Financial Aid

Student loan interest rates to rise


From College News - Federally-subsidized loan rates will increase for next year’s amounts
Interest rates on government-subsidized Stafford student loans doubled on July 1 from 3.4% to 6.8%, and this hike will affect an estimated seven million students who plan to take out government-subsidized student loans this year.
Partisanship on Capitol Hill is causing several problems with this issue, as the seemingly ever-present gridlock prevented a solution before the deadline. House Republican leaders returned to Capitol Hill on Monday after the legislators’ one week break, and immediately blamed Senate Democrats and the White House for the lack of action.
“It’s time for the president to lead and it’s time for him to bring his Senate Democrat leaders together and develop a solution. The House has done its job. It’s time for the Senate and the White House to do its job,” House Speaker John Boehner said at a news conference on the steps of the Capitol surrounded by other House GOP leaders and college-age students.
Senate Democratic Leader Harry Reid brushed off Boehner’s criticism that Senate Democrats have failed to act. “Right now, what they’ve done over there is worse for students than doing nothing at all. The legislation passed in the House would balance the budget on the backs of struggling students. Attempt to balance it at least,” Reid said on the Senate floor.
This summer’s fight is similar to last year’s when rates were about to double, when Republicans opposed the Democrat’s proposals to keep the rates at the 3.4% level, saying any new costs for government-backed loans had to be paid for with budget cuts in other programs.
But just ahead of the deadline, while in the midst of a presidential election, a negotiation was figured to offset costs for subsidizing the loans and the 3.4% rate was extended to July 1, 2013.
And in order to beat accusations that they didn’t have a plan, the Republican-controlled House passed a bill in May—over a month before the deadline—that would rework the method of calculation for student loans.
Then instead of a further extension to keep the rate static the House bill pegged interest rates for government-backed student loans to the 10-year Treasury note plus another 2.5%. It passed along party lines, with the support of only four Democrats.
The House bill was similar to the approach in President Barack Obama’s budget, which also tied interest rates for student loans to the longer-term Treasury note. A bipartisan group of senators introduced a compromise bill at the end of June that was close to the House passed bill, but Senate Democratic leaders have not welcomed it since it doesn’t include a cap for interest rates should economic conditions change and interest rates spike.
Democratic Sen. Tom Harkin, who chairs the Senate panel on education, opposed that framework, and has been pushing a proposal to simply extend the 3.4% subsidized rate for student loans for another year.
Reid has scheduled a procedural vote for Wednesday on a bill restoring the interest rate on subsidized Stafford loans to 3.4%. This would initiate debate on another one-year extension. But Republicans, possibly backed by some Democrats, are expected to block this measure in support of a broader solution.
While partisan factions ratchet up their rhetoric and attempt to slam the blame on each other, the differences between the major proposals on student loan interest rates are not significant. But it’s not apparent whether there will be any real effort to resolve this before the next congressional recess in August.
Congress can retroactively reduce interest rates and few students sign loans before August. At that time when members go home for a month, they’ll likely hear more frustrations from students about the inability of Congress to reach a deal.
By Nathan Oelker
From College News - Federally-subsidized loan rates will increase for next year’s amounts

Interest rates on government-subsidized Stafford student loans doubled on July 1 from 3.4% to 6.8%, and this hike will affect an estimated seven million students who plan to take out government-subsidized student loans this year.

Partisanship on Capitol Hill is causing several problems with this issue, as the seemingly ever-present gridlock prevented a solution before the deadline. House Republican leaders returned to Capitol Hill on Monday after the legislators’ one week break, and immediately blamed Senate Democrats and the White House for the lack of action.

“It’s time for the president to lead and it’s time for him to bring his Senate Democrat leaders together and develop a solution. The House has done its job. It’s time for the Senate and the White House to do its job,” House Speaker John Boehner said at a news conference on the steps of the Capitol surrounded by other House GOP leaders and college-age students.

Senate Democratic Leader Harry Reid brushed off Boehner’s criticism that Senate Democrats have failed to act. “Right now, what they’ve done over there is worse for students than doing nothing at all. The legislation passed in the House would balance the budget on the backs of struggling students. Attempt to balance it at least,” Reid said on the Senate floor.

This summer’s fight is similar to last year’s when rates were about to double, when Republicans opposed the Democrat’s proposals to keep the rates at the 3.4% level, saying any new costs for government-backed loans had to be paid for with budget cuts in other programs.

But just ahead of the deadline, while in the midst of a presidential election, a negotiation was figured to offset costs for subsidizing the loans and the 3.4% rate was extended to July 1, 2013.
And in order to beat accusations that they didn’t have a plan, the Republican-controlled House passed a bill in May—over a month before the deadline—that would rework the method of calculation for student loans.

Then instead of a further extension to keep the rate static the House bill pegged interest rates for government-backed student loans to the 10-year Treasury note plus another 2.5%. It passed along party lines, with the support of only four Democrats.

The House bill was similar to the approach in President Barack Obama’s budget, which also tied interest rates for student loans to the longer-term Treasury note. A bipartisan group of senators introduced a compromise bill at the end of June that was close to the House passed bill, but Senate Democratic leaders have not welcomed it since it doesn’t include a cap for interest rates should economic conditions change and interest rates spike.

Democratic Sen. Tom Harkin, who chairs the Senate panel on education, opposed that framework, and has been pushing a proposal to simply extend the 3.4% subsidized rate for student loans for another year.
Reid has scheduled a procedural vote for Wednesday on a bill restoring the interest rate on subsidized Stafford loans to 3.4%. This would initiate debate on another one-year extension. But Republicans, possibly backed by some Democrats, are expected to block this measure in support of a broader solution.

While partisan factions ratchet up their rhetoric and attempt to slam the blame on each other, the differences between the major proposals on student loan interest rates are not significant. But it’s not apparent whether there will be any real effort to resolve this before the next congressional recess in August.

Congress can retroactively reduce interest rates and few students sign loans before August. At that time when members go home for a month, they’ll likely hear more frustrations from students about the inability of Congress to reach a deal.

By Nathan Oelker
   

Advantages to applying for weird scholarships


It is an undeniable fact, college can be extremely expensive and for people who aren't in the 1% you can expect your wallet to take a major hit. But what if I told you that it didn't have to be that way? What if I said that there is a way that you can pay for college without even opening your wallet at all. Would you be interested?
This article is all about teaching you what I believe to be the best way is to get college money.
The First Step - Financial Aid
Before you even begin to think about applying for a scholarship you should apply for financial aid. How important is this step? Well, I will put it this way, there is a reason I am talking about it rather than talking about scholarships
FAFSA is more need based than anything. So, if you sign up for FAFSA and you or your family is doing well financially don't expect to get a lot of money to pay for your college experience.
Obviously, the flip side of that is if you aren't well off financially. In that case you can expect to receive a lot of free financial aid for college.
Actually, one of my good friends went to college for free on FAFSA's dime because he wasn't well off.
So, if you want an easy way to receive money for college I recommend applying for FAFSA immediately!
The Second Step - Creating Your List
After you have successfully applied for FAFSA it is time to turn your attention to scholarships. Of course, the average person will go out and apply for mainstream scholarships that are, quite honestly, way too competitive.
So, I am going to suggest a different approach. Rather than apply for competitive scholarships I am going to recommend that you create a list of only uncompetitive scholarships. This way you increase your odds dramatically of an organization saying yes to your application.
One last thing before I move on, do not add a scholarship to your "list" that you have no chance of winning. For example, if you are planning on being an art major, don't apply for a culinary school scholarship.
The Third Step - Embrace The Weird
By now you are probably wondering how you are going to find these uncompetitive scholarships. Don't worry, I have you covered!
In my opinion, the best place that you can find an uncompetitive scholarship is not to spend hours looking from scholarship database to scholarship database but to look at lists of weird scholarships.
Look at it this way, the weirder the scholarship is the less competitive it will be. No one wants to apply for a scholarship for being able to predict the future (yes, that is a real scholarship.)
Of course, there are certain cases where unusual scholarships can be competitive but usually that isn't the case.
The Fourth Step - Hard Scholarships
Another way to find uncompetitive scholarships is to be on the lookout for scholarships that have a really hard application process.
Actually, one great example of this type of scholarship is a very strange prom scholarship. Basically, in order to apply for this particular scholarship you need to create a prom dress completely out of duct tape. Now, while that scholarship can be extremely fun it also has a hard application process thus making it a little less competitive.
I do feel it is important to mention that if you want college scholarship money you are going to have to be willing to work hard. So, if you are lazy then chances are you won't get college scholarship money.
Hopefully this article has been helpful in teaching you a way to get easy scholarship money.
This article was written by Chris Seiter who runs a successful scholarship website for women at www.weirdscholarshipsforgirls.com/
It is an undeniable fact, college can be extremely expensive and for people who aren't in the 1% you can expect your wallet to take a major hit. But what if I told you that it didn't have to be that way? What if I said that there is a way that you can pay for college without even opening your wallet at all. Would you be interested?

This article is all about teaching you what I believe to be the best way is to get college money.

The First Step - Financial Aid
Before you even begin to think about applying for a scholarship you should apply for financial aid. How important is this step? Well, I will put it this way, there is a reason I am talking about it rather than talking about scholarships

FAFSA is more need based than anything. So, if you sign up for FAFSA and you or your family is doing well financially don't expect to get a lot of money to pay for your college experience.
Obviously, the flip side of that is if you aren't well off financially. In that case you can expect to receive a lot of free financial aid for college.

Actually, one of my good friends went to college for free on FAFSA's dime because he wasn't well off.

So, if you want an easy way to receive money for college I recommend applying for FAFSA immediately!

The Second Step - Creating Your List
After you have successfully applied for FAFSA it is time to turn your attention to scholarships. Of course, the average person will go out and apply for mainstream scholarships that are, quite honestly, way too competitive.

So, I am going to suggest a different approach. Rather than apply for competitive scholarships I am going to recommend that you create a list of only uncompetitive scholarships. This way you increase your odds dramatically of an organization saying yes to your application.

One last thing before I move on, do not add a scholarship to your "list" that you have no chance of winning. For example, if you are planning on being an art major, don't apply for a culinary school scholarship.

The Third Step - Embrace The Weird
By now you are probably wondering how you are going to find these uncompetitive scholarships. Don't worry, I have you covered!

In my opinion, the best place that you can find an uncompetitive scholarship is not to spend hours looking from scholarship database to scholarship database but to look at lists of weird scholarships.
Look at it this way, the weirder the scholarship is the less competitive it will be. No one wants to apply for a scholarship for being able to predict the future (yes, that is a real scholarship.)

Of course, there are certain cases where unusual scholarships can be competitive but usually that isn't the case.

The Fourth Step - Hard Scholarships
Another way to find uncompetitive scholarships is to be on the lookout for scholarships that have a really hard application process.

Actually, one great example of this type of scholarship is a very strange prom scholarship. Basically, in order to apply for this particular scholarship you need to create a prom dress completely out of duct tape. Now, while that scholarship can be extremely fun it also has a hard application process thus making it a little less competitive.

I do feel it is important to mention that if you want college scholarship money you are going to have to be willing to work hard. So, if you are lazy then chances are you won't get college scholarship money.

Hopefully this article has been helpful in teaching you a way to get easy scholarship money.

This article was written by Chris Seiter who runs a successful scholarship website for women at www.weirdscholarshipsforgirls.com
   

Preparing for your student loan debt

collegemoney

The debt load college students and their families take to pay for college is on the rise making navigating student loans crucial.

Infact, student loans now compromise 8.5 percent of household, making it the second largest consumer debt after mortgages, according to a Wells Fargo report published in The Los Angeles Times. That number was 3.3 percent a decade ago.

A Time article on the student loan debt crisis mentions FICO Labs’s recent findings that student loan delinquencies have risen by 22 percent in the last five years. These delinquencies can have an adverse effect on your credit that can take years to reverse. By preparing as much as possible for your student loan payments, you can make your student loan debt manageable.

Keep Track of Your Loans

Make sure you know all of the important details associated with each of your loans. In addition to knowing the lender, you should monitor the loan balance and repayment status. Loan companies are very good at sending out correspondence to inform you of upcoming payment dates, changes in interest, and any other details pertaining to your loan. That is why it is incredibly important that you make sure that each lender is contacting you via your most preferred method. If you have a smartphone, signing up for email notifications is a great way to stay up to date with all of your loans.

Loans, whether private or federal, have grace periods for payments. A grace period is the amount of time between your departure from school to your first loan payment. For federal Stafford loans, the grace period is six months while the grace period for federal Perkins loans is nine months. The grace period for federal PLUS loans (loans parents take to help pay for their child’s education) depends on the issue date.

As for private loans, the grace period varies, so be sure to familiarize yourself with the details associated with your specific loans. Likewise, for some private loans, switching from fulltime to part-time or taking a leave of absence will signal the beginning of your grace period, so check the details on your loan’s or loans’ grace period policy.

Research Interest Rates

Interest is the money paid to the lender in addition to your principal loan balance. Every month, loans accrue interest, and the amount of interest accrued depends on the interest rate. Loans have varying interest rates, depending on the lender, the specific loan, and the borrower’s credit history. Generally, federal loans tend to have lower interest rates than private student loans. Lower interest rates mean that your loan balance won’t grossly exceed your original principal balance.

By finding out your interest rate, you can see exactly how much of your monthly payment goes toward your outstanding principal balance. This way, if you have extra money, you can send in a larger payment and have it applied to your principal. Be sure to specify that you want to pay off the principle because lenders automatically apply the excess money to future payments.

Save Money

As a borrower, making regular, on-time payments is very important. If you aren’t making payments on your loans while in school, put money aside for your loans. Saving money now for future loan payment guarantees a great start to your loan repayment. If you have a job that pays well, the money you saved plus your wages can help you pay down your loans faster than you imagined. If you aren’t making a lot of money, the money you saved during school will give you time to acclimate to your financial situation and figure out a sustainable budget.

Student loan debt can be incredibly overwhelming. But if you’re informed and follow the aforementioned three tips, it doesn’t have to be the worst thing to happen to you.

Joshua is the digital strategist for MBA@UNC and MPA@UNC, the University of North Carolina's online mba degree and mpa online degree. He loves gadgets, movies, and all things Batman. Follow him on Twitter: @joshuavjohn.

   

7 great ways to help with college tuition costs

StudentLoanDebt

College students all across the country are looking for ways to pay their tuition. There are various ways available to help you with your tuition in this article we will take a closer look at some of them. Make sure to evaluate all options and only choose the best options for you.
Student Loans This has been a great source for funding for college tuition for many years, the upside is you can fairly easily get them and payback over years later down the road.
Part Time Job or Full Time Job. Yes, this is a viable option many college students pick up a job to help pay for their college themselves. There are all types of jobs if you look in the right places local restaurants, library, park districts, local bar, etc.
Freelancing. Not many college students know about this but there are many online sites where you can freelance to make some extra cash. If you have a skill such as research, writing, telemarketing, web design, or just about anything advertise yourself on one of the Freelancing sites such as Odesk or Elance, then place bids on jobs you find on those sites and if you are qualified there is a good chance they will contract you.
Blogging Why not start a Blog and in your spare time create posts that will help entertain or teach people about something you love to do. Once you are Blogging and have some followers you can start offering affiliate programs to them where you make money if they buy from your site or you could even create your own product and sell it.
Grants. There are many types of Grants available to students. Do some research online and ask the workers in the financial aid office about options they may know about. A Grant is nice to get as this doesn't have to ever be paid back like loans do. There are tons of Grants out there, just look around and research it.
Ask Family. Parents generally will help with what they can. Perhaps, you were one of the luckier kids who have parents with money. Perhaps not, parents are still a viable source and may be able to help some. There also may be other people in your family willing ot help send a family member to college, just ask.
Ask your professor if he/she needs an assistant. Many times the professors will need some help with things and are willing to pay for the help.
As you can see there are many ways to help get extra cash for college tuition, can you think of any others?
By Matthew T McCray - Short Video http://www.youtube.com/watch?v=YUd-uRYXFxg Check out our Blog for more money savings ideas or tips http://www.TwoGuysYouShouldKnow.com
College students all across the country are looking for ways to pay their tuition. There are various ways available to help you with your tuition in this article we will take a closer look at some of them. Make sure to evaluate all options and only choose the best options for you.

1) Student Loans - This has been a great source for funding for college tuition for many years, the upside is you can fairly easily get them and payback over years later down the road.

2) Part Time Job or Full Time Job - Yes, this is a viable option many college students pick up a job to help pay for their college themselves. There are all types of jobs if you look in the right places local restaurants, library, park districts, local bar, etc.

3) Freelancing - Not many college students know about this but there are many online sites where you can freelance to make some extra cash. If you have a skill such as research, writing, telemarketing, web design, or just about anything advertise yourself on one of the Freelancing sites such as Odesk or Elance, then place bids on jobs you find on those sites and if you are qualified there is a good chance they will contract you.

4) Blogging - Why not start a Blog and in your spare time create posts that will help entertain or teach people about something you love to do. Once you are Blogging and have some followers you can start offering affiliate programs to them where you make money if they buy from your site or you could even create your own product and sell it.

5) Grants - There are many types of Grants available to students. Do some research online and ask the workers in the financial aid office about options they may know about. A Grant is nice to get as this doesn't have to ever be paid back like loans do. There are tons of Grants out there, just look around and research it.

6) Ask Family - Parents generally will help with what they can. Perhaps, you were one of the luckier kids who have parents with money. Perhaps not, parents are still a viable source and may be able to help some. There also may be other people in your family willing ot help send a family member to college, just ask.

7) Ask your professor if he/she needs an assistant - Many times the professors will need some help with things and are willing to pay for the help.As you can see there are many ways to help get extra cash for college tuition, can you think of any others?

By Matthew T McCray - Short Video http://www.youtube.com/watch?v=YUd-uRYXFxg Check out our Blog for more money savings ideas or tips http://www.TwoGuysYouShouldKnow.com
   

Earning academic scholarships on more than just good grades

collegemoney
For high schools students preparing for college, earning an academic scholarship is a promising and prestigious way to pay for school. As the price for education at many colleges and universities rises, the competition for academic scholarships has become more intense. With more people vying for financial assistance that won't have to be paid back, it now takes more than good grades to get a full scholarship to the student's university of choice. There are other areas where high school seniors can excel which could give them an advantage over other candidates.
Test Scores
College entrance exams give colleges and universities another means of measuring a student's potential. The scores often serve as a major factor in college admission. Those with excellent test scores have a better chance at earning academic scholarships. Although some schools do not emphasize high test scores for admissions, but focus on grades and character, students hoping to earn academic scholarships should not put themselves in this category. They need to focus on all of these points, test scores included. Taking a preparatory course is proven to improve scores, and may give academically gifted applicants an edge on college scholarships.
Chosen Major
Some awards are focused on a particular field of study in addition to academic performance. Major scholarships may be sponsored by a college, or may come in the form of a grant from a special interest group, corporation or college alum. Companies in industries struggling to fill positions with qualified employees may deliberately look for the brightest and the best in their field of study. To appeal to these groups, high school students should have a focus in classes, clubs and outside activities that demonstrate an interest in the same field as these major scholarships.
Activities
While academic focus is a good things, many scholarship committees believe that a well-rounded student has more to offer their school than a bookworm who never ventures out of their shell. Interacting with others, whether it's the mathletes, thespians or debate team has its merits. Holding office in the student body government in high school is another notable activity. Those with excellent academic records and at least one or two extracurricular activities come across as a well-rounded student with social skills.
Essays
The emergence of the college applicant's essay is quite frequently the deciding factor in situations where the committee must choose among a handful of students. Those with strong writing skills and the ability to present themselves in a constructive manner are more likely to turn heads and trigger interest. Candidates should be sure to answer the questions posed and stay on topic. Spelling, grammar and clarity of thought also count toward earning academic scholarships.
By Jeremy P Stanfords - the parent of college students who likes to research academic scholarships, like the ones found at http://www.collegeanswer.com/.


For high schools students preparing for college, earning an academic scholarship is a promising and prestigious way to pay for school. As the price for education at many colleges and universities rises, the competition for academic scholarships has become more intense. With more people vying for financial assistance that won't have to be paid back, it now takes more than good grades to get a full scholarship to the student's university of choice. There are other areas where high school seniors can excel which could give them an advantage over other candidates.

Test Scores
College entrance exams give colleges and universities another means of measuring a student's potential. The scores often serve as a major factor in college admission. Those with excellent test scores have a better chance at earning academic scholarships. Although some schools do not emphasize high test scores for admissions, but focus on grades and character, students hoping to earn academic scholarships should not put themselves in this category. They need to focus on all of these points, test scores included. Taking a preparatory course is proven to improve scores, and may give academically gifted applicants an edge on college scholarships.

Chosen Major

Some awards are focused on a particular field of study in addition to academic performance. Major scholarships may be sponsored by a college, or may come in the form of a grant from a special interest group, corporation or college alum. Companies in industries struggling to fill positions with qualified employees may deliberately look for the brightest and the best in their field of study. To appeal to these groups, high school students should have a focus in classes, clubs and outside activities that demonstrate an interest in the same field as these major scholarships.

Activities
While academic focus is a good things, many scholarship committees believe that a well-rounded student has more to offer their school than a bookworm who never ventures out of their shell. Interacting with others, whether it's the mathletes, thespians or debate team has its merits. Holding office in the student body government in high school is another notable activity. Those with excellent academic records and at least one or two extracurricular activities come across as a well-rounded student with social skills.

Essays
The emergence of the college applicant's essay is quite frequently the deciding factor in situations where the committee must choose among a handful of students. Those with strong writing skills and the ability to present themselves in a constructive manner are more likely to turn heads and trigger interest. Candidates should be sure to answer the questions posed and stay on topic. Spelling, grammar and clarity of thought also count toward earning academic scholarships.

By Jeremy P Stanfords - the parent of college students who likes to research academic scholarships, like the ones found at http://www.collegeanswer.com/.
   

Military Financial Aid

military_flag

Military service undoubtedly comes with its hazards, but it also provides unique compensation. Many young adults in America who have hopes for higher education but lack the funding choose to enlist in the military to take advantage of its education financial aid programs, such as the GI Bill. Although receiving these benefits is a primary motivator for many enlistees, more than a third of veterans don’t take advantage of these programs — possibly because they remain unaware of the details. So what are these programs and what do they have to offer?
The GI Bill
The Servicemen’s Readjustment Act of 1944, commonly referrd to as the GI Bill, was a benefit program formulated to help returning veterans of World War II receive lower mortgage rates, loans to purchase farms, one year of unemployment compensation and cash payments for the tuition of colleges towards vocational and traditional education. Over the decades, the GI Bill has been revised into today’s modern version, with the passing of the Post 9/11 Veterans Educational Assistance Act of 2008. Known as the Post 9/11 GI Bill or 21st Century GI Bill of Rights, the act has expanded the educational benefits for military veterans who have served active duty since September 11, 2001.
The main benefits of the GI Bill include paid tuition for four academic years in an approved program up to the cost of the most expensive in-state undergraduate public tuition in the state where the veteran is enrolling. The amount received depends on the number of months the veteran served on active-duty on or after September 11, 2001. The minimum requirement is 90 days of service, which offers veterans 40 percent of tuition fees. The eligibility period to claim educational benefits is 15 years after concluding active duty. International education programs outside the United States are also eligible.
Also included in the GI Bill is a monthly living stipend for living costs and housing. The amount allowed is based off of the region the veteran will be attending. For instance, a veteran can expect a higher monthly stipend when attending school in New York City compared to other regions with lower, more affordable costs of living. A reduced stipend is also given for those veterans enrolled in online universities. Additionally, there is an annual stipend of up to $1,000 for miscellaneous costs, such as books, supplies and enrollment fees. Up to $2,000 towards one-time licensing or certification testing is also covered.
The Yellow Ribbon Program
For more expensive private schools, the GI Bill’s Yellow Ribbon Program enables participating private institutions to share the cost of tuition with the federal government. There is a $17,500 a year cap on additional tuition that the government matches with the school.
---
For more information for veterans looking to take advantage of their educational benefits, please refer to the United States Department of Veterans Affairs website. For a more personalized and plain-spoken website, be sure to check out Today’s GI Bill website.
Joshua John currently works in community relations for the University of Southern California, which provides an advanced standing MSW and the opportunity for social works to earn an online social work degree. He also loves gadgets, movies, and all things Batman. Follow him on twitter: @joshuavjohn
Military service undoubtedly comes with its hazards, but it also provides unique compensation. Many young adults in America who have hopes for higher education but lack the funding choose to enlist in the military to take advantage of its education financial aid programs, such as the GI Bill. Although receiving these benefits is a primary motivator for many enlistees, more than a third of veterans don’t take advantage of these programs — possibly because they remain unaware of the details. So what are these programs and what do they have to offer?

The GI Bill
The Servicemen’s Readjustment Act of 1944, commonly referrd to as the GI Bill, was a benefit program formulated to help returning veterans of World War II receive lower mortgage rates, loans to purchase farms, one year of unemployment compensation and cash payments for the tuition of colleges towards vocational and traditional education. Over the decades, the GI Bill has been revised into today’s modern version, with the passing of the Post 9/11 Veterans Educational Assistance Act of 2008. Known as the Post 9/11 GI Bill or 21st Century GI Bill of Rights, the act has expanded the educational benefits for military veterans who have served active duty since September 11, 2001. 

The main benefits of the GI Bill include paid tuition for four academic years in an approved program up to the cost of the most expensive in-state undergraduate public tuition in the state where the veteran is enrolling. The amount received depends on the number of months the veteran served on active-duty on or after September 11, 2001. The minimum requirement is 90 days of service, which offers veterans 40 percent of tuition fees. The eligibility period to claim educational benefits is 15 years after concluding active duty. International education programs outside the United States are also eligible.

Also included in the GI Bill is a monthly living stipend for living costs and housing. The amount allowed is based off of the region the veteran will be attending. For instance, a veteran can expect a higher monthly stipend when attending school in New York City compared to other regions with lower, more affordable costs of living. A reduced stipend is also given for those veterans enrolled in online universities. Additionally, there is an annual stipend of up to $1,000 for miscellaneous costs, such as books, supplies and enrollment fees. Up to $2,000 towards one-time licensing or certification testing is also covered.

The Yellow Ribbon Program
For more expensive private schools, the GI Bill’s Yellow Ribbon Program enables participating private institutions to share the cost of tuition with the federal government. There is a $17,500 a year cap on additional tuition that the government matches with the school.---

For more information for veterans looking to take advantage of their educational benefits, please refer to the United States Department of Veterans Affairs website. For a more personalized and plain-spoken website, be sure to check out Today’s GI Bill website.

Joshua John currently works in community relations for the University of Southern California, which provides an advanced standing MSW and the opportunity for social works to earn an online social work degree. He also loves gadgets, movies, and all things Batman. Follow him on twitter: @joshuavjohn
   

President’s plan to train hundred thousand teachers to be met through Online Degree Programs: McGraw University

PresidentObama_article

In order to improve the literacy level within the United States, McGraw University vouchsafes scholarship grants to 21 professionals in order to bolster President’s education plan
Whereas the job markets lurks in as bleak prospect for academic professionals and teachers, it appears that the situation is likely to change completely in the next few years – thanks to the online degree programs offered by universities, such as McGraw. On the other hand, statistics show a pretty different story. The department of Labor and Statistics forecast that the demands for teachers majoring in the Sciences are likely to be in more demand in the coming years.
Hence, as part of a follow up to the President Obama’s call to train teachers who wish to major in Science, McGraw University shall be granting 21 scholarships to the aspiring individuals. This would allow them to return to the school and earn a degree in the field of their choice. The current scholarship program would be in addition to the already low tuition fee that is being charged to the students. The competitive scholarships are available both for individuals seeking initial licensure and those who are currently teaching in the field but need a master’s degree.
This is not the first time McGraw University has come up with the ingenious scholarship program. Last year, the university contributed to the study of 32 students who pursued their education for a lower tuition rate at the online campus.  One of the students who attended McGraw University last year commented on the occasion saying that the scholarship allowed her to pursue her long going dream of pursuing her career in teaching sciences while pursuing her job and education at the McGraw’s online campus.
“I was really desperate. I couldn’t afford to study, though I had always been a genius with my academics. Today, with the help of online study, from McGraw University, I was able to pursue my studies and excel within areas that I never thought could have been possible.” Says Sandra with an emotional smile spread across her face.
For many like Sandra, McGraw offers a wonderful opportunity to develop and foster. Many aspirants have been enrolling in looking forward to wonderful prospects that come to them.
About McGraw University
McGraw University is devoted to excellence in teaching, learning, and research, and to developing leaders in many disciplines who make a difference globally. For students who are excited to investigate the biggest issues of the 21st century, McGraw offers an unparalleled student experience and a generous financial aid program, with flexible online education programs.
Teresac keys
PR officer McGraw University
1-866-497-4901
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
In order to improve the literacy level within the United States, McGraw University vouchsafes scholarship grants to 21 professionals in order to bolster President’s education plan

Whereas the job markets lurks in as bleak prospect for academic professionals and teachers, it appears that the situation is likely to change completely in the next few years – thanks to the online degree programs offered by universities, such as McGraw. On the other hand, statistics show a pretty different story. The department of Labor and Statistics forecast that the demands for teachers majoring in the Sciences are likely to be in more demand in the coming years.

Hence, as part of a follow up to the President Obama’s call to train teachers who wish to major in Science, McGraw University shall be granting 21 scholarships to the aspiring individuals. This would allow them to return to the school and earn a degree in the field of their choice. The current scholarship program would be in addition to the already low tuition fee that is being charged to the students. The competitive scholarships are available both for individuals seeking initial licensure and those who are currently teaching in the field but need a master’s degree.

This is not the first time McGraw University has come up with the ingenious scholarship program. Last year, the university contributed to the study of 32 students who pursued their education for a lower tuition rate at the online campus.  

One of the students who attended McGraw University last year commented on the occasion saying that the scholarship allowed her to pursue her long going dream of pursuing her career in teaching sciences while pursuing her job and education at the McGraw’s online campus.

“I was really desperate. I couldn’t afford to study, though I had always been a genius with my academics. Today, with the help of online study, from McGraw University, I was able to pursue my studies and excel within areas that I never thought could have been possible.” Says Sandra with an emotional smile spread across her face.

For many like Sandra, McGraw offers a wonderful opportunity to develop and foster. Many aspirants have been enrolling in looking forward to wonderful prospects that come to them.  

About McGraw UniversityMcGraw University is devoted to excellence in teaching, learning, and research, and to developing leaders in many disciplines who make a difference globally. For students who are excited to investigate the biggest issues of the 21st century, McGraw offers an unparalleled student experience and a generous financial aid program, with flexible online education programs.

By Teresac Keys, PR officer McGraw This e-mail address is being protected from spambots. You need JavaScript enabled to view it -- http://www.mcgrawuniversity.com/
   

Why is there over a trillion dollars in student debt?

money

How is it possible that college tuition can go up each and every year at a time when we have almost no inflation, and a GDP growth of less than 2% depending on whose economic numbers you are led to believe? The reality is that college tuition is going up because the government is guaranteeing student loans and building that bubble. Because there are so many people who have been led to believe that going to college is the way to a successful future and career they will spend almost anything to go to college. It's amazing how much people will spend when they are using someone else's money.
What is really unfortunate is that we don't teach economics in college to the degree we should, and we hardly teach it in high school at all. Most kids who graduate from high school can read and write, they can also do basic math, but very few of them can legitimately balance a checkbook or do accrual-based accounting. That's a real problem. What's worse is when those kids grow up and go work for the government. Apparently, our graduating college students are not alone when it comes to balancing the books. Our own federal government is spending over a trillion dollars per year over what it takes then in taxes. I really hate to mention this because I don't even like this buzzword, but that is simply; unsustainable!
If kids are coming with money in hand by the way of student loan to sign up for college, then that means the demand will remain very high. Because the demand is high the colleges can charge more money, and so they do. They are also paying far too much to the professors, and giving them incredible pensions and benefits, yes, including healthcare, and the accumulation of all the legacy costs are putting our colleges and universities on same track and pace as many of the municipalities and state governments which are in near bankruptcy.
What's happened is we have blown up a huge bubble in the academic industrial complex. Rather than coming clean with the challenges and problems which lie ahead we aren't being honest with the economic realities of this. The Obama Administration wishes to raise taxes, and continue to float this bizarre and unsustainable way forward. If kids graduating from college right now are not finding jobs, then sending more kids to college and raising tuition sure seems like a bad idea for anyone that stops to think about it.
Apparently no one is, while default rates zoomed past 9% in 2012 on their way to god only knows where, or how high. And so, the trillion dollar student loan dilemma is going to present a pop of epic proportions not too dissimilar from the housing crisis of 2008, luckily it will only be in one sector, albeit a very important one - education that is.
It is amazing that the Obama Administration will not address this, or do anything about it. It's not working, and the problem is getting bigger not smaller. Indeed I hope you will please consider all this and think on it.
Lance Winslow has launched a new provocative series of eBooks on the Future of Education. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank; http://www.worldthinktank.net
By Lance Winslow
How is it possible that college tuition can go up each and every year at a time when we have almost no inflation, and a GDP growth of less than 2% depending on whose economic numbers you are led to believe? The reality is that college tuition is going up because the government is guaranteeing student loans and building that bubble. Because there are so many people who have been led to believe that going to college is the way to a successful future and career they will spend almost anything to go to college. It's amazing how much people will spend when they are using someone else's money.

What is really unfortunate is that we don't teach economics in college to the degree we should, and we hardly teach it in high school at all. Most kids who graduate from high school can read and write, they can also do basic math, but very few of them can legitimately balance a checkbook or do accrual-based accounting. That's a real problem. What's worse is when those kids grow up and go work for the government. Apparently, our graduating college students are not alone when it comes to balancing the books. Our own federal government is spending over a trillion dollars per year over what it takes then in taxes. I really hate to mention this because I don't even like this buzzword, but that is simply; unsustainable!

If kids are coming with money in hand by the way of student loan to sign up for college, then that means the demand will remain very high. Because the demand is high the colleges can charge more money, and so they do. They are also paying far too much to the professors, and giving them incredible pensions and benefits, yes, including healthcare, and the accumulation of all the legacy costs are putting our colleges and universities on same track and pace as many of the municipalities and state governments which are in near bankruptcy.

What's happened is we have blown up a huge bubble in the academic industrial complex. Rather than coming clean with the challenges and problems which lie ahead we aren't being honest with the economic realities of this. The Obama Administration wishes to raise taxes, and continue to float this bizarre and unsustainable way forward. If kids graduating from college right now are not finding jobs, then sending more kids to college and raising tuition sure seems like a bad idea for anyone that stops to think about it.

Apparently no one is, while default rates zoomed past 9% in 2012 on their way to god only knows where, or how high. And so, the trillion dollar student loan dilemma is going to present a pop of epic proportions not too dissimilar from the housing crisis of 2008, luckily it will only be in one sector, albeit a very important one - education that is.

It is amazing that the Obama Administration will not address this, or do anything about it. It's not working, and the problem is getting bigger not smaller. Indeed I hope you will please consider all this and think on it.

Lance Winslow has launched a new provocative series of eBooks on the Future of Education. Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank; http://www.worldthinktank.net

By Lance Winslow
   

Strategy to win a merit based scholarship

scholarship_money

Most high school seniors and their parents start planning for college scholarships during the Senior year in high school; however, this is not the strategy to follow to successfully achieve the goal of receiving a merit based scholarship. In fact, the strategy to win a merit based scholarship starts the Freshman year in high school. Merit based scholarships are often based on the overall GPA (grade point average) achieved during the entire high school career. Given this knowledge, it is the wise high school student that understands the fact that grades achieved during the Freshman and Sophomore years are equally important as grades earned during the Junior and Senior years for scholarships that use a total high school GPA for qualification and eligibility.
This is easy to explain and understand but difficult to put into practice. Most fourteen year old high school students would find it hard to prioritize homework, study for tests, class projects, etc... over hanging out with friends, playing the latest Xbox game, or texting all evening long. Parents must take a role in helping the student prioritize academic work over fun time; however, we all require motivation to make tough decisions especially those that are for a goal that is three to four years away. Fortunately, there is some motivation available.
Let's take an example to show what I mean. Assume a college merit based scholarship is worth $40,000 over a four-year period. This is a reasonable assumption for in state tuition. Merit based scholarships for private institutions may be much more. Let's look at the $40,000 as future payment for work done today and the next few years in high school. If we assume that an average student takes five core academic classes a semester (ten per year or forty over four years), then each academic class has a dollar value of about $1000. Let's look at the work load for the class. Assume each academic class has six tests and ten graded quizzes or other projects assigned. Allowing for the fact that tests will take more time than quizzes or homework, we will assign $500 for the test preparation and $500 for the quizzes. Looked at this way, each test is worth just over $83 and each quiz is worth about $50. Now, we have some ammunition to use to motivate the work required to gain a merit based scholarship. The student and the parent can look at the studying required for high achievement as being paid for by the merit based scholarship to come in the future.
Of course, this does not change the actual hard work involved and still requires actually making correct daily decisions to put off texting or hanging out for reading, doing math problems, and study. Students, and parents, must learn that academic merit is worth something and is worth the extra effort. It also teaches life lessons which the student will use not only for his/her high school career but also for college and the rest of his/her life.
By C Herring -- an advocate for merit based scholarships and strives to promote academic excellence in students at http://hope-scholarship.net. Find out More information concerning merit based scholarships and the hope scholarship, in particular, at http://hope-scholarship.net/tips/georgia-hope-scholarship-faq/
Most high school seniors and their parents start planning for college scholarships during the Senior year in high school; however, this is not the strategy to follow to successfully achieve the goal of receiving a merit based scholarship. In fact, the strategy to win a merit based scholarship starts the Freshman year in high school. Merit based scholarships are often based on the overall GPA (grade point average) achieved during the entire high school career. Given this knowledge, it is the wise high school student that understands the fact that grades achieved during the Freshman and Sophomore years are equally important as grades earned during the Junior and Senior years for scholarships that use a total high school GPA for qualification and eligibility.

This is easy to explain and understand but difficult to put into practice. Most fourteen year old high school students would find it hard to prioritize homework, study for tests, class projects, etc... over hanging out with friends, playing the latest Xbox game, or texting all evening long. Parents must take a role in helping the student prioritize academic work over fun time; however, we all require motivation to make tough decisions especially those that are for a goal that is three to four years away. Fortunately, there is some motivation available.

Let's take an example to show what I mean. Assume a college merit based scholarship is worth $40,000 over a four-year period. This is a reasonable assumption for in state tuition. Merit based scholarships for private institutions may be much more. Let's look at the $40,000 as future payment for work done today and the next few years in high school. If we assume that an average student takes five core academic classes a semester (ten per year or forty over four years), then each academic class has a dollar value of about $1000. Let's look at the work load for the class. Assume each academic class has six tests and ten graded quizzes or other projects assigned. Allowing for the fact that tests will take more time than quizzes or homework, we will assign $500 for the test preparation and $500 for the quizzes. Looked at this way, each test is worth just over $83 and each quiz is worth about $50. Now, we have some ammunition to use to motivate the work required to gain a merit based scholarship. The student and the parent can look at the studying required for high achievement as being paid for by the merit based scholarship to come in the future.

Of course, this does not change the actual hard work involved and still requires actually making correct daily decisions to put off texting or hanging out for reading, doing math problems, and study. Students, and parents, must learn that academic merit is worth something and is worth the extra effort. It also teaches life lessons which the student will use not only for his/her high school career but also for college and the rest of his/her life.

By C Herring -- an advocate for merit based scholarships and strives to promote academic excellence in students at http://hope-scholarship.net. Find out More information concerning merit based scholarships and the hope scholarship, in particular, at http://hope-scholarship.net/tips/georgia-hope-scholarship-faq/
   

How to get college scholarship help

collegemoney

When it comes to college scholarships the more that you can accumulate the better off you will be because you cannot always rely on college financial aid to be enough to get you through college. After all, financial aid is based on your parents salary and their assets, not your own. Therefore, if your parents are not willing or able to help as much as their financial aid sheet says they can, then you may have problems and be in need of college admissions assistance to get into college and then finding a way to afford your tuition. The good news is there are several ways that you can seek out college scholarship help.
Utilize a college financial aid calculator
The first things you are going to want to do are head online and look for a college financial aid calculator. Although the tuition charged may change from school to school, you will have a rough idea of where you stand on what you will owe if you use a certified calculator. This gives you an estimate of how much you will be left to owe so that you can figure out the amount of scholarships you will need to cover tuition. Keep in mind that scholarships can be applied before financial aid if they are sent directly to the school, so this is another factor to remember while shopping for useful scholarships.
Check out your high school guidance office
The second thing you need to do is make an appointment with your high school guidance office so that you can sit down with your counselor and go over your scholarship options. They are the best window into your local scholarship opportunities, and they are the best source of information because they know you. Therefore, they know what you are eligible for and since they have spent years helping other students, they know what you are likely to get. This will help save you a lot of wasted time.
Seek out aid college admission assistance
Another great office to schedule an appointment with is the college admissions assistance office. Their assistance is also invaluable because they have experience helping freshmen every year. They can help guide you through the local scholarships in your college town that are available to help you afford your education. They can also help you see if you qualify for anything directly from the school, because many times schools offer grants and these can be helpful to put towards your tuition.
Online scholarship help
Finally the last thing you might want to think about doing is heading online to look for scholarships. There are actually many websites designed to offer college scholarship help to college freshmen. If you are an upperclassman there are also websites designed to help you find scholarships as well. Online searches can reap a lot of rewards because you can apply for dozens of scholarships with just one click of a button making it a very time efficient way to apply for help.
If you need some college scholarship help instead of wasting time applying for scholarships that you will never have a chance at receiving find scholarships that are tailored to your needs at helpmegotocollege.org
By Deepak Atri
When it comes to college scholarships the more that you can accumulate the better off you will be because you cannot always rely on college financial aid to be enough to get you through college. After all, financial aid is based on your parents salary and their assets, not your own. Therefore, if your parents are not willing or able to help as much as their financial aid sheet says they can, then you may have problems and be in need of college admissions assistance to get into college and then finding a way to afford your tuition. The good news is there are several ways that you can seek out college scholarship help.

Utilize a college financial aid calculator
The first things you are going to want to do are head online and look for a college financial aid calculator. Although the tuition charged may change from school to school, you will have a rough idea of where you stand on what you will owe if you use a certified calculator. This gives you an estimate of how much you will be left to owe so that you can figure out the amount of scholarships you will need to cover tuition. Keep in mind that scholarships can be applied before financial aid if they are sent directly to the school, so this is another factor to remember while shopping for useful scholarships.

Check out your high school guidance office
The second thing you need to do is make an appointment with your high school guidance office so that you can sit down with your counselor and go over your scholarship options. They are the best window into your local scholarship opportunities, and they are the best source of information because they know you. Therefore, they know what you are eligible for and since they have spent years helping other students, they know what you are likely to get. This will help save you a lot of wasted time.

Seek out aid college admission assistance
Another great office to schedule an appointment with is the college admissions assistance office. Their assistance is also invaluable because they have experience helping freshmen every year. They can help guide you through the local scholarships in your college town that are available to help you afford your education. They can also help you see if you qualify for anything directly from the school, because many times schools offer grants and these can be helpful to put towards your tuition.

Online scholarship help
Finally the last thing you might want to think about doing is heading online to look for scholarships. There are actually many websites designed to offer college scholarship help to college freshmen. If you are an upperclassman there are also websites designed to help you find scholarships as well. Online searches can reap a lot of rewards because you can apply for dozens of scholarships with just one click of a button making it a very time efficient way to apply for help.

If you need some college scholarship help instead of wasting time applying for scholarships that you will never have a chance at receiving find scholarships that are tailored to your needs at helpmegotocollege.org

By Deepak Atri
   

Page 1 of 5

Your EduFavs

Please login to view and manage your EduFavs.