Edvisors Private Student Loans

Scholarship News

New York Free College Scholarship Program Not So "Free"?


April 18, 2017 11:23 AM
by Susan Dutca-Lovell
New York's free college scholarship program is being met with heavy criticism as more details have emerged and it is set to start in fall of 2017. Though lauded for being the first of its kind to offer free college tuition at public colleges and universities, many European countries already offer free college, regardless of family income level...and at the tax payers' expense.

New York's free college scholarship program is being met with heavy criticism as more details have emerged and it is set to start in fall of 2017. Though lauded for being the first of its kind to offer free college tuition at public colleges and universities, many European countries already offer free college, regardless of family income level...and at the tax payers' expense.

What does free college look like? Unlike the U.S., many European countries have lower college enrollment percentages and have higher taxes which allows for more social service programs, including "free" college. Countries such as Germany and Finland offer free college but have 49.4% and 43.8% total tax wedges (or dollar measure of income tax rate), respectively. Even if tax wedges are not exclusively affected by free college tuition, countries like these that offer such incentives still have higher income tax rates than the U.S. by a considerable margin. The current U.S. tax wedge of 31.7% could potentially increase were the U.S. to follow Europe's free college example.

New York's free college scholarship titled the Excelsior Scholarship mandates recipients to work and reside in New York, post-graduation, for the same number of years they received the free college scholarship. Critics of the free college scholarship program believe that the work and residency obligations are "at odds with the historic relationship between public higher education and taxpayers." Graduates who are forced to stay in-state after they graduate risk potential lower earnings and not being able to freely compete in the national labor market. Additionally, students would need to complete 30 credits per year in order to retain the free college scholarship, which could be difficult for first-generation and low-income students who may need to work summers to afford rent and other fees. In the end, it seems that "the neediest are left with nothing but a feel-good message," according to the Director of Federal Relations and Policy Analysis for the American Association of State Colleges and Universities.

One way that students have been going to college with little to no debt is through free college scholarships. While advocacy for free college tuition programs has been gaining traction, going to college with the help of money that does not need to be repaid isn't a new concept.

College is expensive, Scholarships.com is completely free. Pay for your college education with as much free college scholarship money as possible. By applying to all the awards you qualify for, you can be sure to not miss a single opportunity in paying for your college expenses - including tuition, fees, room and board. Get matched to college scholarships instantly and start applying today by conducting a free college scholarship search at Scholarships.com.

Discuss

Share your thoughts and perhaps thousands of students will benefit from your unique insight on the subject!



If you can read this, don't touch the following fields


 
You may be surprised to learn that many of your fellow college students struggle with hunger. About 1 in 5 students are affected by food insecurity. In a normal time, not getting enough to eat can impact students’ grades, health and ability to finish their degrees. And a loss of campus jobs, housing and meal plans due to the pandemic puts more students in danger of going without the food they need. That’s where student-run food banks and pantries come in.

Student-Run Food Banks Making a Difference on Campus

August 11, 2020 10:57 AM
by Izzy Hall
You may be surprised to learn that many of your fellow college students struggle with hunger. About 1 in 5 students are affected by food insecurity. In a normal time, not getting enough to eat can
Philanthropist MacKenzie Scott, founder of the Giving Pledge charity, has been looking to donate her considerable wealth to worthy causes. Among the charities and institutions where she has donated money are a number of Historically Black Colleges and Universities (HBCU), including Howard University and Tuskegee University.

Charitable Donations to HBCUs from Noted Philanthropist

August 6, 2020 11:29 AM
by Izzy Hall
Philanthropist MacKenzie Scott, founder of the Giving Pledge charity, has been looking to donate her considerable wealth to worthy causes. Among the charities and institutions where she has donated
The federal work-study program is a way in which college students can work part- or full-time while simultaneously attending school in order to help pay for college-related expenses. The program, available at the undergraduate, graduate and professional level, may face some changes amid the novel coronavirus pandemic.

College Work-Study Jobs Face Changes During Pandemic

August 4, 2020 4:04 PM
by Susan Dutca-Lovell
The federal work-study program is a way in which college students can work part- or full-time while simultaneously attending school in order to help pay for college-related expenses. The program,
Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation that would allow students with no income to forgo federal student loan repayments. His recommendations, which he developed with bipartisan support, would also simplify the FAFSA and reduce the number of federal loan repayment options from nine to two.

Senator Outlines Student Loan Relief in New Proposal

July 30, 2020 11:49 AM
by Izzy Hall
Senator Lamar Alexander of Tennessee, the current chairman of the Senate education committee, has recently proposed the Student Loan Repayment and FAFSA Simplification Act, a piece of legislation
Have your financial circumstances changed due to COVID-19? You’re not alone. Many students and their families have faced unemployment, reduced job hours and general loss of economic stability in the wake of the pandemic. And as the FAFSA determines your Expected Family Contribution (EFC) based on income from the previous year, students may have greater financial need now than they did when they initially filed for federal aid. Unfortunately, the deadline to submit the FAFSA passed at the end of June. However, it is not too late to appeal your student financial aid from your chosen institution.

It’s Not Too Late: Guide to Appealing Financial Aid

July 28, 2020 1:20 PM
by Izzy Hall
Have your financial circumstances changed due to COVID-19? You’re not alone. Many students and their families have faced unemployment, reduced job hours and general loss of economic stability in the
The FAFSA is a critical tool for both applying to colleges and applying to scholarships – in fact, need-based scholarships often require that you submit the FAFSA as part of your application. So, in a time of economic uncertainty caused by the coronavirus pandemic, it’s surprising to learn that many low-income and minority students did not submit the FAFSA for the upcoming academic year even though they would’ve been eligible for federal aid. At Scholarships.com, we don’t want students to miss out on any form of college financial aid. Applications for the next academic year will open soon, so get prepared by reviewing these FAFSA facts.

The FAFSA: Why You Should File (And How!)

July 23, 2020 3:47 PM
by Izzy Hall
The FAFSA is a critical tool for both applying to colleges and applying to scholarships – in fact, need-based scholarships often require that you submit the FAFSA as part of your application. So, in
While the CDC has not finalized their guidelines for reopening schools for the Fall 2020 semester, the New York Times discovered an unreleased document in which the organization reviews the safety protocol of a handful of institutions of higher education. How are the reviewed schools planning on confronting the coronavirus on campus this fall?

CDC Reviews Higher Ed Reopening Plans for Fall 2020

July 21, 2020 11:47 AM
by Izzy Hall
While the CDC has not finalized their guidelines for reopening schools for the Fall 2020 semester, the New York Times discovered an unreleased document in which the organization reviews the safety
A new survey detailing what rising high school seniors think about college amid the COVID-19 pandemic indicates that despite being unable to visit colleges for much of the year, rising high school seniors are already looking toward fall 2021 and are optimistic that higher education will be back to normal by that time. As a general whole, the survey findings show that the COVID-19 pandemic has not dampened prospective students' interest in attending college in fall 2021.

Where High School Seniors Stand on Coronavirus and College

July 16, 2020 9:48 AM
by Susan Dutca-Lovell
A new survey detailing what rising high school seniors think about college amid the COVID-19 pandemic indicates that despite being unable to visit colleges for much of the year, "rising high school
Fraternities and sororities are important institutions that connect young men and women throughout their academic careers, forming close relationships that last into their professional lives. Fall semester is an exciting and busy time for fraternities and sororities as they welcome members back to campus and hold Rush Week events to hand-pick new members. Returning fraternity and sorority students have a big challenge for Fall 2020 — how will they adapt Greek Life and Rush Week for the coronavirus era?

Rush Week/Greek Life for Fall 2020

July 14, 2020 2:41 PM
by Izzy Hall
Fraternities and sororities are important institutions that connect young men and women throughout their academic careers, forming close relationships that last into their professional lives. Fall