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Tuition at Cooper Union?

November 1, 2011

Tuition at Cooper Union?

by Alexis Mattera

If you’re a prospective college student considering a career in engineering, architecture or art, Cooper Union is probably on your radar. Not only is the school among the most selective in the nation but the tuition – zero – has been the best deal in higher ed for more than a century...or it was.

Cooper Union President Jamshed Bharucha recently announced that the weak economy has prompted the school to reevaluate its scholarship policy and possibly begin charging tuition for the first time since 1902. Bharucha stressed that lower-income students and many middle-income ones would continue to attend for free and that none of the 900 current undergraduates would be charged but the mere mention of tuition for degree-seeking students marks a serious cultural shift for the institution: Though a final decision has yet to be made, alumni are furious – “It’s a contradiction to everything we’ve learned about Cooper. It’s the last opportunity for free education on that level in the entire country,” said graphic designer, New York magazine co-founder and Cooper Union graduate Milton Glaser – and students are planning to walk out of classes in protest tomorrow.

Bharucha did say that implementing tuition would be a last resort but what do you think of his announcement and its corresponding reaction? What avenues should be explored to preserve free tuition and are there any ways students and alumni can support or contribute to the cause? Lastly, does a potential tuition bill have you reconsidering applying to Cooper Union?


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University of Charleston Slashes Tuition

by Alexis Mattera

Between announcements of Cooper Union possibly charging tuition and the average student debt topping $25,000, news about the cost of college haven’t been too positive as of late. But lo, the University of Charleston has broken the bad news cycle: The West Virginia school has announced it will reduce tuition by 22 percent for all new students and provide additional aid for continuing students.

UC has guaranteed that no undergraduate student will pay more than $19,500 for tuition in the fall of 2012. This will be the base price for freshmen and transfer students while the figure returning students will see is $25,500 with a promise of at least $6,000 in university aid. The tuition reduction is part of a broad system redesign which the University of Charleston hopes will allow greater innovation and cost-effectiveness without compromising the quality of its education. According to a release on UC's website, these changes include “a five-year plan that emphasizes fast-track learning, achieving athletic prominence, championing innovation and expanding access.”

In a time where every dollar makes a difference, did the University of Charleston just move up on your college wish list?


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Dual Enrollment Program Doubled in Chicago

by Alexis Mattera

There’s a lot of preparation that goes into making the transition from high school to college. While some students figure this out after they set foot on campus and are overwhelmed by a litany of new responsibilities, others begin laying the groundwork even before they apply. In Chicago, public school students will have more opportunities to pursue the latter route thanks to a change in the dual enrollment plan.

Yesterday, Chicago City Colleges announced its dual enrollment program will double as of the spring semester, giving up to 2,100 qualifying Chicago Public School juniors and seniors the ability to take free college classes at seven schools – Richard J. Daley College, Kennedy-King College, Malcolm X College, Olive-Harvey College, Truman College, Harold Washington College and Wilbur Wright College. This is excellent news not only for students who have exhausted the course offerings at their high schools but also for cash-strapped students – roughly 85 percent of all CPS students come from low-income families – aiming to earn college credit while keeping their expenses in check.

CPS students, will you be taking advantage of the expanded dual enrollment program? Other public school students, is there a program like this in place in your city?


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An Update on Early Admissions

November 15, 2011

An Update on Early Admissions

by Alexis Mattera

Teens may be excited about "Breaking Dawn: Part 1" and "The Hunger Games" but it appears applying to college early is just as trendy.

Though the numbers are still being tallied, Duke, Brown, Northwestern and Johns Hopkins are all estimating sizeable increases in the amount of early applications received but they aren’t alone: The University of Virginia and Princeton – two schools which reinstated their early admissions programs this year – have their respective hands full with applicants as well. Also of note is the heightened availability of ED II, a second round of early decision with a January deadline, for students who applied to one school using the binding application option and were rejected or deferred. And with these elevated application numbers comes an expected increase in both acceptance rates and financial aid offerings, something students and their parents will both appreciate.

What do you think of these application trends? Did you apply early or do you plan to apply during regular admission and why?


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This Scholarship of the Week is a Fantastic Achievement

Three Days Left to Apply for the AXA Achievement Scholarship

November 28, 2011

This Scholarship of the Week is a Fantastic Achievement

by Alexis Mattera

As anyone who’s ever overindulged in Thanksgiving dinner can tell you, too much of a good thing does indeed exist. This mentality does not hold true when it comes to scholarships, though...especially this Scholarship of the Week from AXA Equitable!.

The AXA Achievement Scholarship awards $670,000 annually. Fifty-two students – one from each state, Washington, D.C., and Puerto Rico – receive scholarships of $10,000. Of those 52 students, 10 students are chosen as national winners and receive an additional $15,000 scholarship award and an internship opportunity with AXA Equitable.

Scholarships are awarded to students who demonstrate ambition and drive, determination to set and reach goals and the ability to succeed in college. If that sounds like you, visit AXA’s website to apply before the December 1st deadline. As always, to learn more about this and other scholarship opportunities, conduct a free Scholarships.com scholarship search today!


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A Little Loan Goes a Long Way

November 29, 2011

A Little Loan Goes a Long Way

by Alexis Mattera

In recent years, college students have become more cautious about taking out loans to pay for school. There are multiple reasons for this – horror stories from friends or siblings, limited job prospects after graduation and high interest rates have all been cited – and while it’s an admirable goal to graduatefrom college debt-free, educators think this approach could actually hinder students from getting degrees.

According to a recent Associated Press article, students are attempting to limit borrowing by working longer hours, taking fewer credits (and often not enrolling full-time), living at home and attending less selective institutions. While educators are impressed with this level of fiscal responsibility, they are quick to point out that each action above is a risk factor that makes college students less likely to graduate. Borrowing could prevent this, said Deborah Santiago, co-founder and vice president of Excelencia in Education. "If you can take out a little bit of loan you're more likely to complete. If you can go to a more selective institution that gives you more resources and support, you're more likely to complete." How much more likely? Federal data analyzed by Excelencia and the Institute for Higher Education Policy (IHEP) in 2008 shows roughly 86 percent of students who borrow for college are able to attend full-time compared to 70 percent of students who don't borrow and roughly 60 percent of full-time students receive a bachelor's degree within eight years compared to 25 percent of part-time students.

What can be done to facilitate this message? Educators believe students need to better understand financial aid, the difference between types of loans, debt management and the returns on various degrees and majors. In addition to searching for scholarships and grants, is borrowing part of your financial aid plan and does this information make you more or less likely to take out a loan?


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This Scholarship of the Week from Dr Pepper is Refreshing Indeed!

Hurry - Dr Pepper Million Dollar Tuition Giveaway Deadline is 12/31

December 12, 2011

This Scholarship of the Week from Dr Pepper is Refreshing Indeed!

by Alexis Mattera

If you need to find money for college and know how to create and upload a video file, have we got a scholarship opportunity for you.

The Dr Pepper Million Dollar Tuition Giveaway gives students age 18 and older the chance to earn up to $100,000 to fund their college educations. Thirsty for more details? We bet you are! To enter, all you have to do is submit an original video explaining why you deserve tuition through the Dr Pepper website by December 31st. Hey, it’s easier – not to mention less dangerous – than describing what Dr Pepper tastes like!

Full guidelines for submission and answers to FAQs can be found on Dr Pepper’s website. To learn more about this award as well as additional scholarship opportunities, conduct a free scholarship search today!


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Berkeley Announces Aid Increase for Middle-Class Students

by Alexis Mattera

Not-so-breaking news: College is expensive and the costs associated with it show no sign of stopping their steady climb. What’s a college hopeful to do? Consider a school that’s finding ways to bridge the financial gap, like UC Berkeley.

Beginning next fall, Berkeley will amp up its financial aid contributions for middle-class students. School officials reported that while the number of low-income and wealthy students has increased over the last several years, the number from middle-class families has remained flat. Berkeley hopes to regain the interest of middle-class applicants by becoming the first public university to promise families earning between $80,000 and $140,000 a year will contribute no more than 15 percent of their annual incomes toward tuition.

This news – released just one day after Gov. Jerry Brown announced a $2.2 billion budget shortfall and another severe round of cuts to state colleges and universities – has already been dubbed a game changer by Terry W. Hartle: The senior vice president of the American Council on Education also believes other colleges will channel their competitive spirits and do whatever they can to offer similar programs. Learn more about Berkeley’s plan here then tell us what you think.


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And the Least Indebted Graduates Are...

U.S. News Lists Schools with Lowest Average Debt for 2010 Grads

December 28, 2011

And the Least Indebted Graduates Are...

by Alexis Mattera

If you are a recent college graduate, those student loans you haven’t thought about in four or more years are about to come calling...and collecting. While some students’ debt tallies are quite large, the amounts owed by others are much more manageable.

U.S. News & World Report has reported that the average amount of student loan debt (defined as money loaned to students from colleges, financial institutions and the government, not including parent loans) for a 2010 college graduate was about $25,000 but this number truly varies depending on what school a student calls his or her alma mater: For example, 2010 graduates of Alice Lloyd College have an average total indebtedness of only $3,108 and those from Princeton owe just $4,385, due in large part to more grants, scholarships and work study that do not require repayment. Here are all of the schools that made the top 10 and the average amount of student loan debt 2010 graduates incurred:

Does this information have you reevaluating your college plans or financial aid choices?


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Ohio to Eliminate Remedial Funding in Higher Ed by 2020

by Alexis Mattera

Many colleges across the country offer remedial courses for students in subjects like math, English and science to better prepare them for the curriculum ahead but as budgets continue to tighten, administrators in Ohio are looking to cut funding for these classes completely.

According to the Alliance for Excellent Education, the annual cost for remedial classes in American higher education hovers around $3.6 billion. Though states like Florida, Missouri and South Carolina are making strides to restrict remedial funding to more reasonable levels, Ohio has vowed to eliminate the approximately $130 million it spends annually by 2020. How is this going to happen? Schools appear to be approaching the issue in different ways: University System of Ohio Chancellor Jim Petro is calling for better assessments in grade 10 to ensure enough time for extra help before attending college, the University of Toledo is changing its recruitment tactics by improving outreach to private schools and even guaranteeing scholarships as early as eighth grade to secure better prepared students, and Wright State University is working with nearby community colleges to standardize a remedial education curriculum – a move associate provost Thomas Sudkamp says will best serve students when remediation funding is phased out.

Do you think Ohio’s plan is a step in the right direction or is remedial education funding an integral part of success in college?


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