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Financial Aid Change Has Many UB Students Struggling

September 19, 2011

Financial Aid Change Has Many UB Students Struggling

by Alexis Mattera

The fall semester is in full swing at universities around the country and college students are trying to stretch their funds for tuition, books, housing and other college costs as far as they can go. It’s never easy but students at the University at Buffalo are having a more difficult time than usual.

In the past, UB sent out financial aid to coincide with the start of the academic year but pushed disbursement for roughly 18,000 students back three weeks this year – a 21-day difference that left many UB students unable to buy books, pay rent or pay for classes. Though UB’s Vice Provost A. Scott Weber said the change was made to “protect students” by making sure they would receive the exact amount of money they are eligible for, the student newspaper previously quoted interim financial aid director Jennifer Pollard as stating the policy change was a response to fraudulent activities by students.

UB officials did admit they should have done a better job getting the word out about the financial aid change but students and educators alike are still not happy: One professor called the situation “chaos in the classroom” and a “stupid disaster” and a graduate student said the ordeal “draws to question some bigger problems with the administration.” (We’re sure these are among the tamer reactions.) Any UB students out there? Has the funding disbursement delay negatively impacted your semester? College students in general, how would you react if this financial aid fiasco happened at your school?

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Go Green with This Scholarship of the Week

Castle Ink Paperless Scholarship Deadline is March 31st

March 12, 2012

Go Green with This Scholarship of the Week

by Alexis Mattera

St. Patrick’s Day may only come once a year but going green is important every day! Whether it’s recycling cans, unplugging your computer when it’s not in use, opting for reusable water bottles or reading the online edition of your favorite newspaper, protecting the environment is something everyone should try to do in some way. Want to get started but don’t know how? You’re in luck: The Castle Ink Paperless Scholarship is giving you the opportunity to do just that and earn $1,000 for college at the same time.

The Castle Ink Paperless Scholarship is open to U.S. residents who are college bound (aka high school juniors and seniors who will begin attending college within the next two years) and any students currently enrolled at accredited institutions of higher education. To apply, simply fill out the entry form on Castle Ink’s website then post a YouTube video, tweet or create a Facebook wall post explaining how you reduce, reuse and recycle.

Applicants currently have a little over two weeks left to enter – the deadline has been extended to March 31st – so take this time share what you’re doing to make the environment a little (or a lot!) better. To learn more about this and other scholarship opportunities, conduct a free scholarship search today!

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Commit Now, Pay Later

Public College Tuition Often Still Undecided by Enrollment Deadlines

March 21, 2012

Commit Now, Pay Later

by Alexis Mattera

The cost of college is a huge factor for a high school senior about to head off to college for the first time, a transfer student getting ready to continue his or her education at a four-year school and an undergrad preparing to pursue a graduate degree. If the student can’t afford to attend a specific school, an alternate institution that better fits his or her college budget should be selected...but what if tuition is still undetermined before the enrollment deadline?

This scenario is common at public universities across the country, as they cannot announce the next year’s tuition until they know how much funding they will receive from their respective states. Though schools like Towson and UVa offer estimates, banking on those figures is a gamble: For example, VCU raised tuition 24 percent in 2010 and the average public university in California raised expenses 21 percent last year – sizeable increases few college hopefuls could have expected. Colleges in this position have to work out preliminary financial aid packages based on the current year’s costs and adjust the awards after tuition is set. Students weighing their enrollment options at private universities have it much easier: A recent report projected private tuition would rise between 4 and 5 percent for next year but schools including Georgetown, UPenn and Goucher have already set and posted their tuition rates for the upcoming academic year.

Are you still waiting on next year’s tuition rates to make your college choice?

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GRE to Debut ScoreSelect in July

April 26, 2012

GRE to Debut ScoreSelect in July

by Alexis Mattera

College students who want to attend graduate school not only need good grades, excellent recommendation letters and related experience in the field they’re planning to enter but also a solid score on the Graduate Record Examination, or GRE. But what happens if the score you receive isn’t what you (and the schools you’re applying to) were expecting? Starting in July, it’s ScoreSelect to the rescue.

Graduate programs currently receive students’ comprehensive five-year histories of GRE scores but with ScoreSelect, a student will be able to choose to send all scores or just the ones achieved during his or her most recent exam. ScoreSelect also lets students customize their score reports by school: Test takers may send their most recent scores to one batch of schools on test day free of charge and then forward a different set of schools either all of their scores or a specific score from the last five years after the exam for a fee. Why the change, especially so soon after last year’s format overhaul? “What we believe will happen is that students will have more confidence on test day,” said Christine Betaneli, a spokeswoman for GRE administrator Educational Testing Service (ETS).

There are additional details about ScoreSelect on ETS’ website. After getting all the facts, what do you think of ScoreSelect? Is it an option you’ll take advantage of when you take the GRE?

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Employment Rates for Law School Graduates Lowest Since 1994

June 12, 2012

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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10 Med Schools That Received the Most Applications

April 30, 2013

10 Med Schools That Received the Most Applications

by Suada Kolovic

If you’re actively considering a career as a physician, you’re well aware of the long, rigorous and demanding road ahead. With challenging coursework and fierce competition in the forecast, not everyone is up for the challenge...but that hasn’t necessarily translated into fewer students applying to medical school. According to U.S. News & World Report, medical school experts have predicted a shortage of doctors throughout the next decade but no shortage of prospective students. In 2012, total applications increased by 3.1 percent with the average number of applications at the top 10 medical schools totaling approximately 10,812. Check out the top 10 medical schools that receive the most applications for the most recent school year below:

Did your top-choice medical school make the list? If so, would you consider other schools with less competition?

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Debt Deal Not So for Graduate Students

August 2, 2011

Debt Deal Not So for Graduate Students

by Suada Kolovic

If you’re a graduate student or considering graduate school, listen up: The debt deal reached by Congressional leaders and President Obama would make graduate school much more expensive.

According to the agreement, Congress would scrap subsidized federal loans for graduate students in an effort to trim the deficits. These loans don’t charge students any interest on the principal of student loans until six months after students have graduated; if they’re eliminated, some students will have to start paying back loans while they’re still in school. And if that isn’t bad enough, Congress will also ax a special credit for all students who make 12 months of on-time loan payments. The changes would take place July 1, 2012 and would save the government $21.6 billion over the next 10 years, according to the Congressional Budget Office.

For graduate students who do qualify for the maximum amount of subsidized loans, this new agreement could tack on thousands of dollars to the already staggering cost of going to school. The reason behind the changes is the theory that the money saved by the student loan cuts would help pay to keep Pell Grants, which so far are maintained at a maximum grant of $5,550 a year for some 8 million poor students. “Full funding for Pell Grants is absolutely essential to fulfilling the president's goal of the U.S. once again having the highest proportion of college graduates in the world by 2020," said Pauline Abernathy, vice president of the Institute for College Access & Success.

Those considering graduate school, will these changes affect your decision to attend?

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Higher Education Doesn’t Guarantee Higher Lifetime Earnings

August 5, 2011

Higher Education Doesn’t Guarantee Higher Lifetime Earnings

by Suada Kolovic

Pop quiz: What level of higher education earns the most money over a lifetime? (A) a bachelor’s degree, (B) a master’s degree or (C) a doctoral degree? It seems the obvious answer would be the doctoral degree but according to a recent study, the gap is rapidly closing.

The College Payoff, a report published by the Georgetown University Center for Education and the Workforce, revealed that those holding bachelor’s degrees earn about $2.27 million over their lifetime, while those with master’s, doctoral, and professional degrees earn $2.67 million, $3.25 million and $3.65 million, respectively. "It's still true that, on average, it's better to get the higher degree; it's better to keep climbing—but it's less and less true," says the center's director, Anthony Carnevale. That being said, the major and industry a student selects is precisely what determines lifetime earnings: Those who pursue bachelor’s degrees in science, technology, engineering and mathematics (STEM) will earn more, on average, than those with advanced degrees of any level who work in fields like education, sales and community service.

If you’re wondering whether or not earning a college degree at all is worth it, it definitely is. Those with bachelor’s degrees, in any field, will earn vastly more than their counterparts with some college ($1.55 million in a lifetime) or a high school diploma ($1.30 million), indicating that earning a four-year degree is essential to financial success later in life. What do you think of the study’s findings? Are you less likely to pursue a higher degree if the payout is minimal? Weigh in here or via our Resolve to Evolve Essay Scholarship.

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Graduate School to Ask Applicants’ Sexual Identity

October 29, 2014

by Suada Kolovic

The Graduate School at Northwestern University will join Elmhurst College, the University of Iowa, Massachusetts Institute of Technology and a handful of law schools as it begins asking applicants about their sexual orientation.

According to The Graduate School, this question has been added to its application to gain a clearer understanding of the school's community and to better serve all in the school. “It's important for us, but also for others to move in this direction, as well," said school dean Dwight McBride in a statement. "If we don't ask the question, we are not building a data archive and, therefore, have no way of knowing what the needs of our populations and subpopulations in our communities are – beyond guessing and anecdote." It's important to note that answering the question will be optional and will specifically ask whether applicants self-identify as a member of the lesbian, gay, bisexual, transgender or queer/questioning (LGBTQ) community. (Northwestern University does not pose the question on its undergraduate application.) For now, school spokeswoman Josie Whetstone said LGBTQ groups on campus have greeted the news without criticism, most likely because it’s an optional inquiry. (For more of this story, click here.)

What are your thoughts on more universities asking students about their sexual identity? Do you think it's necessary or beneficial to the LGBTQ community? Share your thoughts in the comments section.

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University of Iowa Slashes Law School Tuition

December 10, 2013

University of Iowa Slashes Law School Tuition

by Suada Kolovic

‘Tis the season for discount digging. With the holidays just a mere two weeks away, many people have gift-giving on the brain so it should come as no surprise that everyone’s on the hunt for rock-bottom prices. And whether you’re in the market for a new textured wrap sweater (who isn’t?!), the latest Apple gadget or even a shiny new law degree, you’re in luck! Yup, that’s right future litigators: Law school is officially on sale in Iowa.

The University of Iowa College of Law has approved a 16.4-percent tuition cut for both in-state and out-of-state students. Beginning in the fall of 2014, Iowa residents will pay $21,965 in tuition – a $4,309 reduction – while nonresidents will see tuition fall by $7,750 to $39,500. Why the discount? Turns out that despite being ranked 26th nationally by U.S. News & World Report, enrollment for the law school has steadily declined since 2010. Law Dean Gail Agrawal admits that the tuition reduction is intended, in part, to help the law school compete for applicants and students who are increasingly concerned with cost and debt loads. “We want to take a leading role in the evolving face of legal education and ensure our place as a best value proposition among the top public law schools,” she said. Keep in mind that the University of Iowa isn’t the only law school bargain out there: The University of Arizona’s James E. Rogers College of Law, the University of Akron School of Law, the University of Cincinnati College of Law and Ohio Northern University’s Pettit College of Law have all announced tuition cuts in the past year.

Law school hopefuls, is discounted tuition enough for you to consider a school despite the current weak legal market? Let us know your thoughts in the comments section.

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