...Allison is a freshman at Angelina College but has been out of high school for a few years. She mentioned that the reason why she had to hold off for a few years was due to the fact that her father had been laid off at the time and their home was struggling financially and was not stable enough to support her through college. Allison expressed how she wished she was more into sports that way she could receive financial aid with an athletic scholarship. She explained how she was not aware that financial aid other than scholarships was a service provided at Angelina College. Financial aid is monetary help from the government and other programs for students enrolled in college. Students must apply and qualify in order to receive the financial help. Many students depend on financial aid to cover all or most of their college expenses. At Angelina College the Financial aid office is located on the second floor of the student center. In the office...
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...College Costs and Financial Debt Not planning for college on time can leave you with student’s loans debt in the end. I the past few years, college have skyrocket, and the once affordable college education is now a tower of debt for the new recent graduate students. Most of us in order to complete or to continue college our education, will need some federal financial aid or federal student loans to close a small gap in the end. The average public college is around $20K per year, and a private university is double that amount. The average student get his gift aid (need-based aid plus merit aid), this combined with the self-help aid (work-study plus federal loans), total his financial aid packet. These federal loans are a portion of the self-help aid that most students need to close the small financial gap in the end. A few years back the average student loan was around $17,000 (for a regular four-year education), now that amount have climbed to $27,000, this is due to the rising cost of education. Sen. Elizabeth Warren (D-Mass.), have suggested providing federal financial support to states that fund public colleges. This proposal will eliminate government profits from student loans, and punishing colleges with graduates who aren't able to manage their debt. A good example for this college debt is my story. In the spring of 1994, after three years of college, I was forced to delay my education, this was due to the high cost of college tuition. To help cover the cost of my...
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...education. For them to pursue a college education they have to deal with a lot of problems related to how to pay their college tuition. Undocumented immigrants should be able to receive financial aid, even though some people do not support them. There are many reasons why undocumented immigrants should be given financial aid. For example, the rate of undocumented immigrants that want to pursue higher education is higher than the national rate, but the economic opportunities for them to go to college are...
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...Mark Nunez Howard English 51A 1 May 2016 Does financial aid lead to a more successful student? Does financial aid lead to a more successful student? There is a lot of debates and talk about the fact that financial aid does lead to a more successful student. There’s many that think financial aid does lead a college student to a better success and there’s some people that think different. Based on my research and my own personal experience, I have found that there’s a lot of positive points to a more successful college student, but I do understand the negative points to an unsuccessful college student also. For overall student population, the receipt of grants or a combination of grants with loans had a positive impact attending first choice institutes. While the study is not yet complete, MDRC recently published findings from two community colleges in its report “Can Scholarships Alone Help Students Succeed? Leasing from two New York City community colleges.” (Student Loan Ranger) Web. The study defines performance-based scholarships as these granted to students based on financial need. According to MDRC, making additional financial aid contingent upon certain behaviors can lead to “an increased effort toward studies, or reduced level of financial stress, and an increased confidence on the part of students in their ability to succeed. (MDRC WEB) When the MDRC evaluated all participating students at two schools they found that the overall program encouraged more full-time...
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...Article 1: Financing Your Education Paying for College 101 There's no way around it. A college education is expensive, especially if you or your child goes to a private school. How much it will cost depends on the school you choose. Once you've narrowed your choice of schools, contact them to find out how much the total cost will be and what scholarships and financial aid are available. High schools often hold free seminars on choosing and paying for college. Another source of information on financial assistance from both private and government sources is finaid.org. This site also offers calculators that can help you figure out how much school will cost, how much you need to save, and how much aid you will need. Many state governments have created programs to make it easier for families to save money for their children's education. Visit collegesavings.org for links to information on various state programs such as 529 plans. Other helpful college planning tips: * Pay close attention to state and federal financial aid deadlines. You'll want to file well before the deadline though, so you can receive aid before funds run out. * Check the Department of Education's student budget calculator. You can plug in tuition costs, room and board and other expenses along with how much money you have in student loans or grants to get an idea of where you stand financially. * Make sure your college bound child gets involved in the process. Point them to College.gov where they...
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...“College is part of the American dream it shouldn’t be part of a financial nightmare for families.” Barbra Mikuski’s quote holds true to many American families in our society today. In recent discussions of student loan debt, a controversial issue has been whether or not colleges should give more opportunities for students to leave college debt free. On the one hand some argue that students should work to pay for their education themselves. College students personal agenda’s entail getting a job, working hard, and getting scholarships to support themselves throughout their college experience. Students should not assume that government or college aid will cover all of their financial costs, students should anticipate and accept the responsibility...
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...Tuition and Financial Aid In 2000, Ursinus College raised its tuition 17.6 and fees percent to $23,460. After the fee increase, the college recognized an increase in applications by 200 compared to the previous year. There was an assumption by the college president that the applicants concluded the college must be better since its cost was more than others were. In addition, colleges such as the University of Notre Dame, Bryn Mawr College, Rice University, and the University of Richmond raised their tuition in order to match rival colleges, thus causing an increase in applications also. On the other hand, North Carolina Wesleyan College lowered their tuition and fees ten years ago by 22 percent; however, the decrease in costs only attracted a small number of candidates, thus determining the reduction in tuition and fees was not attractive to the students. Susan Hansen, Admissions Director, at a liberal arts college in the East gave a recommendation to increase tuition and reduce financial aid to students in order to increase enrollment. Susan projects the increase in tuition and the decrease in financial aid will solve the school’s financial problems. Last year, the college enrolled 400 new students who each paid an effective tuition of $15,000 (after financial aid) totaling $6,000,000. Susan projects the increased demand from charging an effective tuition of $25,000; the college will enroll 600 new students, totaling $15,000,000. As a consultant to the college of the East...
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... INC. I. INTRODUCTION Income inequality has been increasing for the past 20 years. A substantial part of the increase in income differences can be explained by changes in the return to education. In dollar terms, 1973 college graduates earned 45 percent more than high school graduates; by 1994 they earned 65 percent more, based on real average hourly wages for college and high school graduates (Baumol and Blinder, 1997). The increasing income disparities between groups of differing educational attainment raises concern that access to postsecondary education (PSE) may not be as widespread as desired. President Clinton urged for the goal of universal college access in his 1997 State of the Union address, “We must make the thirteenth and fourteenth years of education—at least two years of college—just as universal in America by the 21st century as a high school education is today, and we must open the doors of college to all Americans.” Using data from the National Education Longitudinal Study of 1988 (NELS) and the National Postsecondary Student Aid Study (NPSAS), this study examines access to postsecondary education by individuals in different income and test score groups. While many studies have found a statistically significant effect of income on college enrollment,1 less attention has been paid to the effect of family income after controlling for student achievement. This study specifically addresses this issue. We also explore differences in the decision of whether or not...
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...College Costs Introduction It's no secret that financing a college education is getting tougher. College costs have skyrocketed over the past decade or so, and there's no relief in sight. Average tuition at four-year colleges will increase 7 percent this school year, double the rate of inflation. Student aid is not increasing fast enough to plug the growing gap between tuition and family finances. In addition, there is a growing number of older students entering college today. These students have families that they need to support. I know, because I am a family man who has returned to school. I wish to finish my degree at the Rochester Institute of Technology. The only problems I face are financial in nature. It is with this in mind that I set about this research. The not so simple question: Is financial aid available to older students, and if so, how do they go about obtaining it? The Cost Of Education The cost of higher education varies by type of institution. Tuition is highest at private 4-year institutions, and lowest at public 2-year institutions. The private 4-year colleges nearly quadrupled their average tuition rates between 1975 and 1996. For private 4-year colleges, tuition and fees for the 1995-96 academic year averaged about $15,400, compared with about $5006 at public 4-year colleges. The cost of attending an institution of higher education includes not only tuition and fees, however, but also books and supplies, transportation...
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...2012 National Research Report Why Did They Enroll? The Factors Influencing College Choice An analysis of traditional-aged students What matters to students when deciding where to enroll? There are a variety of factors that influence a student’s decision to enroll. Factors such as cost and the availability of financial aid are universally important at all types of institutions. However, other factors can vary widely by institution type, demographics, class level, and whether the student enrolled at his or her top choice. Every year, hundreds of campuses administer the Noel-Levitz Student Satisfaction Inventory™ (SSI) to their students. In addition to more than 70 items rated for importance and satisfaction on the general student experience, the SSI includes nine items that address factors in a student’s decision to enroll. During the fall of 2011, more than 55,000 students from more than 100 public and private fouryear and two-year institutions completed the SSI. These students rated the factors to enroll items on a scale of one (meaning not important at all) to seven (very important). This report details the responses from the nationwide pool of data. In particular, this report has a special emphasis on the nearly 22,000 first-year students who responded in order to see which items scored higher with ratings of important or very important (a ranking of six or seven on the answer scale). Comparisons with upperclass students and between students at their first-choice institution...
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...Soyeon Oh College English 1110-04 Professor MimiVan Ausdall April 10, 2013 The College Dilemma In the U.S., having a college degree is the most important qualification for getting a skilled job position. Many young people want this kind of position because it is usually higher paying. Employers expect candidates to have at least a Bachelor’s Degree for any entry-level position, but the cost of tuition today is the highest ever. In the past, recent college graduates generally had an easy transition from school to starting a full time job. Today there are fewer jobs and more college graduates competing for those jobs. According to a USA Today article, “half of new graduates were jobless or underemployed in 2012” (USA). Because of this, university tuition should be lowered and student financial aid increased so that young people are not burdened with huge debt. The number of people who want to get a college degree is higher and higher every year. According to the National Panel Report, 75% of high school kids answered that they want to go to college right after graduating high school. It’s not only for high school kids, but also adults who want to go back to school to get a degree to continue their professional development (We). They expect to get a job with better benefits from getting a degree. Some students would say that they want to go to college for more education, but most students want to go because it will help them to get a job in the future. They realize that...
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...their top college choices. However, one concept that seems to keep many students from achieving a higher education is the cost of tuition for admission. Throughout all four years of high school, students are forced to have a mindset to work extremely hard in order to get into their dream school. Then once they are in college having the possibility of working even harder once solidifying their place in society. Unfortunately, for some, achieving a higher education may not be feasible because of financial restraints. Having discouragement about college does not instantaneously...
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...Financial Aid for College Students Desi Curry Everest Online University ENC1101-111 Financial Aid for College Students Many people say that they cannot attend college because they can’t pay for it. I can agree that college can be expensive, but there are plenty of ways to make college affordable. The average cost of a private, four-year College is well over $20,000 per academic year. (Scholarships.org, 1999-2011) Divide this figure in half and you have the average tuition for a public university; in half again, the still formidable tuition at a community college. (Scholarships.org, 1999-2011) This can be overwhelming to some people and be a stumbling block for furthering their education. There are ways to overcome this and be able to further your education. Most people think that they just have to fill out a financial aid form and then have to take out a loan for anything that is not covered with financial aid. With doing this people get the education they want but then have to work two or more jobs to pay back the loan. One way of overcome this is to do research. Parents who hope to afford college for their children when the time comes around are better off researching options than simply trying to save more money for education. (Insider, 2011) Having options will make it better to decide how much you will spend for college. For example, it may be cheaper to go to a community college than a university. Now that the research and financial aid is done you now know how...
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...Jessica Johnson Financial Aid Notes * How are you going to pay for college? * Average community college—2500 per year * Average 4 year college---7000 per year * Average private college (Millsaps)----26300 per year * Room and board are extra * You have to find the right types of financial aid available. You don’t want a loan if you could find free money. * Three basic categories for funding college * Loans * _Grants_ * Scholarships_ * _Loans________- what you get from a bank, credit union, of somebody else that must be paid back over a certain time period. * Three factors must be considered * _Principle- amount of loan * Interest- % paid over time * Term- length of time for which money is lent * Interest rates don’t always last the length of the loan * __Variable- Interest Rate Loans- interest rates rise and fall according to some index * _Deferred- Loans- you do not have to start paying it back until after you graduate. * Types of Loans * Stafford_- Loan- any student who is a half time student (6 hours) and a US citizen or permanent resident * 2 types * ___Subsidized_- awarded through college on basis of need and government pays the interest until you graduate * __Unsubsidized- no demonstration of financial need but the interest is accumulated and you will have to pay it starting when you...
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...DO YOU NEED MONEY FOR COLLEGE? Federal Student Aid at a Glance 2014–15 Page 1 of 2 WHAT is federal student aid? Federal student aid comes from the federal government—specifically, the U.S. Department of Education. It’s money that helps a student pay for higher education expenses (i.e., college, career school, or graduate school expenses). Federal student aid covers such expenses as tuition and fees, room and board, books and supplies, and transportation. Aid also can help pay for a computer and for dependent care. There are three main categories of federal student aid: grants, work-study, and loans. Check with your school’s financial aid office to find out which programs the school participates in. Details about the federal student aid programs are on page 2 of this document. HOW do you apply for federal student aid? 1. Complete the Free Application for Federal Student Aid (FAFSASM) at www.fafsa.gov. If you need a paper FAFSA, you can get one from • our website at www.fafsa.gov, where you can download a PDF, or • our ED Pubs distribution center at www.edpubs.gov or toll-free at 1-877-433-7827. For the 2014–15 award year, the FAFSA is available from Jan. 1, 2014, to June 30, 2015. But you need to apply as soon as you can! Schools and states often use FAFSA information to award nonfederal aid. Their deadlines are usually early in the year. You can find state deadlines at www.fafsa.gov or on the paper FAFSA. Check with the schools you’re interested in for their deadlines...
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