Archive for July, 2007

Georgia students hoping for HOPE scholarships

Rules changes affect 18,000 students who won't get one this year.

July 31, 2007 No Comments Full Story

Textbook publishers could incur the wrath of Gov. Cuomo

Reported by Doug Lederman in Inside Higher Ed  A portent of things to come.  One of our favorite and most astute education writers, Doug Lederman, informs us that there could be more investigations on college campuses with those who are "sleeping with the enemy." The National Association of College and University Business Officers plans to review its existing policies on the interaction between exhibitors and attendees at its annual meetings and to propose a set of "best practices"

July 31, 2007 No Comments Full Story

Michigan students facing up to 21% tuition increases

Reported by Kristen Jordan Shamus in the Detroit Free Press Tony McCaul works three part-time jobs and has an internship and student loans, and he's dreading the bill coming soon from Michigan State University, where he'll be a senior this fall. Like students across the state, McCaul, 22, of Lake Odessa will pay a lot more this year than last fall -- a 9.6% hike in his case. "It's hard for students," said McCaul, 22, who is studying to be a high school biology, agriculture and natural

July 30, 2007 No Comments Full Story

Texans rejoice – ‘B on Time’ loans renewed for returning students

Reported by Erin Wood in The Battalion  Texas colleges received notification Friday that returning students who renewed "B on Time" loans would be given them. "We received our allocation notice from the Texas Higher Education Coordinating Board Friday afternoon indicating their intent to honor all renewal requests," said Joe Pettibon, head of student financial aid at Texas A&M. The B on Time loan rewards students who graduate in four years with at least a B average by eliminating t

July 30, 2007 No Comments Full Story

Great advice for entering freshmen

Reported by James Tinley in the Middletown Herald Press (CT)  When students enter college as wide-eyed freshmen, they may have a degree of freedom they have never known and be forced to make choices they have never before been faced with. Should I go to the library to study for that exam, or go to that party where I know everyone is going be? Should I make it to my 8 a.m. class or spend the morning hitting the snooze button and playing PlayStation? How to handle these choices, as well

July 30, 2007 No Comments Full Story

Elgin CC bookstore (IL) could award financial aid

Is this the first episode of the used book scandal?   Reported by Emily Krone in the Daily Herald  The bookstore at Elgin Community College clears more than half a million dollars annually, subsidizes other campus operations and maintains nearly $1 million in reserves. Those profits come largely at the expense of students, who shell out nearly as much for textbooks as for a semester of tuition. The average community college student in Illinois spends between $941 and $1,027 annual

July 29, 2007 No Comments Full Story

Texans in uproar over college funding snafu

Reported by the staff of the Tyler Morning Telegraph Lt. Gov. David Dewhurst has launched an effort he hopes will restore millions in funding lost to community colleges because of a veto by the governor. In a letter to Gov. Rick Perry, legislators, members of the Higher Education Coordinating Board and community college leaders last week, Dewhurst said he wants to see $154 million returned to community college districts to pay group health insurance premiums. The governor used a line-it

July 29, 2007 No Comments Full Story

Oklahoma tuition going up – so what’s new about that

Reported by KOTV ``How is someone supposed to complete school when they receive hikes every single year, forcing them to choose between work and school?'' said University of Central Oklahoma student Jonathan Vestal. Higher tuition costs mean the Yukon native and criminal justice student will continue to work full time at an insurance company to put himself through school. He can only afford to take six credit hours each semester. ``I needed electricity more than I needed my biochemistry

July 29, 2007 No Comments Full Story

Radio Interview – Hear Reecy live July 31 on WHKW 1220AM; 3:00 – 3:30 EST

Hear Reecy live on Family Matters Radio with hosts Caroline and Jacquie.  This show will also be broadcast on the following stations at the following times:          WFHM 95.5FM; Cleveland/Akron, Ohio; Sundays 6am - 8am WHK 1420AM; Cleveland/Akron, Sundays 6am - 7am WTOD 1560AM; Toledo, Ohio; Saturdays 10am - 11am WIIN 780AM; Jackson, Mississippi; Saturdays 5pm - 7pm WJTN 1240AM; Jamestown, New York; Saturdays 4pm - 6pm KZIQ 92.7FM; Los Angeles, CA; Sundays 8am

July 28, 2007 No Comments Full Story

Louisiana students can qualify for a Go-Grant

Reported by KALB NewsChannel 5  If money's tight - here's another way to help pay for college this fall. It’s called a go-grant – it’s state tuition money for low and moderate income students who are already on a pell grant. the go grant will pay up to 2-thousand dollars a year beyond what the Pell Grant pays - and you can be a full or part time student. Contact your college’s financial aid office for more information on signing up.

July 28, 2007 No Comments Full Story

Hear Reecy on WGN July 28, 1:30 – 2:00 CST

Hear Reecy live on the The Money Show hosted by Bill Moller

July 28, 2007 No Comments Full Story

West Virginia a Leader in Providing Grant & Merit Aid

Reported by James Davison / Sunday Gazette-Mail  West Virginia is among the top four states that spent the most of their higher education tax dollars on college aid grant programs, a recent national report shows. The equivalent of 20.6 percent of the state tax appropriations spent on West Virginia colleges or universities — about $71 million in 2005-06 — funded grant programs that helped pay for students’ education, according to the National Association of State Student Grant and Ai

July 23, 2007 No Comments Full Story

Ohio Cancels Tuition Increases for 2 Years

Reported by Dennis J. Willard - Akron Beacon Journal The decision by state officials to freeze tuition at state universities for two years has a downside for parents planning to send children to a private college and who invested in the Ohio Tuition Trust Authority Guaranteed Savings Fund.  The fund, until this year, was covering much of the sharply rising tuition rates at both state and private schools. But for the next two years, distributions from the fund will be frozen -- they're

July 23, 2007 No Comments Full Story

The Minimum Wage Affects Financial Aid

On July 24th the new federal guidelines take affect, but they only apply to 14 states - see the chart.  It appears that states rights are stronger than the "law of the land." In that regard, the following is what both parents and students need to know about summer jobs, work in general, student assets, and how they are factored into the financial aid calculations.  Sadly, too few are aware of the consequences:  1. In the financial aid formulas for 2007, students have a $3,000 income pro

July 22, 2007 No Comments Full Story

Texas Students Face Their Own Loan Crisis

Reported by Holly K. Hacker - The Dallas Morning News This week – just a month before heading off to the University of Texas at Austin – Brad Barmer got an unwelcome surprise. That $5,170 interest-free loan he was counting on this year? He won't be getting it. Instead, Mr. Barmer and some 700 other incoming freshmen at UT – and thousands more college-bound students across the state – won't see a dime from the Texas "B On Time" loan program. Just this month, the state notifie

July 21, 2007 No Comments Full Story

Your Chance to Vote for America’s Most Annoying Liberal Arts College

Brought to you by Gawker Choose between Bard, Bennington, Brown, Eugene Lang, Evergreen, Goddard, Hampshire, Oberlin, Reed, Sarah Lawrence, Swarthmore, Vassar, and Wesleyan.

July 20, 2007 No Comments Full Story

Savannah Tech Begins Registration August 1

Reported in The Business Report & Journal  Savannah Technical College will begin registering students at its new Effingham Campus on August 1, 2007. The 16,100 square foot campus, located on Highway 21 between Springfield and Rincon, will be the fifth location for the college. Other locations include: the Savannah Campus on White Bluff Road, the Liberty Campus on Airport Road in Hinesville, the Crossroads Technology Campus in the Crossroads Business Park off I-95 near the Savannah a

July 20, 2007 No Comments Full Story

Amherst College Joins Exclusive Duo

Along with Princeton and Davidson, Amherst will no longer be offering loans in financial aid packages.  This new program will become effective for the 2008-2009 school year and presents a special opportunity for students looking to transfer.

July 20, 2007 No Comments Full Story

Vermont Scholarships Entice Students To Stay In-state

Burlington Free Press - Reported by Terri Hallenbeck Kelly Walsh thought she wanted to go out of state to college -- not necessarily far away -- but somewhere else. A $3,000 enticement from the state helped change her mind. She will attend the University of Vermont in the fall and feels very good about it. Walsh, who graduated Saturday from Mount Mansfield Union High School, is among the first Vermonters to receive a Next Generation Scholarship from the state. The 18-year-old from Unde

July 19, 2007 No Comments Full Story

Worried About How To Pay That College Bill

For the past several weeks, I have been besieged by clients calling to find out how they can pay their tuition bills for the upcoming semester without having to take distributions from their IRA's and 401(k)'s.  Obviously, there are numerous sources for private loans.  This year I have been recommending CHASE.  They have a deferred until 6 months after graduation student loan that parents with reasonably good credit will qualify to co-sign for.  Rates are between 7.4%-12%.  Their

July 18, 2007 No Comments Full Story

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