individuals, and through a variety of books. NSRS claims their database lists 200,000 awards. NSRS was founded by Daniel Cassidy.

Educational institutions may license a copy of the NSRS database for $795, with annual updates costing $395, provided that they agree to not charge students for this service. (NSRS charges students $75 to search their undergraduate or graduate listings, $95 to search both sets of listings.)

For more information about NSRS, call 1-800-432-3782 or 1-707-546-6781/6777, fax 1-707-546-6785, write to National Scholarship Research Service (NSRS), 2280 Airport Boulevard, Santa Rosa, CA 95403, or send email to nsrs@msn.com.

Stanford AWARDS Database
The Stanford AWARDS Database is a database of awards, scholarships and research fellowships compiled by Stanford University and available since 1986. The database contains listings for more than 2,000 sources (addresses) of scholarships, fellowships, and prizes for undergraduate, graduate, and post-doctoral study. The database is available for license by colleges, universities, and libraries. The licensing fee for each main campus is $1,250 per year. The licensing fee for additional campuses in the same university system is $250 per year, plus applicable computer time charges. For more information call 1-415-725-1651 or send email to hq.saf@forsythe.stanford.edu.

START-PC
START (STudent Aid Research through Technology) is a scholarship database that is available as a PC program to high schools, colleges, and universities. START-PC allows schools to add and maintain their own portion of the database for institutional and local awards. START-PC also lets the schools query the system by subject area and do followup mailings to students.

The high school version costs $695 per year. The college version costs $2,000 per year, and first-time college subscribers receive a 486 PC. Subscribers receive quarterly updates to the database. Individuals may search the database directly by mail for $9.50.

For further information about START-PC, or to conduct an individual START search, please call Christina Hall at 1-800-741-3863, write to START, 4370 South Tamiami Trail, Suite 313, Sarasota, FL 34231, or send email to startpc@aol.com.

Scholarship Search Software

This section lists commercial software products that include a database of scholarships. Some of these software products have license terms that preclude charging students a fee for using the software or for copies of results produced using the software.

Cash for Class
Cash for Class Version 2.0 is a Windows program that contains a searchable database of over 10,000 sources of financial aid, including scholarships, fellowships, and awards. The updated program is available on five 3.5" diskettes. The program requires an IBM compatible PC with an 80386SX or higher processor, a hard disk with 10mb free space, 4mb RAM (8mb or more recommended), mouse, VGA or compatible display, and MS-DOS Version 3.1 or later (Version 5.0 or later recommended). The program costs $39.95 plus $5 shipping and handling (plus tax in CA). To order, call 1-800-205-9581. For more information, callor fax 1-714-673-9039, write to Cash for Class, Redheads Software, Inc., 3334 East Coast Highway #216, Corona Del Mar, CA, 92625, or send email to cashclass@aol.com.

College Board's FUND FINDER
The College Board's College Cost Explorer FUND FINDER is a database of national, state, public, and private scholarship information from 3,300 sponsors (addresses). It includes a separate database of college costs and financial aid availability at 2,800 two- and four-year institutions and electronic worksheets to calculate the expected family contribution. The database is updated annually. The license agreement stipulates that users cannot be charged for use of the software or for printouts from it. FUND FINDER is available on the World Wide Web for free as ExPAN Scholarship Search.

The DOS version (386 processor, 512K RAM) costs $295 (single-computer) or $495 (multicomputer/network) with 50% off on annual renewals. Windows and Macintosh versions are available as part of ExPAN for a site license fee of $995 ($895 for College Board members). The Windows software runs in Windows 3.1 or higher, including Windows 95 and NT. A 486 with 8mb RAM is recommended for the Windows version.

For more information, call 1-800-CBEXPAN (1-800-223-9726) or 1-212-713-8165 or write to Department A6234, College Board Publications, Box 886, New York, NY 10101-0886 or The College Board, Guidance Publishing, 45 Columbus Avenue, New York, NY 10023-6992, or send email to expan@collegeboard.org.

Peterson's Award Search ($25)
Peterson's Award Search is a database of scholarships and grants from 1,900 sources. A PC version of the software comes free with Peterson's Scholarships, Grants, and Prizes 1997 (ISBN 1-56079-696-0 book + software, ISBN 1-56079-734-7 software). A Macintosh version is available upon request. The software lets you enter a profile to find a list of awards that match your interests. The matching award sources can be sorted by name, deadline, number of awards, and award amount. You can select a source for more detailed information, such as the address and description. The database contains the same information as the book. The book is available from fine bookstores, or you can order a copy by calling 1-800-338-3282 or 1-609-243-9111 or writing to Peterson's, PO Box 2123, Princeton, NJ 08543-2123.

Pinnacle Peak Solutions (Scholarships 101)
The Scholarships 101 software published by Pinnacle Peak Solutions contains information about more than 7,000 sources of academic funding representing 400,000 individual scholarships worth a total of more than $1 billion. The database includes college-controlled aid and government aid programs, as well as private-sector scholarships. The software automatically prints "request for information" letters and mailing labels. The database is updated continuously, and is snap-shotted three times a year (in March, August, and December) to produce the software. This is the software made available to schools by Coca Cola USA. The price is $99.95 for the Macintosh version and $69.95 for the Windows version. Scholarships 101 Professional provides additional features for schools, such as password protection, local area network capability, the ability to add and track local scholarships, and a 10% larger database, and costs $249.95 for the Macintosh version and $199.95 for the DOS version (not available yet for Windows). For more information, call 1-800-762-7101 or 1-602-951-9377, fax 1-602-948-7603, write to Pinnacle Peak Solutions, 7735 East Windrose Drive, Scottsdale, AZ 85260 or Pinnacle Peak Solutions, PO Box 14467, Scottsdale, AZ 85267-4467, or send email to dfenste435@aol.com.

Scholarship Finder
Scholarship Finder is a PC (Windows) program that lets you search a database of 600,000 awards (worth a total of $1.2 billion) from more than 4,000 different sources. Only scholarships that award at least $500 are listed in the database. This is the database behind John Schwartz's book College Scholarships and Financial Aid with ARCO's Scholarship Search Software, 6th edition, Macmillan, 1995. The program costs $229 and can be ordered by calling 1-800-321-9479 (order #SFW) or writing to Wintergreen/Orchard House, Inc., 14 Maine Street, Suite 203A, Brunswick, ME 04011. A demo version of the software is available.

TP Software - Student Financial Aid Search Software ($39.95)
TP Software is a software company specializing in student financial aid software products. Their web site provides information about their products and the opportunity to download free copies of their software packages:
  • College Funding Finder. Windows (2076k) and DOS (258k) versions are available.
  • The Hypertext Student Guide to Financial Aid from the US Department of Education. Windows (507k) and DOS (224k) versions are available.
Local copies of these programs are available by anonymous FTP. The free version of College Funding Finder is limited to several hundred sources of financial aid (8,000 entries). An expanded version with several thousand sources (270,000 entries) is available for $39.95. To order the expanded version of College Funding Finder, please call 1-800-791-7791 or 1-619-496-8673. For more information, call 1-619-496-8673, write to TP Software, PO Box 532, Bonita, CA 91908-0532, or send email to mail@tpsoftware.com.
Scholarship Matching Business Opportunities

The following organizations are business opportunity vendors that sell access to a scholarship database to individuals wishing to offer a scholarship search service.

College Academic Services (CAS)
College Academic Services (CAS) markets access to their scholarship database to individuals wishing to offer a scholarship matching service.

CAS claims that their database contains more than 300,000 privately funded scholarships. According to a CAS sales representative, the database contains almost 400,000 scholarships and definitely more than 375,000 scholarships, but they haven't yet updated their sales literature. The CAS sales representative emphasized that they do not count government financial aid, but she could not provide any information on the number of sponsors (addresses) listed in the database. CAS says that the typical student receives 20-30 sources per profile.

When an individual contacts CAS, they receive information about the business opportunity, some sample sales brochures, and a sample scholarship search report.

The sample sales brochures provided by CAS contain some incorrect and misleading information. For example, one brochure claims that "Every year more than $135 million in scholarship money goes unclaimed, many [sic] because students and parents do not know the money is available and guidance counselors lack a ready means for uncovering these special opportunities". Another claims that "The National Commission on Student Financial Assistance reported that of the $7 Billion dollars available to students to fund their educations, only $400 million was claimed. That left $6.6 billion dollars unclaimed! The problem is that 95% of the students apply for the same 5% of the aid available". A third brochure gives the impression that winning private scholarships is easy, saying "All you need to do is apply to the sources which we give you. They have the money set aside to pay for someone's college and it might as well be you. Then sit back and let private corporations, universities, foundations, and other charitable organizations pay for your education. ... So get started now and start enjoying the benefits of a FREE COLLEGE EDUCATION."

CAS charges a scholarship search service a one-time fee of $495 plus $25 shipping and handling. There is also a $25 processing fee per report. The CAS package, in addition to providing access to the database, includes two albums with 12 audio cassettes to explain the business, a flip chart presentation and sample sales brochures.

CAS makes the following guarantees to their search services:

"We guarantee to find each student a minimum of six sources of non-federal scholarship and fellowship funding. If we fail to provide at least six sources, you will receive a refund in the form of a certificate good for one free processing. On average we match 97% of the students with at least six sources, and the average number of sources provided is 20-25.

You may have your students choose one of the two following guarantees. First, those students that receive 6 or more sources are guaranteed to receive at least $100 in aid. If they do not receive at least $100 in aid, we will have issued a $100 US Savings bond. In order to receive the bond the student will need to provide rejection letters from all sources provided by Collage Academic Sources, a letter of acceptance from their college, and a copy of their profile.

The second guarantee states that those students that receive at least six sources of financial aid will receive at least $1,000 in financial aid from the sources they received. If the student does not receive at least $1,000, C.A.S. will rerun the profile for the student, with the student's updated application information, for up to four years (i.e., freshman to senior year, or junior year through their masters program). If the student fails to receive $1,000 they must submit a copy of the rejection letters from each of the sources he/she was given, if there was financial aid received, a letter stating the amount received, his/her student profile."

CAS recommends that their consultants, as they call their search services, charge between $89 and $129 (with the $100 savings bond guarantee) and $169 and $199 (with the $1,000 guarantee). The search services we've encountered that use the CAS database charge $45 to $159 for the basic service (i.e., lowest price charged by the search service).

The CAS sales representative says that they have 200-300 active consultants, each submitting 10-15 applications per month, with the result that CAS processes 600-800 applications every week.

For more information about CAS, call 1-801-371-9385, fax 1-801-371-9386, or write to College Academic Services (CAS), 2255 North University Parkway, Suite #15, Provo, Utah 84604.

Computer Business Services, Inc. (CBSI)/Financial Aid For College (FAFC)
Computer Business Services, Inc. (CBSI) markets access to the Financial Aid For College (FAFC) database as part of their home-based business opportunities service. They sell primarily to individuals who are looking to operate a scholarship search service. CBSI was founded in September 1981 by George and Jeanie Douglas, and claims to be the "world's largest resource for the in-home computer business".

CBSI has discontinued offering the FAFC database to new home-based business clients. Current clients will continue to be supported.

This database is a licensed version of the FUNDS database from Nebraska. Scholarship search services that use the FAFC database are not allowed to identify themselves as using the FUNDS database, because the owners of the FUNDS database exercise no control over CBSI's use of the database. The FAFC database contains 150,000 to 200,000 award listings. No information is available about the number of sources (addresses). CBSI says that the typical student receives 15-30 matches in the database. CBSI refused to disclose how many scholarship search services use the FAFC database.

When an individual contacts CBSI, they receive information about a group of 38 business opportunities, one of which is Financial Aid For College (#15). This information includes several glossy brochures and two cassette tapes, but somewhat sparse on specifics. More details are provided in subsequent contacts by an assigned "program advisor".

The CBSI brochures and tapes contain some incorrect and misleading information. For example, despite the owners of the FUNDS database no longer being located in Maryland, the tape still claims that FAFC uses a "national computer database out of Washington, DC". The tape claims that the database contains "200,000 awards worth over $25 billion", contradicting one of the printed brochures which claims that the database contains "over 150,000 awards of student financial aid worth over $30 billion". The tape also claims that "private foundations, corporations, individuals, charitable organizations and agencies gave over $75 billion last year through grants, awards, fellowships, and private gifts to students for financial aid". One of the printed brochures attributes this claim to "recent studies" by the American Association of Fund Raising Councils.

The tape also repeats the unclaimed aid myth, claiming that "The problem: Most students don't know where to go or how to find this available financial aid. According to a two-year study by the National Commission on Student Financial Assistance and the House Subcommittee on Post-Secondary Education, $6.6 billion of financial aid from the private sector has gone unclaimed each year. That's enough for every student to get $600 per year!" This statement is repeated in sample marketing materials provided by CBSI. The tape also states, in reference to the awards listed in the database, that "thousands of these scholarships and grants go unclaimed each year".

CBSI charges a scholarship search service a one-time fee of $4,578 ($1,500 extra if you get one of their computers). There is also a $10 fee per report. (Package deals for several CBSI business opportunities run $11,978 for five programs and $14,978 for ten programs, including a free computer.) The computer is used to submit the student's profile to CBSI for matching against the database and for receiving back the student's report.

CBSI suggests that their centers, as they call their search services, charge $39.99 to $59.99 per search. The search services we've encountered that use the FAFC database charge $30 to $75 per search.

For more information about CBSI, call 1-800-343-8014 x2063, 1-800-545-2274, 1-317-758-4415, or 1-317-816-7190, fax 1-317-816-7329, write to Computer Business Services, Inc. (CBSI), Suite 2063, CBSI Plaza, Sheridan, IN 46069, or send email to webmaster@cbsi.net. The 2063 suite or extension is a code that identifies you as having obtained the information from their web site.

[The Federal Trade Commission issued a press release on August 14, 1996, concerning a CBSI settlement of FTC charges. The press release is entitled Business Opportunity Firm Selling Home-Based Computer Businesses Pays Record $5 Million to Settle FTC Charges. A text version of this press release is also available.]

Educational Information Services (EIS)
Educational Information Services (EIS) markets access to their scholarship database to individuals wishing to offer a scholarship matching service. EIS calls these individuals "affiliates". EIS says that they have a separate division that markets their database to schools.

EIS says that their database lists 335,000 awards and does not specify how many sources (addresses) are included in the database.

When an individual contacts EIS, they receive information about the business opportunity and a sample sales brochure. These contain some misleading information. For example, the sales brochure repeats the unclaimed aid myth, saying

According to several published reports, many scholarships go unused because "parents and students do not know where to apply." Numerous "educational think tanks" have concluded that countless millions of private sector financial aid goes unused.
The brochure adds that
This is despite the fact that according to a Gallup Poll, "many young people are passing up a college education because they don't know that the money is available."
The booklet describing the EIS Affiliate Program has the same quote from the Gallup Poll, but with four additional words: "from the federal government".

EIS charges their affiliates a one-time setup fee of $498 and a monthly updating fee of $10 per month, billed quarterly. There are options to get the updating fee waived, such as sending in information about scholarships mentioned in a local newspaper. The first 25 searches are free, and any additional searches cost $11 each. EIS also sells a variety of supplies to their affiliates, such as marketing materials, student data forms, and printout envelopes, at prices of $100 to $200 per thousand. These promotional materials are titled "Money For College".

EIS guarantees that the student receive a minimum of 7 potential financial aid sources from the private sector, or EIS will return the $11 processing fee with whatever listings were found at no charge. EIS says that the average student receives 21 listings.

EIS says that the affiliates are free to set their own prices, and that the typical price ranges from $35 to $89. The search services we've encountered that use the EIS database charge $45 to $59.

EIS says that they have about 500 active affiliates and that they process about 750 applications per week.

For more information about the EIS Affiliate Program, call 1-800-209-5339 or 1-941-922-3507 (sales) or 1-941-922-3473 (service), fax 1-800-741-8329, or write to Educational Information Services, 4370 South Tamiami Trail, Suite 313, Sarasota, FL 34231.

National Computerized Business Services (NCBS)
National Computerized Business Services (NCBS) markets access to their scholarship database to individuals wishing to offer a scholarship matching and consulting service. NCBS calls these individuals "Financial Aid and Scholarship Sourcing Consultants". NCBS was founded by David Muncie.

This database is a licensed version of the FUNDS database from Nebraska. Scholarship search services that use the FUNDS database are not allowed to identify themselves as using the FUNDS database, because the owners of the FUNDS database exercise no control over NCBS's use of the database. NCBS says that this database contains listings for more than 150,000 awards. NCBS was unable to say how many sources (addresses) are listed in the database. NCBS says that the typical student receives between 15 and 30 listings in their report.

When an individual contacts NCBS, they receive information about 10 business opportunities, one of which is "College Financial Aid". The information includes a short brochure and a cassette tape. The tape mentions the unclaimed aid myth, saying that "a significant amount of financial aid goes unclaimed each year just because qualified recipients don't know about it or how to apply for it".

NCBS charges their consultants $2,995. There is also a $15 fee per search. If the consultant transmits the student data forms and gets the results of the search by computer, there is a $195 support fee after the first year. (There is no fee for faxing the forms and receiving the results back by US mail.) In addition to access to the "National Database", the NCBS package includes video/audio training tapes, reference manuals, software, client forms, sample marketing materials, a marketing manual, and customer support.

NCBS says that the usual consultant charges between $49 and $149 to assist students in seeking government aid and to generate a customized financial aid report from private sources.

For more information about NCBS, call 1-800-616-6227 or 1-916-933-1533, fax 1-916-933-1551, write to National Computerized Business Services (NCBS), 5000 Windplay Drive, Suite 1, El Dorado Hills, CA 95762, or send email to info@ncbs.win.net.

 

 
Home | Loans | Scholarships | Savings | Military Aid | Other Types of Aid | Financial Aid Applications
Answering Your Questions | Calculators | Beyond Financial Aid | Site Map | About FinAid®
Copyright © 2014 by FinAid Page, LLC. All rights reserved.
Mark Kantrowitz, Founder
www.FinAid.org