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Scholarship Displacement Explained

by Suada Kolovic

Here at Scholarships.com, we make a point to advocate the importance of funding your college education the right way – for free! – and while financing your higher education solely from scholarships is an amazing feat, there is a factor to consider: scholarship displacement.

If you don’t know what scholarship displacement is, you’re not alone. Believe it or not, winning a scholarship may not be the end-all be-all when it comes to paying for school because they can complicate the financial aid package offered by your intended university. Why? When a student wins a scholarship, the college may reduce the student’s need-based financial aid package to compensate. For example, say a university offers a student a $15,000 grant and an additional $15,000 loan to cover the cost of attending. If the student were then to win a scholarship for $15,000, the college could retract its $15,000 grant. Colleges call this an over-award and the scholarship providers call it displacement.

Although this may seem discouraging, it shouldn’t dissuade you from applying to scholarships altogether. Instead, do your homework, speak with your admissions counselor and know where your intended college stands when it comes to their scholarship policies. If you’re brining a lot of scholarship dollars to the table, you have options. Every college is different and has their own guidelines when it comes to outside scholarships. If one university doesn’t allow you to put those scholarship dollars to other costs – loans, books, room and board, etc. – enroll at one that does. You could also enlist the help of the scholarship sponsor: Some scholarship providers may have a lot of clout with the college, especially if their scholars make up millions of dollars of funding to the college.

If you have any additional questions about scholarship displacement, don’t hesitate to ask us!


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Get Off the Couch with These Alternative Winter Break Plans

by Angela Andaloro

We powered past midterms, made it through Thanksgiving and are in the home stretch toward finals. That’s right, it’s the end of the semester and before you know it, winter break will be upon us. Many people go home to spend time with their family and friends, eager to veg and enjoy doing nothing.

Not everyone looks to do this with their break, however: If you’re feeling doing something radically different, here are just two awesome ideas...far, far away from your couch and/or reality television.

It’s usually during the coldest months of the year that we’re looking for a little bit of escape. While these options might not be how you were thinking of getting away, they can actually be better than what you had imagined. Spending the holiday season on a path to a better you could be the best gift you give yourself (not to mention those in need) 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.


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This Scholarship of the Week from Dr Pepper is Refreshing Indeed!

Hurry - Dr Pepper Million Dollar Tuition Giveaway Deadline is 12/31

December 12, 2011

This Scholarship of the Week from Dr Pepper is Refreshing Indeed!

by Alexis Mattera

If you need to find money for college and know how to create and upload a video file, have we got a scholarship opportunity for you.

The Dr Pepper Million Dollar Tuition Giveaway gives students age 18 and older the chance to earn up to $100,000 to fund their college educations. Thirsty for more details? We bet you are! To enter, all you have to do is submit an original video explaining why you deserve tuition through the Dr Pepper website by December 31st. Hey, it’s easier – not to mention less dangerous – than describing what Dr Pepper tastes like!

Full guidelines for submission and answers to FAQs can be found on Dr Pepper’s website. To learn more about this award as well as additional scholarship opportunities, conduct a free scholarship search today!


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When and How to Start Preparing for Grad School

by Kayla Herrera

I have been looking at graduate schools for a while now to better prepare myself for a career in my profession of choice. If you are interested in graduate school as well, you probably had the same question I once did: When and how do I start preparing?

We recently had a graduate school seminar here at Michigan Tech that talked about when to start applying, what to expect, taking the GRE, etc. Here are the points I found most important for one’s journey to graduate school:

If you want more information on graduate school, my school has the seminar online for viewing and other resources used in the seminar can be found here. Do your research , stay organized and your acceptance letter will follow!

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.


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Berkeley Announces Aid Increase for Middle-Class Students

by Alexis Mattera

Not-so-breaking news: College is expensive and the costs associated with it show no sign of stopping their steady climb. What’s a college hopeful to do? Consider a school that’s finding ways to bridge the financial gap, like UC Berkeley.

Beginning next fall, Berkeley will amp up its financial aid contributions for middle-class students. School officials reported that while the number of low-income and wealthy students has increased over the last several years, the number from middle-class families has remained flat. Berkeley hopes to regain the interest of middle-class applicants by becoming the first public university to promise families earning between $80,000 and $140,000 a year will contribute no more than 15 percent of their annual incomes toward tuition.

This news – released just one day after Gov. Jerry Brown announced a $2.2 billion budget shortfall and another severe round of cuts to state colleges and universities – has already been dubbed a game changer by Terry W. Hartle: The senior vice president of the American Council on Education also believes other colleges will channel their competitive spirits and do whatever they can to offer similar programs. Learn more about Berkeley’s plan here then tell us what you think.


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Conquering the Grocery Store

December 16, 2011

Conquering the Grocery Store

by Katie Askew

Graduating from freshman dorm life to sophomore apartment living has had its pros and cons. Although I gained more freedom, I lost luxuries like free laundry, a professionally-cleaned bathroom and meals made by a chef. My housing choice meant more financial responsibility – something I realized when I stepped into the grocery store for the first time as an apartment dweller. To keep my spending (and yours!) in check, I created a short list of tips for a college student’s first few trips to the grocery store.

Don’t shop hungry. I’m sure you’ve heard this before but it’s true: When I’m full, I focus only on the foods that are only on my list and I save a ton of money by avoiding impulse buys like giant jars of Nutella.

Plan a weekly menu and take a list. Decide what you’re going to eat on a weekly basis and create a grocery list that reflects this. Keep staples like bread, eggs, cereal and milk in mind but if you want to maintain a budget, it’s important to not stray from your list. If you need recipes for quick dinners, check out sites like Kraft or All Recipes: Just type in what ingredients you have and a meal will be generated for you!

Set a time limit. Saying you only have X minutes to shop will keep you focused on what you need, not what you want. This will also save time for homework or something fun later.

Find coupons. Purchasing a real Sunday newspaper is an excellent investment: Not only can you catch up on the news but you also gain access to lots of great coupons from local grocery stores. Dedicated coupon sites like CoolSavings or SmartSource are also helpful because they find deals based on your zip code.

I’m not saying you can’t splurge every now and then – after a rough week, ice cream is a necessity! – but by living like a student now, you won’t have to later in life!

Katie Askew is a sophomore at the University of Minnesota pursuing degrees in journalism and English. At school, Katie can be found reading, drumming or working in the Office of Admissions. Outside of school, she enjoys traveling, teaching and performing music and spending time outdoors with friends and family. Katie loves all things zebra and has a necessary addiction to coffee. Her iPod is perpetually playing Death Cab for Cutie or classical music because she truly believes that when words fail, music speaks.


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Pell Maximum Maintained, Eligibility Tightened

by Alexis Mattera

The Federal Pell Grant program as we know it has been in jeopardy in recent years but an agreement reached last night will keep its funding intact. While college students will still receive the maximum award amount per year, the number of eligible recipients is a quite different (and unfortunate) story.

The Chronicle reported congressional leaders agreed on a spending bill for the remainder of the current fiscal year that would increase funds for the National Institutes of Health by 1 percent, thereby maintaining the maximum Pell Grant amount of $5,550. To make this $300 million increase possible, however, eligibility for the award has been restricted. Under the bill, Pell Grant funding will only be available to each student for six years instead of nine, high school diplomas or GEDs will be required (no more ability-to-benefit tests) and the income cap for receiving an "automatic zero" expected family contribution will be lowered from $30,000 to $23,000. The interest subsidy on undergraduate student loans during the six-month grace period after a student graduates would also temporarily end.

Yes, the changes are significant but they are far less severe than an earlier bill which would have lowered the income cap to $15,000 and reduced the amount of income working students could exclude when applying for financial aid – changes that would have negatively impacted thousands of college students, especially those attending community colleges. We want to know what you think about the news. Is there a way to maintain federal funding without decreasing eligibility or do you think this bill is the best option?


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Out with the Old, In with the New

Leaving Campus Activities to Go Abroad is Hard but Worth It

December 20, 2011

Out with the Old, In with the New

by Darci Miller

Earlier in the semester, I ran into an acquaintance in the study abroad office. We were both waiting to meet with the same adviser, so we went in to ask our questions together to save time. During the course of our chat, she mentioned her hesitancy to go abroad. Her reasoning? Not wanting to leave her activities at Miami. Specifically, she’d have to withdraw from a prestigious e-board position with her sorority.

I totally got where she was coming from. I had to leave my position as opinion editor of the newspaper, finding a replacement wasn’t easy and I don’t even know if I’ll be able to get back onto the editorial staff when I return. I also have to take a semester away from my campus job and opt out of a journalism field experience program I’m in. It was a difficult decision but now I can let you in on a little secret: The world won’t stop, clubs and organizations will stagger on without you and you will still be you even without a laundry list of responsibilities to your name. These accomplishments are already on your resume so stepping away won’t be a massive blow – in actuality, employers like seeing international experience so going abroad will make you a more appealing candidate!

As someone eagerly awaiting her departure date (January 4th!), I can’t say from experience that studying abroad will be worth it but I have no doubt that it will be. (Hey, when else will I have the chance to live, play and work in a foreign country with the knowledge that my parents won’t let me go hungry?) While you may not be able to get back onto that e-board, everything will still be there when you get back. If you’re studying abroad with a program sponsored by your school, on-campus jobs and organizations can’t hold one semester away against you. If you’re enrolled with the school abroad, you’re allowed to come right back like you’d never even left. So email your bosses, apologize to your sorority sisters and hire those replacements – the world awaits!

Darci Miller is a New Yorker studying journalism and sport administration at the University of Miami. When she’s not writing for the school newspaper, you can find her at the gym, either working or working out. She loves all ‘80s pop culture (the cheesier the better!), and glues herself to her TV when the Olympics are on. She dreams big, and believes the sky’s the limit!


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All I Want for College is...

Gifts to Help You Through the Rest of the School Year

December 21, 2011

All I Want for College is...

by Angela Andaloro

Winter break is top of mind for many college students right now and although it’s tough to imagine as we pack up our dorm rooms for a month away from campus, we’ll be back in class before we know it. We’re all aware of the expenses that go into being a college student – both in terms of academics and how we spend our time outside of school – and the holiday season is a perfect way to get some assistance on that front. Here are some items you can consider putting on your holiday wish list to make sure the second half of this school year goes smoothly!

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.


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Goodbye, Textbooks - Hello, Money!

The Best Places to Sell Back Your Books

December 23, 2011

Goodbye, Textbooks - Hello, Money!

by Radha Jhatakia

It’s the end of the semester again and I’m sure as many of you are packing to go home, you’re wondering what you’re going to do with all those textbooks. Although there are some books you may want to keep, you’re going to want to sell most of them back and there are several ways to go about recouping some of the money you invested.

Many campus bookstores will buy back the book for 40 to 50 percent of the price you paid for it – used or new. If the edition is being updated, however, you might want to consider selling it elsewhere because your return will be much lower.

Online book retailers like Amazon and Barnes & Noble will buy textbooks back from you directly. Just recently, Amazon was offering $35 for a book I paid $45 for so I’d say it’s a very good deal. (They give you a free shipping label, too.) Amazon also lets you sell your books through their site to other students. The downside here is you will have to ship the book yourself, which will usually run more than the $3.99 fee Amazon charges, and Amazon takes 10 to 20 percent profit of what you make, including applicable tax and shipping fees.

You can list books on Craigslist or even around your campus. Put up a posting online or in your dorm and have students contact you if they need those textbooks.

There are ways to get money back for your textbooks but make sure to do it as soon as you can after the semester ends. You’ll get a better return this way – funds you can put toward next semester’s books!

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.


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