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The Five-Year Plan: Why It’s Okay To Be a Super Senior

Apr 12, 2012

by Kayla Herrera

Everything is blooming and trees are awakening with widening leaves stretching up toward the sky. The birds are chirping and don’t forget the sound of graduation gowns sweeping across the floor! I should be graduating this year but like so many other college students my age, I have been thrown more than a few curveballs in my time in school and I have another year to go before I can enter into the workforce full-time. I want to assure you that this is okay and completely normal!

Here at Michigan Tech, we have a five-year plan. In order to graduate from Michigan Tech in four years, one must take 18 credits every semester, not including summer semesters. Not a fan of killing yourself with books, papers, exams, labs and a part-time job and would prefer to enjoy your time in college? That mentality is adopted by most students at Michigan Tech, making those who graduate in four years or fewer the minority.

Let’s face it – things happen: You change your major and have some serious catching up to do in prerequisite classes, you have a death in the family, you become seriously ill and take a semester off, or you just want to study abroad for a while. And that’s all more than fine, people! Yes, money is a huge issue (you can combat this by finding as many scholarships and grants as possible!) but at least we didn’t develop serious illnesses because of stress in an overworked educational environment!

My advice? Take it easy and give yourself time to soak in all of the new information you are learning. Remember, don’t let anyone make you feel inferior for needing to stay in school for an extra year or two. There are colleges out there, just like mine, where the majority of students are on five-year plans – you just have to find them.

In addition to being a Scholarships.com virtual intern, Michigan Tech student Kayla Herrera is a media coordinator for the Michigan Tech Youth Programs and is a writer for The Daily News in Iron Mountain, Mich., Examiner.com and WHOA Magazine. She love a tantalizing, action-packed video game and can't get enough of horror movies (Stephen King's books always have her in their grip, though she prefers the old over the new). Writing is what she has always done, and that is what she is here to do.

And don't forget, you should pay for your college education with as much free money as possible! Find as many scholarships and grants as you can before turning to student loans. Visit the Scholarships.com free college scholarship search today where you'll get matched with countless scholarships and grants for which you qualify, then apply and win! It’s that easy!

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Colleges Worry About End of Federal Aid-Based Ability Benefit

Mar 20, 2012

by Alexis Mattera

It may feel like we’ve skipped winter but federal aid is about to be put on ice for college hopefuls lacking high school diplomas or GEDs.

As of July 1st, newly-enrolled students will no longer be allowed to take an "ability to benefit" test or complete a set amount of credits without aid; instead, college students will be required to have high school diplomas or GEDs in order to receive federal financial aid. How will these students – many of whom are older, seeking training to find a new job, immigrants and students in states like California where the basic adult education budget has been cut – pay for school? College administrators anticipate they will turn to private loans...or give up on their degrees entirely.

David Baime, vice president for government relations at the American Association of Community Colleges, says the change “runs counter to the missions of many of our colleges,” as these schools view enrolling students without high school credentials as a key part of providing access to higher education: There are currently about 836,000 students without high school diplomas or GEDs enrolled at two-year public colleges nationwide and according to a limited 2006-2007 Education Department study, students without high school diplomas and GEDs were ultimately more successful in college and had higher GPAs than their classmates with high school diplomas, even if they failed the "ability to benefit" test. If would-be students have to get a GED before going to college and receive zero financial assistance while they prepare, Baime says many will opt out altogether.

What do you think of the new rule regarding federal aid? Do you think a high school diploma or GED is necessary to succeed in college?

And don't forget, you should pay for your college education with as much free money as possible! Find as many scholarships and grants as you can before turning to student loans. Visit the Scholarships.com free college scholarship search today where you'll get matched with countless scholarships and grants for which you qualify, then apply and win! It’s that easy!

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Multiple Law Schools Could Face Litigation Over Job Placement Rates

Mar 15, 2012

by Suada Kolovic

With the cost of a college education rising relentlessly and our economy still downturned, students are faced with a tragic catch-22: either become saddled with overwhelming debt or forgo a college education and limit your career possibilities. But are those the only options? What if students could prosecute their alma maters because they were misled by high job placement rates? Well if you pursued law school, chances are your college will soon be in the midst of a similar situation.

According to reports, 20 more law schools have found themselves under fire regarding allegedly deceptive job placement rates. The eight firms held a news conference announcing that they were seeking to file class action lawsuits and predicted that “nearly every law school in the country” would soon face litigation. With the team promising to sue 20 to 25 schools every few months, several law schools have already started revising their employment data – data that reflects much lower percentages of students securing full-time positions and reveal that salary statistics were based on a small percentage of students who voluntarily reported their incomes. David Anziska, one of the lead lawyers, said the team hopes that the law schools would eventually enter into a “global settlement” under pressure from the courts, regulators and legislators.

What do you think of the lawsuit? Is it fair to target law schools during these trying economic times when almost all college graduates, regardless of their majors, are struggling to find employment? Let us know in the comments section.

And don't forget, you should pay for your college education with as much free money as possible! Find as many scholarships and grants as you can before turning to student loans. Visit the Scholarships.com free college scholarship search today where you'll get matched with countless scholarships and grants for which you qualify, then apply and win! It’s that easy!

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Congress Plans to Double Stafford Loan Interest Rates

Mar 14, 2012

by Suada Kolovic

Recent reports suggest that student loan debt has surpassed credit card debt for the first time and will reach $1 trillion this year. The average college student leaves owing $25,000 in loans, putting them at risk of having to significantly delay moving on to different life stages such as buying a house, getting married and even having children. Curious as to how the government has responded in aiding and relieving students of insurmountable debt? By possibly doubling the interest rate of the most popular federally subsidized loans, of course.

On Tuesday, college students delivered more than 130,000 letters to congressional leaders at the Capitol to protest the increase. Unless Congress takes action, the interest rate on subsidized Stafford loans is set to double from 3.4 percent to 6.8 percent on July 1, increasing the average debt by $2,800 for more than 7 million students receiving the loans, according to a spokesman for the Democratic members of the House Committee on Education & the Workforce. Why is Congress considering the increase when so many students are already in debt? In 2007, Congress voted to cut the Stafford interest rate, which in turn cost an estimated $7.2 billion from 2007 to 2012 and, according to the Congressional Budget Office, that burden was shouldered almost entirely by lenders and loan-guarantee agencies. "We all want to promote efforts that will reduce college costs, but the era of empty promises has to end," said John P. Kline Jr., a Republican from Minnesota who is the committee's chairman. "The interest rate hike students face is the result of a ticking time bomb set by Democrats five years ago," Mr. Kline said. "Simply calling for more of the same is a disservice to students and taxpayers." (For more on this story, click here.)

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

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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Are College Students Borrowing Too Much or Not Enough?

Mar 7, 2012

by Alexis Mattera

Did you have to take out student loans in order to pay for all or part of your college education? Probably, as total student loan debt passed total credit card debt for the first time and is approaching the $1 trillion mark, but the bigger problem could be that college students who truly need to borrow are not doing so.

In a new analysis of student debt published in AEA’s Journal of Economic Perspectives, researchers Christopher Avery and Sarah Turner explain that overemphasis in news coverage of students drowning in debt is scaring people away from taking on healthy debt. They say that capital investment one takes on with a student loan is growing – males with college degrees make $600,000 more in their lifetimes than peers with only high school degrees – but just one in six full-time students at four-year colleges who are eligible for a student loan do not take one out. Why? The study cites rational self-control, short-sightedness and risk factors like the difficulty of predicting future earnings but also reveals that many loan-less students accrue debt by relying heavily on credit cards to cover educational expenses and half work more than 20 hours per week – a schedule that could hurt their chances of graduating on time or at all.

There’s much more to the study here but what’s your take on student loans? Is borrowing worth it if it's done responsibly or is it best to use loans as a last resort in funding your education?

And don't forget, you should pay for your college education with as much free money as possible! Find as many scholarships and grants as you can before turning to student loans. Visit the Scholarships.com free college scholarship search today where you'll get matched with countless scholarships and grants for which you qualify, then apply and win! It’s that easy!

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Romney on College Costs

GOP Candidate Offers Little Comfort to Current and Hopeful College Students

Mar 6, 2012

by Alexis Mattera

If you want to go to college but can’t completely afford it, don’t expect Mitt Romney to help you bridge the financial gap.

During yesterday’s town hall meeting in Youngstown, Ohio, Romney made it clear that he would not promise to give students government money to cover higher ed costs. The advice he did offer regarding colleges was blunt – pick an affordable option, get scholarships, join the military and graduate early – and very different than the words of President Obama during his third State of the Union address, which discouraged tuition increases and aimed to double the amount of federal work-study jobs. Though this is a man who pushed for state-funded four-year tuition scholarships while serving as the governor of Massachusetts, Romney’s mantra is now firmly “don’t expect the government to forgive the debt that you take on”...or protect you from it, for that matter: He supports the House Republican budget which would cut Pell Grants by at least 25 percent.

What do you think of Romney’s position regarding higher ed funding?

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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Should You Commute to College?

Feb 24, 2012

by Kara Coleman

Traditionally, most college students live in dorms or apartments on or near their campuses to get the full “college experience.” But before you sign that rental agreement, you might want to consider living at home and commuting to school.

We’re all familiar with the stereotypical college student – eating Ramen noodles for every meal and taking out student loans to pay for books and tuition – but that doesn’t have to be you! My goal is to graduate from college debt-free so I live at home with my parents and commute to a university about 30 minutes away. Because I live at home, I am able to save myself rent and utility expenses and use the money I earn from my job to pay cash for my tuition and books. Some students prefer the feeling of independence that comes with living on your own (I mean, if you live in your parents’ house, you live by their rules!) but not taking out student loans will mean financial freedom after I graduate and get a real job.

The downside to living so far off-campus is that I’m not as connected to events and happenings at school as the students who live there are. It’s not always easy to make it to meetings and events when commuting from the next county but by no means does it deprive me of the college experience: I still attend football games, plays and seminars at my university, and hang out with friends between classes.

Is living home and commuting right for you? While it’s certainly not for everyone, it’s definitely an option that I encourage students to consider while making housing plans for the upcoming school year.

This summer, Kara Coleman graduated from Gadsden State Community College with an Associate of Arts degree. She is currently studying communications with concentration in print journalism at Jacksonville State University Kara's writing has been featured in Teen Ink magazine and she is a children's author through Big Dif Books.

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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Sixty-Two Schools Meet Students’ Full Financial Need

Feb 22, 2012

by Alexis Mattera

Wouldn't it be amazing if that super expensive college you were just accepted into said, "Hey there, new friend – thanks for all your hard work saving, scrimping and scholarship searching but we’ll take it from here, financially"? It can happen...kind of.

When a student fills out the FAFSA, a figure known as the expected family contribution (EFC) – the amount a student or family can reasonably spend on one year of college – is calculated using family income, number of children, amount of assets and other factors. There is sometimes a gap between the EFC and the final cost of college but 62 schools have reported to U.S. News that, on average, 100 percent of their admitted full-time undergraduate students' financial need was met for fall 2010 by some combination of aid (work-study, merit scholarships, grants, subsidized loans, etc.).

Now, we're not going to list every single college and university that reported these claims (you can check out U.S. News' site for that) but we will say that some well-known schools like Yale, Vanderbilt and Grinnell – the latter of which has never failed to meet full need for a student in 20 years, according to financial aid director Arnold Woods – have made the cut. Way to go and keep up the good work!

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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The President on Education

Obama Talks Higher Ed in State of the Union Address

Jan 25, 2012

by Alexis Mattera

In addition to talk of the economy and spilled milk, President Obama shared his thoughts on higher education during his third State of the Union address last night. On his to-do list: reduce student loan interest rates, extend a tax credit and continue supporting community colleges.

Ideally, the president would prevent the interest rate increase on federal student loans currently set for July, double the amount of federal work-study jobs in the next five years (moves that would cost $5 billion and $1 billion per year, respectively) and make the American Opportunity Tax Credit permanent. Obama praised community colleges as he has in the past for their links to job training and their contributions to keeping college affordable but had some harsher words for other institutions: Colleges that continued to hike tuition were put "on notice" and a document accompanying the speech said the president would propose to shift some federal aid away from colleges that don’t provide good value. "It’s not enough for us to increase student aid," Obama said. "We can’t just keep subsidizing skyrocketing tuition; we’ll run out of money. States also need to do their part, by making higher education a higher priority in their budgets. And colleges and universities have to do their part by working to keep costs down."

Did you watch the State of the Union? What did you think of what President Obama had to say?

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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The Pros and Cons of Graduating Early

Jan 20, 2012

by Radha Jhatakia

Much of the time, college students who are able to get the classes they need and have an education plan are able to graduate early. Graduating early can be a blessing or a curse depending on how you look at it; it worked for my fellow virtual intern Jessica but how do you know if it's right for you? Here are some questions to ask yourself:

1. Do you have job offers lined up after graduation?

2. Did you go to college close to home?

  • If you said yes, then graduating early wouldn’t be a tough transition but if you attended college further away, graduating early may be more difficult. Many if not all of your friends were will still be in school and you’ll also miss out on the senior graduation programs.

3. Did you take out loans to pay for college?

After you answer these questions, you should be able to determine if you should graduate early or not. Just remember there are pros and cons to both and you should choose the path that’s right for you.

Radha Jhatakia is a communications major at San Jose State University. She's a transfer student who had some ups and downs in school and many obstacles to face; these challenges – plus support from family, friends and cat – have only made Radha stronger and have given her the experience to help others with the same issues. In her spare time, she enjoys writing, reading, cooking, sewing and designing. A social butterfly, Radha hopes to work in public relations and marketing upon graduation.

And remember, there’s no need to rely on expensive student loan options to pay for your college education. For more information on finding free scholarship money for college, conduct a Scholarships.com free college scholarship search today, then apply and win! It’s that easy!

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2011: The College Edition

Jan 3, 2012

by Angela Andaloro

There are lots of 2011 recap lists circulating the Internet but the one you are about to read comes from a different perspective: a college student's! There were many interesting events that occurred this year that involved colleges – here’s to the lessons we’ve learned this year...and the lessons ahead of us!

Occupy Wall Street: This nationwide protest had great appeal to college students, who have expressed their frustrations at rising tuition costs and the amount of debt students are accruing. Students participated in walkouts in November to express their unity with the movement and also faced off with police. (I’m sure no one will forget the UC Davis pepper spraying photo and its viral impact any time soon.)

Controversy: Controversy has swept colleges by storm in the latter half of this year with scandals occurring at both Penn State and Syracuse University. While these stories raised many concerns amongst parents and students, it also increased the sense of community and unity amongst the students at these schools and beyond. This was illustrated best by a building on the Penn State campus sporting an adaptation of their classic “We are Penn State!” chant: Following the controversy surrounding the football program, the building now reads “We are still Penn State!” showing that despite recent incidents, students are still proud to be Nittany Lions.

Achievements: College students around the country - including you! - have been accomplishing great things all year long. Whether it was passing a tough class, being awarded a scholarship or scoring an amazing internship, the things you’ve achieved this year contributed to the overall scope of college life in 2011. Surely, your accomplishments will continue on and play a role in making 2012 a happy, healthy, successful year for us all.

Have something to add? Let us know which events were important on your campus this year!

Angela Andaloro is a junior at Pace University’s New York City campus, where she is double majoring in communication studies and English. Like most things in New York City, her life and college experience is far from typical – she commutes to school from her home in Flushing and took nearly a semester’s worth of classes online – but she still likes to hang out with friends, go to parties and feed her social networking addiction like your “average” college student.

Going to college doesn't have to break the bank or saddle you with tens of thousands of dollars in student loan debt. Check out the Scholarships.com free college scholarship search where you’ll discover you qualify for hundreds of thousands of dollars in scholarships in just a few minutes, then apply and win! It’s that easy!

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