Getting Financial Aid Part 1

Money matters

Going to college is expensive, but you do have some financial options. Generally, community colleges are the least expensive, followed by four-year public colleges, with the most expensive being the four-year private universities. Don’t rule out an expensive college of your choice until you have researched the array of financial aid options available to you. Most people will create their own financial aid packages that include dollars that their family can contribute, personal savings, awarded scholarships and federal loans.

What is financial aid?

Financial aid is monetary assistance that allows individuals to pay the costs of attending college when their own resources are not enough. Some aid, such as scholarships, does not need to be repaid, while other assistance, like loans, does need to be repaid.

There are four types of financial aid (Heath Resource Center, 2007):

1. Grants – Aid that generally does not have to be repaid.
2. Loans – Money borrowed to cover school costs, which must be repaid, usually with interest, over a specified period of time, typically after the student has graduated or left school. The interest on these loans is often reduced from general public rates.
3. Work-study – Employment that enables a student to earn money toward a portion of school costs during or between periods of enrollment. These usually on-campus positions are supplemented by the federal government. Students are awarded work-study positions through the Federal Student Aid application. However, a student must interview and be hired for each position that is worked.
4. Scholarships – Gifts and awards based on a student’s academic achievement, background or other criteria. Sometimes scholarships are one time only; others require the student to maintain a specific GPA to be entitled for renewal.

Online Resources - Scholarships

Scholarship Searches

FastWeb
http://www.fastweb.com/

Free Scholarship Search
http://www.freschinfo.com/

Scholarship Resource Network Express
http://www.srnexpress.com/

Scholarships.com
http://www.scholarships.com/

Peterson’s
http://www.petersons.com/finaid/

Online Resources - General/Financial Aid

General/Financial Aid

Mapping Your Future
http://www.mapping-your-future.org/

FAFSA on the Web
http://www.fafsa.ed.gov/

PIN Registration
http://www.pin.ed.gov/

U.S. Department of Education
http://www.students.gov/

The Financial Aid Information Page
http://www.finaid.org/

NCAA Guide for the Student Athlete
http://www.ncaa.org/cbsa

Black Excel: The College Help Network
http://www.blackexcel.org/

Hispanic Scholarship Fund
http://www.hsf.net/

Step #7: Paying for College

A college education costs quite a bit of money and is often one of the biggest expenses parents and college students have to incur. You can, however, receive help for college costs. This help comes in the form of grants, scholarships and student loans. While, it may take some time paying off a college degree, it is the finest investment anyone can make.

Step #5: Acing the SAT

There is only one way to ace these tests – prepare, prepare, prepare! Enroll your teen into an SAT preparatory class. Buy books and host study groups – complete with pizza. Allow your teen to take the test more than once. While a lower grade on these test will not keep your teen from attending college completely, a higher grade will get him into the college of his choice and can help with scholarship funding.

Getting Into College Overview

Getting a college degree is one of the best goals a teen can have. It is, however, also one of the hardest goals to achieve. Here are the steps you can take that will help you achieve the goal of going to college:

• Getting Into College Step #1: Make the Decision
• Getting Into College Step #2: Taking the Right Courses for College
• Getting Into College Step #3: Making the Grade
• Getting Into College Step #4: Choose Which Colleges to Apply
• Getting Into College Step #5: Acing the SAT and SAT II
• Getting Into College Step #6: Filling Out a Successful Application
• Getting Into College Step #7: Paying for a College Degree

Come back each day for another step...

Be a Smart College Consumer

Consider the following information about a school before you enroll:

• Keep copies of all forms that you submit to the school in a safe place.
• Read and be aware of the implications of all forms before you sign them. Remember -- loans must be repaid and grants are free.
• Financial aid applications are available starting every January 1 -- the earlier you apply for financial aid and scholarships, the more money you may receive.
• Notify your school and lender(s) of any changes in your name, address, or enrollment status.
• Ask for help when you need it. Write down the date and the name of the person who helped you.
• Have your academic and financial aid transcripts sent from the school that you previously attended to the school that you are going to attend.
• If you are denied admission to a college or financial aid, you can appeal. You may also decline any portion of your financial aid offer.
• If you have student loans, you must attend a financial aid exit interview.
• Be certain to contact your lender if you are having difficulty repaying your loans. They may allow you to postpone or reduce your payments.
• Be aware - fees are taken out of your student loans before any loan monies are disbursed.
• Depending on the cost of the school, all of your financial aid may be used to cover tuition and fees.
• Be familiar with the policies of the school regarding registration, withdrawals, refunds, and fee payments. This information can be found in your college catalog.
• If you plan to transfer to another school, you need to check with that institution to verify the acceptance of the credits you are now taking. Some schools participate in articulation agreements with other institutions to ensure smooth transfer for students.
• When the need arises, look for outside resources to help you understand the financial aid, admissions, and scholarship processes.
• Borrow only what you need. Be realistic about what you can repay when you graduate. A repayment calculator can help you decide how much money you can afford to borrow.

College Planning Tips for Underclassmen

As an underclassman in high school, you may not think that you have to start preparing for college until your senior year. However, getting a head start on the college planning process will ensure that you meet most of the requirements of college admission by the time your senior year rolls around. Follow these college planning tips to put you at the head of the game.

Freshmen
• Keep your grades up. While grades are not the only factor that colleges look at when admitting students, it is still a very important factor of college admissions. Be sure to study hard throughout your four years of high school.
• Register for appropriate classes. There are certain classes you have to take in order to be accepted into college, such as math, science, English, etc. Meet with your guidance counselor to discuss classes you should take in order to stay on the college-bound track throughout high school. Try to take as many challenging classes as possible, such as honors or advanced placements courses. Not only will this look good on your college applications, but you may even gain college credit for taking AP courses.
• Get involved in extracurricular activities. By being involved in extracurricular activities, colleges will see that you are a well-rounded student. During your freshman year, find a few activities that you have a genuine interest in and stick with those activities throughout high school. Try to be fully involved in a few activities rather than be slightly involved in a lot of activities.

Sophomores
• Plan your finances. The earlier you start planning for the financial obligations of college, the better prepared you will be when you actually have to start paying for it. Try to get a job during the summer, so you can save your earnings for college costs. Begin to research scholarships and student loans now too; remember to compare lender benefits when researching student loans.
• Research colleges and careers. Start researching colleges and career options as early as possible so you will have some ideas for a major. Click here to get started on your career exploration.
• Practice taking college entrance exams. If you practice taking college entrance exams, such as the PSAT, ACT, etc., during your sophomore year, then you will know what to expect and be better prepared for the real tests when you have to take them during your junior year.

Juniors
• Attend college fairs. By attending college fairs, you will have the opportunity to meet with a variety of college recruiters to discuss campus atmosphere, admissions process, etc. Take a copy of your resume to hand out to college recruiters at the fair.
• Take college entrance exams. In the fall of your junior year, take the PSAT to establish eligibility for scholarships. In the spring of your junior year, take the SAT/ACT. Check with your intended college(s) about which test they prefer. Consider taking Advanced Placement Exams or the CLEP tests, if applicable. This may save you time and money by testing out of college courses you won't need.
• Visit college campuses. Once you have narrowed down your choices for post-secondary schools, you should begin scheduling campus visits for the final schools on your list.
• Research/apply for scholarships. Throughout your junior year, focus on researching scholarships. You should begin applying for scholarships the summer after your junior year, especially if deadlines are in the fall.

By taking steps to plan for college during your freshman, sophomore, and junior years of high school, you should be well prepared to apply to the college/university of your choice by your senior year.

College Planning For the First in the Family

For students who are first in the family to attend college, the planning process can be particularly emotional and challenging. Several resources exist to help first families throughout the decision-making process. Family Firsts, a series of booklets from ACT, was created for first-generation college students and their families to assist with college planning. To access the booklets, visit www.act.org/path/secondary/resources.html.

A key to the process is learning about the college planning calendar. Most two-year and four-year schools follow approximately the same admissions schedule. ACT offers online checklists for keeping all students on track to a college education. Visit actstudent.org to see the steps you should be taking in each year of high school.

Many potential first generation students and their families believe that funding is unattainable. However, several websites are available to help explain financial aid and other resources for paying for college. Learn more by visiting:

• www.studentjobs.gov/e-scholar.asp – A list of federally funded scholarships, fellowships, grants and internships geared to high school, undergraduate and graduate students.
• www.fafsa.ed.gov – The Free Application for Federal Student Aid (FAFSA) website. This is where you start when you are ready to apply for financial aid.
• www.eCampusTours.com/payingforcollege/default.htm – Features a free scholarship search as well as information on grants, scholarships, savings programs, and loans.
• www.act.org/fane – A financial aid need estimator.
• www.hsf.net – A Hispanic Scholarship Fund website that features scholarships for Hispanic students and research reports on the education of Hispanic students.
• www.studentaidalliance.org – Student success stories and descriptions of need-based financial aid programs.

Tips for First Generation College Students

Being the first person in your immediate family to attend a postsecondary institution may seem daunting. Without help from family members, you may not even know where to begin the college planning process, much less know what to expect once you get to college. The following info should give you a better understanding of the postsecondary route and help ease your anxiety of being a first generation college student.

College Planning

Planning for college is often more difficult for first generation college students because they probably don't have assistance from a knowledgeable family member. If you need help with the college planning process, here are some tips:

Get acquainted with your high school counselor. As someone who wants to be a first generation college student, you will need a lot of help from your school counselor. Throughout your four years of high school, your counselor will be there to answer any questions about the different aspects of college planning, so be sure to utilize him or her as a valuable source.

Look for outreach programs that can provide mentoring services to help you prepare for college. Your high school may even offer this service as an after-school program.

Get your parents involved in the college planning process. Since planning for college will be a new experience for them as well, you should try to keep them informed about what needs to be done. Encourage them to meet with your high school counselor too. Often, a parent's biggest concern is how to pay for college, so try to get your parents to attend a financial aid workshop in your area. Keep in mind that if you are a dependent student, your parents will have to sign the FAFSA (Free application for Federal Student Aid) in order for it to be processed. The FAFSA is the form you and your parents must fill out in order for you to be eligible for state and federal financial aid. It is very important to fill this form out as soon as possible after January 1st of your senior year of high school. And remember: you must reapply for financial aid as soon as possible after January 1st each year that you are in college by filling out a renewal FAFSA.

Stay on track. Make sure to do each of the following so you stay on the postsecondary path:
• Register for appropriate classes. Meet with your school counselor during your freshman year of high school (preferably earlier) to discuss what classes you should be taking for all four years.
• Keep your grades up.
• Get involved in extracurricular activities.
• Research colleges and careers.
• Take the PSAT.
• Take the SAT and/or the ACT.
• Attend college fairs.
• Visit college campuses.
• Attend a financial aid workshop.
• Research/apply for scholarships.
• Submit your college admissions applications. Watch out for deadlines.
• Submit the Free Application for Federal Student Aid (FAFSA) as soon as possible after January 1st of the year for which you are requesting aid.
• Review your financial aid award letter and accept the awards you would like to receive.

Helpful Website for Your College Planning 4 of 5

Planning for college can be overwhelming. Where do you even begin? Here are some helpful websites that should make planning for college a little easier.

NCAAClearingHouse.net

The NCAA Clearinghouse is an organization that clears athletes for initial eligibility in NCAA division I and II athletic programs. If you are a student-athlete who wants to compete at collegiate level, you must complete registration with the NCAA Clearinghouse. Review the eligibility brochure and then visit ncaaclearinghouse.net. Click on the link for prospective student-athletes and follow the directions for registration. This section will list steps that you need to take throughout high school in order to compete in athletics at the collegiate level.

For more information about planning for college, please contact your high school counselor or an expert, like me.

Helpful Website for Your College Planning 1 of 5

Planning for college can be overwhelming. Where do you even begin? Here are some helpful websites that should make planning for college a little easier.

eCampusTours.com

Obviously you are somewhat familiar with eCampusTours.com since you are reading this article, but you may not know about all the resources this site has to offer. All of our services are completely free of charge, and we don't distribute your information to any companies or schools unless requested by you. Just register for an account to enjoy the full benefits of this site:

• Virtual tours. eCampusTours features 360° x 360° virtual tours of over 1,300 college campuses. From dorm rooms to classrooms, these tours allow you to see what college life is really like. If you like what you see in the virtual campus tour, you can search the college website, contact the college's admission office, or save the virtual college tour in your eCampusTours portfolio.
• Book-It-Now. You can schedule actual campus visits online with participating schools via Book-It-Now. Just search for the school to see if it has the option for online scheduling.
• Edadvisor. A monthly college planning e-newsletter, Edadvisor features articles about choosing a college, student financial aid, campus life, career exploration, student loans, scholarships, and more. It also provides monthly reminders for high school and college students.
• Scholarship opportunities. eCampusTours offers a free scholarship search to help you find money for college. You can also register for our $1,000 scholarship giveaway.

College funding guide. You can download a copy of "How to Get Money for College" and get updated financial aid information about Federal Pell Grants, amounts of aid, state aid, veteran affairs, vocational rehabilitation, student loan deductibility, and more.

For more information about planning for college, please contact your high school counselor or an expert, like me.

Balance and Prioritize

Part of going to school is to make sure you learn how to balance your school activities and your club or athletic activities. Knowing how to manage your time will make it easier for you to handle other areas of your life as well, especially when you finally enter the “real world.” Here are simple tips to help get your life organized:

Decide early on, even before the start of the school year, which activities you would be involved in – such as clubs, varsity teams, or if you want to work part time somewhere. This will help you prioritize activities – but remember, the most import thing should always be your studies.

Try not to have too much on your plate. Be realistic about what you can and what you can’t do with your time. Sure, you would like to do all the stuff you want, but there is such a thing as spreading the butter too thin. You might end up not giving 100 percent of your abilities, or you might compromise one activity because you have to do another. There might be some stuff that you can postpone for another year. Again, the key here is to learn how to prioritize. Do stuff that would benefit you long-term.

Once you’ve decided what you will be doing for the rest of the year, make a schedule of your schoolwork and your extracurricular activities as you get them. To help with this, it is always best to keep a calendar, or a daily planner. You can even utilize a corkboard or a white board in your room. Write down important deadlines and dates. Remember to check these every day.

Tips for Paying for College

Getting admitted to your choice college is only half the battle; the other half is figuring out how to pay for it. The competition for resources can be stiff, especially in tough economic times. The most important rule to planning so that you can take advantage of financial aid is to start early.

1. Start researching aid possibilities sooner rather than later. The competition for aid increases when the economy is weak. Those who plan ahead for the aid process will do much better than those who procrastinate and miss deadlines.

2. Take steps that improve your aid eligibility. For example, if someone in your family has lost a job, avoid the temptation to spend any assets in the retirement plan. In addition to the likely early distribution penalties and additional income taxes, the higher income will reduce your aid eligibility.

3. Apply for financial aid no matter what you think of your financial circumstances — good or bad. Applying by the priority deadlines, even if you think you won’t qualify, will help you if your finances take a turn for the worst. Some schools will only accept requests for reconsideration due to a decline in income from those students who filed for aid on time — even if they were turned down initially.

4. You should still not initially rule out any school as being too expensive. Many colleges — especially the private ones — have increased their aid budgets to attract applicants whose families are now more price resistant given the state of the economy. But have a back-up plan in case the aid is not enough to attend those pricier schools. Most likely this will mean also applying to a public institution in your home state and/or any school where the student can live at home instead of paying for room and board.

5. Pay less for a four-year degree. One way you can save on costs if you attend a community college for two years and then transfers to a pricier school for his or her remaining two years. However, be sure that the college where you want to transfer will accept the credits from the community college.

6. Take as many AP courses as reasonably possible and prepare yourself well for the AP exams. High scores on AP exams can save considerably on college tuition. Many colleges award course credits for them, which can reduce the amount you need to pay in tuition.

7. Apply strategically to colleges. If you exceed the school’s admission criteria, you are much more likely to get a better aid package than a marginal applicant. Be sure to prepare for the standardized tests like the SAT or ACT.

8. Be realistic about how much debt you and your family can incur, given the starting salaries for your probable major and career path.

9. If you have to borrow, pursue federal loans first and avoid having taking private loans at all costs.

10. If your circumstances have a taken a turn for the worst, request additional aid. But expect that the college may require considerable supporting documentation.

Questions to Ask Your School Counselor – Part 2 of 2

More questions to ask your counselor:

14. What clubs and sports are available for students here?
15. What kinds of grades do different colleges require?
16. Are there any college fairs at this school, or nearby?
17. Where do other students from this school attend college?
18. What are the requirements or standards for the honor society?
19. Can you put me in touch with recent grads who are going to the colleges on my wish list?
20. Do you have any information to help me start exploring my interests and related careers?
21. If my colleges need a recommendation from you, how can I help you know me better, so it can be more personal?
22. Are there any special scholarships or awards that I should know about now, so I can work toward them?
23. Can I see my transcript as it stands now, to see if everything is as I think it should be?
24. Do you have any forms I need to apply for financial aid?
25. How does our school compare to others, in terms of test scores and reputation?

Reality Check

Your school counselor (or even a private counselor) may be the most wonderful and accessible person on the planet, or may be juggling a thousand students and barely know your name. So remember that the person who has the biggest stake in your academics is you. It’s up to you to stay on top of opportunities and deadlines, to take control of your future.

How Some Colleges Deceive Students and Parents

As fall begins, two million students and their families start to make one of life’s most critical decisions: picking a college.

Alas some colleges, even some reputable ones, don’t make the process easy.

DECEPTION: BURIED INFORMATION. Some colleges hide such information as their full published cost of attendance or their four-year graduation rate. The unfortunate truth is that the median four-year graduation rate at four-year colleges is just around 40 percent. The rate at many colleges, including some well-known public universities is even under 10 percent!
SOLUTION: Every college’s 4- and 6-year graduation rate and other key information are at http://nces.ed.gov/globallocator.

DECEPTION: OFFER MAJORS THAT APPEAR TO LEAD TO A COOL CAREER. For example, some colleges offer enticing majors such as journalism, but fail to mention
that students may only enter the major after their sophomore year and, even then, competition may prohibit some students from being admitted to the major. Or a college withholds the fact that most of that college’s graduates never earn enough from journalism to even pay back their student loans.

SOLUTION: Contact the college’s career center and ask, “If I am admitted to the college, am I admitted to the major?” Also ask, “What percentage of graduates in (Insert major) are professionally employed within six months of graduation?”

DECEPTION: LIE WITH STATISTICS #1. For example, the University of California proclaims that half its classes have 20 or fewer students. The problem is that few students take those small classes, for example, Advanced Greek. The commonly taken classes typically have 100 to 500 students.

SOLUTION: Don’t sign on the dotted line until you’ve asked students or at least the admissions office, “How many students are in commonly taken classes such as calculus or 20th century literature?”DECEPTION: LIE WITH STATISTICS #2: Be wary of colleges that say things like, "Ninety eight percent of qualified pre-med students get into medical school." A college may well only “qualify” those students who are a sure bet for admission, with the vast majority of pre-meds being deemed “unqualified.”

SOLUTION: Ask the program’s department chair: “Of every 100 students who start out pre-med (or pre-law) what percent end up actually attending medical (or law) school?”

DECEPTION: THE GLOSSY BROCHURE: Beware of colleges that have fancy brochures or web pages touting their, say, pre-med program. A slick presentation does not a good department make.

SOLUTION: Sit in on an advanced class in that program. After class, ask the students how they liked the program.

DECEPTION: THE SCHOLARSHIP SCAM: A college gives you a scholarship. You say, "Wow, I'll go there; they want me." In actuality, most or all freshmen may have received the same scholarship. Many colleges reduce the sticker price of attendance for most students in hopes that students are lured to the college by the "honor" of receiving a scholarship.

SOLUTION: When you receive your financial aid packages, compare the cash dollars you’ll have to come up with and the amount of loan you’ll have to repay. Those are the only numbers that count.

DECEPTION: THE DRUG-DEALER APPROACH TO FINANCIAL AID. A college gives a student a big discount in the first year, but thereafter, knowing the student is hooked, raises the price. A college may even guarantee “the same amount of aid for four years,” but fail to mention that more of the aid will be loan not grant, or that the aid won’t be increased to reflect the inevitable cost increases during the four years. Not to mention what would happen in years five or six?

SOLUTION: Before agreeing to send your child to a college, ask the college's financial aid officer, “If our family’s financial situation stays the same, in years two through four, and if necessary year five, can we count on getting the same percentage of our unmet need met and in the same ratio of grant to loan?” Get it in writing.

DECEPTION: THE WAITLIST SCAM. A college deliberately admits too few students and puts many students on the waitlist. It's human nature to want what you don't yet have, so waitlisted students who are subsequently offered admission are more likely to accept a weak financial aid package. Colleges with insufficient on-campus housing use the same technique, offering admission to waitlisted students who would be willing to live in substandard housing.

SOLUTION: Don’t accept a too-low financial aid package. And before signing on the dotted line, ask what housing you will be guaranteed, and for how long. Get it in writing.

We tend to view colleges in awe, as beneficent nonprofit icons. Alas, too many of them act like businesses, sleazy or not... That’s called Academic Capitalism, and it is a subject for another day.

How to Get Better Grades – Part 3 of 5

The Final’s Coming Up! Top 9 Ways to Study the Right Thing and Remember it:

9. Ask the teacher what to focus on in studying for the test. I like this wording: “Any suggestions as to the wisest approach to studying for the exam?”

8. Ever read something for ten minutes and then realize you don’t remember a single thing you read? Here's a sure-fire preventative. Read only one paragraph, then turn away and recite what you remember. If you've left out something important, say it aloud and, in the margin, bracket that part so you can reread it just before the test.

7. Even easier, when you feel yourself spacing out, read the important stuff aloud. It’s hard to space out while reading aloud. Also you’ll remember it better because reading aloud makes you go slowly and because it enables you to hear your voice at the same time as you’re seeing the words.

6. If you don’t understand a section, reread it only once. If you still don’t understand it, just mark it with a question mark and go on. Staying stuck is frustrating. When you’ve finished reading, call a friend (poll the audience, or 50/50) or ask the teacher about your question marks.

5. Pace the floor while studying hard stuff. Walking increases circulation to the brain.

4. Use different highlighters for different stuff. Try bright orange for the material most likely to be on the exam and yellow for other stuff worth highlighting. Not only does this keep you awake, the color is a memory jogger. Rule of Thumb: Never highlight more than 1/3 of the material. A totally yellow book isn’t going to help you.

3. For memorization tests, make flash cards. So, for example, if you’ll need to memorize the symbols in the Periodic Table of the Elements, write, for example, gold, on one side of the card and AU (the symbol), on the back. Just in making the flashcards, you’ll be learning the stuff.

2. Meet with one, two or three study partners. Take turns asking your partner(s) questions you think could be on the test. But choose your study partners carefully. I remember a study group in which we spent most of the time fooling around or helping the girl who didn’t prepare for the study group.

1. Create a pretend crib sheet. Imagine that the teacher allowed you to bring one sheet of paper of notes into the exam. What would you write? (small handwriting permitted.) Right before the exam, study just that sheet.

TIP: Sometimes, location matters. Can't study in that madhouse you call your home? How about the library? A cafe? Your friend's house - yeah, right.

TIP: Music on or off? Shania Twain can, for some kids, be an excellent study buddy. For other kids, Shania will get you groovin' but not on Algebra 2. How about you?

TIP: Need a loving taskmaster? Sometimes, knowing you have to check in daily with your tough-love Aunt Edna can help you toe the line.

TIP: don’t get stuck on playing online games or checking your social network sites. That will all be there tomorrow. It can be a huge distraction that can cause you to sit down at the computer and not realize that 3 or 4 hours just went by.

The Truth About College Costs

The middle class is caught in the middle. The rich can afford colleges' big sticker price and the poor get generous financial aid. But how much money are we really talking about? I know it varies from state to state, but assuming you plan on attending a public university (or reasonably priced privet – yes, they do exist)

Average College Prices 2009-2010 School Year:

Public four-year $7,020 (up 7.5 percent from last year)

On the 4 year plan that’s $28,080 just for tuition and fees…

Students spend an average of about $3,200 on books in those 4 years, and transportation, room and board can add about $4,800 a year (more or less depending on region, housing situations, and spending habits)

That’s a low book average of just about $51,000 for a four year degree.

Now, don’t freak out (I can hear the cries of “we could never afford that” from all the parents), consider the following details:

Did You Know That...

32 percent of full-time students enrolled in public four-year colleges and universities attend institutions that charge tuition and fees between $3,000 and $6,000.

More than $168 billion in financial aid is available to students and their families.

About two-thirds of all full-time undergraduate students receive grant aid. In 2009-10, estimated aid in the form of grants and tax benefits averaged about $5,400 per student at public four-year colleges.

What's there for the middle class? One option: try for scholarships awarded by non-profits and wealthy individuals. This is good for all levels of economic status, but the middle class tend to need it most. Don’t ever pay for access to scholarship database or website. Remember if they ask for money, then they want yours and are not giving it away (scams are everywhere – it is really easy to make a credible looking and sounding website considering that it is an issue that effects millions every year).

Access huge databases of possible scholarships and grants free at websites like: collegeispossible.com, scholaraid.com, freschinfo.com, collegenet.com, salliemae.com, and srnexpress.com. On each site, you’ll answer questions and receive a list of relevant or possible target scholarships. Competition for such scholarships is always fierce so unless you’re a star or and “underrepresented” minority, it’s only worth applying for perhaps your ten best shots. Don’t waste time or get your hopes up too much.

The real cost of that degree after financial aid opportunities (not including the actual value of what was learned, the experiences, friends and connections made, and the fact that you can sell back the text books once your done) is somewhere around that original figure of $28,000. That’s not bad, considering the average wage right out of college across various occupations is about $31,000 and that’s just entry level jobs…