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Federal Mandate: All Schools Must Offer Net Price Calculators by October 29th

by Suada Kolovic

Here at Scholarships.com, we understand that trying to figure out how much a college education will actually cost you and your family is pretty confusing. With everything that goes into your financial aid packagegrants, loans, scholarships, etc. – the real cost of a college education is muddled in there…somewhere. But fear, not college bound students! All that’s about to change thanks to a mandate by the federal government: All colleges and universities receiving Title IV federal student aid must have net price calculators by October 29th.

According to U.S. News and World Report, the U.S. Department of Education instated the mandate in order to “provide a clearer view of the difference between the total cost of tuition and fees – commonly referred to as sticker price – and the net price, an estimate of the cost subtracting scholarships and grants.” Most students generally receive some institutional aid so the better they understand how much an institution is offering as whole, the better prepared they are to compare the financial aid packages offered by different schools.

What do you think of the federally implemented net price calculators? Do you think it will be an essential piece of the funding your college education puzzle?


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Financial Aid Change Has Many UB Students Struggling

by Alexis Mattera

The fall semester is in full swing at universities around the country and college students are trying to stretch their funds for tuition, books, housing and other college costs as far as they can go. It’s never easy but students at the University at Buffalo are having a more difficult time than usual.

In the past, UB sent out financial aid to coincide with the start of the academic year but pushed disbursement for roughly 18,000 students back three weeks this year – a 21-day difference that left many UB students unable to buy books, pay rent or pay for classes. Though UB’s Vice Provost A. Scott Weber said the change was made to “protect students” by making sure they would receive the exact amount of money they are eligible for, the student newspaper previously quoted interim financial aid director Jennifer Pollard as stating the policy change was a response to fraudulent activities by students.

UB officials did admit they should have done a better job getting the word out about the financial aid change but students and educators alike are still not happy: One professor called the situation “chaos in the classroom” and a “stupid disaster” and a graduate student said the ordeal “draws to question some bigger problems with the administration.” (We’re sure these are among the tamer reactions.) Any UB students out there? Has the funding disbursement delay negatively impacted your semester? College students in general, how would you react if this financial aid fiasco happened at your school?


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Slurp Up This Scholarship of the Week!

Coca-Cola Scholars Foundation Deadline is October 31st

October 3, 2011

Slurp Up This Scholarship of the Week!

by Alexis Mattera

An icy glass of Coca-Cola is a pretty tasty treat but for high school seniors, money for college is an even more refreshing reward. Enter the perfect combination of the two: the Coca-Cola Scholars Foundation Four Year Award for Seniors.

The Coca-Cola Scholars Program scholarship is an achievement-based scholarship awarded to 250 high school seniors each year. Fifty of these are four-year $20,000 scholarships ($5,000 per year for four years), while 200 are designated as four-year $10,000 scholarships ($2,500 per year for four years). The scholarships must be used at an accredited U.S. college or university.

In order to be eligible for a Coca-Cola scholarship, a student must be:

  • a CURRENT high school or home-school senior anticipating graduation from a school or program in the United States during the academic year in which application is made
  • a U.S. Citizen, U.S. National, U.S. Permanent Resident, Temporary Resident (legalization program), Refugee, Asylee, Cuban-Haitian Entrant or Humanitarian Parolee
  • planning to pursue a degree at an accredited U.S. post-secondary institution
  • carrying a minimum 3.0 GPA at the end of your junior year of high school

The deadline to apply is October 31st but we always recommend applying as early as possible. For more information about this award, conduct a free scholarship search today. Best of luck!


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Boo! Short & Tweet is Back for October!

Your Scariest College-Related Experience Could Earn You $1,000 or a Kindle

October 5, 2011

Boo! Short & Tweet is Back for October!

by Alexis Mattera

Applying to and attending college can be the best time of your life but it can also be the scariest! Did your guidance counselor forget to include your transcript in your application packet? Were you matched with a freshman roommate who had an aversion to soap? We want to know: Tell us your scariest college-related experience in 140 characters for a chance to win $1,000 or a Kindle for college through our latest Short & Tweet Twitter Scholarship!

Don’t be scared – entering is easy! Simply log on to Twitter (or create an account if you don’t already have one), follow us and mention us (@Scholarshipscom) in your tweet detailing your scariest college-related experience. Here’s a detailed breakdown of how to apply:

Step 1: Follow @Scholarshipscom on Twitter.

Step 2: Mention us (@Scholarshipscom) in a tweet answering the question “What is your scariest college-related moment?” Once you do this, you are entered to win a $1,000 scholarship or one of two Kindles.

Step 3: You may enter as many times as you want but please limit your tweets to five per day. Each tweet will be a stand-alone entry and tweets that are submitted by non-followers, exceed 140 characters, do not include @Scholarshipscom or are submitted after the October 31st deadline will not be considered. From there, the Scholarships.com Team will determine which comments are most deserving of the awards.

  • Starts: October 5th
  • Ends: October 31st
  • Number Available: 3
  • Amount: $1,000 for one first-place winner; one Kindle each for second- and third-place winners

This scholarship competition is offered by Scholarships.com and is in no way sponsored, endorsed or administered by, or associated with Twitter.

For official rules, please click here.


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Students Searching for Scholarships Find Fees Instead

by Suada Kolovic

The cost of a higher education continues to skyrocket and many students have turned to scholarship search websites to secure funding to bridge the financial gap. Most would assume that using a reputable website would protect them from non-reputable scholarships but that’s not always the case: Students in Florida were upset recently after learning that the United Youth Fitness Scholarship – an award listed on Fastweb, the Sun Sentinel’s Teen Link page and Georgetown University’s financial aid page – charged students a fee to have their essay’s published on the scholarship’s website.

According to the Orlando Sentinel, Full Sail University student Emilio Zedan was one of many students that applied for the $1,500 scholarship. Soon after he submitted his application, he received an email saying that although he didn’t win, he did receive an honorable mention and could have his essay posted on the scholarship's website for a $12.95 fee. But why? In email to the Orlando Sentinel, Quinn Cory – the site’s registrant and operator of several other for-profit scholarship sites – explained that the essay publication fees helped pay for the costs of the scholarship and to run the program, adding that his scholarships were 100-percent legal and within all of the bounds of law. (For more on the story, click here.)

Here at Scholarships.com, we understand that scholarship fees are, unfortunately, extremely common. That’s why we only list scholarships after they have been carefully reviewed and verified by our staff so that students will only see legitimate scholarships from organizations that don’t charge fees. By employing this rigorous approval process, we’ve been able to remain one of the most widely-used and trusted free college scholarship search and financial aid resources on the Internet and help students like you earn 100-percent free money for college.


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Emotional Guidance in College

by Radha Jhatakia

There are many factors that influence your stress levels in college and all throughout life. In college, stress comes from your classes, meeting graduation requirements and securing enough financial aid, plus outside stressors like family and work. It can be hard to handle everything at once, especially when new issues arise and challenge us. The key to maintaining a healthy balance is to find a positive outlet to deal with these stressors.

It’s always nice having one friend that you can talk to about everything but sometimes a subject may feel too personal. I just transferred to a new school and the transition was taking its toll on me. All the while, there were problems going on at home and it was very difficult for me to deal with all of it. I had my sisters to talk to and an academic counselor from my old school to confide in but it would have been nice to speak to someone in a professional manner.

College administrators understand the stress we go through as students and how difficult it can be for us to handle everything. Therefore, many colleges have wellness and health centers that you can visit in your time of need. They offer workshops on everything from managing time to health education and there are also professional psychologists and counselors there to speak with you. All you need to do is make an appointment and someone will be there to help you out.

Unfortunately, many students don’t realize someone is always there to listen to them and in some cases, the consequences of not seeking help can be quite serious – even fatal. If you’re finding it hard to deal with any aspect of college life, don’t hesitate to take advantage of these resources. They exist for your benefit.

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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Let Your Voice Be Heard for This Scholarship of the Week!

Voice of Democracy Scholarship Deadline is November 1st

October 17, 2011

Let Your Voice Be Heard for This Scholarship of the Week!

by Alexis Mattera

Students often complain that their voices are not heard by the masses but this next scholarship opportunity proves it’s possible for their words to make a difference...and a $30,000 dent in college tuition payments.

The VFW’s Voice of Democracy Scholarship is an annual nationwide audio essay competition designed to give high school students in grades 9, 10, 11 & 12 the opportunity to voice their opinions on their responsibilities to our country. Students should first draft their essays based on this year’s theme and then record their readings (no shorter than three minutes and no longer than five minutes) to CDs. Entries will be judged on originality, content and delivery, with the winner of the top audio essay receiving a $30,000 scholarship for college.

If this scholarship opportunity appeals to you, speak up today! The deadline is November 1st but you can find more information about this award and others by conducting a free scholarship search today.


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The Impact of Merit Aid

October 19, 2011

The Impact of Merit Aid

by Alexis Mattera

Wherever you are in the financial aid process, you’ve probably heard the term merit aidfinancial aid based on students' academic and other merit rather than financial need – and its increasing popularity over the last decade or so. What you may not know, however, is the impact this trend has had on students seeking need-based aid.

According to a new report by the Education Department's National Center for Education Statistics, state and institutional financial aid for low-income students has dropped significantly as merit aid has increased. From 1995-96 to 2007-8, the proportion of merit aid recipients in the highest quartile of family income rose from 23 percent to 28 percent, while the proportion of merit aid beneficiaries from the lowest economic quartile fell to 20 percent from 23 percent. (See more statistics here.) The report also suggests that many institutions have embraced merit aid because they believe this type of award will entice middle- or high-income applicants to attend their school over others (and pay more money to the school as a whole during the time they are enrolled) instead of offering financial assistance to low-income students who truly need the funds to attend college.

What’s your stance on merit aid? Does it help more than it harms in higher education or vice versa?


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The Fight Against Federal Student Aid Fraud

by Alexis Mattera

Firefighters. Police. Ghostbusters. Your mom. There are certain people you instinctively contact when you need assistance and the same holds true for the federal government. When the Department of Education noticed there was something strange in the neighborhood regarding federal student aid, they knew just who to call.

Less than a month after releasing a report detailing how organized fraud rings were exploiting distance education programs, the ED contacted colleges across the country urging them to develop additional ways of identifying threats to federal funding. Schools were encouraged to combat potential fraud rings by monitoring groups of students using the same IP or email addresses to apply and participate in online programs, paying closer attention to students living outside the schools' normal coverage areas and delaying the disbursement of federal funds or releasing said funds in multiple disbursements. In addition to the steps colleges are taking internally, Secretary of Education Arne Duncan said the department will be working with Congress and schools "to ensure we have all the tools we need to prevent criminal elements from defrauding federal student aid dollars."

Do you think colleges are doing enough to prevent federal student aid fraud?


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Scholarship of the Week Alert: FIRE’s Freedom in Academia Essay Contest

by Alexis Mattera

There are lots of different ways to find money for college these days but none are as tried and true as the essay scholarship. Are you ready to write your way to $5,000, $2,500 or $1,000 for college? Well fire up that computer for the Foundation for Individual Rights in Education’s Freedom in Academia Essay Contest.

The Freedom in Academia Essay Contest invites high school seniors to watch two videos on FIRE’s website and write an 800- to 1,000-word essay using examples from both videos. This year's prompt is "Why is free speech important at our nation's colleges and universities?" FIRE will award one first-place winner a $5,000 scholarship, one second-place winner a $2,500 scholarship, and five runners-up $1,000 scholarships.

The deadline is coming up fast – it’s November 5th – so visit FIRE’s website today for more information. To learn more about this award and others, conduct a free scholarship search on Scholarships.com.


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