May 26, 2011
When people hear I’m getting ready to leave on my third study abroad, there are no questions asked – just resentful looks that say ‘Well, aren’t you the cultured little rich girl.’ Okay, maybe the looks aren’t that venomous but the idea holds true. If you are considering studying abroad but think you can’t afford it, listen up: You can.
My first study abroad was paid for in the way many people pay for a pilgrimage to the Holy Land: through money left by my grandparents. There was something tender about imagining my grandfather working hard as a schoolteacher and saving every penny – pennies that would one day take me to Jerusalem. But the inheritance-type funds had run dry when I was asked to go to Southeast Asia for a summer, so my second study abroad saw a more creative, financial-finagling me.
The first step in paying for a semester of international intrigue is finding funding from your home institution. Most international study programs have discount or program-specific scholarships. Also, make sure you fill out the FAFSA to get a Pell grant if you’re eligible. Not everyone knows those government pick-me-ups can be applied to international study...but now you do. Go after one!
There are study abroad-specific scholarships all over the Internet (Scholarships.com is rich with financial opportunities that can be applied). The Phi Kappa Phi Study Abroad Scholarship and the Benjamin A. Gilman Scholarship are two of the most well-known sources of study abroad funding, plus oodles of country-specific and area of study specific-grants.
If you are persistent about diversifying your sources of funding, studying abroad can be less expensive than staying on campus. The most important thing is not to let the cost of a plane ticket or the dollar-to-euro exchange rate scare you away from what will be a fulfilling experiences in your young life. There’s no rule that says only rich kids can travel; if you dream of pyramids or tropical breezes, stop dreaming and start doing. Bonus: Studying abroad provides rich material for grad school application essays.
Mariah Proctor is a senior at Brigham Young University studying theatre arts and German studies. She is a habitual globe-trotter and enjoys acoustic guitar, sunshine and elephant whispering. Once the undergraduate era of her life comes to an end, she plans to perhaps seek a graduate degree in film and television production or go straight to pounding the pavement as an actor and getting used to the sound of slammed doors. Writing has and always will be the constant in her whirlwind life story.
October 11, 2007
It’s been a long year for colleges across the nation. Aside from the student lender and college study abroad fiascos, investigators are looking more closely at the handling of endowments by colleges.
According to The Chronicle of Higher Education, many schools have accumulated large endowment funds, some in excess of $1 billion. This is tax-free money, and if investments are well-planned, interest will lead to annual gains.
Despite this, college tuition rates have soared across the country, and students are increasingly left with debts that sometimes mirror mortgages. A proposal that could allay this problem involves forcing schools with large endowments to spend about 5 percent of their money each year, or be subject to taxes. After all, endowments are meant to aid, not hoard.
But some schools say that this is not as easy as it may seem. People who donate often leave specific instructions for endowment spending. Money may be set aside, for example, for students who are financially needy and epileptic, or for those who conduct research in the hearing sciences.
Based on the written testimony of four higher education associations, the American Council on Education, the Association of American Universities, the National Association of Independent Colleges and Universities and the National Association of State Universities and Land-Grant Colleges, proposed legislation is based on inaccurate college endowment information.
According to the testimony, an average of 80 percent of endowment assets were restricted at public institutions in 2006, and 55 percent were restricted at private ones. That, of course, still leaves plenty of unrestricted funds that could be used to greatly relieve student needs. This, by the way, is what higher education associations already claim to do.
The issue is a bit of a slippery slope. Endowments could diminish if expenditure choices were left up to college officials. Plus, available money doesn’t necessarily translate into swimming pools of cash for directors to dive into.
Then again, tuition is getting out of hand, and storing large amounts of money when students have little choice but to take out excessive loans seems a bit immoral. Perhaps additional information is needed on unrestricted money expenditures and on how much is needed to maintain interest that would keep funds afloat.
September 6, 2007
A grant is a sum of money that does not have to be paid back. Because, like grants, scholarships are sums of money that do not need to be repaid, some grant providers use the terms interchangeably. Stipulations for both vary greatly, and the lines between the two are frequently blurred. Whether they are awarded by the government
or another donor, grants are a very popular source of financial aid for college. Each year, students across the country apply and receive grants that make it possible
for them to attend the schools of their choice.
The government provides grants for many students who submit their FAFSA. Currently,the government offers five types of need-based grants to college students. There
are Pell Grants, Federal Supplemental Education Opportunity Grants (FSEOG), Academic Competitive Grants and National SMART Grants, the most popular being the Pell. These grants are considered to be the foundations of financial aid packages, and all other financial aid should be taken advantage of once a student exhausts their grant funds.
Undergraduate students who, based on their FAFSA, show financial need are the main recipients of need-based government grants. For the 2007-2008 school year, students may receive up to $4,310 in Pell Grant money. Students who show extreme need, graduate from a competitive school or plan to major in the math & sciences may be eligible for additional grant money.
Unfortunately, the government reserves most of its need-based grants for undergraduates. However, there are some government-assisted grant opportunities for students who
demonstrate merit or who wish to enter a certain sector of the economy.
Many students go straight to the government to find college grants. Because submitting a FAFSA kills a few birds with one stone—a student can find grants, loans, and federal work study with one form—it makes sense that government grants are popular. But a college grant search does not need to stop at the gates to the white house. Colleges, universities, organizations and personal providers offer numerous grant opportunities for both undergraduates and graduates. Scholarships.com can help you find them.
Students who search for outside undergraduate grants may have some work to do. Such grants are out there, but many do require students to perform research or internship work. Because many providers prefer to offer such opportunities to graduate students,outside grants are more popular amongst the older crowd. Seeing as many students
search for internship opportunities regardless of pay, on-the-job compensation may be an excellent perk. Students who have an interest in wildlife and are willing
to work on a project in the New England area, for example, may be eligible for the A.V. Stout Fund grant. With a little work, winners can receive about $1,000-$3,000 in financial aid.
Looking to outside organizations and universities for graduate grants is a student’s best bet. Because the government isn’t much help when it comes to need-based grants,it is a good thing that outside grants, scholarships, and government loans are still an option. As is true of much graduate financial aid, many opportunities are merit
based. They may also require that recipients conduct research. Organizations who would like to encourage the growth of a certain career sector frequently offer grant
opportunities to graduate students.
Undergraduate and graduate grant opportunities are readily available to college students. All it takes is a little searching and, if research or an internship is involved, some dedication. For undergraduates, submitting a FAFSA may be all it takes.
September 10, 2007
Any time is a good time to conduct a fellowship search, but the beginning of each school year is particularly good. Many fellowships are awarded on a yearly basis, and applications need to be submitted before the term begins—on time.
For graduate students, free government Pell Grants are no longer an option, and limiting loans should be a top priority. It is irritatingly ironic that many graduate school programs are more expensive than undergraduate ones, but less government aid is available.
Loan burdens may be so dire that, even after studying for years, many cannot enter their chosen careers without defaulting on loans. According to the Chronicle of Philanthropy, the average graduate student ends school $45,000 in debt (compared with $18,000 for undergraduates). A lucrative job is needed to pay off such loans—especially when potential car, home and family expenses are taken into account.
Fortunately, aid in the form of fellowships tends to be pretty lucrative, often numbering in the thousands. Stipends and award renewal opportunities may even be involved.
Students may search for fellowship opportunities by visiting Scholarships.com and by browsing through college financial aid websites. At Scholarships.com, students can find scholarship, grant, and fellowship information on more than 2.7 million awards worth over $19 billion in aid.
Getting a head start will give students additional time to deal with application problems that may arise. Fellowships can be hefty, but so can the competition. Applying early may give students the edge they need to win.
October 2, 2007
November 27, 2007
The government funds a number of financial aid and mentoring programs, and you are probably—no offense—unaware of most. It’s not your fault. Most students are not well-versed in matters of federal aid because they have not been informed about their options. Aside from the best-known federal grant, the Pell Grant, most students know little about available federal aid.
The TRIO program (no, this is not an acronym) is one of the lesser-known federal financial aid and counseling programs. It was created to assist students from disadvantaged backgrounds as well as those facing circumstances that hinder their academic pursuits. The TRIO program is made up of six different student programs and a training program for TRIO program staff. It not only addresses financial obstacles caused by affording an undergraduate education but also those caused by affording graduate school.
To be considered disadvantaged, students must have an maximum annual income of $15,315 for a one-person family unit, $20,530 for a two-person family unit, $25,750 for a three-person family unit and $5,220 for each additional person. (The income cutoff is higher in Hawaii and Alaska.)
The student programs offered through TRIO include:
Ronald E. McNair Post Baccalaureate Achievement Program- This program was created to increase the number of underrepresented students who obtain graduate and doctorate degrees. Eligible students who demonstrate strong academic potential are assisted in their preparation for graduate studies with counselor support, financial aid, research and internship opportunities as well as tutoring programs.
Student Support Services (SSS) Program- The SSS program assists students in meeting their basic college requirements. The goal of the program is to increase student graduation rates and the number of students who continue their education. Eligible students will receive help in securing admission and financial aid to four-year colleges and universities, personal counseling, tutoring assistance, career planning and college scholarship information.
Talent Search- Students eligible for the talent search aid are assisted in completing their high school education and attending a college or university. Eligible disadvantaged students will be offered tutoring, career search aid, college information, counseling and mentoring services.
Upward Bound- The Upward Bound program assists high school students in preparing for college. It awards aid to financially disadvantaged students, students whose parents did not obtain a bachelor’s education and low-income first-generation veterans pursing a college education. Upward Bound projects include tutoring in math, science, composition, literature and foreign languages. Students are also offering counseling, cultural enrichment programs and work-study programs.
The Upward Bound Math-Science Program- This program was created to improve the math and science skills of students and to encourage them to pursue a degree in the math and sciences. Participating students will receive aid with the help of summer programs, counseling, computer lessons and the opportunity to work with college faculty and graduate students on science research projects.
The Educational Opportunity Centers Program- The Educational Opportunity Centers Program is an assistance service for adults who need help in their pursuit of a postsecondary education. Eligible adults will receive personal counseling, information on college financial aid and tutoring aid.
December 19, 2007
The whole “college graduates earn $1 million more than non graduates over their lifetime” stat is getting a bit trite. I’ll give you a few more if you’re not convinced that college is a worthwhile investment.
College graduates enjoy greater career security
College graduates can offer their children a more secure financial future
College graduates are healthier
College graduates are more likely to contribute to society
Anyway, you get the picture. The problem isn’t that the whole “follow your dreams” thing makes no sense. The problem is affording those dreams and affording the time and preparation it takes to follow them. Most of us don’t make enough money to loll around devoting our days to perfecting our sculpting skills and sharpening our 3 point shots. Even those with less risky dreams can’t always afford to test the waters, especially if the schooling required to get those jobs is too expensive and time consuming. That’s why so many students find themselves having to compromise their initial career goals after realizing their dream jobs won’t allow them to pay off student loans. Let’s just say that the need for qualified teachers isn’t caused by a disinterested public.
Sorry, I didn’t mean to be gloomy. I swear there’s a silver lining. Financial aid in the form of government grants and outside scholarships is readily available to students in difficult situations. Without a cloud of college debt hanging over your head, “The Road Not Taken” may suddenly become an option. The financial aid information found at Scholarships.com will help you familiarize yourself with the FAFSA, government grants, corporate scholarships, private scholarships, the ins and outs of student loans and myriad other financial aid opportunities. Whether you’re interested in preliminary information or ready to get down to business by finding scholarships, we can help you do it.
If you’re not convinced, you can take a tour of our site. Visit our homepage, and take a sort of “Tour de Scholarships.com” if you will. We can help you see how conducting a free college scholarship search will help you find scholarships and grants that, based on the information you provide, you're eligible to receive. Find New York scholarships, scholarships for graduate students, scholarships for minorities, poetry scholarships, music scholarships—you name it, we’ve got it. With information about more than 2.7 million scholarships and grants, Scholarships.com offers more than you’ll know what to do with. If you’re not convinced yet, just take the tour. Like the search, it’s free. You’ve got nothing to lose, and a world of financial aid opportunities to gain.
February 28, 2008
Students eager to work for multiple degrees deserve some credit--the financial kind. Paying for graduate school is difficult, and many students leave burdened by debt they cannot realistically pay off. The federal Pell Grants students may have received as undergraduates are no longer available, and suddenly, graduate school may no longer seem plausible.
The situation is particularly problematic for students interested in receiving a doctor's degree because many such programs take an average of six to seven years to complete. Most students cannot afford to work and study full-time, so completion of school often hinges on one's ability to afford it. To help graduate students pay for their living and research needs, many universities and financial aid providers offer annual research grants, scholarships and fellowships. To get you started, we have listed a few examples below. For additional information about financial aid for graduate students, you may conduct a free college scholarship search.
AMAF Valuing Diversity Ph.D. Scholarship
This scholarship was created by the American Marketing Association Foundation (AMAF) and the AMA Academic Council to assist students from underrepresented populations in their pursuit of a marketing-related degree. African American, Hispanic American and Native American students enrolled in a full-time AACSB-accredited marketing doctoral program are eligible for this award.
Society of Pediatric Psychology Student Research Award
The Society of Pediatric Psychology Student Research Award is available to current student members of the Society of Pediatric Psychology (SPP). Research projects leading toward a master's or doctor's degree, or ones conducted for independent study, will be considered. Work must be relevant to the subject of pediatric psychology. Collaborative Research Grants
Collaborative Research Grants are awarded to students working in teams of two or more to complete work that cannot be funded by a one-person grant. Eligible projects include research or conferences that contribute to understanding of the humanities, archaeological research, translations of important works into English and humanities research used to enhance knowledge in science, technology medicine or the social sciences. Grants may be used to fund up to three years of work.
The Harry Frank Guggenheim Foundation (HFG) Research Grants
Awards typically ranging from $15,000 to $30,000 per year for one or two years are awarded by the Harry Frank Guggenheim Foundation (HFG) to students who participate in research that increases the understanding of causes, manifestations and control of violence, aggression and dominance.
The National Network for Environmental Management Fellowship Program
The National Network for Environmental Management (NNEMS) Fellowship can be used to fund a project that directly relates to environmental research. About 20 to 30 awards totaling $300,000 are awarded annually. Individual grants will vary depending on the level of education, location and the length of a fellowship.
Environmental Public Policy & Conflict Resolution Ph.D. Fellowship
Two one-year fellowships of up to $24,000 will be awarded to doctoral candidates by the Udall Foundation. Applicants will have to conduct research on the topic of U.S. environmental public policy or environmental conflict resolution. Students must be entering their final year of dissertation work.
Department of Homeland Security Graduate Fellowship
Undergraduate and graduate students who are pursuing a doctoral or master’s degree and working on a thesis dealing with homeland security may be eligible for this federal award. Students must have a minimum GPA of 3.3. Full tuition and a stipend of $2,300 per month for 12 months will be awarded. In addition to a 10-month internship, one-year of homeland security-related work is required.
This award is granted to undergraduate juniors who intend to enter a master’s or doctor's program in the arts, humanities or social sciences. To be eligible, students will need to be nominated by their school. (Interested students should contact their college counselors.) Preference is given to students with financial need.
April 3, 2008
The credit crunch and its negative impact on student borrowers is no longer news. Both FFEL and private lenders have been responsible for financial tensions, and now there’s more to gripe about. Numerous colleges have been complaining that they are not receiving sufficient funding to cover their students' Perkins Loan needs.
Perkins Loans are awarded to students by colleges and universities, but the government provides much of the funding. Because these loans are restricted to students who show particular financial need, shortages will affect students whose families have the lowest incomes most. Perkins Loans have the cheapest interest rates and the most lenient payment options as far as government loans go, as far as most student loans go. Students are asked to pay a 5 percent interest rate on Perkins Loans as opposed to 6.8-7.22 percent on federal Stafford Loans and 7.9-8.5 percent on federal PLUS Loans. Those who turn to private lenders can expect even higher rates.
Due to a poor loan market and a lack of government subsidies, many schools have been forced to cut back on both the number and the size of their Perkins Loans. According to U.S. News & World Report estimates, about 50,000 students who would have qualified for Perkins Loans last year will not qualify for them this year. Those who do qualify may still see their loan limits diminish. Technically, students can borrow up to $4,000 in Perkins Loans (though the number may be lower for those deemed less needy), but certain colleges will be decreasing the maximum funds available to students.
This has left families worried that they may be forced to rely on private student loans after reaching their federal loan limits. After dealing with increasing default rates, both Federal Family Education Loan (FFEL) lenders and private lenders have been forced to make loans more difficult to receive and less appealing to borrowers. Major lenders are becoming sticklers about eligibility criteria and have been cutting back on the benefits offered to students with good paying records.
Students who are no longer eligible for Perkins Loans still have financial aid opportunities. By applying for college scholarships and grants, students may find college funding they do not have to repay. Before considering loans, students should conduct a free college scholarship search to find awards they may be eligible to receive. It is also important to fill out a FAFSA each year. Just because an individual is not eligible for Perkins Loans does not mean they will not be awarded free money in the form of Pell, FSEOG, SMART or TEACH grants.
April 14, 2008
Because graduate and professional school students are no longer eligible for Pell Grants, they must search elsewhere for financial assistance. A common option is the fellowship--a financial aid opportunity created to help graduate students obtain their degree.
Master, doctoral and professional school candidates who demonstrate both merit and dedication are the most common recipients of fellowships. When searching for this type of aid, students are unlikely to come across awards that mirror the goofy, unusual duck tape outfit or left-handed student scholarships. More often than not, fellowships are geared towards students who are serious about their work—ones who display resolve and passion in their respective fields. They are commonly awarded to individuals who plan to conduct research in a certain field or to ones who plan to begin a career in a subject designated by the fellowship provider.
Below are a few examples of fellowship opportunities you may be eligible to receive. Many awards are conferred annually, so check back for updated deadlines. For additional information about financial aid options, try conducting a free college scholarship search.
AACC International Fellowship
The foundation previously known as the American Association of Cereal Chemists (AACC) is awarding fellowships in the amounts of $2,000, $2,500 and $3,000 to students who conduct research directly related to grain-based food science or technology. Students must be pursuing an MS or Ph.D. degree to be eligible.
Department of Homeland Security Fellowship
Tuition, fees and a stipend of $2,300 per month for 12 months will be awarded to graduate students whose thesis deals with science, technology, engineering or math as they relate to homeland security. Applicants must be US citizens and must have a minimum 3.3 GPA on a 4.0 scale.
Richard Morris Hunt Fellowship
Architects pursuing a career in historic preservation may be eligible to win $25,000 in stipend money. Winners from France and the US will practice preservation technologies in each other’s countries over a six month span.
Fellowship for Minority Doctoral Students
The American Institute of Certified Public Accountants (AICPA) will award fellowships to minority doctoral students who display potential for becoming accounting educators. Renewable fellowships of up to $12,000 will be given away each year.
American Graduate Fellowships
Students working towards a doctoral degree in the humanities and attending one of the 23 leading independent research universities in the U.S., Great Britain or Ireland may be eligible to receive a fellowship of up to $50,000. History, philosophy, literature, languages and the fine arts are among eligible fields
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