Sunday, April 11, 2010

Urgent Scholarship Deadline

The deadline for this one is tonight, BUT if your portfolio is in order, that shouldn't be a problem. It is the same format as the COD scholarship so you should be ready to go.

They are offering ten (10) $10,000 for 2 year students and twenty-five (25) $500 for two year students.

The contact is www.nscs.org/pearsonprize

Good luck!!

Wednesday, April 7, 2010

Need-based Institutional Grants and Scholarships

Need-based grants are awarded as one component of a student's financial aid award package, to students who lack the financial resources to cover the cost of attending college. Regardless of the type of educational institution, an inverse correlation generally exists between family income and the grant amount you receive. The lower your family's income, the more institutional grant funds you're likely to receive from the awarding institution.

The amount of grant money available varies from institution to institution and between institutional types. The Instituion for Higher Education Policy reports that in 1995-96, the average need-based grant aid amounts from all sources were ususally highest at private four-year schools and lowest at public two year institutions. However, the grants tended to fund about the same proportion of student expenses, with 30 percent covered at public two-year institutions, 29 percent at private four-year colleges and universities and 27 percent at public four-year schools.

Many institutions also have need-based scholarship programs, often funded by alumni or local services organizations. Contact your school for information and a scholarship application.

Merit-based Institutional Grants & Scholarships

A merit-based grant ort scholarship requires the demonstration of excellence in some area. Particularly high GPAs and SAT scortes are the most common mark of distinction and are the deciding factors for most merit-based awards. Additionally, discipline-specific, community service and skill-based awards may be offered. You could write an essay and win a school's writing competion, for example, and receive a grant or scholarship ffrom the English department.

Some of these funds are awarded to incoming feshman only but, others are open to students further along in their studies. All institutional grants and scholarships require that students be enrolled at the awarding institution. Merit-based grants and scholarships sometimes have a need-based component. For these, you have to exhibit exceptional performance in some area and have demonstrated financial need.

Top Sources of Free Money for College

The main sources of student grants (free money that does not need to be repaid) is from federal, state amd institutional. The avenue for the federal and state grants is through applying for FAFSA.

An institution awards grant and scholarship funds to students enrolled in that school. Institutional grants and scholarships do not have to be repaid and come in two varieties: merit-based and need-based.

Tuesday, April 6, 2010

Education Tax Credits

April 15th is just around the corner. Please be sure to claim either the American Opportunity Tax Credit, HOPE Scholarship or Lifelong Learning Credit. You can read about it in my March posts.

If you have a tax preparer, remind him/her. If you are filing your own taxes, become familiar with these wonderful education credits. Remember, it is not just receiving scholarships but, saving the money you have and applying for credits when you qualify.

Friday, April 2, 2010

Scholarship Class

I will return to campus on Tuesday, April 6th, therefore, there will be no class on Monday. Please use the time to catch up.

Thursday, April 1, 2010

Alternative Ways to Cut College Costs #5

Pay lower prices at out-of-state schools:
If you would like to attend an out-of-state college, but cannot afford the higher tuition, check out NATIONAL STUDENT EXCHANGE and WUE (Western Undergraduate Exchange).

Example:
If you are registered at CSU, San Bernadino, you could possibly study at the University of Hilo for a year.

Worth looking into if you need or want a change of pace.