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A decade of tuition and fee hikes has put the cost of a college education at an all-time high. While the recent economic downturn has only added to the growing burden on families, Lowe's is helping students across the United States manage the financial challenges of a higher education.

In 2010, Lowe's Charitable and Educational Foundation awarded 190 scholarships totaling $600,000 to students based on academic achievement, leadership and community involvement. Students must have a minimum 3.25 GPA. A $2,500 Lowe's Scholarship was given to 140 high school seniors with plans to attend accredited two- or four-year colleges or universities in the United States. Fifty students were awarded a $5,000 Carl Buchan Scholarship. The Buchan Scholarship is open to full-time and part-time Lowe's employees, their spouses or domestic partners, and their dependents.

Lowe's scholarship program has awarded more than $2.4 million in scholarships since 2007, benefitting nearly 1,200 students.

For more details on the 2010-2011 scholarship programs, visit Lowes.com/Scholarships.

Updated Aug. 16, 2010