July 3, 2008
A college education is an expensive purchase. It’s certainly an investment, but an expensive one nonetheless. Many students are forced to take out thousands in student loans to afford college, but some are so close to paying for school that accumulating college debt on account of minor need would be a shame.
For many such students, tuition installment plans may be a good option. Certain colleges and universities allow students to split up their semester or trimester payments into monthly installments. They pair up with one or more tuition installment plan companies which administer the services, and make the option of enrolling available to those who are interested.
Students and parents who receive steady paychecks and those awaiting college scholarship or grant awards may benefit from the tuition installment plan option. Such plans are interest free, but, unfortunately, they are not cost free. Individuals who use tuition installment plans usually have to pay administering companies annual enrollment fees or finance charges, ones that usually average between $30 and $60. Certain participating colleges may also ask that those enrolled pay a large portion of their college tuition and fees up front.
Students considering a tuition installment plan should contact their college financial aid office to find out if the plan is available and, if so, what fees are involved.
July 2, 2008
On Tuesday, ACT and College Board (the administrators of the ACT and SAT tests) released a conversion table that could be used to compare scores of students who completed either exam. According to The Chronicle of Higher Education, the table was based on a study of more than 300,000 students who had taken both tests between 2004 and 2006.
The two test providers release a similar table every few years, but the latest chart was a necessary update due to a change in the SAT format. In 2005, College Board added a new mandatory writing section to their exam, one that is optional for ACT takers. To better assist college administrators in making their admissions decisions, the new table predicts the SAT scores of students who chose to opt out of the ACT writing section as well as of those who completed all portions of the exam.
Students who did not take the writing section and received a score of 21 (the average composite score on the ACT), could expect a combined critical reading and math score of 990 on the SAT. Those who chose to complete the writing section of the ACT and received a composite English and writing score of 20 could expect to receive a 490 on the writing portion of the SAT.
College Board stressed that the comparisons were estimates and that a student’s results on one test did not necessarily ensure the suggested equivalent. The company stated that, “In general, the scores should not be compared. However, we understand that our constituents, particularly members of the admissions community, have a need to assess the test scores of students, some of whom might have taken the SAT, while others might have taken the ACT.”
July 1, 2008
Despite an initial House split over some of the bill’s provisions—an incident which nearly doomed approval by the House—an agreement on the veteran college aid bill was reached by both Congress and the President. On June 30, President Bush signed into law the bill which would, among other things, provide veterans of the Iraq and Afghanistan wars additional assistance in affording a college education.
The new law—similar in content to the WWII GI Bill—will call for an increase in the college financial aid awarded to troops who have served in either war for a minimum of three years. Sufficient assistance to pay for the most expensive public college or university in their respective states will be available to the veterans. Those who are eligible will also receive a monthly stipend to offset housing costs and other college-related expenditures.
The legislation will more than double the federal funding veterans previously received for a postsecondary education. Even those who are not currently planning for college can benefit as the money may be transferred to a veteran's child or spouse.
Perhaps the more controversial part of the bill was that which allocated $162 billion to the wars in Iraq and Afghanistan. According to ABC News, the new funds would bring the total amount approved for war expenditures to about $850 billion over the last five years. In reference to the bill, President Bush stated that, "Our nation has no greater responsibility than to support our men in women in uniform - especially because we're at war."
June 30, 2008
The Tea Council of the US, an organization of tea packers, importers and allied industries within the United States, is sponsoring the Calm-A-Sutra of Tea $20,000 Scholarship Competition . Students who are interested in applying will have to come up with a creative video that demonstrates an interesting way of drinking tea and mentions the health-related benefits of the beverage. Judges will consider the health-related content, the creativity and the individuality of submissions. Last year’s applicants had exceptionally kooky ideas, so applicants will have to stretch imaginations to their fullest. For such a large dollar amount, it’s worth it.
1. One $20,000 Scholarship
1. Applicants must be legal residents of the U.S. or Puerto Rico. 2. Applicants must be at least 16 years of age as of May 8, 2008.
August 6, 2008
A one to two minute Internet video that describes the benefits of drinking tea and portrays a unique way of drinking it
Further details about the application process can be found by conducting a free college scholarship search. Once the search is completed, students eligible for the award will find it in their scholarship search results.
June 27, 2008
Kathy L. Hardy, her two daughters and two other associates are being charged for having allegedly taken out numerous fraudulent private student loans since 2005. The five women were accused of having received a combined sum of more than $690,000 by filling out over 70 student loan applications, reported U.S. News.
Though many of the loan applications were denied, a number of lenders, including Sallie Mae, the biggest student lender in the business, lent tens of thousands to the applicants. By using stolen Social Security numbers and the information of victims whose names resembled their own, the five women were able to slip by lender verifications.
The FBI's investigation into the matter began when one of the victims complained that someone had taken out a loan under her name. Upon further investigation, it was found that the women alleged to have been at fault had stolen numerous identities—including one that belong to a deceased person—to collect money.
The case raised concerns that the stealing of identities to obtain private student loans may be too simple. Because private student loans are easier to obtain than Federal Stafford and Perkins Loans, and because private student loans are not sent directly to colleges and universities, the potential for fraud may be considerable.
To minimize the chance that similar problems will arise in the future, a congressional provision that would force student lenders to forward loans directly to schools is being considered. The suggestion has received mixed reviews from lenders who, one hand, would like to eliminate the possibility of fraud, and, on the other, want to facilitate the borrowing process for potential customers.
June 26, 2008
On Tuesday, a Senate panel approved a budget that would increase, among other things, the Pell Grant funding for the 2009 school year. Currently, students who demonstrate financial need—as determined by a Department of Education's FAFSA calculation—can receive no more than $4,300 in Pell Grant money, but not all eligible students receive the full sum. For the upcoming year, the Pell Grant cap will be $4,731. If the Senate panel’s budget is approved by the Senate Appropriations Committee and by the Senate, students could be eligible for up to $4,800.
According to The Chronicle of Higher Education, the Senate panel’s bill would also provide new funding for the TRIO program, a seven-part financial aid initiative created to aid students from disadvantaged backgrounds and those facing circumstances that might hinder their academic pursuits. Additionally, it would provide colleges and universities with more money to pay for the Perkins Loan forgiveness program, one wherein colleges cancel the loans of students who enter select public service fields.
Today, the new initiative will move from the Senate panel to the Senate Appropriations Committee, and, if approved, it will be voted on by the Senate. Any differences between the Senate and House versions will have to be ironed out, and, only then, will President Bush have the option of signing.
June 25, 2008
Senior year is a breeze right? Yeah right. Between homework, standardized testing, applications and internships, things couldn’t be further from the truth. And for those of you who decide to enroll in advanced placement classes, things could get hectic. But you will get through it, and you can do so successfully. The tips below may help you manage the schedule you have and obtain the grades you want.
Don’t ignore the second semester. After all applications are sent out, once the preliminary acceptance letters are received, it’s easy to breathe a sigh of relief. Unfortunately, AP classes are still in session during the second semester, and pushing through these final months can make or break your scores. Advanced Placement classes require serious effort; obtain the rewards that accompany them.Prioritize test material. Most teachers will, to some extent, emphasize test material during class discussions. They know that AP classes are difficult, and they want you to succeed on final exams. Take note when you hear that something may show up on the test. Ultimately, you only have so much time in your schedule, and, if you can’t learn everything, at least learn what you need to know to earn a passing score.
AP first. All classes are important, but AP ones offer college credit potential. Therefore, when possible, address assignments dealing with these classes first. Once you have applied to schools, your overall GPA won’t be a major issue—assuming it does not drop drastically—but AP scores will. If you can’t give all classes full attention, at least address the ones that can lessen your college workload.
June 24, 2008
On February 14, 2008, five students were killed in a shooting at the Northern Illinois University in DeKalb. It was the fourth-worst university shooting in the history of the United States, following the Virginia Tech massacre, the University of Texas Clock Tower shooting, and the California State University massacre. As surprising and mystifying as the crime was, donors from across the country have made one thing clear—the victims will not be forgotten.
To honor those who were killed, scholarship providers large and small have pulled together $500,000 to create a scholarship for students of NIU, and more donations are expected. The new scholarship fund will be called “Forward, Together Forward,” a line from the university's Huskie Fight Song, stated the Associated Press. Nearly 1,500 donors have pitched in to establish the fund—without solicitations.
The university plans to award five scholarships each year, to be granted on the annual anniversary of the shooting. The first scholarships will be awarded on Valentines Day of 2009. According to The Northern Star, Northern University’s student newspaper, winners are expected to receive about $4,000 each and will be selected by a provost-designated scholarship board.
The new scholarship fund will help students significantly decrease the costs of their education, especially now that an increase in NIU tuition has been announced. During the 2008-2009 school year, college rates will increase by about 9.5 percent.Those who receive the scholarships will be able to both meet and exceed the increase. Further details about the award are expected in the coming months.
June 23, 2008
The True Patriot Network, publisher of “The True Patriot" pamphlet, is awarding a college scholarship to students who write the best response to the question, "What does true patriotism mean to you?" The providers of this award are dedicated to instilling in current politics the founding moral framework of America—regardless of party association---and hope to increase student involvement in politics. High school students interested in furthering their knowledge of the government, and in applying for this essay scholarship, may be eligible to win $25,000 for their postsecondary education.
1. Applicant must be a high school student. 2. Applicant must be residing in the US. 3. Applications must be submitted in MS Word, in 12 point type, and must be double spaced. 4. Each essay page must include a name, title and contact information.
September 1, 2008
1. An essay of no more than 1500 words answering the question, “What does true patriotism mean to you?”
June 20, 2008
It’s one of the first pieces of advice future college students receive—don’t live with your friends. I beg to differ. Whoever began this vicious rumor—I hate to be the bearer of bad news—was probably a poor roommate to begin with. Yes, living with a friend may lead to sporadic tensions, but so will living with anyone. And the pros of sharing a space with someone you already know generally outweigh the cons. Here are few reasons why living with a friend may actually be a good thing.
You Can Practice Your Social Skills. College is a great time to practice your communal living habits. Unless you plan to spend the rest of your days on a parents’ couch, you will move out someday—probably with someone you care about. Living with a friend will teach you how to compromise and to respect the space of someone you would like to maintain a relationship with. If you know that you can easily ditch your roommate the following year, putting forth a serious effort may be more difficult.
You Know What You’re Getting Into. Going on a year-long blind date may seem exciting---at first. Sure, things often work, but when they don't, roommate problems can get ugly. Even if you're not completely familiar with your friend’s nonexistent sanitary habits—though you've probably been tipped off at some point—to some extent, you'll know what to expect. Things could be much worse. I've seen a roommate who stayed inside a one-bedroom dorm 24-7 playing videogames, one who left trash bags in their roommate’s bedroom after a party (not to mention the dirty plates that lined the hallway) and a few who decided that their significant others would make the perfect third party.
You Can Create a Stronger Bond. Yes, you bond with high school friends, but it’s just not the same as living with them. Even when things get awkward, when you’re mad but don’t want to talk about it, living with each other will bring you closer. You may not realize it until you've moved out, but once things are all said and done, you’ll be able to reminisce about what you went through and hold debates about who was most obnoxious.
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