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Florida Considers Reducing Tuition for Select Majors

by Suada Kolovic

With the economy in what seems like an endless slump, many have come to question the validity of a college education in disciplines that don’t guarantee definite career paths for students once they’ve graduated. Majors on the chopping block include those in the humanities and social sciences and universities across the country aren’t turning a deaf ear to the issue: Officials in Florida are considering reducing tuition in order to steer students towards majors that are in demand in the job market.

Governor Rick Scott and Republican lawmakers are urging Florida’s 12 state universities to nudge students toward job-friendly degrees and suggesting that universities freeze tuition rates for three years for majors in “strategic areas.” In theory, an undergraduate student would pay less for a degree in engineering or biotechnology – whose classes are among the most expensive – than for a degree in history or psychology. Financing from the state would be expected to make up for the tuition gap. Now while the initiative is popular among state officials, liberal arts devotees at the University of Florida have organized a protest petition which has gained signatures from across the state. They argue that the move would inevitably reduce the number of students who take humanities classes, further diminishing financing for those departments.

What do you think of Florida’s attempt to encourage students into certain majors with financial initiatives? Do you think steering students into fields that they have little interest or aptitude in just to save money could lead to discontent in their futures? Let us know what you think in the comments section.


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College Board Members Agree: College Costs Too Much...Just Not at Their Institutions

by Suada Kolovic

College board members have released a statement – “It’s not me, it’s you.” Okay, those might not have been their exact words but that was the overall message: According to a survey on higher education, most board members believe that higher education costs too much...but a majority also say their own institutions’ prices aren’t the problem. Society responded with a cynical, “Riiiiiiiight.”

A report on the recent “College Prices, Costs, and Outcomes: Who’s Minding the Gap Between Higher Education and the Public?” survey revealed a whopping 55 percent of respondents said higher education in general is too expensive relative to its value but 62 percent said that their institution costs weren’t the problem and were, in fact, appropriate. Susan Whealler Johnston, executive vice president and chief operating officer of the Association of Governing Boards, said the survey is important because it provides insight into how board members perceive public concerns about higher education and how they then act in the boardroom. "What we have noticed is there's a major gap between the two,” said Johnston. The survey drew 2,539 responses from among the nearly 14,000 board members from the public and private colleges invited to participate in the survey about perceptions of college prices, costs and outcomes, with a response rate of 18.3 percent.

For more on this survey, click here...then tell us what you think!


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Rick Perry Pushes $10,000 College Degree

Texas Governor’s Initiative Just One Way to Keep College Costs in Check

November 27, 2012

Rick Perry Pushes $10,000 College Degree

by Suada Kolovic

Under a plan unveiled in 2011, Republican Texas Gov. Rick Perry challenged institutions in his state to develop options for low-cost undergraduate degrees. Limiting the cost of a bachelor’s degree to no more than $10,000, 10 Texas colleges – which educate more than 50,000 students, or roughly 10-percent of the undergraduates at public universities in the state – have answered the call so far. "A $10,000 degree provides an opportunity for students to earn a low-cost, high-quality degree that will get them where they want to go in their careers and their lives," Perry said in a statement.

Most of the proposed inexpensive degree programs take advantage of community college and dual-enrollment high school credit options and are not available to student in most disciplines. When Perry issued his challenge last year, he wanted the state's universities to "leverage Web-based instruction, innovative teaching techniques and aggressive efficiency measures" to drive down the cost of a degree.

Although not affiliated with Perry’s initiative, Scholarships.com also gives students the opportunity to lower the cost of a college educaiton by obtaining scholarships and grants. As a leading scholarship search service and financial aid information resource, Scholarships.com plays a primary role in helping students make the decisions that shape their lives. On Scholarships.com, students are connected with tools to aid in researching and finding financial aid for college, as well as choosing a campus that's right for them. Our regularly updated proprietary database allows students to search 2.7 million college scholarships and grants worth over $19 billion and quickly arrive at a list of awards for which they qualify. And it's all free. If you are interested in learning more about Rick Perry’s initiative or other scholarship opportunities, conduct a free scholarship search today.


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Scholarship of the Week: Youth Free Expression Film Contest

by Suada Kolovic

Books get pulled from library shelves and school curricula all the time because someone complains about the language they contain or the topics they address. Tell us about a time when parents, a teacher or some other adult was distressed at what you or someone you know were reading...and wanted to take it away. You can also submit a film about or inspired by a book censorship incident from the news that involves students or other young people.

Film your response in four minutes or less. Entries can be videos of any kind, including documentary, animation, experimental, satire, fictional narrative or music video. Applications must be submitted (and films uploaded to YouTube) no later than October 31st. All films must be produced during the current calendar year and address the contest theme.

Contestants must be either living in the U.S. or its territories (but need not be citizens) and must be age 19 or younger on the day the film is submitted. Films will be judged on content, artistic and technical merit and creativity. Judges will be drawn from a panel of renowned writers, actors and filmmakers.

The top three winners receive:

  • Cash prizes of $1,000, $500 and $250
  • A trip with a guest to New York City to attend the Youth Voices Uncensored event in the spring
  • A one-year complimentary student membership to the Rubin Museum of Art
  • The first place winner will received a $5,000 scholarship to the New York Film Academy

For more on this scholarship and other scholarship opportunities, conduct a free scholarship search today!


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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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California Legislation Proposes a $10,000 Bachelor’s Degree

by Suada Kolovic

In what seems to be a growing trend across the country, a California state legislator is the latest elected official to push for a bachelor’s degree that costs no more than $10,000 total (yes, total!). And while last year’s college graduates left school with an average of $25,000 in debt, the possibility of a $10,000 degree to incoming college freshman is encouraging.

Assemblyman Dan Logue (R) introduced the bill following similar initiatives in Florida and Texas: In the proposed California legislation, students would start to earn college credit in high school through Advanced Placement courses and would then enroll full-time at a community college. The state university would in turn accept up to 60 credits for transfer. The problem? There’s the possibility that the state itself could be responsible for much of the cost since the bill requires that schools and colleges be reimbursed for any mandated expenses. As of right now, the legislation has only one sponsor while the speaker of the California Assembly, a democrat, reportedly has alternative plans for higher education reform.

Given California’s current budget woes, do you think the proposed legislation is the right option for the state? Let us know what you think.


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College Student Tweets Oil Tycoon for Tuition Assistance…and Gets a Response!

by Suada Kolovic

Chances are if you’re a college student, you have a Facebook, Twitter, Pinterest and/or Reddit account and with all that social media at your fingertips, you have a few options: 1. Repost a someecard that your friends have seen no less than 20 times (it’s still hilarious to you!) 2. Spend some time analyzing Taylor Swift’s latest breakup 3. Catch up on Grumpy Cat memes or 4. Tweet billionaire oil tycoons for some financial assistance. Well, you wouldn’t be the first to partake in the latter pastime.

Seth Samuelson, a current freshman at Oklahoma State University, had been hounding billionaire T. Boone Pickens on Twitter since September asking for help in paying for his college education. Last week, he finally got a response...though not one that he was hoping for. The social media-savvy billionaire tweeted back, “Give me 10 good reasons why I should do it,” following up a day later with, “Admire your guts but unless your [grade point average] is 3.0 or better, don’t worry about the 10 reasons.” Although getting a response at all was quite a shock, we should mention that Samuelson had tweeted Pickens a total of 68 times. “He’s a generous man, so why not ask?” Samuelson, an 18-year-old sports media major, told FORBES on Monday. Alas, Samuelson did not reply because he does not meet the GPA requirements. Jay Rosser, a spokesman for Pickens, wrote in an email that the billionaire “appreciated Samuelson’s persistence and wished him the best.”

Do you agree with Samuelson’s attempt to coax a billionaire into paying for his college education? Let us know in the comments section. In the meantime, if you’re looking for a different route in financing your college degree, Scholarships.com is a great place to start!


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Interested in Promoting World Peace? Check out our SOTW!

National Peace Essay Contest Deadline is Feb. 1st

January 16, 2013

Interested in Promoting World Peace? Check out our SOTW!

by Suada Kolovic

Established in 1987, the National Peace Essay Contest is an annual contest open to high school students that provides the opportunity to do valuable research, writing and thinking on a topic of importance to international peace and conflict resolution. This year’s topic is Gender, War and Peacebuilding. To participate, students are asked to answer the question: What does it mean to have a gendered approach to war and peace issues?

For more information on this scholarship and other scholarship opportunities, conduct a free scholarship search today!


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Report: Millions of Graduates Hold Jobs that Don’t Require College Degrees

by Suada Kolovic

It wasn’t too long ago that the majority of American’s agreed that one had to earn a college degree in order to succeed in the workforce. Unfortunately for millennials, the rate of success after obtaining said degree is no longer so intrinsically tied: According to a report, millions of college graduates suffer a mismatch between education and employment and hold jobs that don’t require costly degrees.

The study from the Center for College Affordability and Productivity says that nearly half of all American college graduates in 2010 – nearly three years after the recession began – were underemployed, holding relatively low-paying and low-skilled jobs. 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. Authors Richard Vedder, Jonathan Robe and Christopher Denhart agreed that the country could be overeducating its citizens and questioned if too many public dollars were being spent on producing graduates that the nation’s economy doesn’t need. "Maybe we should incentivize colleges to more accurately counsel students," Vedder told the Chronicle of Higher Education. "If you get a degree in business administration, you may not necessarily walk into a middle-class life. There's a good chance you may end up being a bartender." (For more on this study, click here.)

Do you think that a college degree is necessary for gainful employment and upward mobility? Let us know what you think.


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Changes to 529 Savings Plans

February 5, 2013

Changes to 529 Savings Plans

by Suada Kolovic

Figuring out how you’re going to pay for your college education can be intimidating. No one wants to pay off student loans for the rest of their lives, full-tuition scholarships are rare and federal student aid seldom covers all college costs but if you’re lucky enough to have a parent or relative willing to help curb the financial strains, it’s important to note that college savings plans are becoming increasingly flexible and affordable. Here are some of the changes to the 529 savings plans for 2013:

  • Increase gift tax exemptions: Grandparents can gift $14,000 annually before they’re charged a gift tax. Since five years of the exempted amount can be gifted at one time, that’s a five-year donation of $70,000 per grandchild while a married couple could potentially gift $140,000, provided they don’t give additional funds to the same grandchild in the five-year span.
  • Expanded qualified expenses: Last year, families couldn’t use 529 plan funds for laptops, iPads, internet service and software but the IRS is going high tech and realizes these are necessary items for higher education. Parents of a student who receives a full or partial scholarship can now use the funds to enhance their child’s educational experience.
  • Declining plan prices: Competitive bidding among plan management companies to run 529 plans on behalf of states is contributing to the trend of downward pricing. (For more information about 529 plans, click here.)

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