Latest College Financial News
Dec. 30, 2005 - Students soon to pay more for college loansCongress raises interest rates 2 percentage points; critics say hikes will fund tax cuts for the wealthy
College students, having paid escalating tuition in recent years, will pay even more for their education beginning in July when higher interest rates on student loans take effect.
Dec. 23, 2005 - Hopkins to raise tuition by 7.2%U.S. budget cuts also increase cost of student loans
The Johns Hopkins University's announcement this week that it will increase its tuition for next year by 7.2 percent - the largest percentage increase since 1987 - will assure the school its place among some of the nation's most expensive.
Dec. 21, 2005 - Senate takes up bill to slash $12.7 billion from education aidA bill that would slash student loan funding by record levels is headed for a showdown today in the Senate, where lawmakers are closely divided over whether to cut $12.7 billion in education aid along with $13.3 billion in cuts to Medicare, Medicaid, and children's health insurance before leaving town for the holidays.
Dec. 16, 2005 - California Credit Union's Second Annual College Scholarship ProgramCalifornia Credit Union announced their second annual college scholarship program for graduating high school seniors in Los Angeles County schools and for students of the Los Angeles Community College District (LACCD). The credit union will award $1,000 scholarships to 35 deserving students to assist with their college expenses.
The scholarships are available to high school seniors in LA County or any continuing or graduating LACCD student with a GPA of 3.0 or higher who will attend an accredited college or university in 2006.
The application should be submitted with all supporting documentation no later than Friday, March 31, 2006. Awards will be announced in May 2006. Applications can be found at the California Credit Union website.
Dec. 15, 2005 - Scholarship Season Opens at Oregon Student Assistance CommissionUnique Program is the Gateway to More than 12.5 Million Scholarship Dollars
More than 25,000 Oregon Student Assistance Commission (OSAC) Scholarship Application booklets have been mailed to Oregon high school counseling and college financial aid offices and the “eApp,” or electronic version of the paper application is online. The eApp provides an easy-to-use application process that is available at the agency’s student financial aid website, GetCollegeFunds.org.
The OSAC scholarship program enables students of all ages to apply for many different scholarships through a single, “unified” application. Most are for Oregon residents entering or returning to college in the fall of 2006, but some are open to out-of-state students. Some are for Oregon colleges only, but many may be used at eligible colleges throughout the United States.
All applications must be submitted to OSAC postmarked or hand-delivered no later than March 1, 2006. Also available again is the highly successful “Early Bird Scholarship.” Applicants who submit their completed applications by a February 15, 2006, “Early Bird” deadline are entered into drawings for 19 $500 awards. These awards are grouped by a variety of college populations and GPA ranges to ensure all students have a chance at being selected. The OSAC application is the gateway to more than 3,200 individual awards ranging from $500 to $20,000.
The online application processes information quickly and confidentially. The eApp includes search and filter capabilities to help with scholarship selection. Students are encouraged to use the eApp because it allows for more scholarships to be selected and will report error messages if questions are not answered. In addition, the OSAC website features information about general financial aid and OSAC’s other financial aid programs.
OSAC is the state agency that partners with numerous private donors, foundations, and banks to administer more than 320 private scholarship programs for Oregon students. This partnership model is unique in the nation. The agency also manages the Oregon Opportunity Grant, which awarded more than $23 million last year and will award 70% more in the next biennium due to the commitment made by Governor Kulongoski and the Oregon legislature to help Oregon’s neediest students attend college.
If you or your business would like to start a scholarship program and have it administered through the statewide OSAC process, please contact Alan Baas, Scholarship Services Manager at 800-452-8807 ext 7422. OSAC can be reached at 800-452-8807 ext 7395 or online at www.GetCollegeFunds.org
Dec. 15, 2005 - Florida Gulf Coast University Offers Education GrantsFORT MYERS, FL -- (Market Wire - Dec 15, 2005) -- The College of Education at Florida Gulf Coast University announces grants are available for students in the critical teacher shortage areas of secondary education mathematics, secondary education biology and special education.
Sixty Project Succeed to Teach grants are available for students who have obtained an Associate of Arts degree or have earned most of their 60 general education semester hours, and will pay for up to six courses with a $200 book allowance. The grants are offered for the 2006 spring and summer semesters and may be used to cover FGCU's College of Education admission prerequisites.
"Teachers are in great demand throughout the state," said Sherree Houston, M.A., assistant dean of the College of Education. "Our recent graduates received job offers with contracts prior to graduating and some even started teaching before their degrees were awarded."
The faculty in the College of Education has been recognized for outstanding teaching, research and service, and has been awarded the Florida Gulf Coast Excellence Award in all three areas. One hundred percent of FGCU graduates pass the State of Florida Teacher Certification exam.
FGCU is Florida's fastest-growing state university in one of the nation's fastest-growing regions. The university boasts an enrollment of over 7,000, a 900 percent increase since the campus opened in the fall of 1997, while maintaining small class sizes with an average of 26 students each.
Florida Gulf Coast University is located in south Lee County, just off I-75's exits 123 and 128. The campus is about two hours south of Tampa, four hours from Orlando, less than two hours from Miami and Fort Lauderdale, and just minutes from the new Southwest Florida International Airport in Fort Myers.
For more information, contact Sherree Houston at email@example.com or call (239) 590-7778.
Dec. 8, 2005 - Foundation Offers Scholarship Money for Harry Potter KnowledgeFt. Lauderdale, FL (PRWEB via PR Web Direct) -- Beginning December 11th, parents, high school and college students can turn their Harry Potter knowledge into cash for college. The Common Knowledge Scholarship Foundation (CKSF), www.cksf.org, has created a scholarship based on the movie “Harry Potter and the Sorcerer’s Stone,” The $250 award may be used at any post secondary school.
Students and parents may register at the Foundation's website www.cksf.org. As with all CKSF contests, participants log on to the Internet and take a series of multiple-choice quizzes. The winner is determined by a combination of correct answers and time. Quiz questions are made up of both, obvious facts and small details from the movie. Results are updated regularly on the CKSF website so participants can see where they rank at all times. Participants do not have to wait to be notified if they have won as the ranking is automatically calculated and posted.
Registration is free and now open at www.cksf.org for the Harry Potter scholarship. There are no essays, minimum grade point average or financial background requirements. "I have participated in many CKSF scholarships but this is the one I have been waiting for," said Sephora Rene, a sophomore at Nova Southeastern University in Ft. Lauderdale. "I think I can win this one."
“You do not have to be an A student to win this scholarship,” said Daryl Hulce, the Foundation president. “Life is about more than just grades and this scholarship gives everyone an equal chance to win.”
Known for creating unique scholarship opportunities that average students have a real chance at winning, the Common Knowledge Scholarship Foundation has now opened the Harry Potter contest to parents. Any parent that wins a CKSF scholarship may transfer the award to their children’s college bill or have the money held for a child not yet in college.
Developed and administered at Nova Southeastern University’s Fischler School of Education, the Common Knowledge Scholarship Foundation offers a wide variety of academic and general knowledge scholarship opportunities throughout the year. Some of the most popular contests are: FBI Common Knowledge Challenge, National Nursing Challenge, The Bible Common Knowledge Challenge and General Chemistry.
Dec. 8, 2005 - 1,000 California college students may lose grantsThe Sacramento Bee reported that 1,000 needy California students have been sent letters informing them that they may not have been eligible for Cal Grants that they received. According to the statute, recipients of the grants must have been California residents when they graduated from high school.
The problem arose because nowhere on the application does it mention this residency requirement. The California Student Aid Commission CalGrant pages do not mention anything about this residency requirement either.
Several schools, including UCal Davis and Cal State, Sacramento, have said that if any of their students are affected, they will do what they can to help with aid from other programs.
State lawmakers are currently drafting legislation that would hold the saffected students harmless.
Dec. 1, 2005 - $85 Million in Gifts to benefit Indiana University students with scholarshipsIndiana University President Adam W. Herbert announced a $15 million gift and a $70 million gift that bring total giving for scholarships in the past 12 months to $155 million. The larger gift was a record gift to the school and the donor wishes to remain anonymous. The $15 million was donated by Indianapolis businessman and philanthropist Jesse H. Cox and his late wife, Beulah.
This gift is providing the funding for the new Cox Scholars Program for academically talented students who are working their way through college. Between the two donations, they are expected to create more than 560 scholarships, mostly for Indiana residents.
Dec. 5, 2005 - Hodson Trust Awards $2.5 Million to Washington College for Science Scholarships, American History CenterChestertown, MD — Washington College has been awarded $2.5 million in grants from The Hodson Trust to establish merit scholarships for science majors and to support the College's C. V. Starr Center for the Study of the American Experience, officials of the College have announced.
For the entire press release, please go to http://www.washcoll.edu/wc/news/press_releases/2005/12/05_hodsontrust.html
Dec. 1, 2005 - WCU announces $6.92 Million GiftWestern Carolina University announced a $6.92 million gift from Kimmel & Associates, a leading construction industry executive search company. The gift will be used for faculty endowments, programs and activities and about $1 million will be earmarked for scholarships. For the entire press release, please go to http://www.wcu.edu/pubinfo/news/KimmelSchool05.htm