Scholarships are increasingly available for many online students

More scholarships are available for online students.
More scholarships are available for online students.

Nearly two-thirds of college undergraduates received financial aid to support their studies during the 2007-2008 academic school year, according to the National Center for Education. A number of institutions have recently announced new scholarship programs that will benefit online students who are looking to pursue higher education.

Through online courses, in particular, students can balance their hectic schedules and employment obligations. Scholarships that are offered by web-based institutions can help make education more affordable.

For instance, Walden University recently launched four separate scholarship programs. The school's Richard W. Riley College of Education and Leadership will help students pursue work in the education field. Graduates may find employment as administrators for community colleges.

Of the four scholarships, one is worth $10,000, and three are worth $5,000 each. Additionally, the Terry O’Banion Leadership Scholarship can reward higher education students with $25,000.

Online education provider Grantham University (GU) has also created a new tuition assistance program to facilitate enrolling in an undergraduate or graduate degree program at GU. The school paired up with the Federally Employed Women's (FEW) Foundation for Education and Training to help support members, their spouses and children. The scholarship is worth $36,000.