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Groupon-NLU Deal Doesn’t Guarantee Admission to Graduate Program

September 14, 2011

Groupon-NLU Deal Doesn’t Guarantee Admission to Graduate Program

by Suada Kolovic

Last week, we shared Groupon’s “experimental” deal offered by National-Louis University which provided bargain hunters with the opportunity to purchase an introductory teaching course at a serious discount. A total of 18 students took advantage of the deal but hopefully they read the fine print: Purchasing the Groupon does not guarantee acceptance to the master’s program that the course is a part of. Whoops.

While the Groupon-toting students will take “Introduction to the Profession and the Craft of Teaching” for the discounted rate, they aren’t technically enrolled at the institution. Instead, each participant will be considered a “student-at-large,” said Nivine Megahed, NLU’s president. The students-at-large will get inside-the-class practicum experience early on in order to get the full effect of teaching prior to applying to the master’s program unlike their traditional counterparts, Megahed said. Often, when aspiring educators teach in a classroom for the first time, “they either love it, or they go running for the hills,” she added.

Once they’ve completed the course, at-large students who want to take part in the program will have to go through the traditional admissions process, which requires a passing grade on the Illinois Basic Skills test. If you bought the Groupon, would this be a deal breaker for you? Do you think NLU should have made such stipulations clear early on?

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Federal Mandate: All Schools Must Offer Net Price Calculators by October 29th

September 16, 2011

Federal Mandate: All Schools Must Offer Net Price Calculators by October 29th

by Suada Kolovic

Here at Scholarships.com, we understand that trying to figure out how much a college education will actually cost you and your family is pretty confusing. With everything that goes into your financial aid packagegrants, loans, scholarships, etc. – the real cost of a college education is muddled in there…somewhere. But fear, not college bound students! All that’s about to change thanks to a mandate by the federal government: All colleges and universities receiving Title IV federal student aid must have net price calculators by October 29th.

According to U.S. News and World Report, the U.S. Department of Education instated the mandate in order to “provide a clearer view of the difference between the total cost of tuition and fees – commonly referred to as sticker price – and the net price, an estimate of the cost subtracting scholarships and grants.” Most students generally receive some institutional aid so the better they understand how much an institution is offering as whole, the better prepared they are to compare the financial aid packages offered by different schools.

What do you think of the federally implemented net price calculators? Do you think it will be an essential piece of the funding your college education puzzle?

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University of Dayton to Offer Free Textbooks

August 17, 2011

University of Dayton to Offer Free Textbooks

by Suada Kolovic

With the economy in a rut, the unemployment rate declining at a sluggish pace and the cost of a college education rising at an astronomical rate, now is the time to consider your options. Here at Scholarships.com, we can’t stress enough the importance of applying early and often for scholarships and financial aid, but when a college education is still just out of reach, some universities are willing to go the extra mile to help prospective students out. Rising high school seniors, take note: The University of Dayton is offering four years of free textbooks to first-year students who visit the campus and complete the Free Application for Federal Student Aid (FAFSA) form by the university’s March 1 application deadline.

According to Dayton officials, the free textbook program is an incentive for families to attend campus visits in a tight economy and as a way to urge families to complete the federal aid form, which is an essential piece of the financial aid puzzle. "Many families don't fill out the form because they believe they don't qualify or think it takes too much time. They miss out on opportunities to get affordable financing or grant funding," said Kathy McEuen Harmon, assistant vice president and dean of admission and financial aid.

Students who fulfill the university’s requirements will receive up to $500 per semester to purchase textbooks at the campus bookstore – funds good toward new, used or rental books. According Harmon, an estimated 75 percent of the first-year class is projected to take advantage of the offer, representing a $1.5 million annual commitment by the University. "We want them to fully understand the rewards of a University of Dayton education and know that those rewards are not out of their reach," Harmon said. "This is a very tangible way to demonstrate our commitment, one they can see immediately."

What do you think of the University of Dayton’s efforts? Are free textbooks enough to get you to commit to an institution? Should others follow suit? Let us know what you think.

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Student Loan Delinquencies Continue to Rise

August 18, 2011

Student Loan Delinquencies Continue to Rise

by Suada Kolovic

While credit card debt, mortgage debt and auto loan debt have all steadily decreased since the fall of 2008, the same cannot be said for outstanding student loan debt, which has climbed 25 percent since the start of the financial crisis. Not only has student debt increased, but more often than not these loans aren’t getting paid off on time. The problem is that students take out sizable loans to pay for tuition to only be met with bleak prospects of employment after college. Those lucky enough to secure a job can also expect lower starting salaries: The median starting salary for a member of the class or 2009 or 2010 is $27,000, down from $30,000 just a couple of years ago.

The debt ceiling deal complicated things a step further by adding additional federal loan provisions. One section of the deal changed the way interest is collected on federal loans for graduate students, meaning that borrowers will start accruing interest on their loans before they’ve graduated. That being said, earning a college degree is still a significant advantage when entering the job market. The Labor Department released a report stating that for workers 25 and over with at least a bachelor's degree, the unemployment rate in July was 4.3 percent, compared with 8.3 percent for workers with "some college," and 9.3 percent for workers with just high school diplomas.

Soon-to-be college students, do you fear crippling student loan debt? What steps are you taking to prevent becoming a statistic?

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Amazon Launches Digital-Textbook Rental Service

July 21, 2011

Amazon Launches Digital-Textbook Rental Service

by Suada Kolovic

Broke college students across the country have reason to rejoice: Amazon has unveiled an e-textbook-rental program which has the potential to save students up to 80 percent on textbooks!

The program will provide students with the opportunity to download temporary copies of textbooks from Amazon’s website for reading on a Kindle e-book reader, computer, tablet or smartphone running free Kindle software. The system allows customers to specify rental periods lasting anywhere from a month to a year. Students will have the option to purchase the e-book during or after a rental period, or extend a rental period in daily increments. Still not sold? Let’s use a real-life example: Intermediate Accounting retails at $197 in print and $109 as an e-book but with Amazon’s program, a student can rent the e-book for three months at the low price of $57!

And what about the students who scribble notes in the margins and saturate textbooks with fluorescent ink? Well, Amazon’s got that covered, too! Not only can students highlight and take notes in their digital textbooks but they’ll be able to refer to any margin notes and highlights made after the rental period is over. And with the cost of traditional print textbooks ranging in the thousands over the course of a college career, odds are rental programs like these will undoubtedly take off.

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UChicago’s New Financial Aid Initiative Targets Local Students

November 9, 2012

UChicago’s New Financial Aid Initiative Targets Local Students

by Suada Kolovic

The University of Chicago has recently announced the launch of UChicago Promise, an initiative aimed at helping high school students in the city of Chicago gain admission, pay for and succeed in college. The cornerstone of the program is the commitment from the university to eliminate loans from financial aid packages of students from Chicago who are admitted.

“Chicago, from our pre-schools to our world-renowned universities, is committed to ensuring that every child has access to a high-quality education,” said Mayor Rahm Emanuel. “The step taken today by the University of Chicago is a creative step that will help many of Chicago’s own achieve their goals and graduate without a financial burden.”

In addition to replacing loans with grants and other nonrepayable student aid, UChicago Promise includes an automatic waiver of the University’s application fee and offers a wide array of support and mentoring programs for aspiring college students. The initiative will take effect for those applying this year and will not be available to students with existing loans or who have already matriculated.

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Top 10 Highest Paying Internships

February 21, 2013

Top 10 Highest Paying Internships

by Suada Kolovic

For a college student, an internship is viewed as a rite of passage, a box that must be checked, a prerequisite for future ambitions. And while obtaining an internship is a success in its own right, finding one where you’ll be compensated in something other than experience and a reference is a challenge…but not necessarily impossible. A new report from Glassdoor lists the highest-rated companies that not only pay their interns but pay them extremely well. Check out the top 10 companies that made the cut below (for the complete list, click here):

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Top Majors for College Class of 2014 Announced

April 23, 2014

by Suada Kolovic

If you're struggling to come up with ideas for possible majors and post-collegiate careers, looking at majors that are sought after may not be a bad place to start. According to a survey conducted by the National Association of Colleges and Employers (NACE), organizations are most interested in hiring new college graduates with bachelor's degrees in the business, engineering and computer science fields. Nearly 70 percent of the organizations participating in NACE's Job Outlook 2014 survey said they plan to hire business majors and 43 percent said they plan to hire more grads during the fall of 2014 than they did just last year. Here are the top six degrees according to NACE’s findings:

Through the Job Outlook survey, NACE surveys its employer members each year about their hiring plans in order to project the job market for new college graduates. What do you think of the majors that made the list? Any surprises?

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Register and Win $500 from Scholarships.com

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September 8, 2014

by Suada Kolovic

Looking for a way to pay for your college education that includes free money? Well, you’re in luck! Here at Scholarships.com, we provide users with the most relevant scholarships and educational information out there.

By registering at Scholarships.com, you’ll have access to more than 2.7 million local, state and national college scholarships and grants worth $1.9 billion...and did we mention that you’ll be eligible to win $500 automatically just for registering? That’s right: Filling out a complete profile will enter you into our monthly drawing for $500. No lengthy essay or massive application packet required – it doesn't get any easier than that. Complete your profile, get entered to win $500 and start exploring additional scholarship options today!

For more information and official rules, please click here. For more information on finding money for college and how to properly fund your college education, check out Scholarships.com Financial Aid section and conduct a free scholarship search today!

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Report: 284,000 College Graduates Held Minimum-Wage Jobs in 2012

April 2, 2013

Report: 284,000 College Graduates Held Minimum-Wage Jobs in 2012

by Suada Kolovic

Looking for a competitive edge when applying for that minimum-wage barista position at your local coffee shop? Turns out your newly minted bachelor’s degree might just be the edge they’re looking for.

According to the U.S. Labor Department, there were about 284,000 college graduates working minimum-wage jobs in 2012, including 37,000 with advanced degrees. Surprisingly, that’s down from 2010’s peak of 327,000 but up 70 percent from a decade earlier. And with many college graduates saddled with crippling student loan debt, it’s no wonder they’re accepting positions that are low-paying and low-skilled.

Of the 41.7 million working 2010 college graduates, about 48 percent work jobs that require less than a bachelor’s degree and 38 percent of those polled didn’t even need a high school diploma. Why the surge of low-paying jobs? Three-fifths of the jobs lost during the recession that paid middle-income wages have been replaced with the low-wage variety, according to the National Employment Law Project. (For more on this report, click here.)

To our college student readers, does this report alter your perspective on getting a college education? Why or why not?

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