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Like Scholarships.com? Tell a Friend to Win This Scholarship!

Share Your Referral Link by June 30th to Earn $1,000 for You and $500 for a Friend in this Scholarship of the Week

May 21, 2012

Like Scholarships.com? Tell a Friend to Win This Scholarship!

by Alexis Mattera

They say the best things in life are free...and though we don’t know who exactly "they" are, we couldn’t agree more: As a Scholarships.com member, you have access to a customized scholarship search, detailed financial aid information, an organized college search, standardized test study guides and more all at no cost to you. Think your friends might like these gratis goodies as well? Spread the word about Scholarships.com through our Tell A Friend Scholarship and you'll have a chance to win money for college – $1,000 for you and $500 for one of your buddies!

To enter, simply copy your personalized TAF referral link (you can get it here) and blog it, tweet it, email it, IM it or Facebook it. For every one of your friends who creates a profile on our site by clicking your link, you will be entered to win a $1,000 award; there’s no limit as to how many people you can send your link to and if you win, one of your friends who created a Scholarships.com profile using your link will be chosen at random to win $500. That’s WAY better than a friendship bracelet!

Remember, the more friends you refer, the more entries you’ll get until the June 30th deadline. For more information, visit our Tell A Friend Scholarship page and for additional scholarship opportunities, conduct a free scholarship search today. Good luck!


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Selling/Buying Items for School

by Radha Jhatakia

It’s the end of the academic year which means summer vacation, summer school and, for many students, moving home until the fall. Moving out is never a simple process but for the items and supplies that you do not want to keep, selling them or giving them away for free are some options. This is also the best time for students to purchase furniture and other household items especially if they are living off campus – they might be second hand but it will save you quite a bit of money!

College students who want to sell items have a variety of outlets to consider. Create a free Craigslist posting – all you need to do is take a picture of the item you’re selling, give a brief description and list a price and some contact information so interested buyers can reach you. Advertising on campus through flyers in the student union and dorms is also an option; student buyers might be more willing to meet with you if they know you are another student. Lastly, if you are moving or graduating and taking items with you isn’t an option or storing them is too inconvenient, you can donate the items or give them away for free – believe me, students trying to furnish their abodes will thank you.

The dorms at SJSU did something innovative this year to help students get rid of things they didn’t need in a convenient manner and for students to find something they might need: We used a spare lounge in the dorms to pile up items including mini-fridges, TVs, game consoles, bookshelves, clothing, books and so much more. Many students found it useful and were able to take whatever they wanted for free; everything that was left at the end was donated. Success all around!

Radha Jhatakia is a communications major at San Jose State University. She's a transfer student who had some ups and downs in school and many obstacles to face; these challenges – plus support from family, friends and cat – have only made Radha stronger and have given her the experience to help others with the same issues. In her spare time, she enjoys writing, reading, cooking, sewing and designing. A social butterfly, Radha hopes to work in public relations and marketing upon graduation.


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Want More Financial Aid Info? Help is On the Way!

Ten Schools Commit to More Financial Aid Disclosure

June 6, 2012

Want More Financial Aid Info? Help is On the Way!

by Alexis Mattera

With student loan debt now totaling more than $1 trillion, current and would-be college students need access to financial aid information more than ever before. The good news is that universities across the country are doing their best to make the facts as clear and available as possible in the near future.

Ten schools – Arizona State, Miami Dade College, North Carolina A&T State University, Syracuse, UNC Chapel Hill, Vassar and the state university systems in Maryland, Massachusetts, New York and Texas – have committed to providing key funding information to all incoming students as part of their financial aid packages starting in the 2013-14 school year. The details will include the cost of one year of college, financial aid options such as grants and scholarships, estimated monthly payments after graduation on federal student loans and comparative data about graduation and loan repayment rates. According to the White House, this disclosure will play a vital role in making college more affordable for all students: "Too often, students and families face confusion when comparing financial aid packages, some of which do not clearly differentiate loans from grants, nor distinguish private vs. federal loans, making it difficult to compare aid offers side-by-side. Clarity and accessibility of information is necessary so that students and families can make informed decisions about where to attend college, so they can choose a school that is best suited to their financial and educational goals."

What do you think of this plan? Do you think it will help students better understand financial aid or is the effort too little and too late?


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UConn Announces Faculty Hiring Spree, Goals for the Future

by Alexis Mattera

While many colleges and universities – specifically public ones – are cutting back on faculty, the University of Connecticut is putting its shears in storage: President Susan Herbst has announced plans to add 275 new faculty members to the university’s flagship campus in Storrs over the next four years.

According to Gwendolyn Bradley, senior program officer for the American Association of University Professors, UConn’s hiring strategy runs counter to the approach many schools are taking, as they are still reeling from the recession and looking to limit costs wherever possible but to Herbst, expanding the faculty is vital to the university’s future success. "The goal is to improve the quality of education by reducing class sizes and enabling professors to spend more time with our students. We also want to increase the number of courses offered so that our students never have to wait to take a course. We want our students graduating on time," she said. Research is also important to UConn but the focus will be on hiring faculty who both teach and conduct research, depending on the field of study.

The hiring of 65 faculty members – with particular emphasis in the fields of genomics, education, health insurance and finance – will begin this fall, followed by another 90 by the fall of 2013; as a result, the student-to-faculty ratio is expected to decline from the current 18-to-1 to 15-to-1 in four years. You can read the rest of the details here – thoughts from any current or future Huskies?


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How Will You Fund Your College Education?

by Jessica Seals

Throughout my undergraduate career, I was lucky enough to be the recipient of scholarships and grants that helped cover my tuition and other fees. Thousands of other college students across the country also rely on this free money to pay for their education and we should all be taking note of the fact that many financial aid options that we have to help pay for college are being eliminated or being heavily restricted. For example, two years ago I was able to take summer classes and receive a Pell Grant because the government allowed students to receive it during the fall, spring and summer semesters. Now, students are only eligible to receive the grant two semesters out of the year which means that a student cannot put the funds toward summer classes if they’ve already applied them to the fall and spring semesters for that academic year.

Many people already decide not to enroll in college because they do not feel like they can afford it. Cutting down on the usage of the Pell Grant can force many students to skip summer classes and send them down a slippery slope, as more students will be forced to stay in school longer and accrue more debt from student loans. Classrooms will become emptier during summer sessions and colleges hard-pressed for funds could raise tuition to compensate. The problem will continue to spiral out of control and lead to more reasons why people opt out of attending college.

We all should become more aware of the decreases that are being made towards higher education spending. The changes affect all of us and if we can all become aware of them, we’ll be able to take (and guide others along) the necessary route to make sure that paying for school is a lot less stressful.

Jessica Seals is recent graduate of the University of Memphis, where she majored in political science and minored in English. She was the secretary of the Pre-Law Society, the philanthropy chair of the Phi Kappa Phi Student Council and a member of Professional Assertive United Sisters of Excellence (PAUSE), Golden Key Honor Society, Alpha Lambda Delta Honor Society, Sigma Alpha Lambda Honor Society and Black Scholars Unlimited. Jessica will be back at Memphis this fall to begin working toward her master’s degree in political science this fall; she ultimately hopes to attend law school.


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Employment Rates for Law School Graduates Lowest Since 1994

by Suada Kolovic

The notion that those who are well-educated are safeguarded from bleak employment rates doesn’t seem to hold true anymore: According to the National Association for Law Placement, recent law graduates face employment rates that have fallen to the lowest level since 1994.

Only 85.6 percent of 2011 law school graduates (whose employment status was known) had jobs nine months after leaving school – two percentage points lower than the employment levels of the 2010 graduates. Now that may not be reason to sound the alarm, but only 65.4 percent of 2011 graduates had jobs that required passing the bar exam. Ding! Ding!

"For members of the Class of 2011, caught as they were in the worst of the recession...the entry-level job market can only be described as brutal," the association's executive director James G. Leipold said in a written statement. "When this class took their LSATs and applied for law school, there were no signs that the legal economic boom was showing any signs of slowing and yet by the time they graduated, they faced what was arguably the worst entry-level legal-employment market in more than 30 years."

Future law students in the audience, what do you think of the news? With a law degree no longer translating into instant financial security, are you reconsidering your educational path?


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So You Want To Go To Grad School, Eh? Here’s How to Prepare

by Kayla Herrera


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Questions to Ask Your Student Loan Servicer

by Suada Kolovic

If you’re a recent high school graduate, chances are you’re looking forward to the surge of independence that comes with becoming a college freshman. And while anticipating all the excitement that comes with entering college – meeting new people, establishing a home away from home, sleeping in until noon, etc. – establishing how you’re going to pay for it is an entirely different story. Here at Scholarships.com, we encourage students to apply for scholarships early and often but taking out student loans might be inevitable. With that being said, knowing what questions you should ask your student loan servicer might ease the transition and U.S. News and World Report has done some of the legwork for you by compiling a list of helpful questions that financial aid officers, student loan counselors and former lenders recommend you ask:

  • When exactly will my payments begin?
  • Do you have my current contact information on file?
  • What is my interest rate?
  • Is my interest rate competitive?
  • Is there any way to get an interest rate reduction?
  • Is consolidating my loans a good option for me?
  • How do I qualify for Interest-Based Repayment or Income-Contingent Repayment?
  • Do I qualify for an economic hardship deferment?
  • What happens if I lose my job?
  • If I go back to graduate school, what are my loan options?

Can you think of any other questions you’d like answers to? If so, feel free to let us know in the comments section.


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Recent Grads, Pack Your Bags!

Towns Lure Young Professionals with Debt Repayment, Tax Waivers

June 14, 2012

Recent Grads, Pack Your Bags!

by Alexis Mattera

Armed with degrees in their fields of choice, newly-minted college grads have the world at their fingertips...and, often, student loan payments lurking right around the corner. The job market isn’t what it used to be so what’s a recent grad to do to keep collectors at bay? A change of address may be in order.

Communities across the country are attempting to attract young professionals by offering incentives like paying down college loans and income tax waivers if they become full-time residents of specific cities or counties. Niagara Falls is putting an initial $200,000 behind the idea to, according to director of community development Seth Piccirillo, bring back the talent and brain power the city has lost over the last 50 years. (Here, graduates who have earned a two- or four-year degree or a graduate degree in the past two years can apply for up to $3,500 a year for two years towards repayment of their student loans.) Farther west in Kansas, 50 counties have established Rural Opportunity Zones (ROZs) authorized to offer the following financial incentives to new full-time residents: income tax waivers for up to five years and/or student loan repayments up to $15,000. To date, program manager Chris Harris has received 338 applications – 75 percent of which have qualified for one or both incentives.

Read more about the current incentive plans here - would you relocate to one of these areas in exchange for the incentives listed?


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Graduate Early, Get Sued in Germany

German University Sues Student for Graduating Too Fast

July 10, 2012

Graduate Early, Get Sued in Germany

by Suada Kolovic

For most students, graduating college in just four years is the ideal and not the norm. So when a student comes along and graduates with his bachelor’s and master’s degrees in only three semesters, one would assume a parade of some sort would be in order. The Essen, Germany-based School of Economics and Management went a different route: they sued the student who accomplished this feat.

Earning both a bachelor’s and master’s degree should take a typical student about 11 semesters and 60 exams to complete, yet Marcel Pohl did it in just 20 months. How’d he do it? With the help of two friends, Pohl divvied up lectures and swapped notes. Did we mention that in that time, he also completed an apprenticeship in a bank? Well, he managed to fit that in, too! Now, the school is crying foul and claiming “income loss” and suing for $3,772 – a fraction of the tuition and fees Pohl would have paid had he completed the degrees in the customary amount of time. "When I got the lawsuit, I thought it couldn't be true," Pohl recently told the German tabloid, Bild. "Performance is supposed to be worth something."

With a college education as expensive as it is, can you ever really graduate too early? Let us know what you think in the comments section.


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