Archive for September, 2007
Reported by Linda K. Wertheimer - Boston Globe
Some of the nation's most elite colleges, trying to ward off perceptions that they've become unaffordable to even high-income families, are bolstering their financial aid packages by offering grants to students whose parents earn as much as $180,000 a year.
Officials at these colleges, where costs can run $50,000 annually, say they are putting more money into aid because the price is deterring good students from applying. In the past three y
September 27, 2007
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Reported by Larry Gordon in the Los Angeles Times
The high price of college textbooks is a hot issue, not just among disgruntled students weary of spending more than $100 on an economics or a chemistry tome. In Sacramento political circles, efforts to lower those costs have produced two pieces of legislation that are competing for Gov. Arnold Schwarzenegger’s signature.
The main authors of both are Democrats, and the two legislators say they are trying, among other things, to get more
September 24, 2007
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Commentary by Mary Whitfield in the Seattle Post-Intelligencer
This fall marks the first year of the University of Washington's fantastic Husky Promise scholarship program, which provides full tuition assistance to the state's poorest students and makes the dream of a UW education an achievable reality.
Sad to say, what the UW provides with one hand it takes away with the other. Because of the way the UW defines who is subject to its English proficiency requirement, many foreign-born stu
September 24, 2007
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Connecticut residents have a tax loophole in their 529 Savings Plan. Any taxpayer who sets up a Connecticut Higher Education Trust College Savings Program (CHET), regardless of income, or whether there’s a college or college-bound student in that household, can claim a $5,000 deduction on their state tax return. Here's how it works:
1. If your filing status is married filing jointly and you have a dependent, be they toddler, student, or older adult:
Set up a CHET
Name
September 14, 2007
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For Georgia residents, there's a tax loophole in the 529 Plan. Anyone who sets up a Georgia 529 Plan, regardless of income, or whether there's a college or college-bound student in that household, can claim a $2,000 deduction on their state tax return. Here's how it works:
1. For families with a college or college-bound student, simply set up the plan and make a tax deductible contribution of no more than $2,000 and name a parent as owner, and a student as the beneficiary. If y
September 7, 2007
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Reported by Matthew Franck - St. Louis Post-Dispatch
Missouri's supply of scholarships for needy students isn't keeping up with demand, even after pumping $45 million into college financial aid.
As a result, the state has lowered the maximum awards available to students through the new Access Missouri Scholarship by 30 percent, compared with original projections.
When the scholarship was created this spring, legislators had hoped to offer a maximum scholarship of $2,150 each year to s
September 7, 2007
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Now that all Maryland colleges and universities have adopted the new code, students will have less worries when borrowing to finance a college education. However, what has continually been overlooked since the college loan scandal became a matter of public knowledge is how to limit what a family will need to borrow over the course of a student's time in college. To view the entire report continue here.
How to pay for college without going broke
Contrary to popular belief, much
September 7, 2007
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Reported by Brian Morelli - Iowa City Press-Citizen
Dollars for a first-year state funded financial aid program that aims to get low-income young Iowa residents into Iowa colleges are still available, an official with the Iowa College Student Aid Commission said Thursday.
"The intent of the program is to encourage high school students to go on to college," said Julie Leeper, director of program administration, who oversees state scholarships and grants at the Iowa College Student Aid Com
September 6, 2007
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For more information go to: http://tech.netscape.com/story/2007/09/04/10000-up-for-grabs-for-college-bloggers
September 5, 2007
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Reported by John-John Williams, IV - The Baltimore Sun
Alan Jefferson, a 49-year-old banker from Ellicott City, will be able to realize a lifelong dream -- receiving a bachelor's degree -- while enrolled as a Howard Community College student.
HCC students such as Jefferson will soon be able to reap the benefits of a partnership between HCC and Excelsior College, a four-year online school in Albany, N.Y.
"It's something I feel I should have done," said Jefferson, who dropped out of the
September 5, 2007
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Reecy untangles the web of uncertainty, lays bare the facts, and reveals in this point to point with Sallie Mae what the public has been missing.
Sallie Mae, who prides itself as, "the nation’s leading provider of student loans, helping millions of Americans achieve their dream of a higher education," recently released their top 10 financial aid tips. Unfortunately there will be devastating consequences for those who blindly take their advice.
I would compare their tips to what ma
September 4, 2007
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Reported by Lauren Young in Business Week
The dreaded freshman 15, those extra pounds that come from eating all those carbs in the school cafeteria, isn't the only thing your kids need to worry about when heading off to college this fall. Sudden access to easy credit could get them into a heap of financial trouble. The National Foundation for Credit Counseling reports that nearly one-half of college students saddle themselves with more than $3,000 of credit-card debt by the time they gradua
September 4, 2007
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