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SALT LAKE CITY (AP) -- Some Utah college students are getting a lesson in economics.
While demand for college scholarships is on the rise, the amount of money available is not. So distribution of the funds is getting thinner.
Dave Buhler, associate commissioner for the Utah System of Higher Education, says the money just isn't there because of the high demand for scholarships and budget cuts.
Students who received new or continuing New Century Scholarships from the state will get about 40 percent funding for college tuition -- down from 75 percent. It decreases to 25 percent next year.
New Regents' Scholarship Exemplary Awards drop to 55 percent for the coming school year.
Information from: The Salt Lake Tribune
(Copyright 2009 by The Associated Press. All Rights Reserved.)