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Today is May 29, also known as 529 College Savings Day, named after 529 plans, which are popular state-sponsored college savings plans.  Today has been designated as a day to raise awareness of the importance of saving for college, as well as ways to do so. While 529 plans suffered along with everything else in the stock market, they are still being emphasized as a valuable tool for saving money for college.

529 College Savings Day

May 29, 2009
by Scholarships.com Staff
Today is May 29, also known as "529 College Savings Day," named after 529 plans, which are popular state-sponsored college savings plans.  Today has been designated as a day to raise awareness of the
Student loans and credit cards make up the two most dangerous, and often difficult to avoid, debt traps for college students.  While some amount of borrowing for college can make life easier for students, too much debt can make life nearly impossible for graduates.  The same goes for credit cards.  Having a card is great for emergencies and your credit rating, but running up a large balance while in college can really hurt, especially for students who were approved during days of easy credit and are now seeing rates soar and credit limits plummet.

Congress Working on Credit Card Legislation

April 30, 2009
by Scholarships.com Staff
Student loans and credit cards make up the two most dangerous, and often difficult to avoid, debt traps for college students.  While some amount of borrowing for college can make life easier for
While an increasing number of college students received financial aid in the 2007-2008 academic year, that calendar year students also ran up more credit card debt.  The average college student owed $3,173 on credit cards in March 2008, compared to $2,169 in 2004.  This information comes from the student lender Sallie Mae, which has been tracking students' credit card debt since 1998.

College Students' Credit Card Debt Increasing

April 16, 2009
by Scholarships.com Staff
While an increasing number of college students received financial aid in the 2007-2008 academic year, that calendar year students also ran up more credit card debt.  The average college student owed
Nervous about shelling out big bucks for a college degree in this economy? Here's a compelling reason to go to college: data collected by the Bureau of Labor Statistics for 2008 indicates that higher education attainment still translates to a lower rate of unemployment and a higher salary.  A handy graphic here breaks it down.

Even in a Recession, College Pays

April 8, 2009
by Scholarships.com Staff
Nervous about shelling out big bucks for a college degree in this economy? Here's a compelling reason to go to college: data collected by the Bureau of Labor Statistics for 2008 indicates that higher
On the heels of last week's announcement that Sallie Mae would not participate in the upcoming PLUS loan auction, the student lending giant once again comes bearing news that may ruffle some feathers and potentially hurt its customers' ability to pay for school.

Sallie Mae Sets New Terms for Private Loans

March 20, 2009
by Scholarships.com Staff
On the heels of last week's announcement that Sallie Mae would not participate in the upcoming PLUS loan auction, the student lending giant once again comes bearing news that may ruffle some feathers
New college grads may face an especially tough time due to the recession.  The growth in anticipated new hires, which is measured twice a year by The National Association of Colleges and Employers, has been slowing since it reached a high in spring 2007, falling almost flat in the fall.  The numbers for spring 2009 show that for the first time in years, businesses actually anticipate hiring fewer college graduates this year than last--22 percent fewer, in fact.  According to The Boston Globe, the business and finance sectors have an even bleaker outlook, as does the northeastern region of the United States.

Alternatives to Employment for College Grads

March 18, 2009
by Scholarships.com Staff
New college grads may face an especially tough time due to the recession.  The growth in anticipated new hires, which is measured twice a year by The National Association of Colleges and Employers,
Continuing our theme from yesterday, today's blog post centers on more options for saving for college.  Yesterday, we discussed 529 plans, popular college savings vehicles that have been battered by recent financial troubles.  If you're considering saving for college but are not sold on a 529 plan, the most common alternatives are discussed below.

Saving for College, Part II

March 6, 2009
by Scholarships.com Staff
Continuing our theme from yesterday, today's blog post centers on more options for saving for college.  Yesterday, we discussed 529 plans, popular college savings vehicles that have been battered by
Paying for college can be a struggle.  Nobody wants to repay student loans forever, not everybody is going to land a full-tuition scholarship, and federal student financial aid seldom takes care of all college costs.  If you're a parent or relative looking ahead to cover college costs for a child, finding scholarships is a great step now, but you may also want to consider college savings plans.

Saving for College, Part I: 529 Plans

March 5, 2009
by Scholarships.com Staff
Paying for college can be a struggle.  Nobody wants to repay student loans forever, not everybody is going to land a full-tuition scholarship, and federal student financial aid seldom takes care of
The recession seems to be bringing an almost constant stream of stories about people in all sorts of circumstances who are facing new and varied financial troubles.  These stories could easily be read as a guide for things not to do in a recession.  The latest addition?  Default on your student loans.

Credit Crisis Leaves Student Loans Stuck in Default

February 10, 2009
by Scholarships.com Staff
The recession seems to be bringing an almost constant stream of stories about people in all sorts of circumstances who are facing new and varied financial troubles.  These stories could easily be
As we mentioned last month, financial aid application deadlines are fast approaching for the coming fall.  While students technically have until June 30, 2010 to complete a FAFSA on the Web for the 2009-2010 school year, state aid deadlines happen much sooner with some occurring as early as February--this February.  So if you're waiting to do your taxes first or just generally procrastinating on your application, check the deadlines below to make sure you don't miss out on state or campus-based aid programs.   Alabama:
     Check with your financial aid administrator  Alaska:   April 15, 2009   American Samoa:  Check with your financial aid administrator (additional forms may be required)  Arizona:   March 1, 2009  
Arkansas:  
 For Academic Challenge - June 1, 2009  For Workforce Grant - check with your financial aid administrator  
For Higher Education Opportunity Grant - June 1, 2009 (fall term); November 1, 2009 (spring term)   
 California:    For initial awards - March 2, 2009  
For additional community college awards - September 2, 2009 - date postmarked (additional forms may be required)   
 Colorado:  Check with your financial aid administrator  Connecticut: Priority deadline February 15, 2009 (additional forms may be required)  Delaware:  April 15, 2009  District of Columbia:  June 30, 2009 (additional forms may be required)   Federated States of Micronesia:  Check with your financial aid administrator (additional forms may be required)  Florida:  May 15, 2009 - date processed  Georgia:  Check with your financial aid administrator   Guam:  Check with your financial aid administrator (additional forms may be required)  Hawaii:  Check with you financial aid administrator (additional forms may be required)  Idaho:   Opportunity Grant - Priority deadline March 1, 2009 (additional forms may be required)   Illinois:   First-time applicants - September 30, 2009  Continuing applicants - Priority deadline August 15, 2009    Indiana:  March 10, 2009  Iowa:  July 1, 2009   Kansas: Priority deadline  April 1, 2009 (additional forms may be required)  Kentucky: Priority deadline  March 15, 2009   Louisiana:  July 1, 2009  Maine:  May 1, 2009   Marshall Islands:  Check with your financial aid administrator (additional forms may be required)  Maryland:  March 1, 2009   Massachusetts: Priority deadline  May 1, 2009  Michigan:  March 1, 2009  Minnesota:  30 days after term starts   Mississippi:   MTAG and MESG Grants - September 15, 2009  HELP Scholarship - March 31, 2009    Missouri:  April 1, 2009   Montana: Priority deadline  March 1, 2009   Nebraska:  Check with your financial aid administrator (additional forms may be required)   Nevada:  Check with your financial aid administrator (additional forms may be required)   New Hampshire:  May 1, 2009   New Jersey:    June 1, 2009 if you received a Tuition Aid Grant in 2008-2009  All other applications - October 1, 2009, for fall and spring terms;  March 1, 2010, for spring term only    New Mexico:  Check with your financial aid administrator (additional forms may be required)   New York:  May 1, 2010 (additional forms may be required)  North Carolina:  Check with your financial aid administrator  North Dakota:  March 15, 2009   Northern Mariana Islands:  Check with your financial aid administrator (additional forms may be required)   Ohio:  October 1, 2009   Oklahoma: Priority deadline  April 15, 2009 for best consideration   Oregon:  Check with your financial aid administrator   Palau:  Check with your financial aid administrator (additional forms may be required)   Pennsylvania:   All 2008-2009 State Grant recipients and all non-2008-2009 State Grant recipients in degree programs - May 1, 2009  All other applicants - August 1, 2009 (additional forms may be required)    Puerto Rico:  Check with your financial aid administrator   Rhode Island: Priority deadline  March 1, 2009   South Carolina:  Tuition Grants - June 30, 2009  South Dakota:  Check with your financial aid administrator (additional forms may be required)  Tennessee:   For State Grant - Priority deadline March 1, 2009  For State Lottery - September 1, 2009    Texas:  Check with your financial aid administrator (additional forms may be required)   U.S. Virgin Islands:  Check with your financial aid administrator (additional forms may be required)   Utah:  Check with your financial aid administrator  Vermont:  Check with your financial aid administrator (additional forms may be required)   Virginia:  Check with your financial aid administrator (additional forms may be required)   Washington:  Check with your financial aid administrator   West Virginia: Priority deadline  March 1, 2009 (additional forms may be required)   Wisconsin:  Check with your financial aid administrator   Wyoming:  Check with your financial aid administrator (additional forms may be required)  Additional information about federal and state financial aid application deadlines can be found on the official FAFSA website.  Deadlines for individual campuses may occur earlier than the deadline for your state.  Check with your college's financial aid office to find out deadlines for campus financial aid.

2009-2010 FAFSA Application Deadlines

February 3, 2009
by Scholarships.com Staff
As we mentioned last month, financial aid application deadlines are fast approaching for the coming fall.  While students technically have until June 30, 2010 to complete a FAFSA on the Web for the
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