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Showing posts with label net cost. Show all posts
Showing posts with label net cost. Show all posts

Wednesday, November 16, 2011

368. College Access and Success News



Here are links to recent news on college access and success.
by
Joe Rottenborn
Executive Director, Mahoning Valley College Access Program (MVCAP)





1. Read The Joe Rottenborn Daily on


2. Only One in Three Full-Time Students Pays Full Tuition, by Rebecca R. Ruiz: http://nyti.ms/vuXtgU - "In a piece entitled, “College Is Cheaper Than You Think,” Ms. Scott-Clayton, an economics professor at Columbia University, asserts that a school’s sticker price, ever-rising, carries little meaning. She notes that only one-third of full-time students pay a college’s published price, writing: 'For the average full-time student, net tuition – which subtracts grants and tax-based aid – is less than half of the published price at private nonprofit four-year schools and less than a third of the published price at the typical public four-year institution.'"


3. Judith Scott-Clayton: College Is Cheaper Than You Think: http://nyti.ms/vM7IGE - "After accounting for this assistance, net tuition and fees in the public four-year sector, at $2,490, are only $170 higher today (in constant 2011 dollars) than they were five years ago. At private nonprofit four-year institutions, net prices are $500 lower than they were five years ago. And at community colleges, the average student actually faces a negative net price – meaning they receive about $800 more in aid than they are charged in tuition and fees."


4. Part 3: Answers to Your Questions on Scholarships and Student Loans, by Mark Kantrowitz: http://nyti.ms/w1ke0x - "One of the best strategies for cutting college costs is to send your children to an in-state public college. According to the College Board’s Trends in College Pricing2011, the average published charges for tuition, fees, room and board at an in-state public four-year college in 2011-12 is $17,131. This is much less than the $29,657 average for out-of-state public four-year colleges and the $38,589 average for private non-profit four-year colleges. Even if you get no financial aid, you will still save money at an in-state public college. Many public colleges are high quality, yielding an excellent return on the investment in your child’s future."


5. Tax credits for tuition growing rapidly, by Libby A. Nelson Inside Higher Ed: http://bit.ly/toF6Mt via AddThis - "When the American Opportunity Tax Credit took effect in 2009, the tax savings claimed by students and families for college expenses more than doubled, climbing from $6.6 billion to $14.7 billion, according to the College Board’s Trends in Student Aid 2011 report last month. The explosive growth of Pell Grants in the same time period generated discussion, debate and an uneasy consensus that the $37 billion program is unsustainable in its current form. The parallel climb in spending on tax credits has attracted little notice."


6. Annapolis Group survey finds high satisfaction among liberal arts college graduates, by Kevin Kiley Inside Higher Ed: http://bit.ly/w0zs3I - "According to the results, 77 percent of alumni from liberal arts colleges rated their undergraduate experience “excellent,” compared to 59 percent of alumni from private universities and 56 percent from the top 50 public universities. Graduates of Annapolis Group member institutions also reported that their college experience made them better prepared for life after college, career changes, and graduate school than did alumni from other sectors. They also reported being as prepared for their first jobs as alumni from other institutions."


7. Erroneous Pell Grant Payments in 2011 Total $1 Billion Inside Higher Ed: http://bit.ly/syimSh via AddThis - "The Obama administration credits the drop to new measures that linked the Free Application for Federal Student Aid to Internal Revenue Service data, making it less likely that information about students' family income would be entered improperly."


8. No More Excuses: We Can Get All Children Reading, by Robert Slavin - http://blogs.edweek.org/edweek/sputnik/2011/11/no_more_excuses_we_can_get_all_children_reading.html via @educationweek - "The latest NAEP results, released this month, remind us that there are far too many children who do not read well, that disadvantaged and minority children are overrepresented among poor readers, and that the inequalities in academic outcomes by race and class--our most serious social as well as educational problem--begins with reading inequalities in the early grades. Everyone knows that children who don't read well will incur huge expenses over time in remediation, special education, repeated grades, and ultimately delinquency, dropout, and unemployment."


9. 11 States Seek Relief From ‘No Child’ Provisions, in Return for Raising Standards, by Sam Dillon: http://nyti.ms/u5sJqw - "Colorado, Florida, Georgia, Indiana, Kentucky, Massachusetts, Minnesota, New Jersey, New Mexico, Oklahoma and Tennessee asked the department for relief from some No Child provisions, including the requirement that all students be proficient in English and math by 2014."


10. Penn State case presses others on abuse laws, by Marisol Bello and Greg Toppo – http://usat.ly/s1cA1d via @USATODAY - "A key issue likely to be debated in state legislatures is whether reports should go straight to police, and whether new laws are needed to shore up vague guidelines and polices about child safety on campus."


11. Are the SAT and ACT to blame for the inferiority of U.S. schools? by Jay Mathews - http://www.washingtonpost.com/blogs/class-struggle/post/admissions-101-are-the-sat-and-act-to-blame-for-the-inferiority-of-us-schools-compared-to-those-finland-japan-singapore-and-shanghai/2011/11/14/gIQAHKAiMN_blog.html?tid=sm_btn_twitter via Washingtonpost.Newsweek Interactive - "Unlike the SAT and the ACT, the content of the entrance exams in these countries is controlled by the universities and is closely tied to the content of the courses given in senior high school grades. Usually the exams must be scored by human beings since they are full of essay questions."

Wednesday, May 11, 2011

253.Unstack the Odds--GO TO COLLEGE: LINKS




Unstack the Odds: Help All Kids Access College—and Graduate!

by
Joe Rottenborn
Executive Director, Mahoning Valley College Access Program (MVCAP)
20. GO TO COLLEGE: LINKS


Here are some more links to articles of interest, drawn from the Mahoning Valley College Access Program (MVCAP) blog, with the original posting number shown.


Cost (continued):


58. Shopping for Student Loans
Before a student takes out loans to pay for college, he or she and their family should investigate available options. Specifically, they should consider the kinds of loans offered as well as interest rates and repayment obligations. To become aware of these possibilities, read the blog-post by Lynn O'Shaughnessy entitled "Find the Right Student Loan" at this link: http://moneywatch.bnet.com/saving-money/blog/college-solution/find-the-right-student-loan/371/?tag=col1;blog-river


59. How Much Should a Student Borrow for College?
A question students ask in regard to college loans is "How much should I borrow?" With the hazards of loan-debt so publicized today, this is an important question to ponder. Lynn O'Shaughnessy addresses this issue in her blog-post "College Debt: Don’t Borrow More Than $27,000" at this link:http://moneywatch.bnet.com/saving-money/blog/college-solution/college-debt-dont-borrow-more-than-27000/1521/?tag=col1;blog-river


60. How Much Should Parents Borrow for College?
Even after considering all elements a student may receive in his/her financial-aid package, they may still need more money to pay for a particular college or university. In that case, parents often consider taking out loans to assist their child. However, how much parents should borrow is often not addressed. Lynn O'Shaughnessy confronts this issue in her blog-post "College Loans: How Much Should Parents Borrow?" at this link: http://moneywatch.bnet.com/saving-money/blog/college-solution/college-loans-how-much-should-parents-borrow/1510/?tag=col1;blog-river


61. Do Many Students Take Out College Loans?
Borrowing to pay college expenses is becoming a necessity for more students. The percentage of students who have college loans is growing, as Lynn O'Shaughnessy discusses in her blog-post "The Soaring Popularity of College Student Loans" at this link: http://moneywatch.bnet.com/saving-money/blog/college-solution/the-soaring-popularity-of-college-student-loans/545/?tag=col1;blog-river


62. Discounts for College Tuition
Many private colleges and universities give students a cut in the price they must pay to attend. This practice, called "discounting," comes through the financial-aid package granted--which may amount to several thousand dollars and can enable a student to afford that school. The extent of these discounts and reasons for them are addressed by Lynn O'Shaughnessy in her blog-post "College Tuition: Schools Cutting Prices at Historic Levels" at this link:http://moneywatch.bnet.com/saving-money/blog/college-solution/college-tuition-schools-cutting-prices-at-historic-levels/1905/?tag=col1;blog-river


63. Unusual Scholarships
From time to time, you'll hear someone say this: "There are lots of scholarships out there!" Unfortunately, many of them stay out there--rather than in some student's pocket. Nonetheless, there do exist scholarships that are, in fact, awarded for unusual reasons--sometimes, unrelated to academics. Jilian Mincer wrote in The Wall Street Journal of April 16, 2010, about such scholarships in an article entitled "If You're a Tall Vegan Named Zolp, Your Tuition Worries Are Over." You can read her account at this link: http://online.wsj.com/article/SB10001424052702304198004575172073856320424.html?KEYWORDS=If+you%27re+a+tall+vegan+named+zolp


64. Who Borrows the Most?
Borrowing for college is an important issue today, as student loan-debt increases--sometimes to scary levels. To read a report by Sandy Baum and Patricia Steele for The College Board entitled "Who Borrows Most? Bachelor's Degree Recipients with High Levels of Student Debt," click this link:http://advocacy.collegeboard.org/sites/default/files/Trends-Who-Borrows-Most-Brief.pdf




69. Government or Private Loans?
Students and their parents who need to borrow to pay for college should research their options for loans--specifically, whether they are better off taking out federal student loans or private loans. More than simply interest rates and terms of repayment are involved in this consideration. To see some comparisons between government and private loans, read the post by Sandra Block on May 4, 2010, in USA Today at this link:http://www.usatoday.com/money/perfi/columnist/block/2010-05-04-yourmoney04_ST_N.htm?loc=interstitialskip


71. Still Need Money For College?
If you're still seeking money to pay for college, read Kim Clark's "11 Steps to Raise Last-Minute Cash for College," posted April 29, 2010, at the US News & World Report online site; just click this link:http://www.usnews.com/articles/education/paying-for-college/2010/04/29/11-steps-to-raise-last-minute-cash-for-college.html


73. Plan B
Sometimes, a student's college plans fall through--because of finances, an emergency in their family, or other reasons. Then, he or she needs a Plan B--to still attend college, though under different circumstances, perhaps, than they had previously envisioned. If that's your situation, you may be interested in reading the May 6, 2010, post "When college dream derails, time for Plan B," by William Hageman in the Chicago Tribune, at this link: http://www.kansascity.com/2010/05/05/1927547/when-college-dream-derails-time.html#ixzz0nGnv7O3M


78. Interest Rates Vary for Private Student Loans!
Students--and their parents--often have to borrow money to pay for college. Despite taking out all federal student loans for which they qualify, some still consider private student loans. To get the best (lowest) rates of interest on these loans, shop around! In a blog-post, dated 5/14/10, Lynn O'Shaughnessy states: "The interest rates that lenders offer on private student loans are wildly different even for borrowers with the same credit scores." To read her entire post, click this link:http://moneywatch.bnet.com/saving-money/blog/college-solution/private-student-loans-the-good-bad-and-ugly/2078/?tag=col1;blog-river


80. How to Get More Financial Aid
Perhaps the most frequent question students and parents ask about paying for college is "Do you know of any scholarships out there?" What they're really wondering is how can I get more--and pay less--to attend college. Financial aid can help. But to maximize a student's financial-aid package, some tips may be useful. Jane J. Kim wrote an article in The Wall Street Journal on May 22-23, 2010, that offers such advice; you can access it at this link:http://online.wsj.com/article/SB10001424052748703612804575222303415618316.html


81. Athletic Scholarships Can Be Revoked.
What many student-athletes and their parents often don't realize is that Division I "full-ride" scholarships can be revoked after one year. This revocation can cause students to have to "walk on"--or, if they decide to, transfer to another institution. For more information, click this link to an article by Alan Scher Zagier on The Huffington Post: http://www.huffingtonpost.com/2010/05/24/revoked-scholarships-surp_n_586854.html


If you accept federal student loans, you're obligated to repay them--whether you graduate from college or not. Consequently, you should limit the amout of loan-debt you acquire. For information on repaying your federal loans, see this article, dated May 25, 2010, by Sandra Block in USA Today, at this link: http://www.usatoday.com/money/perfi/columnist/block/2010-05-25-yourmoney25_ST_N.htm?loc=interstitialskip


84. Sticker Price vs. Net Cost of a College
Often, students and parents are scared off from applying to a particular college or university because it seems high-priced. Rather than focusing on the stated "sticker price," however, a prospective applicant needs to determine their own "net cost"--that is, what they would have to pay after all financial aid for which they are eligible has been deducted from the published cost of attendance (i.e., "sticker price"). To read Lynn O'Shaughnessy's post on this issue, click this link to her blog:http://moneywatch.bnet.com/saving-money/blog/college-solution/biggest-financial-aid-myth-i-cant-afford-this-college/2143/?tag=col1;blog-river


85. Federal Direct Loan Program
The Health Care and Education Reconciliation Act of 2010, which takes effect July 1, 2010, requires that all federal student loans be offered through direct lending rather than from private lenders. Government fees previously paid to lending banks are to be used to expand the federal Pell Grant program, raising the full grant-award to an estimated $5,975 by 2017. To read an explanatory article, dated May 26, 2010, by Caralee Adams in Education Week, click this link:http://www.edweek.org/ew/articles/2010/05/26/33college.h29.html?tkn=UXUFeF%2Bl%2BNo%2BoNZRjwa8Sz4pGgHC6QMrLm8o&cmp=clp-edweek


86. Who is to Blame for Student Loan-Debt?
When a student graduates from college with a huge loan-debt, people may ask: "Who is to blame?" You can decide responsibility after reading this case study by Ron Lieber in The New York Times of May 29, 2010, at this link:http://www.nytimes.com/2010/05/29/your-money/student-loans/29money.html?hpw


97. New Rules on Federal Student Loans
Effective July 1, 2010, new rules go into effect for those taking out federal student loans. Now, only the U.S. Dept. of Education will offer these loans. In addition, interest for subsidized Stafford loans will decrease to fixed rate of 4.5% for undergraduates. The federal Parent Loan for Undergraduate Students (PLUS) will have a fixed rate of 7.9%. For other information on these loan changes, see the article "Student Loans Get a Makeover," by Jane J. Kim in The Wall Street Journal of July 3-4, 2010, at this link: http://online.wsj.com/article/SB10001424052748704334604575338883122321008.html
98. Yearly Cost of College Per Student


The cost per year to educate a college student can be expensive. And that cost varies, depending on the type of educational institution. For example, U.S. community colleges spend almost $10,000 per year, while private research universities spend $35,000 per year; the average cost in the United States is about $19,000 per student. For these and other data, see the article "Share of College Budgets For Recreation Is Rising," by Sam Dillon in The New York Times of July 10, 2010, at this link:http://www.nytimes.com/2010/07/10/education/10education.html?ref=tuition



Monday, October 4, 2010

101. MVCAP fyi

See free MVCAP e-books on college admissions and financial aid for sharing, printing, and downloading at our online resource library: http://fb.me/HOUIYNqq

1. Here's What Will Revolutionize Higher Education http://t.co/pghC9Ir

"What is this game changer? Here’s the short answer: a cost calculator that families will use to determine what the price of a particular college will be for a specific student. I know that hardly sounds sexy, but it will be revolutionary. I happen to believe this and it’s also the conclusion of a new white paper relea...sed by Maguire Associates, a higher-ed consulting firm."

2. RT @USATODAY Can an online degree help advance your career? http://usat.me/40410834

"Only about half of respondents to a Society for Human Resource Management survey this summer said online degrees are just as credible as traditional degrees. The human resource professionals also said online credentials were less acceptable for higher-level positions; just 15% said online degrees were acceptable for an executive position."

3. Peering Behind the Financial-Aid Curtain http://chronicle.com/blogPost/Peering-Behind-the/27367/

"A big part of the problem, Mr. Perez and his co-presenters agreed, is that colleges don't tell prospective families or counselors enough about how they distribute aid." I think most admissions officers, frankly, try to avoid or minimize talking about financial aid," said Mary Hill, co-director of college counseling at St. Paul Academy and Summit School, in Minnesota."

4. A College Turns to Tactics as Its Strategy Forms http://chronicle.com/blogPost/A-College-Turns-to-Tactics-as/27364/

‎"Drury, which is in Springfield, Mo., attracted prospective students from across the country. After traveling to the campus, their first stop at Drury would usually be the bathroom. And the bathrooms were not pretty, Ms. Hiles said. She had them refurbished. The admissions office was in a converted building, and was un...attractive. So Ms. Hiles had Drury build a welcome center."

Wednesday, May 26, 2010

84. Sticker Price vs. Net Cost of a College

Often, students and parents are scared off from applying to a particular college or university because it seems high-priced. Rather than focusing on the stated "sticker price," however, a prospective applicant needs to determine their own "net cost"--that is, what they would have to pay after all financial aid for which they are eligible has been deducted from the published cost of attendance (i.e., "sticker price"). To read Lynn O'Shaughnessy's post on this issue, click this link to her blog:

http://moneywatch.bnet.com/saving-money/blog/college-solution/biggest-financial-aid-myth-i-cant-afford-this-college/2143/?tag=col1;blog-river