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Alaska Governor Stresses Need for State-Funded Scholarship Dollars

Mar 29, 2011

by Alexis Mattera

Here at Scholarships.com, our goal is to make finding money for college as easy as possible. Paying the full cost of tuition out of pocket isn’t in the cards for most college-bound students and high-interest loans aren’t the most desirable options for others, meaning some students’ quests for postsecondary degrees must be funded solely by scholarships, grants and fellowships. Can it be done? Of course it can. You just need the right people on your side.

Alaska Governor Sean Parnell recently requested the funding of the incoming Alaska Performance Scholarship program, a nurse training proposal and a handful of other educational priorities from state lawmakers. While Parnell feels students have worked hard to earn state-funded performance-based scholarship dollars and would be "out to dry" without it, senators worry the program could leave rural students behind if aid is distributed unevenly across the state...not to mention create a potential legal problem given the state constitution’s promise of fair education services. Students seeking need-based grants do have the existing AlaskAdvantage program to turn to but it is significantly underfunded. It could, however, gain support through Senate Bill 43, which calls for AlaskAdvantage to receive $7 million of the proposed $21 million in state college scholarship funding on an annual basis.

Will it happen? Our Magic 8-Ball says "cannot predict now" but we hope it goes through for the sake of the many students in need. How are you currently paying for or planning to pay for school? What programs have you found most helpful in securing the funding you need?

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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College Costs (Literally) an Arm and a Leg

Parent Offers to Become Live Cadaver to Pay Off Children's Student Loans

Feb 28, 2011

by Alexis Mattera

There's been a lot of talk about Harvard lately – its reinstatement of early action, a graduate winning the Best Actress Oscar, another Winklevoss lawsuit against Facebook, etc. – but this next story doesn’t fall within the boundaries of its ivy-covered campus...and not that far away, either. An arm’s length, shall we say?

Desperate to pay off their children's $20,000 worth of student loans, a Boston-area parent recently posted on Craigslist that he or she was willing to sell their body parts to combat the mounting debt. The posting did not include a name, gender or exact location but listed the "live cadaver" was 5 feet 10 inches tall, 200 pounds and had all organs in working order. "If you eliminate my children's student loans, I will give you my life!" the poster wrote. "Take my blood, take my plasma. Drill into my brain, my leg, my arm. Tap my heart, my liver, my kidney," the poster wrote, adding, "I am very very serious."

There are a lot of options out there to limit exorbitant loans (scholarships, grants and fellowships, to name a few) and consolidation can simplify the loan repayment process by allowing the borrower to combine several types of federal student loans and repayment schedules into one...but selling off one’s body parts piece by piece? We’re all for finding interesting ways to pay for school but this is just plain crazy. Would you ever consider taking this route to keep loan collectors at bay?

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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Scholarship Scam Spotting 101

Feb 16, 2011

by Alexis Mattera

Applying for scholarships requires hard work, creativity and time...not boatloads of cash, frustration and empty promises. Each year, however, students are duped into ponying up exorbitant application fees for scholarships they aren’t even guaranteed to win. This is just plain WRONG, people – scholarships are supposed to be free money for college! – and while we’re betting you’ve already checked out our pages on scholarship scam prevention, the Washington Post recently published some refresher info:

  • Filling out the FAFSA is 100-percent free and you can do it either online or on paper. If you would like to fill it out online, be sure your search terms are correct: A seemingly small typo like "FASFA" can direct you to sites that ask you to pay to file...and the forms they have are sometimes the wrong ones.
  • It's legal for for-profit companies to charge for providing scholarship information but it's illegal for them to collect fees but never provide the information, misrepresent themselves as government officials or guarantee they'll get the student full funding for college.
  • Voice any concerns about an organization to a high school or college counselor; they've been there and done that and can point you to the truth.
  • If you are alerted that you're a finalist for a contest you've never entered or if credit card/banking information is requested online, go no further unless you are positive the organization is legit.
  • Don't give in to anything branded as a "limited time offer" or "exclusive opportunity." They're just high-pressure sales tactics.
  • Investigate the success stories presented at seminars. These so-called "satisfied customers" could have been paid to give glowing recommendations so ask for a list of at least three local families who used the service and contact them directly to make sure the organization delivered on its promises.
  • If you do find a legitimate organization that requires payment, get in writing how much the service costs, what exactly the company will do and the refund policy.

College is expensive enough so save those application fees for books and other college expenses: All Scholarships.com’s services – from the scholarship search and college matchmaker to financial aid information and college preparation tips – are available completely free of charge. You’re welcome!

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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Obama (Sorta Kinda) Keeps His Promise

Changes in Higher Ed Funding Afoot

Feb 15, 2011

by Alexis Mattera

While "Honest Barack" doesn't have quite the same ring as our 16th President’s nickname, we have to give him credit for keeping his promise to privilege spending on education and research...for the most part: Some potentially painful cuts could slice through the higher education pie relatively soon.

First, the good news. The 2012 budget blueprint reveals the maximum Pell Grant (currently set at $5,550 per year) would not be slashed by $845 as originally expected and funding will continue for financial aid programs including AmeriCorps, the Perkins Loan and Supplemental Educational Opportunity Grant Programs and academic research agencies. The Education Department's overall budget would grow by 4.3 percent in 2012 under the President's budget but despite this positive information, it won’t be all unicorns and butterflies for college students. Education Secretary Arne Duncan said the administration had to make some "tough choices" to maintain the current level of funding and compensate for future spending. For example, the department's 2012 budget calls for ending a three-year experiment allowing students to qualify for two Pell Grants in a calendar year and use this funding to attend college year-round, as well as eliminating the subsidy in which the government pays interest on graduate student loans while the students are in school; the Leveraging Educational Assistance Partnership Program, the Byrd Honors Scholarships and the TEACH Grant program would also be eliminated.

Obama said, "Education is an investment that we need to win the future...and to make sure that we can afford these investments, we’re going to have to get serious about cutting back on those things that would be nice to have but we can do without," but student advocates, like Justin Draeger, president of the National Association of Student Financial Aid Administrators, were quick to show their displeasure. "It is regrettable that the administration is proposing to maintain Pell by making cuts to other student aid programs that provide much needed funds to students," he said.

The information above merely scratches the surface (check out Inside Higher Ed’s article for all details) but it’s enough to get the conversation started. What do you think of the proposed budget? Will the changes impact your ability to pay for school? Would you propose a different course of action?

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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5, 4, 3, 2, 1…Happy New FAFSA!

2011-2012 Application Available Tomorrow

Dec 31, 2010

by Alexis Mattera

Ladies and gentlemen, prospective and current college students, I (or the federal government, rather) give you the 2011-2012 Free Application for Federal Student Aid (FAFSA). Hooray!

Vacuum up the confetti because it’s time to get down to business. January 1st marks the first day college-bound seniors, continuing undergraduate and graduate students, and their parents can begin filling out the FAFSA online. Completing the FAFSA is a vital part of the college process: The Department of Education uses it to determine eligibility for federal student financial aid for college. This aid includes federal grant programs (such as the Pell Grant), federal work study, and federal student loans; it is also used by states to determine eligibility for their college aid programs, such as state grants. Colleges also use the FAFSA to determine eligibility for the need-based aid programs they administer and, finally, many scholarship opportunities request FAFSA information as part of their application processes. Even if you think that you won’t qualify for free money in the form of need-based college scholarships and grants, you should still apply. At the minimum, the vast majority of students qualify for Stafford Loans, low-interest federal student loans that represent one of the best deals in borrowing and paying for school.

Submission deadlines vary by state (verify yours sooner than later here) so, as with any sort of college funding, we recommend you complete the FAFSA as early as possible because funds do run out. For more information, visit the official FAFSA website or review our federal aid pages. Happy filing (and New Year)!

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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A Deal with the (Sun) Devil

ASU Placed on NCAA Probation for Scholarship Violations

Dec 17, 2010

by Alexis Mattera

Imagine working hard throughout high school, getting accepted to the college or university of your choice and receiving a scholarship covering all or part of your tuition. Now imagine being asked to give back even a tiny percentage of that award.

Wait...WHAT?! Exactly...but that's what happened at Arizona State University when former baseball coach Pat Murphy requested a number of his players relinquish all or part of their athletic scholarships for the 2006-2007 academic year so that the coaching staff could enroll several transfer students they had been recruiting through a program Murphy called Devil-to-Devil. His actions may not have been discovered unless a parent of a player complained about the process to ASU’s athletics director and after an investigation, the National Collegiate Athletic Association (NCAA) agreed that this practice was problematic and violated rules. The punishment: ASU has been banned from the college playoffs this coming season and must vacate numerous wins, including the team’s 2007 Pacific-10 Conference title and trip to the College World Series; the school also received three years' probation, scholarship reductions and recruiting limitations. Though ASU has taken responsibility for not monitoring the baseball program more closely, it intends to appeal the NCAA’s decision.

As for Murphy – who echoes the name of his program with several other questionable practices – he’s not coaching anywhere at the moment but will not go unpunished. He was forced to resign last year and the NCAA bestowed a one-year show-cause penalty upon him so that any institution interested in hiring him in the next 12 months must not only defend why it is hiring him but also how it will monitor his behavior to prevent further violations.

This situation is shady any way you slice it but I do feel for the ASU students and coaches who are being penalized for events they had no part in. The beauty of college scholarships is that they don’t have to be repaid, allowing students to graduate with little to no student loan or credit card debt. To be clear, what Murphy did was wrong but by limiting the amount of scholarship awards and financial aid ASU can disperse, he’s not the one being truly punished – it’s the deserving students that are being hurt the most.

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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Nobody’s Business

Interest in the Once Most Popular Major Stalling, Falling

Dec 13, 2010

by Alexis Mattera

One would think that the condition of the U.S. economy would have undergraduates declaring business as their majors in droves. One would also, however, be wrong: Federal and college data show interest in the field is mimicking the Metrodome roof and falling.

Inside Higher Ed reports business is no longer the big man on campus in terms of majors and interest appears to be static and even waning at many schools. Since 2008, Pennsylvania State University has recorded a 30-percent decline in undergraduates accepting offers from its Smeal College of Business – a trend that’s far from isolated: Though rates have remained stable and even increased at the University of Oregon and Indiana University, the share of business majors at University of Central Florida is down by nearly 15 percent this semester relative to 2008 and 13 percent fewer students are enrolled in Purdue University’s Krannert School of Management this semester compared to two years ago; last year, the number of applicants dropped 26 percent from the previous year.

John Pryor, director of the survey-conducting Cooperative Institutional Research Program at the University of California Los Angeles, suggested student loan debt and the perceived lack of career stability in business may be fueling this shift. "Even though students have higher debt, some are seeing that business is not as likely to help them pay that debt back," he wrote. "We also saw business employees losing jobs and having lower incomes, so perhaps students see business as not providing as sure a track towards economic freedom as in the past." The survey also suggested undergraduate interest in business peaked long ago – 1987 to be precise, the same year Gordon Gekko famously declared "greed, for lack of a better word, is good” in the movie “Wall Street.” Coincidence?

Students, has the economy influenced what you’re majoring in? Are you more likely to take pages from the books of computer science majors Bill Gates and Mark Zuckerberg instead of emulating good ol’ Mr. Gekko?

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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Boston University Student Wins ‘Jeopardy!’ College Championship

Will Use Winnings to Pay Student Loans, Graduate Debt Free

Nov 26, 2010

by Suada Kolovic

Competing against some of the brightest young minds in the country, Boston University sophomore Erin McLean became the 2010 “Jeopardy!” college champion on Saturday. The 2009 Danvers High School graduate beat out 14 competitors for the coveted title. Taking on challengers from Yale University and Southern Adventist University in Tennessee in the final round, McLean won the grand prize of $100,000. Aware of the current economic climate, McLean shared how she planned on spending her winnings: "The first thing I'll do is payoff my student loans. I'm really looking forward to graduating debt-free; that will be amazing." Any money remaining will go towards a new MacBook and a spring break trip with friends. (She is in college, after all!)

McLean, a lifelong “Jeopardy!” fanatic, explained that after missing the Final Jeopardy question, she was unsure of her fate – “If you watch the show, it looks like I didn't know whether I won or not," she revealed – but after a few gut-wrenching seconds, host Alex Trebek announced her the winner. As she made her way out to center stage, she stood beside Trebek clutching the championship trophy, giggling all the while. “It was unreal and one of the best moments of my life," McLean said. "I got to actually live my childhood dream. I never thought I'd even get called to be on the show, so to win ... Words can't even describe it."

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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Pew Reports Students Borrowing More than Ever

Nov 24, 2010

by Suada Kolovic

On the heels of our latest post – a story about a Northeastern grad who accumulated $200,000 in student loans – the Pew Research Center released a report that members of the class of 2008 borrowed 50 percent more than their counterparts who graduated 12 years earlier. According to the report, increased borrowing by college students has been driven by three trends: more college students are borrowing, college students are borrowing more, and more college students are attending private for-profit schools. The report reveals that the number of undergraduates borrowing rose from 52 percent in 1996 to 60 percent in 2008 and among those who borrowed, the average undergraduate loan increased from $17,000 in 1996 to $23,000 in 2008. The rise in attendance at private, for-profit colleges also resulted in the increase of student borrowing; the report states, “Students who attend for-profit colleges are more likely than other students to borrow, and they typically borrow larger amounts.”

This isn’t the shock of the century by any means. In August, the Wall Street Journal reported that for the first time in history, student-loan debt surpassed credit card debt. The figures are staggering: According to the Federal Reserve, Americans owe $826.5 billion in revolving credit, while students owe an estimated $829.785 billion in loans. In fact, so many college graduates are plagued by massive amounts of debt that the Huffington Post has provided an outlet for college graduates to share their stories - almost as a cautionary tale – through an ongoing project, Majoring in Debt.

What do you think? With recent college graduates facing debt in the hundreds of thousands, what are you doing to ensure you don’t end up in the same situation?

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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And the Best Value Colleges Are…

Kiplinger Ranks Top Private and Liberal Arts Schools

Nov 15, 2010

by Alexis Mattera

True or false: Public schools are always a better value than private schools or liberal arts schools. Have your answer all bubbled in? Let’s see if it’s right.

A school’s value isn’t solely determined by cost; though it does play a significant role, if you factor in curriculum caliber and overall quality of life, it turns out that many private and liberal arts schools are indeed better values than their public counterparts. That and the amount families actually have to pay after financial aid is only around $20,000. Nice.

According to Kiplinger’s annual lists, Swarthmore College and Princeton University lead the pack for liberal arts and private institutions, respectively. Why? Swarthmore’s most qualified applicants only pay $18,791 – that’s nearly two-thirds off the school’s $52,650 sticker price and a huge reason why almost all Swatties return for sophomore year – and Princeton graduates leave its hallowed halls with the lowest average debt, due in large part to a tuition bill less than $50,000 and the elimination of student loans from its financial aid package. Here are the top 10 in each category:

Best Values in Liberal Arts Colleges

  1. Swarthmore College
  2. Pomona College
  3. Williams College
  4. Washington and Lee University
  5. Davidson College
  6. Bowdoin College
  7. Claremont McKenna College
  8. Amherst College
  9. Hamilton College
  10. Vassar College

Best Values in Private Colleges

  1. Princeton University
  2. Yale University
  3. California Institute of Technology
  4. Rice University
  5. Duke University
  6. Harvard University
  7. University of Pennsylvania
  8. Columbia University
  9. Brown University
  10. Dartmouth University

Students and parents, does this information have you rethinking the possibility of private and liberal arts schools?

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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How Expensive is "Too Expensive" for a College Education?

Students Willing to Spend More for Academics, Prestige

Nov 4, 2010

by Alexis Mattera

The true cost of a college education is seldom the number that’s printed in school brochures and on various college comparison lists. When you figure in federal aid, scholarships, grants, room and board, books and supplies, that price fluctuates. One thing remains constant - higher education doesn’t come cheap - but a new poll finds students are willing to stretch their finances for several key factors.

In April, right up until enrollment deadlines, students were still considering “too expensive” schools and were willing to stretch to pay for their education, poll conductors the College Board and the Art & Science Group report. While it would be more financially sound to select the school with the lower tuition and better financial aid package, “too expensive” colleges remained in play if they had strong academics in students’ fields of interest, were places students felt comfortable, had prestigious academic reputations or had excellent records of graduate school acceptance or good job placement after students graduated. Here’s the breakdown:

  • Twenty-six percent of students surveyed said their family would have to stretch a lot, but “I think we’ll make it.”
  • Twenty-two percent chose “I’m not sure how my family will afford to send me to college, but I believe we’ll work something out when the time comes.”
  • Eleven percent said, “I don’t think my family can afford to send me to college, but we are going to try.” Nearly 40 percent of students surveyed did not have a sense of long-term costs, citing “no idea” what their likely monthly payment on student loans would be after graduation.

If you think back to every award show you’ve ever seen, you’ll recall those who do not win always say it is an honor just to be nominated. The same can be said for college admissions: It’s an amazing achievement to be accepted to a prestigious college but is attending worth it if the cost of attendance is going to drive you and your family into debt?

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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