At some universities, SAT and ACT scores are used to award merit scholarships, in addition to being a metric for admissions. (Merit scholarships are awarded regardless of a student’s family’s financial status and based on an applicant’s qualifications, like GPA and SAT or ACT scores.) Many parents are concerned that their children will miss merit…
Wonder no longer…
University of California (UC) and California State University (CSU) students will pay more tuition for the 2017-18 school year. For the first time in six years, both the UC and CSU boards have approved tuition and fee increases. At the same time, Governor Jerry Brown proposes to phase out the state-sponsored Middle Class Scholarship program for students…
[Sung to the tune of Heigh Ho from Snow White & the Seven Dwarfs] “I owe, I owe, so off to work I go…” Even though I remember singing this refrain in jest, Millennials, the current generation between age 18 – 35 , may not be so light-hearted. According to Bloomberg News in April 2016: A…
Here’s how to borrow $127,000 in student loans, only repay $87,000 over twenty years, and have the U.S. Government pick up the tab for the $450,000 still owed at the end of the repayment period. [Notice the quadrupling effect on the total balance owed because of the interest that accrues in the two decade long repayment period?…
The ACT will be changing the Writing portion of the test, starting in September 2015. The following outlines the changes: Extended Writing Time: Students will have 40 minutes to craft an essay response, rather than the previous 30 minutes. Changed Prompt Style: Test takers will be presented a contemporary issue and three perspectives regarding the…
College alumni often joke about days as a “deprived” undergrad, only eating instant noodles—fast, filling meals on a limited budget—like a badge of honor. Growing numbers of today’s college students, however, embody the literal meaning of “starving” college student. According to the Wall Street Journal: In 2010, the UC [University of California] system added a food-security…
For most of us, moving out of the parental units’ house is the ultimate signifier of adulthood. So, what’s the threshold defining adulthood for the growing numbers of 25 year olds, who live with their parents (even after moving away for college)? Since 2002, parental co-residence rates have only risen: And, in 2012:
When submitting the FAFSA or Free Application for Federal Student Aid to apply for financial aid at colleges and universities all over the United States, parents and students have needed a PIN number as their electronic signature. Recently, Federal Student Aid has changed the PIN to an FSA ID, which will serve as an electronic…
Not all student debt is ruinous. However, borrowing can be complex. Loans spend tomorrow’s income today, and for college students, a promise of tomorrow’s income is spent to pay for expenses in the present day. Understanding recent growth in student loans and the challenges of repayment can help potential student loan borrowers consider both the benefits and the risks before borrowing.…
In a recent survey published by the Brookings Institute, current college students with student debt were unaware of the exact loan amounts, as well as what they’d eventually repay. At $1.2 Trillion and growing daily, total student debt may be more complicated than we, as a society understand. Highlights of the findings are below: At a public four-year…
Is the trend shown in the chart below, caused by the increase in student loans, as seen in the following chart? Charts Courtesy: Goldman Sachs Global Investment Research & Zero Hedge, October 26, 2014
Hearsay and rumors can preclude students from considering women’s colleges. In order to gain more understanding, Olivia and Stephanie, the authors of the following post, share their experiences as students at women’s colleges in different parts of the United States. Olivia currently attends Mt. Holyoke College in South Hadley, MA and Stephanie recently graduated from Mills College…
Student borrowers aren’t the only ones defaulting on college loans… Chart source: Department of Education & Inside Higher Ed
Scholarships are not mysterious. Winning them takes work – which is only a continuation of the efforts to be eligible to compete for scholarships in the first place.
