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Is College Still Worthwhile?

December 30, 2011

Is College Still Worthwhile?

by Alexis Mattera

There’s been much debate about the true value of a college degree. This isn’t surprising given rising tuition costs and lower employment rates but a new study by a 2011 Trinity College graduate reveals spending the time and money to obtain a college degree is still very much worthwhile.

That graduate – Sarah Millar – came to this conclusion by examining data from government and private sources as well as her own personal experience as a college student. She found that although college costs have climbed an average of 6.4 percent each year since 1981 and annual income has only risen 0.4 percent in that time, the average take-home pay of college graduates is $38,950 versus $21,500 of students who only graduated high school. Unemployment rates of the two groups are also in favor or college degree holders – as of last month, 4.4 percent to 9.6 percent – and earnings of college grads exceed high school grads by more than $1 million over 40 years. Millar does note that all colleges and majors are not created equal, though, as average starting salaries of recent grads in specific fields of study from well-known or prestigious schools are more than those from state universities or smaller private colleges.

Check out more information from the study here then tell us: What do you think of Millar’s findings?

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Pell Maximum Maintained, Eligibility Tightened

December 16, 2011

Pell Maximum Maintained, Eligibility Tightened

by Alexis Mattera

The Federal Pell Grant program as we know it has been in jeopardy in recent years but an agreement reached last night will keep its funding intact. While college students will still receive the maximum award amount per year, the number of eligible recipients is a quite different (and unfortunate) story.

The Chronicle reported congressional leaders agreed on a spending bill for the remainder of the current fiscal year that would increase funds for the National Institutes of Health by 1 percent, thereby maintaining the maximum Pell Grant amount of $5,550. To make this $300 million increase possible, however, eligibility for the award has been restricted. Under the bill, Pell Grant funding will only be available to each student for six years instead of nine, high school diplomas or GEDs will be required (no more ability-to-benefit tests) and the income cap for receiving an "automatic zero" expected family contribution will be lowered from $30,000 to $23,000. The interest subsidy on undergraduate student loans during the six-month grace period after a student graduates would also temporarily end.

Yes, the changes are significant but they are far less severe than an earlier bill which would have lowered the income cap to $15,000 and reduced the amount of income working students could exclude when applying for financial aid – changes that would have negatively impacted thousands of college students, especially those attending community colleges. We want to know what you think about the news. Is there a way to maintain federal funding without decreasing eligibility or do you think this bill is the best option?

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Creativity Pays Off - Win This Scholarship of the Week and Earn $10,000 for College!

Annual Create-A-Greeting Card Scholarship Contest Deadline is January 14th

January 9, 2012

Creativity Pays Off - Win This Scholarship of the Week and Earn $10,000 for College!

by Alexis Mattera

Have you ever spent time searching for the perfect card for your mom’s birthday, best friend’s first job or cousin’s anniversary but couldn’t find a greeting that conveyed exactly what you wanted to say? If so, this Scholarship of the Week – and its $10,000 prize – has your name all over it.

The Gallery Collection’s Annual Create-A-Greeting Card $10,000 Scholarship Contest asks its applicants – high school, undergraduate and graduate students – to design the front of a greeting card (holiday, birthday, thank you, get well, etc.) using original photographs, artwork and/or computer graphics. The student with the winning design will be awarded a $10,000 scholarship and have his or her creation made into a greeting card to be sold on The Gallery Collection’s website.

Have the perfect idea? Visit the official website and make sure to get your design submitted before the January 14th deadline. As always, to learn more about this award and other scholarship opportunities, conduct a free scholarship search today!

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The AP Debate

January 10, 2012

The AP Debate

by Alexis Mattera

Show of hands, students: How many of you have previously taken, are currently enrolled in or are considering signing up for an Advanced Placement course? That's a lot of you...but how many of you chose the AP path because you felt as though you had to in order to remain competitive in the college admissions process? Iiiiiinteresting...

With college hopefuls taking on so many AP classes that they have barely any time for non-academics, some schools in the San Francisco Bay area are pushing for a cap on the number of Advanced Placement courses a student can take or even eliminating them entirely. Though some teachers and administrators feel it would be a welcome change that would allow more freedom in the curriculum, parents and students do not share this mindset: They view any AP limits or bans as disadvantages when college application time rolls around, despite competitive schools like Stanford assuring applicants "We want to be clear that this is not a case of 'whoever has the most APs wins.'" Other educators think the caps are a bad idea, stating that not only will students feel less challenged but that limiting the number of AP classes could result in staffing cuts, as schools offering more APs are able to hire more teachers.

Research does show students who take AP courses do better in college than students who don't but is it worth the stress placed upon students by parents, teachers, colleges and even their peers to take and excel in these courses? Do you think students should be able to decide what their own workload should be if it means the AP credits earned will help them graduate from college early and save thousands on tuition? What side are you on in the AP debate?

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University System of Georgia to Consolidate Campuses

January 12, 2012

University System of Georgia to Consolidate Campuses

by Alexis Mattera

When quality and quantity go head to head, it’s the former that usually prevails. Given the University System of Georgia’s latest announcement, it appears such is the case in higher education as well.

The system’s board of regents recently approved a plan to consolidate eight of the 35 state colleges and universitiesGainesville State College and North Georgia College & State University; Middle Georgia College and Macon State College; Waycross College and South Georgia College; and Augusta State University and Georgia Health Sciences University – into four schools. Spokesman John Millsaps revealed that though the consolidations were brought about by the fledgling economy, the plan was devised with the students in mind: Combining the schools will provide greater access to more classes, degree programs, educators and resources and remove bureaucratic hurdles like transferring credits between institutions.

Are you attending or considering attending one of the institutions to be consolidated? If so, how does this news impact your college career?

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Good Samaritan Pays Student’s Tuition

January 13, 2012

Good Samaritan Pays Student’s Tuition

by Alexis Mattera

It’s Friday the 13th and instead of posting some bad, unlucky or just plain weird news, we thought we’d share a story that’s downright feel-good.

Like many college students today, John Jay College criminology major Angy Rivera was having a difficult time making her tuition payments. While she was eligible for in-state tuition rates as an undocumented student, Rivera could not qualify for state and federal aid so she began selling what she called handmade education bracelets on Chipin.com to bridge the financial gap. When her tale was recently featured in the New York Daily News, retired MTA conductor Luis Hernandez took note – and action: He donated $2,500 to cover the remainder of Rivera’s tuition, even though she was a complete stranger. “I’m retired and I’ve got a little money to spend,” said Hernandez. “I like helping out kids...especially if it’s somebody trying to get an education.” Naturally, Rivera shed tears of joy and told Hernandez, “This just made my next six months – you don’t know how big this is!” She also said she will use the money generated from her bracelets sales to pay for books and fees.

Times may be tough but if you’re willing to work hard and aren’t too proud to ask for help, good things can happen.

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Could This Be the Future of Higher Ed?

Tenured Prof Leaves Stanford to Offer Low-Cost Online Courses

January 24, 2012

Could This Be the Future of Higher Ed?

by Alexis Mattera

Schools like MIT, Berkeley, Tufts and Michigan have been in the news recently for their support of online certificate programs. These courses are often low-cost or free alternatives to traditional college courses and one professor is so confident in this method of education that he has left a prominent position at a prestigious university to provide just that to the masses.

As reported by Reuters, The Chronicle and other outlets, Sebastian Thrun has left his post as a tenured computer science professor at Stanford to found Udacity, a start-up offering low-cost online classes. Thrun is no stranger to this kind of education – he taught an artificial intelligence course to more than 160,000 students around the world that had students taking the in-person lecture at Stanford flocking to its online counterpart – and will now focus on crafting online courses that recreate the intimacy of one-on-one tutoring through Udacity. One of the start-up’s first offerings will be a course called “Building a Search Engine” that will teach students with no prior programming experience how to build a search engine like Google.

What do you think of Thrun’s new operation? Is this the direction higher education is headed in or will traditional classes still have a place in the future?

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Study Reveals Fewer Students Attending First-Choice Schools

January 27, 2012

Study Reveals Fewer Students Attending First-Choice Schools

by Alexis Mattera

It’s finally decision day. You rush to your mailbox – either traditional or electronic – and find a fat envelope from your first-choice school waiting for you. They like you, they really like you...but will you reciprocate those feelings in the fall? According to a new survey, it’s becoming far less probable.

The Cooperative Institutional Research Program at the University of California Los Angeles study revealed that of the 204,000 college freshmen surveyed at 207 schools, just 58 percent enrolled at their first-choice college. This is the fifth year the percentage has dropped and program director John H. Pryor said financial aid (or lack of it) is a huge factor in students’ decisions. “These students who were accepted and are not attending are much more likely to say they are not going because they did not get the financial aid they wanted.” (Read the survey in its entirety here.)

How many of you were accepted to your first-choice school only to have to give up your spot because of one of the factors cited in the survey?

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Do Students Care About College Rankings?

February 6, 2012

Do Students Care About College Rankings?

by Alexis Mattera

In the wake of the recent scandal at Claremont McKenna College, one has to wonder if college rankings are all they’re cracked up to be. Colleges seem to think so – some administrators are willing to fudge standardized testing data in order to move up even one slot and bonuses have been offered to the presidents of schools that increase their positions – but what about the students? Do they care about the number associated with their school of choice? Meh.

The trend, discussed in a new Associated Press article, is that students typically use the rankings as a source of data and pay little attention to a school's number. The latest version of the national survey of college freshmen conducted annually by UCLA's Higher Education Research Institute revealed that rankings in national magazines were number 11 on the list of factors affecting college choices behind factors such as cost, size and location; the number one factor, however, was academic reputation, which is a bit confusing as reputation is taken into consideration when determining rankings. "As someone who is asked every year to comment on the rankings, it seems to me that who cares most is the media," John Pryor, who directs the UCLA survey, wrote in a blog post last year. "Second would be college presidents and development officers. Way down the list seem to be those who are actually trying to decide where to go to college."

Are college rankings a bigger deal to students or colleges? Did you or do you plan to use college rankings in making your college choices or do you think other factors are more important to consider?

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Love Math? Check Out This "Mega" Scholarship of the Week!

Moody's Mega Math Challenge Registration Deadline is February 24th

February 6, 2012

Love Math? Check Out This "Mega" Scholarship of the Week!

by Alexis Mattera

Are you good with numbers and also looking to find some money for college? If so, Moody’s Mega Math Challenge – and our latest Scholarship of the Week – is the best of both worlds.

Moody's Mega Math (M3) Challenge is an Internet-based, applied math contest for high school juniors and seniors. Participating teams are required to independently solve an open-ended, applied math-modeling problem focused on a real-world issue in 14 hours and winners receive scholarships totaling $100,000. Up to two teams of three to five high school students from each school are eligible to participate and will be judged on the approach and methods used and the creativity displayed in problem-solving and math-modeling.

Teams must have a teacher complete the online registration and select a Challenge day (March 3rd or March 4th) by February 24th at 6:00 p.m. EST. For more information about this and other scholarship opportunities, conduct a free scholarship search today!

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