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матраци
While a lot of kids are celebrating the arrival of summer and planning trips to the pool and beach, many students are heading back to school for the summer. If you are one of them, there is some good news for you!
For the first time in the history
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HOR passes Resolution 1353
In the House of Representatives, U. S., May 25, 2010.
Whereas education is the key to a successful future for many people in the United States;
Whereas the ability of some students to attend an institution of higher education is conditional on the avai
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As reported by Sandra Block in USA Today
"Sallie Mae, the USA's largest private student lender, will announce today that starting May 10, rates on its Smart Option Student Loan will be 2.88% to 10.25%, based on the current London Interbank Offered Rate (LIBOR), the benchmark for the variable-rate
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Boca Raton, FL - It's that time of year again when colleges send out financial aid offers, some full, some empty. But whatever the case, there's almost always some room for improvement. Case 1:
A freshman at Tulane whose parents hired Reecy 2 years ago, but then decided not to use his s
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Unappealing award letters can be appealed under the following circumstances:
Your school has a history of meeting financial need and you have substantial unmet need
You asked for a Federal Work-Study Award (you did, didn't you) and it was absent from your award package
You didn't get a maxim
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Congress has passed the Student Aid and Fiscal Responsibility Act спалниand is awaiting passage by the Senate so the feds can be the sole student lender for Stafford and Perkins Loans. Hopefully by cutting out the banks, the Pell Grant will be able to be incre
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If you have a student in college or one who’s college-bound and you’re wondering how you’re going to pay that bill, now’s your chance to hear the creator of this blog, Reecy Aresty, live on WDEL 1150AM, Saturday, May 30th from 11:00 am – 12:00 pm. Join Spencer Graves as he interviews Ree
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The Obama education tax credit will not only target lower income families, but those of middle income families as well. Here's how the numbers stack up for two families of 4:
Adjusted gross income $66,000
Itemized deductions 20,000
4 exemptions @$3,500 14,000
Taxable In
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Sallie Mae announced that it would no longer offer consolidations under the federally guaranteed loan program. Students typically consolidate their loans after they graduate, combining loans from each of their years in college into a single loan to make it easier to manage when paying back the money
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Reported by Heather LaRoi - La Crosse Tribune
With about a week to go before classes start at UW System schools, nearly 3,800 college students around the state are still waiting to hear what kind of financial aid they will -- or will not -- receive for the upcoming school year.
The ongoing w
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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 Associati
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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 hono
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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 goo
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Hear Reecy live on WNJC, 1360 AM at www.wnjc.duxpond.com
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What started out as informative Financial Aid Nights every fall and evolved into College Goal Sunday in January has now transformed itself into the largest student loan scandal in history!
Evolution
In the fall when seniors begin applying to colleges, thousands of guidance departments
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Reported by Adam Clark - The Daily Collegian Online
The Penn State Board of Trustees on Friday approved a 5.9 percent increase in tuition for the 2008-09 school year, the highest increase since 2005.
Still, "our tuition increase is going to be below the average of similar institutions," Penn State President Graham Spanier said during a presentation during Friday's board meeting. "I'm very pleased that we were able to keep it at a reasonable level, given the very modest appropriations."
July 15, 2008
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Reported by Gil Kaufman - M TV
Ohio GI Promise essentially grants vets full scholarships at state's public schools.
Just a week after President Bush signed off on a new GI Bill that essentially guarantees veterans of the Iraq and Afghanistan wars full scholarships at their home state's public colleges and universities, Ohio has upped the ante by announcing that it will offer in-state tuition rates to those who attend college in the Buckeye State.
According to The New York Times, the Ohio
July 10, 2008
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New rate schedule follows:
First disbursement of a loan:
Interest rate on the unpaid
balance
Made on or after
And made before
July 1, 2008
July 1, 2009
6.0 percent
July 1, 2009
July 1, 2010
5.6 percent
July 1, 2010
July 1, 2011
4.5 percent
July 1, 2011
July 1, 2012
3.4 percent
The above chart is for subsidized loans only; unsubsidized Stafford Loans remain at 6.8%.
June 27, 2008
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Reported in the Memphis Business Journal
Tuition and fees at Tennessee colleges and universities will increase 5.85 percent in 2008-09, according to the Tennessee Independent Colleges and Universities Association.
For the 2008-09 school year, the average published tuition and fees for undergraduate students attending a TICUA member private four-year institution in Tennessee will be about $18,000 per year. Last year, students attending four-year private institutions in Tennessee paid 28 per
June 26, 2008
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The Univ. of MI is hard up for cash, so they will raise tuition and fees for the fall term by 5.6%. Stay tuned for the latest info on your favorite schools.
June 20, 2008
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Reported by Amy Rolph - Seattle Post-Intelligencer
The University of Washington Board of Regents approved two controversial changes for the state's flagship university Thursday -- one that will have some students reaching deeper into their wallets and another that already has divided faculty in science departments.
The regents voted to raise tuition 7 percent for most students starting this fall -- an increase of more than $400. They also decided to move forward with the creation of a Coll
June 13, 2008
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Reported by Janet Frankston Lorin - Bloomberg
A U.S. program to support college lenders is ensuring that students will get the government-backed financial aid they need for the 2008-2009 academic year, after a seizure in the credit markets threatened the flow of funding.
At Michigan State University in East Lansing, 6,042 students have received $26 million in federally guaranteed loans since early May, said Val Meyers, associate director of financial aid, in an interview on June 6. SLM Cor
June 11, 2008
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What most families don’t realize is that the economic stimulus check they may have already received was nothing other than a return of their own money! Depending on how much you actually paid???????? in taxes, you may have or will soon receive a check from Uncle Sam. If you got a refund for 100% of what was withheld, then the stimulus check will actually come from the US treasury.
Don’t spend it all in one place, or simply put it into a 529 Savings Plan; you may need it to drive to
June 10, 2008
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On May 7, 2008, President Bush signed into law the Ensuring Continued Access to Student Loans Act of 2008, which was supposed to quell panic in the student loan crisis. However, in reality, it did nothing more than add fuel to an ongoing fire by ensuring that the colleges and lenders will benefit at the expense of students and their families.
The new law follows on the heels of the Higher Education Reconciliation Act of 2005 (HERA), and should be re-titled the Ensuring Continued Increases to
June 4, 2008
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UM jumps the gun on new Stafford Loans
Two weeks before President Bush signed H.R. 5715 into law, Miami’s financial aid office had already cranked up the presses and doled out non-existent federal student aid. The new law enables undergraduates to obtain an additional $8,000 ($2,000/yr for four years) as an unsubsidized Stafford Loan.
A full 2 weeks before the Senate had even voted on it, Miami awarded a student an unauthorized Stafford loan rather than a Grant or scholarship, saving thems
May 28, 2008
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Additional aid can be obtained before school starts.
By now, you've received your award letter, and thousands of families are unaware they can be challenged. I’m a 29 year veteran of financial aid trench warfare and have been extremely successful at enhancing what many perceive is a lost cause - an appeal.
Here are a few of my guidelines for an appeal letter:
• 2008 income and/or assets will be substantially less than 2007
• Death, divorce, job loss, or excessive health bi
May 22, 2008
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Two students who I counseled will join the Class of 2012 have been shortchainged in their financial aid packages. Harvard ignored the 10% rule and overcharged one family $750. Per my instructions, the other family appealed and received an additional $6,000 of financial aid! What if they hadn't! If there are any Crimson students out there who would like a free review of their financial aid offer, please contact us ASAP!
May 13, 2008
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In 2007, the College Cost Reduction Act (H.R. 2669) increased both the Pell Grant (benefiting students) and the Stafford Loan (benefiting colleges & lenders). While there are far more Stafford borrowers than Pell recipients, the rich got richer at the expense of those less affluent.
Now, in May, 2008, the student loan crisis is taking another turn which will be reinforced by federal legislation, the Ensuring Continued Access to Student Loans Act of 2008 (H.R. 5715). Once again, to no
May 8, 2008
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Sallie Mae announced that it would no longer offer consolidations under the federally guaranteed loan program. Students typically consolidate their loans after they graduate, combining loans from each of their years in college into a single loan to make it easier to manage when paying back the money, assuming there is a better loan rate.
April 16, 2008
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The Yale School of Medicine has overhauled its financial aid policy with a major boost in aid to middle-income families. For 2008-2009, they will eliminate the required parental contribution for families making up to $100,000 per year. Way to go Elay!
April 14, 2008
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Beginning with the 2008-2009 school year, loans for incoming first-year students will be reduced an additional $500. This will result in a maximum loan per year of $1,000 for students whose family incomes are $50,000 or lower; $2,000 for family incomes between $50,000 and $80,000; and $3,000 for family incomes over $80,000. Way to go Middlebury!
April 8, 2008
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Beginning with school year 2008-2009, Oberlin will eliminate loans for students who are eligible for Pell Grants. Way to go Oberlin!
April 8, 2008
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The big print giveth:
In Sept. President Bush signed a law adding $85 million to the previously allocated $238.1 million for 39 predominately black colleges.
The small print taketh away:
The Bush administration's new budget cuts aid to the schools by the same amount, angering Democrats who helped provide the money!
March 20, 2008
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Harvard is raising tuition 3.5 percent for the next academic year. The cost of tuition, room and board, and student fees will be $47,215.
The UMass Board of Trustees approved a 3.1 percent increase in student charges for the next academic year, raising the average cost at the system's four undergraduate universities for in-state students by $288, from $9,261 to $9,549.
March 20, 2008
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Washington University's plan says that families with incomes of less than $60,000 will no longer be expected to take out student loans. The school will instead provide those students with grants. The proposal will cost the school an additional $2.5 million on top of the $60 million it already spends on financial aid. Big deal!
March 15, 2008
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