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Daytona State Employing E-Book Program

Students Could Save Hundreds of Dollars Each Semester

September 3, 2010

by Kevin Ladd

Daytona State is going to do it beginning in January 2011; they will actually purchase a license from publishers to allow their students access to electronic versions of the texts they would otherwise go out and try to locate in print form at the best price they can find. For this service, the student s will be charged a “digital materials” fee. For it’s part the college will require publishers to make the e-books readable in multiple types of e-reader, regular computers included. After all, not everybody has a Kindle or an iPad.

Since they can pretty much guarantee one e-book sale per student per class per semester, Dayton State will be able to get a pretty sizeable discount from the publishers. When you consider there are no printing costs, etc. for the publishers, you would think it would be even less, but the estimated fee as it stands is about $30 per e-book. That said, this is still a huge savings off regular e-book pricing and only about a quarter of what they would be paying for standard, new, print textbooks.

Funnily enough, this practice actually originated with one of the oft-maligned “for-profit” institutions, University of Phoenix, where e-books have been in use for some time. At many schools the cost of books, while considerable, is not much in comparison to tuition, room and board at around $1,100 per student at a four year school. However, at Daytona State, a former community college that now offers some four-year degrees, textbooks can make up nearly a third of a student’s total cost of attendance. With that in mind, it’s easy to understand why such a school might give this approach a try. And it’s not like the students won’t still have a choice, either. If a student prefers a printed book they can either print the book themselves or purchase a regular print textbook and apply the digital materials fee to the purchase. Would you rather save up to $1,100 or have traditional, print textbooks? Do you think/hope your school will try a similar program? Let us know what you think about Daytona’s upcoming e-book program.


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Community Colleges Seek New Revenue Streams

Schools Try to Keep Lines of Communication Open with Alumni

September 27, 2010

Community Colleges Seek New Revenue Streams

by Suada Kolovic

College is expensive - no one would argue that. That being the case, attending community college is an option students are turning to. But with the economy in a slump, community colleges across the country are faced with booming enrollment amid decreasing financial support from the state government.

State appropriations for community colleges have taken a hit in recent years. In the past decade alone, state funding per full-time equivalent student fell to $3,150 from $4,350. Accordingly, the state’s community colleges turned away about 4,000 applicants this fall alone because of lack of capacity, turning away a similar number last fall.

The Foundation for Maine’s Community Colleges, a newly created development organization courting donations for the state’s seven two-year institutions, has begun a $10 million fund-raising campaign to help with the slumping state’s support. Foundation officials note that they expect the majority of the funds to come from state businesses that see community colleges as serving them, in contrast to the development work many four-year institutions do among alumni.

But as state budgets continue to dwindle, experts expect more community colleges to look to private donations in the future.

"Most donors to universities are alumni who have been carefully cultivated and served," said Linda Serra Hagedorn, professor and interim chair of Iowa State University’s Department of Educational Leadership & Policy Studies. Community colleges typically do not keep communications open with their alumni. Most do not keep any contact with their alumni. As a result, most CC graduates do not identify with the CC as an alma mater. I think we will see this changing with time."

Hagedorn acknowledges that donors can be very helpful to providing the funds necessary to serve their students and many community colleges have yet to explore the options of naming their buildings or providing endowed professorships.


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SUNY Albany Bids Adieu, Ciao and Do Svidaniya

Classics and Theater Departments Also Eliminated…But Why?

October 4, 2010

SUNY Albany Bids Adieu, Ciao and Do Svidaniya

by Alexis Mattera

Coptic, Ancient Greek, Latin and Sanskrit have long been considered “dead languages” but at SUNY Albany, a few more are joining that list in terms of majors. On Friday, language faculty members learned the university was ending all admissions to programs in French, Italian and Russian. Classics and theater are also being cut once current students in those programs graduate.

At least 10 tenured faculty members in language programs, 20 adjuncts and tenure-track educators were told they have two years of employment left in which to help current students finish their degrees. It came as more of a shock, however, that so many languages were being eliminated at the same time – not to mention that it was happening at a doctoral university that touts the motto of "the world within reach." How could this be happening, they wondered? University president George M. Philip cited deep, repeated budget cuts and the failure of the New York Legislature to pass legislation that would have given more control over tuition rates and the use of tuition revenue to the state's university systems.

If this news left me slack jawed, I can only imagine how faculty members in the impacted departments must be feeling. One French professor said no other university of the caliber and size of Albany has taken such drastic measures so why now and with this institution? If others are making it work, why can't Albany?


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Textbook Alternatives = Big Savings

Open Books, Rentals Preserve Students’ Funds

October 8, 2010

Textbook Alternatives = Big Savings

by Alexis Mattera

As a college student, my pockets were far from deep but they got even shallower when I stopped at the co-op to buy my books at the beginning of each semester. My wallet and I loathed the astronomical price tags (even for used copies!) with a passion because we both knew there had to be a way for me to get books and not be forced to subsist on Top Ramen until my next break. I was right…just kind of bummed it didn’t happen during my collegiate tenure.

Data from the Student Public Interest Research Group’s new survey disclose textbooks available for free online or sold in print for low cost could slash students’ textbook bills from $900 to $184 each year. Using eBooks and textbook rental services like BookRenter.com and Chegg.com can also reduce book costs by $300. Though 93 percent of students surveyed said they would rent “at least some of their textbooks,” Cerritos College student Donald Pass prefers the flexibility of open textbooks because he could read the material for free online, purchase a print copy with study aids or print it himself. (Daytona State's administration agrees and will begin offering eBook access to students this coming January.) Professors like Lon Mitchell of Virginia Commonwealth University, however, say this option is troublesome because students often bring only limited sections of text to class, making it difficult for instructors to review supplemental material in different chapters. Mitchell also said that a number of his students have resisted the online versions of the open textbooks because compared to the print versions, they felt the online text was lacking.

I hear what Mitchell is saying loud and clear but if a student can reduce their spending by up to 80 percent by using open books and textbook rentals, I have a feeling print editions are going to be seen less and less as the years go by. Students, are you utilizing eBooks and textbook rentals or are you still relying solely on hard copies you don't have to share or return? If you’re using both, is there a noticeable difference in the material quality like Mitchell said? What's your preference between these options?


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Credit-Card Companies Paid Colleges Almost $84-Million

Payment Based on Cards Issued to Students and Alumni

October 27, 2010

Credit-Card Companies Paid Colleges Almost $84-Million

by Suada Kolovic

As a college student, I must admit I was duped into opening a credit card my freshman year. I was lured in by the fact that all my friends were rockin’ their free TCF sweaters and, of course, the concept they pushed of “buy now, pay later.” But credit-card companies marketing themselves heavily on college campuses isn’t new: It’s the perfect place to find new customers who are low on cash and looking for a sweet deal. But have you ever wondered why some colleges allow TCF on campus as opposed to Bank of America- they pay to be there. That may not be the shock of the century but with payments hovering at almost $84 million, you have to question the ethics of it. According to a report released by the Federal Reserve Board, credit-card companies paid $83.5 million to colleges, their foundations and alumni organizations last year under agreements that allow them to market credit cards to students and alumni. Under the agreements, schools and affiliated groups were generally paid for each account opened.

Why were credit-card companies willing to disclose such details? Under the Credit Card Accountability Responsibility and Disclosure Act of 2009, credit-card issuers are required to submit their agreements with colleges and related organizations to the Board of Governors of the Federal Reserve; they must also disclose the total number of opened accounts. Of the agreements reported, about 40 percent were with colleges and 33 percent were with alumni associations. The agreements resulted in the opening of 53,000 accounts in 2009.

The college with the most accounts was Penn State Alumni Association at 1,600 and they were paid $2.8 million by the card issuer FIA Card Services, a subsidiary of Bank of America. The University of Illinois Alumni Association received the most money at about $3.3 million. If you’re interested about your school’s agreement with credit card issuers, check out the Federal Reserve database.

The agreements, certainly ones that involve marketing credit cards to students, can be considered predatory in nature. An examination of this year’s contracts found that they required colleges to provide personal information about their students and, in some cases, even paid the institutions extra when students carried a balance on their cards. And with what sounds like colleges profiting from student debt, it would seem that “free sweater” doesn’t seem like such a sweet deal after all.


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

Students Willing to Spend More for Academics, Prestige

November 4, 2010

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

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?


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Grace Period for Student Loans Coming to an End

Simple Tips to Managing Your Loans

November 11, 2010

Grace Period for Student Loans Coming to an End

by Suada Kolovic

With the typical six-month grace period on student loans right around the corner, recent college graduates across the country will start making monthly payments whether they’re ready to or not . If you’re one of those students, or just starting your college career, here are a few suggestions from the Project on Student Debt, an initiative of the Institute for College Access & Success, a nonprofit independent research and policy organization, on how to manage your loans.

  • Know where you stand.

    A great way to get the exact amount you owe is to visit your lender – in some cases, lenders – or you can find details of your student loans, including balances, by visiting the National Student Loan Data System, the U.S. Department of Education’s central database for student aid. If you have non-federal loans, there is a possibility they won’t be listed so contact your institution for that information.
  • When’s the first payment?

    The grace period for student loans is the time after graduation before having to make your first payment. But the length of grace periods can vary; for Federal Stafford loans it’s six months, nine months for Federal Perkins Loans and Federal Plus Loans depend of when they were issued. To find out the grace period attached to private loans contact your lender.
  • Keep in touch with your lender.

    It’s important to remember to keep your contact information updated with your lender. Whether you’re moving or changing your phone number, an updated contact sheet could save you from unnecessary fees.
  • Consider what repayment option works best for you.

    One option is the Income-Based Repayment Program (IBR), which is not available on private loans, that sets a reasonable monthly payment based on a borrower’s income and family size. Under IBR, after 25 years of qualifying payments, your remaining debt, including interest, will be forgiven.
  • Prepare for life and the unexpected.

    Sometimes life doesn’t go according to plan. If you can’t make payments due to unemployment, health issues or other unexpected financial challenges, you have options for managing your federal student loans. There are options to temporarily postpone your payments, such as deferments and forbearance. Contact your lender for more information and the interest attached to those options.
  • Never ignore your financial responsibilities.

    Ignoring your student loans – or any loan for that matter – can result in serious consequences that can last a lifetime. When you default, your total loan balance becomes due, your credit score is ruined and the total amount you owe increases dramatically. If you default on a federal loan, the government can garnish your wages and seize your tax refunds.

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Young Alumni Give Undergrad a B-Plus

Nearly 90 Percent Say College Worth the Time, Money

December 15, 2010

Young Alumni Give Undergrad a B-Plus

by Alexis Mattera

They may not agree on politics, health care or Scarlett Johansson and Ryan Reynolds’ divorce but the consensus among recent college graduates is almost unanimous about one thing: Eighty-nine percent say they are happy they earned a college degree.

This statistic, found in a new report by the American Council on Education is surprising considering the economic climate but the 800 young alumni surveyed were more than pleased with their post-secondary educations. Close to 9 out of 10 respondents said undergrad was worth the time and money spent, and 85 percent reported their educations prepared them for their current jobs. The Chronicle of Higher Education and University of Wisconsin president Kevin P. Reilly both agree the findings will help combat the higher education budget slashing proposed by some government officials.

Some of the survey’s findings aren’t as overwhelming – only 62 percent of national respondents believed college generally prepared grads for working life – but the overall alumni satisfaction considerably strengthens the case for greater access to and increased quality of higher education. And as for the students who said they left college unprepared for the real world, an extra internship or semester abroad could have easily provided the experience they craved. College IS what you make of it, after all!


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Fee Increase? No Problem!

Students Willing to Pay Up for Needed Projects

January 13, 2011

Fee Increase? No Problem!

by Alexis Mattera

Scenario: You’ve been accepted by College A and College B - your two top choice schools - and have been awarded generous financial aid packages by both. You decide to attend College B but one year in, a project is announced that would increase the fees you’re paying...on top of the already hefty sums of tuition, books and housing. Are you on board? If so, you’re in good company.

State funding for colleges isn’t what it used to be so when a school needs new dormitories, laboratories and classrooms, students have become more willing to fund these endeavors because they will benefit their educational experience. In Colorado, mandatory student fee increases range from 18.5 percent (University of Colorado at Colorado Springs) to 611 percent (Mesa State) since 2006 but current students are readily handing over the cash…even though the majority will have graduated long before the projects are finished.

"I won't be a student here when the projects are complete, but I do know my degree will only gain in value," said Sammantha O'Brien, a student at Metropolitan State College of Denver. Brad Baca, vice president of finance and administration at Western State College in Gunnison, agrees. "We're in a very competitive environment and having high-quality amenities and facilities is an important factor," he said. And if the upgrades aren’t reward enough, students at these schools are more informed and involved: At Western State, for example, 40 percent of the student population participated in the fee vote – a record turnout.

What do you think, readers? Would you pony up the dough for a dorm you won't live in or an academic building in which you’ll never hear a lecture?


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How to Save When Buying Textbooks

by Suada Kolovic

The start of every new semester calls for a new set of textbooks – very expensive textbooks. Students can’t really think about the cost of college today without factoring in the skyrocketing cost of textbooks. With the individual book prices well over $100 in many cases, textbook costs can easily add up and, depending on your major, you could easily be spending $500 or more on textbooks a semester. For years students have improvised on ways to dodge buying a new copy and it’s important to know that there are options available, so here are some tips put together by the Huffington Post that can save students some cash.

  • Buy Used: Definitely not a new concept, but still a great way to save almost half the cost of a textbook. Most college bookstores have used options on campus but quantities are limited. Other reliable resources that sell used textbooks are Amazon, half.com and abebooks.com.
  • Book Renting: This option is becoming increasingly popular. It allows students to rent a gently-used textbook for a semester for about half the price of a new edition. But if your campus bookstore doesn't rent books, check out chegg.com, bookrenter.com or collegebookrenter.com.
  • Try the Library: Believe it or not there are FREE options out there, like campus and local libraries. And if you’re one of the lucky ones to actually find a copy of what you’re looking for, check it out fast before one of your classmates beats you to the punch.
  • Buy Older Editions: In some cases, professors will permit students to buy a previous edition of a book that is just as good as the more expensive current edition. Therefore, it’s a great idea to ask your professor what their policy is before purchasing your textbooks.
  • Get International Editions: According to the New York Times, international editions of your textbooks are often identical to U.S. editions and cost 50 to 70 percent less than their American counterparts.
  • Go Digital: It seems like the end of traditional textbooks are near and increasingly more students have the option to purchase e-books directly from book publishers from sites like cousesmart.com and cafescribe.com.

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