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Obama Extends an "Opportunity" to College Students

The American Opportunity Tax Credit, That Is

October 13, 2010

Obama Extends an "Opportunity" to College Students

by Suada Kolovic

The financial aid process can be a daunting one but if you’re planning on attending college any time soon, you should know that there are tons of federal student aid options out there – from Pell Grants to Perkins Loans to FAFSA – but your eligibility to receive aid depends on your level of need and, subsequently, how much aid you are eligible to receive. So, to the folks right in the middle: How does a tax credit sound? The American Opportunity Tax Credit, created in the 2009 economic stimulus bill, expires in 2010, but President Obama has proposed making it permanent, with a price tag of $58 billion over 10 years.

Now what does this mean to you? Because the Opportunity Tax Credit is more generous than its predecessor, the Hope Tax Credit, it provides a credit of up to $2,500 rather than $1,800 and it phases out at a higher income level – $160,000 for married couples filing jointly instead of $100,000. According to a report by the Department of Treasury, it’s also partially refundable so students and families with little or no tax liability can receive up to $1,000 of it as a tax refund. The report comes as lawmakers are debating a bill to extend several expiring tax credits. Recent versions would not extend the American Opportunity Tax Credit, but President Obama hopes lawmakers will reconsider.

"The president obviously feels strongly that this is an important relief for middle-class families," said Gene Sperling, counselor to the Treasury Secretary.


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CBS Announces Top 25 Colleges with the Best Professors

Money Watch Ranks the Collegiate Cream of the Crop

December 8, 2010

CBS Announces Top 25 Colleges with the Best Professors

by Suada Kolovic

There are myriad reasons to attend a particular university – from prestige and academics to athletics and diversity. But if you’re in search for the universities with the top rated professors, CBS Money Watch has created the ultimate list for you. To compile the list, CBS relied on data from the Center for College Affordability and Productivity, which referenced information from RateMyProfessor.com. If you’re unfamiliar with the website – which I doubt you are – it allows students to anonymously rate their university professors as well as view the ratings college teachers have received. And with over one million professors and 10 million opinions, it’s the most comprehensive online source of student feedback on instructors.

After perusing the list, it’s clear there’s a common denominator: For the most part, a majority of the schools are liberal arts colleges with student bodies under 4,000 students. That’s not surprising considering smaller student bodies translate into smaller classes, greater hands-on learning opportunities and, most importantly, more individual attention. For additional information on any of these school – or thousands of others – check out our college search.

  1. Oklahoma Wesleyan University
  2. United States Military Academy (NY)
  3. Clarke College (IA)
  4. Wellesley College (MA)
  5. North Greenville University (SC)
  6. Master’s College and Seminary (CA)
  7. Wabash College (IN)
  8. Carleton College (MN)
  9. Sewanee-The University of the South (TN)
  10. Marlboro College (VT)
  11. Corban College (OR)
  12. Randolph College (VA)
  13. United States Air Force Academy (CO)
  14. Wesleyan College (GA)
  15. Pacific University (OR)
  16. Whitworth University (WA)
  17. Doane College (NE)
  18. College of the Ozarks (MO)
  19. Bryn Mawr College (PA)
  20. Sarah Lawrence College (NY)
  21. Emory & Henry College (VA)
  22. Wisconsin Lutheran College
  23. Hollins University (VA)
  24. Trinity International University (IL)
  25. Cornell College (IA)

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Top 10 Universities with the Highest Graduation Rates

by Suada Kolovic

Drum roll please: According to a report released by the Chronicle of Higher Education, Harvard University nabbed the top spot with the highest undergrad completion rate of all research universities...shocking, I know.

The report, “Graduation Rates Over Time: Private Research Institutions,” compared graduation rates at public and private research universities from 2002 to 2008 analyzing changes in graduation rates of more than 1,000 four-year public and private nonprofit colleges and universities. The rates were calculated as the percentage of all first-time, full-time students entering in the fall seeking bachelor’s degrees who completed their bachelor’s degrees within six years. The Chronicle found that 33 percent of universities showed a lower graduation rate in 2008 than in 2002 and suggested that the decrease may be due to the fact that students are taking longer than six years to earn a degree.

Check out the top 10 universities below with the highest graduation rates in 2008 and for a complete list, visit the Chronicle’s website. For more information on any of these schools – or thousands of others –check out our college search.

  1. Harvard
  2. Yale
  3. University of Notre Dame
  4. Princeton University
  5. University of Pennsylvania
  6. Duke University
  7. Dartmouth College
  8. Washington University in St. Louis
  9. Massachusetts Institute of Technology
  10. Northwestern University

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Yale Alum Donates $50 Million to School of Management

by Suada Kolovic

Giving back to your alma mater is a tradition deeply rooted in the inner workings of any university. Once your status has shifted from “student” to “alumni,” you can bet there is an expectation for you to give back. And while some go out of their way to avoid the financial strains of contributing, a Yale graduate recently pledged $50 million to the School of Management…and that ain’t chump change.

A member of Yale University’s Class of 1964 has given a $50 million gift to the Ivy League school towards construction of a new building at the School of Management. Edward P. Evans, the former chairman and CEO of the Macmillan publishing house, will fund a portion of the estimated $189 million construction costs. In honor of the gift – the largest in the School of Management’s history – the building will be named Edward P. Evans Hall.

According to the Associated Press, Yale President Richard Levin says the large losses in the university’s endowment during the recession have prompted the school to secure funding before new projects begin. School of Management Dean Sharon Oster said the university has raised all but some $25 million toward the campus plan and the campaign will continue for another six months. Officials say the new building is expected to open in 2013 and allow the graduate school to add 200 more students.


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What Are They Reading?

Best-Selling Books on Campus

December 23, 2010

What Are They Reading?

by Suada Kolovic

>Curious as to what college students are reading this winter? Well, wonder no more! The Chronicle has compiled a list of the best-selling books from information supplied by stores serving the following campuses: American U., Beloit College, Case Western Reserve U., College of William & Mary, Drew U., Florida State U., George Washington U., Georgetown U., Georgia State U., Harvard U., James Madison U., Johns Hopkins U., Kent State U., Pennsylvania State U. at University Park, San Francisco State U., Stanford U., State U. of New York at Buffalo, Tulane U., U. of California at Berkeley, U. of Chicago, U. of Florida, U. of Illinois at Urbana-Champaign, U. of Miami, U. of Nebraska at Lincoln, U. of New Hampshire, U. of North Dakota, U. of North Texas, U. of Northern Colorado, U. of Oklahoma at Norman, Vanderbilt U., Washington State U., Washington U. in St. Louis, Wayne State U., Williams College, Winthrop College, Xavier U. (Ohio). For more information on any of these schools, check out our college search.

  • Decision Points

    by George W. Bush
  • The Daily Show with Jon Stewart Presents Earth (the Book): A Visitor's Guide to the Human Race

    by Jon Stewart
  • Towers of Midnight

    by Robert Jordan
  • Squirrel Seeks Chipmunk

    by David Sedaris
  • The Girl With the Dragon Tattoo

    by Stieg Larsson
  • Diary of a Wimpy Kid: The Ugly Truth

    by Jeff Kinney
  • Sh*t My Dad Says

    by Justin Halpern
  • The Girl Who Played With Fire

    by Stieg Larsson
  • Chelsea Chelsea Bang Bang

    by Chelsea Handler
  • Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

    by Steven D. Levitt and Stephen J. Dubner

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You’re Out, I Think…

Wrong Cal State Students Receive Letters of Academic Probation

January 7, 2011

You’re Out, I Think…

by Suada Kolovic

Talk about a lump of coal in your stocking!

About 500 California State University students were just beginning to settle into their winter breaks when, during the week of December 27th, they received letters stating they had been academically disqualified from returning to school for the winter quarter. University officials tell the Los Angeles Times that while all of the recipients were on academic probation, only 164 students should have received disqualification letters.

The letters explained that the recipients’ Fall 2010 and overall GPAs fell below university standards for continued enrollment. Students were also told they could submit a petition to be reinstated after meeting with their academic adviser. The blunder was blamed on a mailing code error – something that seems to be happening all too often lately.

Colleges sure know how to stress a student out but if you’re stressed about finding financial aid, you don’t have to be: Check out our free scholarship search and get matched with scholarships just for you today!


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How Much Is The Application Fee?!

Top 25 Highest Application Fees

January 21, 2011

by Suada Kolovic

Sure, we’ve discussed the skyrocketing cost of college tuition on a daily basis and considering every other add-on you’ll have to endure when it comes to paying for collegeroom and board, books and supplies – having to pay an outrageous application fee is downright cruel.

According to a U.S. News report, the average application fee to apply to colleges is $38.44 and $46.78 at universities, which is a steal compared to the fees charged by the institutions listed below. Of the 1,474 undergraduate programs that supplied application fee data, only 39 claimed to have no fee. And for those schools that did have fees, many waived them for students with financial need or for those who applied online, U.S. News also reported. Check out the list below and share your thoughts. Let us know if these hefty fees will ultimately decide where you’ll apply.

National University Application Fee
Stanford University $90
Columbia University $80
Boston University $75
Brown University $75
Duke University $75
Drexel University $75
George Mason University $75
Harvard University $75
Massachusetts Institute of Technology $75
University of Delaware $75
University of Pennsylvania $75
Yale University $75
Boston College $70
Carnegie Mellon University $70
Cornell University $70
Dartmouth College $70
Hofstra University $70
Johns Hopkins University $70
Lehigh University $70
North Carolina State University-Raleigh $70
Northeastern University $70
Rensselaer Polytechnic Institute $70
Syracuse University $70
Tufts University $70
University of Connecticut $70



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Top 10 Universities for Campus Housing

by Suada Kolovic

If you’re a high school senior, you’ll be faced with a major decision in the coming months: choosing the right college. And while there are myriad factors to consider when making your decision, campus housing can be a crucial piece of the puzzle. For the most part, students are required to live in campus housing during their freshman year while upperclassmen tend to live off-campus in apartments. The reason: Most larger universities just don’t offer enough on-campus housing to accommodate their entire undergraduate populations. Yet, that’s not always the case because some prominent institutions with large endowments offer housing for all undergraduates.

According to an analysis of student housing data provided by the U.S. News & World Report, students at many of the country’s top ranked schools opt to remain on campus until they graduate. Of the top 10 national universities with the highest percentage of students living on campus, five are Ivy League institutions. Check out the complete list below (schools are ranked by the percentage of their undergraduate student body living on campus).

  1. Princeton University
  2. Harvard University
  3. California Institute of Technology
  4. Columbia University
  5. Massachusetts Institute of Technology
  6. Stanford University
  7. Vanderbilt University
  8. Yale University
  9. Dartmouth College
  10. Stevens Institute of Technology

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Colleges With the Highest Graduation Rates

by Suada Kolovic

Acceptance letters should be rolling in for the majority of high school seniors and the pressure of deciding where to go is definitely on. A lot goes into deciding what school is the right fit for you, but if you’re interested in what schools have the highest graduation rates...then boy do we have the list for you. And sure, these institutions do have quite impressive graduations rates but keep in mind that high graduation rates don’t necessarily translate into a surefire path to success. It’s also important to note that the majority of schools that made the cut are prestigious and students accepted to the likes of Harvard aren’t likely to dropout.

The study, conducted by College Results Online, a website which uses data from the National Center for Education Statistics and Integrated Postsecondary Education Data System, ranked U.S. colleges in terms of 6-year graduation rates. Check out the top colleges and universities with the highest national graduation rates below and click here for the full list as well as profiles of each school.


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Scholarship Scam Spotting 101

February 16, 2011

Scholarship Scam Spotting 101

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!


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