Website Offers $41 Billion in Financial Aid for Students
Tuition Funding Sources website redesign and enhancements offers students the largest scholarship data base in the world
SALT LAKE CITY, May 20, 2015 – Falcon Management Group, Inc. today announced the launch of Tuition Funding Sources (TFS), a search engine website that has been redesigned with a streamlined user interface that offers greater functionality to help high school, undergraduate and graduate students find scholarships, grants, fellowships and assistantships.
Since its debut in 1988, TFS has remained a free online service that effectively matches applicants with scholarships based on their own unique goals and interests. In addition to providing financial aid resource information, the new TFS site introduces blogs and news articles designed to provide guidance and best practices on how to apply for college and identify a studies major and potential career path.
“Tuition costs show no signs of declining and as a result students are left with the burden of having to spend more time figuring out how to offset the rising costs of higher education,” said Richard Sorensen, president of Falcon Management Group, Inc. “Students seeking financial aid are looking for efficiency and easy-to-use resources, and those students will find that experience and have a better chance of finding a scholarship at Tuition Funding Sources than through any other website.”
Continual increases in tuition and fees have pushed the cost of a college education beyond the means of most families. The Bureau of Labor Statistics reports that since 1978, college tuition has increased by 1,225%. During that same time period, the price of food has increased 257% and medical costs 634%. Tuition prices have gone up four times faster than the consumer price index.
“Paying for an education remains one of the most critical financial events for students, parents, and families,” said John Rasmussen, Wells Fargo’s head of Education Financial Services. “Scholarships are often considered one of the best ways to finance an education because it’s money that doesn’t need to be paid back. The new Tuition Funding Sources website and our continued support of their efforts to put scholarships in the hands of students, I believe will help students to realize their dream of attending college.”
The Federal Reserve Bank of New York reports that during their lifetime college graduates will earn well over $1,000,000 more than a person with just a high school education. So while the cost of a college education may seem imposing, the cost of not going to college is likely to be much greater.
Falcon Management Group, Inc. has been acquiring scholarship information since 1987 and has amassed information on more than $41 billion in available awards. Wells Fargo became the exclusive sponsor of TFS in 2014 in an effort to help students take advantage of every available source of funds to pay for their college tuition.
For more information about Tuition Funding Sources visit www.TuitionFundingSources.com.
About Tuition Funding Sources
Tuition Funding Sources is a private service created in 1987 to help students find scholarships, student loans and other forms of financial aid to help pay for a college education. The Tuition Funding Sources website also provides students with a career personality test, and detailed career information. Students using Tuition Funding Sources can determine what careers suit them best, find schools that offer degree programs in those fields and then discover scholarships and other forms of financial aid to help pay for college tuition and expenses. On average, 5,000 new scholarship awards are added to the database every month in an effort to stay current with national scholarship growth rates. Tuition Funding Sources has been collecting scholarship information every year since 1987, making it one of the oldest and most trusted names in the industry. Learn more about Tuition Funding Sources.
About Wells Fargo Education Financial Services
Wells Fargo Education Financial Services has been in the student lending business since 1968 and currently serves more than 1.3 million student, parent and family private student loan customers in all 50 states. Wells Fargo provides private student loans to consumers, through the Internet and at more than 6,000 Wells Fargo banking stores to help customers finance their education. Wells Fargo Education Financial Services also provides customers with tools to help them succeed financially while in school and prepare them for when they finish college. Through the Wells Fargo Foundation, we partner with nonprofit organizations and stakeholders to strengthen our goal of providing high quality assistance to those individuals who are working to achieve their educational dreams. Learn more about Wells Fargo Education Financial Services.