College Treasure launches new site to benefit scholarship seekers
Released on: October 5, 2008, 11:24 pm
Press Release Author: James Maroney
Industry: Education
Press Release Summary: http://collegetreasure.com has launched a new site for the benefit of scholarship seekers. Speaking on the occasion of the launch, Mr. James Maroney, founder of the company said that the site has been launched to give students the help required in securing a scholarship. The site will share lot of information on how to get scholarships easily. The site has been designed after detailed discussions with experts in the field who have given their valuable suggestions. CollegeTreasure.com has one of the fastest mechanisms to search for colleges based scholarships. He said that many students miss out on their undergraduate scholarships because they do not have access to the right kind of information. Mr. Maroney said that collegetreasure.com will try to eliminate this information gap.
Press Release Body: http://collegetreasure.com has launched a new site for the benefit of scholarship seekers. Speaking on the occasion of the launch, Mr. James Maroney, founder of the company said that the site has been launched to give students the help required in securing a scholarship. The site will share lot of information on how to get scholarships easily. The site has been designed after detailed discussions with experts in the field who have given their valuable suggestions. CollegeTreasure.com has one of the fastest mechanisms to search for colleges based scholarships. He said that many students miss out on their undergraduate scholarships because they do not have access to the right kind of information. Mr. Maroney said that collegetreasure.com will try to eliminate this information gap.
Mr. Maroney gave a detailed presentation on the various features of the site. He said that the site has scholarship details of 1200 colleges. It has also has details of various sources of scholarships. Scholarships are granted by Government, colleges, and individuals or private organizations. One can find details on all these sources from the site. Mr. Maroney explained that extensive primary and secondary research was undertaken before the site was fully launched. He said that promotional activity has already started and the site has already received enthusiastic response from guidance counselors and other education professionals. Further, he expects a huge response from the student community who are seeking scholarships. Students who want to use the feature of this site need to create a profile. After creating their login, students can use all the features. The best part of http://collegetreasure.com is the free service. Students do not have to pay for any of the services at present. When asked by journalists whether CollegeTreasure.com would charge students for any of the services offered in future, Mr. Maroney said that there is no thought along those directions at present.
He said that giving scholarship opportunities to students is the primary objective of the site. The homepage also has a section which showcases the “Most popular Colleges” of the week. Answering journalist’s question on the funding of the site, Mr. Maroney said that the funding has been done in his own personal capacity and also from a couple of private investors. He mentioned that he hopes to recover the investments in the next couple of quarters. He said that once the site is fully functional and traffic reaches to the desired target the break-even can be easily achieved.
He mentioned that funds meant for merit scholarships remain under utilized because information is not reaching the desired audience. http://collegetreasure.com will ensure that American students get the desired benefit by utilizing these funds. He plans to expand the site to include scholarships for international students in the future. In a post lunch tête-à-tête he was seen elaborating on the entire undergraduate scholarship process. He said that once scholarship information starts percolating down various layers, students will start deriving the benefits of the process. He urged people to visit the site and give their valuable feedback. He said that the site is updated at a regular frequency to include more information about merit scholarships. All valuable feedback with be incorporated in the next release.
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