4 Easy Ways to Reduce College Costs and Supercharge Your Retirement

If you’re the parent of a high school student you may soon be faced with a very tough decision: Should you continue funding your retirement plan or apply these contributions to help pay for your child’s college education?
 
Many parents require additional resources to assist with college expenses and turn to the financial aid system for help. While you may be uncertain about prioritizing retirement contributions versus college expenses, the financial aid system is quite clear about how they view your retirement contributions. They feel that these contributions can be used to help pay for your child’s education and assume that you can play “catch up” with your retirement at a later point.
 
But before you throw your hands up in frustration and buy into their plan, let’s take a look at four ways to shave your out-of-pocket college expenses and keep your retirement contributions flowing.
 
How Parents Can Cut Their Child’s College Costs Now
 
1. Make Colleges Compete
 
In order to cut your child’s college costs, make colleges compete against each other during the application process. For example, if your child is applying to a private college, send your information to the big public university in the same state too – even if your child has no intention of attending.
 
Why?
 
You can create competition amongst universities by applying to:
 
- Colleges within the same conferences

- Public and private schools in the same state

- Institutions within the same region
 
This can ultimately mean big savings for you.
 
2. Make Sure You Have a Plan to “Unzip” Your 529 Savings Plan
 
Most people think, and were probably told by their advisors, that distributions from their 529 savings plans are tax free if used to pay for Qualified Educational Expenses. But what appears to be a clear-cut case isn’t always so when you’re dealing with the tax-happy trifecta of the Federal government, state governments and the IRS. So be sure to determine your Adjusted Qualified Educational Expenses prior to pulling any money out of your 529 savings plan account to prevent the ever-present taxman’s hand from reaching into your wallet.    
 
3. Apply Early
 
Colleges are often under pressure to meet early deadlines for enrollment goals. To help meet these goals, some institutions will award merit scholarships to students who apply early in their senior year. This is one of the easiest ways to reduce the cost your family pays out of pocket for college. So get busy filling out college applications as soon as your child starts his or her senior year.
 
4. Understand the Hazards of Cash Gifts
 
Avoid having cash gifts made directly to the college or the student during the financial aid “base year” or any year your child applies for financial aid. Cash gifts given during this time period can result in your child losing scholarships and other forms of gift aid (which is financial aid that does not need to be repaid). In addition, it may raise the amount of money your family is expected to pay for college.  Knowing how and when to receive such gifts is key to minimizing your college expenses.
 
Funding your retirement and paying for your child’s college expenses impacts your wallet now and into the future. So it requires extensive planning and discussion. Saving as little as 0 dollars a month in college expenses and applying those funds to your retirement could mean as much as 6,000 available to you when you retire. And, that’s with a minimal rate of return. 

Follow the advice in this article and in my FREE e-monthly newsletter, “The College Savings Tip Sheet” at http://www.reduceyourcollegecosts.info and you won’t ever have to pay full price for your child’s college education. You can slash thousands from your college costs so you and your child are left with less debt after graduation. And, you’ll be able to save for your retirement at the same time 
 

Two-Year Colleges: An Often-Overlooked Alternative To Four-Year Institutions

What if you want to play college sports but aren’t a four-year college prospect out of high school? Wonder if your grades or SAT/ACT scores aren’t good enough to get you accepted to a four-year college? Maybe your athletic skills need more polishing? Or, perhaps you want to save money?

Attending a two-year community college (also called junior college in some areas) is an excellent alternative to four-year institutions. Most community colleges have competitive sports programs where you can grow physically as well as socially, and improve your level of athletic and academic performance cost-effectively before continuing on for a four-year degree.

While not all community colleges offer sports scholarships, some do. You can contact the National Junior College Athletic Association (NJCAA) to inquire.

But, even if the community college you want to attend does not offer sports scholarships, the overall expenses are usually much less than at four-year schools. According to the College Board’s annual publication, Trends in College Pricing, 2008: tuition and fees at two-year colleges average ,402 per year; ,585 at public four-year colleges (in-state) and private universities, ,000. This does not include room and board and other expenses.

Here are some questions to ask yourself when you’re trying to decide between a two-year and four-year institution:

1)      Am I socially secure? Am I mature enough to go away from home, live and study on my own, make new friends, etc?

2)   Are my family’s finances sufficient to pay my college expenses? If not, is there enough other financial assistance available?

3)   Am I academically prepared? Can I compete scholastically at the four-year college level?

4)   Do I know what I want to major in? If not, have I at least identified my strong areas of interest?

5)   Can I compete in my sport at the four-year level, based on my physical maturation, level of competition and skill level?

If you can answer “yes” to most or all these questions, apply to a four-year college. But, if your answers are mostly “no” then seriously consider going the community college route.

Is Every Private School A Preparatory School?

Parents who are concerned about their children’s ability to get into college are interested in seeing what options Toronto private schools have to offer. One of the confusing items surrounding private school in Toronto is the difference between a private school and a preparatory school. While many private schools are also considered prep schools, not all of them qualify for this label.

What is a Preparatory School

A preparatory school is a private school, independent of the Toronto public school system, that is designed to get students ready for college. Every aspect of the school is designed for college prep. Academics are emphasized more than extra-curricular activities, although extra-curriculars are available. This type of Toronto independent school typically has low student-to-teacher ratios. Because of this, the teachers are able to give the students more attention than they would likely receive in a public school. This, in theory, will give the students a better instructional environment.

Some prep schools are also boarding schools. Both local and out-of-town students can take advantage of the boarding option. By living at school, students are able to focus more on their academics without the distractions of home. Some prep schools are gender specific, another tactic that is designed to eliminate distractions from academics.

Many Toronto prep schools are just high schools, without a junior high or elementary. Some of the more elite schools will have a full program, but many parents choose this option only for the last four years of high school, as this is when the preparation for the university scene really begins.

What Is a Private School?

A private school in Toronto is simply a school that is independent from the Toronto public school system. This can be a preparatory school, but it may not be. Some Toronto private schools have a completely different focus, such as a Montessori approach to education or a vocational training focus. Preparatory schools are private schools, but not all private schools are preparatory schools.

All private schools, whether or not they are prep schools, charge tuition. In most cases, a preparatory school will have a high tuition requirement, because they are considered one of the best ways to prepare for college. In fact, some Toronto independent school options have tuition costs comparable to a college or university. Some have scholarship programs available for students with qualifying GPAs.

Choosing an Independent School

Parents who are interested in prep schools need to do their research before enrolling their students, because not all prep schools have the success statistics that would be assumed based on the cost of tuition. Ask the school for their statistics relating to the number of students who went on to complete a college or university program. Find out if the school has any records about the number of students who qualified for academic scholarships in college. Choose a preparatory school that has excellent numbers indicating the future success of their students.

Also, look for a school that has a well-rounded education. Some prep schools focus so strongly on academics that students are not taught other important life skills, such as proper physical fitness or financial planning on a personal budget level. While getting an education that prepares the child for college is important, it is just as important to prepare a child for real life, because not all students will attend college, no matter how well intentioned the parents and the school are.

Once you find a school that has excellent success reports combined with a well-rounded education, you have probably found the right school. Apply early, because most Toronto private schools fill up quickly, and some prep schools have stringent enrolment requirements. By choosing the right school carefully, you will prepare your student for college as well as you possibly can.

Advantages Of Getting Trained In Career Colleges With Papsa Membership

There are countless numbers of career colleges available today. However, the career colleges of Pennsylvania are known to be the best for many reasons. One of the advantages of getting trained in the career colleges of Pennsylvania is that, you don’t have to wait for getting into an aspiring career. The Pennsylvania career colleges offer great career assistance which enables you to step into the very best career as soon as you complete your training. The quality of the training is the next benefit that you can get out of the career colleges of Pennsylvania. With well experienced faculty and hands on practical classes, these career colleges of Pennsylvania feed the students with the most updated information to shine in their career. The main attraction of the career colleges of Pennsylvania is the PAPSA membership. PAPSA is the one and only organization to represent all the for-profit colleges of Pennsylvania. Just keep reading on the article to know more about PAPSA and the advantages of getting trained in the career colleges with a PAPSA membership.

What is PAPSA?
The Pennsylvania Association of Private School Administrators (PAPSA) is an organization representing 320+ private career colleges and schools in the Pennsylvania area. PAPSA is dedicated to provide the top quality education for the candidates getting trained in the schools and career colleges of Pennsylvania. PAPSA has provided great assistance to many career colleges in the past few years by offering the most wanted professional development programs to the career college faculty and students. Career colleges of Pennsylvania with a PAPSA membership are the best places to get quality education in this planet.

What advantages can students get, by Joining Career colleges/ schools with PAPSA membership?
There are countless numbers of benefits that a student and the college can get out of joining PAPSA. The candidates of the career colleges of Pennsylvania with a PAPSA membership will get the best quality education available in this planet. With the assistance of the PAPSA membership, the career colleges will be able to provide industry exposure to the candidates during the training period itself. PAPSA will also be providing various seminars on Job specific skills to the students and faculty to get the updated information about every industry.

Advantages for colleges in getting a PAPSA membership
Not only the students, the career colleges of Pennsylvania can also get many benefits out of the PAPSA membership. Apart from getting assistance to provide the best quality education, the career colleges of Philadelphia, Pittsburgh, and Harrisburg can get financial assistance too. PAPSA also provides much needed professional development programs (total of 15 programs every year) provided to the faculty, student services staff, directors and admissions personnel.

Bottom Line
Various services provided by PAPSA for the job training schools and career colleges, make Pennsylvania the best place in this planet to get career education.

College Admission Chances

Once you’ve handed in your college applications, you are probably pretty nervous about getting into college. Although you’ve finished your college application, included your high school transcripts, your SAT and ACT scores and your college essay, you are now probably wondering how does the admissions committee choose a college applicant to actually be an admitted student? How do they wade through all this information and come to a decision regarding your college admissions? What matters most and what gets glossed over? We are going to give you more of an inside look into the admissions decision process so that you know what will allow you to find the right college for you.

Transcripts: Your high school transcript is often the most important component of your college application. Your class work load and grades reveal what type of student you are and offer a glimpse into how you would work at their university. However, admissions officers are trained to know the discrepancies among different schools and class schedules. For example, at some schools, it’s easier to land an A than others. They also look at what types of courses you fulfilled. If you took honors classes, advanced placement or international baccalaureate classes, admissions officers will take this workload into account when reviewing your GPA.


Test Scores:
SAT and ACTs are being de-emphasized in many colleges, but these standardized tests do help the admissions officers compare students from different high schools across the nation. Most schools have a range that the majority of students fall under when determining acceptance, but a low test score generally won’t break all chances of getting into college.


Admissions Essay:
The college essay is a way to make you pop off the page. Now, instead of being a series of numbers and grades, you become an individual, unique person. This is therefore an increasingly important factor in the college admissions decision process. We suggest telling an anecdote about your life or your personality and describing how you have learned and grown from that experience.


Letters of Recommendation:
A really good letter of recommendation can really make a difference, but colleges don’t really penalize students when the letter is not written well or only offers superficial information. Here’s some of the stuff that admission officers are looking for:
• Comparisons to others in the class; to those whom the teacher or counselor has worked with in past years; or with students who have enrolled at the college in question.
• Information about grading and/or competition.
• Illustrative examples or anecdotes
• Personal information
• Other personal traits or study habits (e.g., maturity, response to criticism, acceptance by peers, timely completion of assignments, willingness to go beyond what is expected, participation in class discussions)
The law entitles students to see completed recommendations. However, reference forms include a clause that most students sign to waive this right. This enables counselors and teachers to be candid, which is what admission officials prefer. Recommendations normally do become part of a student’s permanent file.


Extracurricular Activities:
Extracurricular activities are important to show that you are an involved student. But with so many high school students doing so much and with so many programs and organizations, teams and clubs and causes, it’s hard to predict what admissions officers will favor. They are really looking for what the activities teach you—qualities like commitment, accomplishment, initiative and leadership and well-roundedness.
Here are some areas they look at:
• How much time does this student devote to an activity? How significant is the contribution? Admission professionals often favor depth over breadth.
• Evidence of leadership is a key factor that can tip the scales in your favor. There’s a difference between the student who joined the Geography Club and the one who founded it.
• Some balance is best. The student who participates in the Science Club, the Drama Club, and is also on the tennis team usually stands out more than the one who only chooses athletics as extras. Similarly, a balance of school related activities (clubs, teams, choirs, etc.) and those which take place elsewhere (volunteering, scouting, church groups, community theater, etc.) shows your horizon exists beyond the schoolyard.
• Volunteering is very important, and the key here is real hands on involvement. Admission people are usually able to differentiate between the candidate who spends every Saturday tutoring and one who volunteered a couple of times so they can add it to their application.
• A few collegiate candidates will up their stock in admission officers’ eyes by being extraordinarily talented in some area or with a truly off-the-wall interest or experience.

So now you know what happens behind the closed doors of the admissions decision. Still, with so many factors go into college admissions decisions that the results can sometimes seem unpredictable and off-the-mark. But don’t try to be someone you’re not—it’s all about being yourself, and that’s what’s going to really make you stand out in your college application.

Boarding School Myths

Even if you’re just starting your boarding school research, there’s a good chance you already have an impression of what boarding school is like. This impression might come from books you’ve read, such as “Catcher in the Rye” or “A Separate Peace.” It also might come from movies you’ve watched like “Dead Poet’s Society,” or “School Ties.”


These stories, while entertaining, take place in boarding school settings that are different from what you’d find today. An excerpt from an article about college-preparatory boarding schools in The New York Times summarizes these differences well:


“To generations of students whose syllabuses include J.D. Salinger’s “Catcher in the Rye,” boarding school represents the winter of their adolescent discontent; a cold, distant place where parents threaten to send their children if they don’t measure up.Parents dropped their children off in September, picked them up again in June and let the schoolmasters worry about what went on in between.


If Holden Caulfield were to return to school for Alumni Day 2001, he would find that the world of proctors and prefects, dorm teas and Mr. Chips has undergone a millennial thaw. Most of the approximately 36,000 students at boarding schools packed their bags willingly and are in daily e-mail contact with mom and dad. The ivy is no longer one shade of green. Students are as likely to room with a real prince of Thailand as with the fresh prince of Bel Air, as the schools reach farther into the public high schools for the majority of their students, making admissions more competitive than ever. The monastic life of formal dinners, daily chapel and cold showers has given way to international theme meals, contemporary ecumenism and interdorm dances.” – Less Austerity, More Diversity at Prep School Today – By VICTORIA GOLDMAN and CATHERINE HAUSMAN, November 12, 2000, New York Times


Just as universities and colleges in the United States have evolved in the past several decades, so have boarding schools. And while the perception of boarding school is changing, there are still some lingering myths that can make you mistakenly think that you wouldn’t fit in at boarding school:


Myth 1: You must be very wealthy to go to boarding school.


Today, approximately a third of all boarding school students receive financial aid. Financial aid grants can represent a significant portion of tuition depending on the school and your family’s situation. Boarding school students now increasingly come from public schools and a wider range of family income-levels. In general, boarding schools do their best to make their programs accessible to your family through financial aid grants, loan programs, and merit awards/scholarships. In the past ten years, the emergence of K-12 private school loans has also made boarding school education more accessible.


Families that send their kids to boarding school today represent a much wider demographic – geographically, socio-economically and ethnically (see “Myth 2″ below). What hasn’t changed is the rigorous academic approach and emphasis on students’ personal growth.


Myth 2: Diversity is rare at boarding school.


More than a quarter of all boarding students are either students of color or international students. Boarding schools are generally more diverse than public schools – they actively seek diversity and draw from many geographic areas whereas local schooling options are dependent on neighborhood living patterns where populations tend to concentrate along ethnic or socio-economic lines. Also, boarding schools create more meaningful opportunities for different students to interact with one another – whether in the dorms, classrooms or playing fields, you’ll always be surrounded by a diverse population that you’ll inevitably get to know throughout the year.


Myth 3: Kids don’t have fun at boarding school.


Curfews and rules will be part of life at any boarding school – no big news here. But depending on your impression of boarding school, you might be surprised to learn that boarding school can also be a lot of fun. If you talk to boarding school students or alumni today, most will tell you the same thing – it’s an environment that’s conducive to making incredible friends and having fun in the process.


Keep in mind that while strong academics are a key focus for boarding schools, they also strive to foster independence in students. Boarding schools give you choices in how you spend your time and what activities to pursue so that you can determine your experience at school and grow as a person, not just academically. This process – of growth in independence, meeting new people and pursuing your interests – is often fun and very rewarding.


Myth 4: Boarding school is for kids who are having trouble at home or school.


There are two types of boarding schools – college-preparatory boarding schools and therapeutic boarding schools. The two are sometimes confused and can cause misperceptions that boarding schools are only for kids who are having trouble at home or school.


College-preparatory boarding schools are geared for motivated students who are looking to explore new opportunities. College-preparatory boarding schools are often ideal choices for students who are already doing generally well at school and at home, but would simply like to find new challenges. These types of boarding schools are not appropriate choices for students with drug, alcohol, or behavioral problems. The key objective of these boarding schools is to prepare students for college through rigorous academics. All the schools profiled in Boarding School Review are exclusively college-preparatory boarding schools.


Therapeutic boarding schools are aimed towards students who are having difficulty at home or in a traditional school setting. While preparing students for college can also be a goal for these schools, these schools are equipped to handle students who are facing challenges such as behavioral / emotional problems, substance abuse, or significant learning differences. Boarding School Review does not list therapeutic boarding schools.


College-preparatory boarding schools and therapeutic boarding schools have different missions and serve different audiences. It’s helpful to know this when looking at schools, and avoid common misperceptions of college-preparatory boarding schools.


Myth 5: It will be hard to keep in touch with my family.


Boarding school students and their families are fortunate in that it’s easier than ever to stay connected. The Internet, in particular, is redefining how boarders and their families communicate. Boarding schools offer Internet access for their students, with most schools having access in each boarding house, and some in each bedroom. While Internet access is regulated for use between certain hours, students can often be in daily contact with their parents. Depending on the school and its policies, cell phones can also be helpful in keeping families connected.


Keep an open-mind about what you think boarding school might be like. The best way to learn about boarding schools is to visit one – you can learn the most about boarding school life by simply being on campus and talking to current students about their experiences.

College recruiting for the 2009-2010 school year

College recruiting is where colleges and students alike take the time to evaluate any special talents and or abilities that students or potential students have that sets them apart from others. Many universities and colleges have Offices that are usually called The Office of Advising and Recruiting or wording to that effect. These offices are there to help both incoming students and those that are already in college by advising the students about programs relevant to their academic goal as well as their personal and career goals. These advisors are there twofold. They are there to make sure their university or college gets the best students they can recruit and after recruitment they are there to make sure the student lives up to their potential or exceeds their potential.

The potential student that wants to be accepted to a certain university or college will want to start thinking about their recruitment profile as early as the start of high school. This is especially true if the university or college that you want to attend has specific targeted interests as in a Technology School or perhaps Engineering school, or even one of the Ivy League schools. All these will have certain criteria that have to be met before admission. It is up to the potential student to learn what these criteria are and focus their studies on them as well as it is up to the current university or college student to make sure they focus on the correct classes to reflect the reason the college admitted them.

This is a lot to try to pull together alone. Luckily, there are qualified companies available who help students become marketable and thus increase their chances of being recruited for the college or university of their choice. This service takes a lot of the stress out of the search for the perfect college or university as well as gives crucial information about the admission and recruiting process that many parents and students don’t know. These companies will be familiar with colleges and universities all over the U.S and will be able to give the potential student a lot of exposure to college recruiters.

These type companies are basically service companies. They put students in touch with the university or college that fits them best both academically and personally.The recruiting and admissions service company will show the parent and student where they need to plan and show what areas of study or personal area that needs to be focused on more. These companies have been through the college recruiting process many times and can literally increase the new student’s chances with College placement, recruitment, grants and scholarships as well as Athletic recruitment

When looking to utilize a service company to help you or your child’s opportunity for any of these situations always research the company fully and ask any questions you might have before you sign with them. College and University recruitment and placement is a lengthy process that can be handled on your own but can be less stressful with a service company, particularly if you are new to the college process.

College Financial Aid FAQ

What is Financial Aid?
Financial aid is monetary aid to help you pay for your college education. Aid is made available from grants, college scholarships, student loans, and part-time employment from federal, state, institutional, and private sources. The types and amounts of aid awarded are determined by financial need, available funds, student classification, academic performance, and sometimes the timeliness of application. What is the FAFSA?
FAFSA stands for Free Application for Federal Student Aid. The FAFSA is the Federal Department of education’s primary application for financial aid and is the gateway form to just about any other federal, state or private grants, college scholarships, student loans or college work study programs. The FAFSA form must be filled out each year between January 1 and March 10th (although some colleges have their own earlier deadlines) and can be completed online or by mail. Four to six weeks after you file the FAFSA (two to four weeks if you filed electronically), you will receive your Student Aid Report (SAR) which will contain a summary of the information you submitted on your FAFSA and presents your Expected Family contributions (EFC) which tells you the amount your family is expected to contribute towards your education. The amount of financial aid is then determined approximately by the tuition of your college subtracted by your EFC.If you do not receive the SAR within a reasonable amount of time, you can call the Federal Processor at 1-319-337-5665. Review the SAR carefully for errors. If necessary, make any corrections on Part 2 of the SAR and return it promptly to the address listed on the form. You will then be sent a new SAR with the changes made. What is the College Scholarship Services Profile (CSS Profile)?
Some colleges also require you to fill out a College Scholarship Services Profile form in addition to the FAFSA. It is a secondary financial aid form that supplies further information about your family income. Be sure to check whether this form is necessary and about specific deadlines with your college directly. What is the difference between a Grant, a Student Loan and a College Scholarship?
A grant is free money from government or non-profit organizations that does not need to be repaid. Grants are usually determined by financial need but can also be influenced by academic merit. Unlike grants, student loans are money loaned from an academic institution, financial institution, or federal government that must be repaid. Like a grant, a student scholarship is free money, but is generally offered through colleges, businesses, private individuals and outside sponsors. Those awarded by the college itself are often called MERIT AID. While grants tend to be issued according to financial need, college scholarships are awarded on a broad-base of criteria, the most common being academic merit. Furthermore, to receive any grants or loans you must complete a FAFSA, however, many scholarships may not require you to complete a FAFSA to be eligible. Instead, you may need to obtain application material directly from the donor of the scholarship. What are the different kinds of grants?
There are federal as well as campus-based (institutional) grants. Federal Grants are free gift money from the Federal Department of Education while campus-based grants are government funds issued directly from your college. The campus-based grants provide a certain amount of funds for each participating school to administer each year. When the money for a program is gone, no more awards can be made from that program for that year, so make sure you find out about the types of grants awarded by each college you are considering as well as their specific deadline.Below are some of the most common grants.Federal Grants

Pell Grants
are considered a foundation of federal financial aid, to which aid from other federal and non-federal sources might be added. Pell Grants are usually only awarded to undergraduate students who have not earned a bachelor’s or a professional degree. The amount you get depends on your financial need, your college’s tuition, your status as a full-time or part-time student and your plans to attend school for a full academic year or less.The Academic Competitiveness Grant is a new grant available to first year college students who graduated from high school after January 1, 2006 or for second year college students who graduated from high school after January 1, 2005. Only students who are eligible for a Federal Pell Grant and who has successfully completed a rigorous high school program as determined by the state or local education agency and recognized by the Secretary of Education. An Academic Competitiveness Grant will provide up to 0 for the first year of undergraduate study and up to ,300 for the second year of undergraduate study for full-time students who are eligible for a Federal Pell Grant.The National Science and Mathematics Access to Retain Talent Grant (AKA the National Smart Grant) is available during the third and fourth years of undergraduate study to full-time students who are eligible for the Federal Pell Grant and who are majoring in physical life, or computer sciences, mathematics, technology, or engineering or in a foreign language determined critical to national security. The student must have also maintained a cumulative grade point average (GPA) of at least 3.0 in coursework required for the major. The National SMART Grant award is in addition to the student’s Pell Grant award.Campus-based Grants The Federal Supplemental Educational Opportunity Grant (FSEOG)
The FSEOG is a campus-based grant aimed at assisting students with exceptional financial need. Pell Grant recipients with the lowest expected family contributions (EFCs) will be considered first for a FSEOG. You can receive between 0 and ,000 a year depending on when you apply, your financial need, the funding at the school you are attending, and the policies of the financial aid office at your school. What are the different kinds of student loans?
A student loan is money that needs to be repaid after you have completed your studies. Generally, interest rates are low- so that you do not rack up as much debt as you would with a credit card or bank loan.There are campus-based loans, which you repay directly to your college, as well as federal loans which you repay either directly to the U.S. government or to your financial institution.Campus-based LoansFederal Perkins Loan
The Federal Perkins loan is a campus- based loan because it is administered directly by the financial aid office at each participating school. In other words, your school is the lender although the loan is made with government funds. Your school will either pay you directly or apply your loan to your school charges. You’ll receive the loan in at least two payments during the academic year. You can borrow up to ,000 for each year of undergraduate study with a maximum of ,000 for your entire undergraduate degree. The amount you receive depends on when you apply, your financial need and the funding level at your school. The Federal Perkins Loan is a low-interest , 5 % loan for students with exceptional financial need. You must repay this loan directly to your school and you have nine months to begin your repayment plan after you graduate. Generally you will make monthly payments to the school that loaned you the money over a 10 year period.Federal LoansThe U.S. Department of Education administers the Federal Family Education Loan (FFEL) Program and the William D. Ford Federal Direct Loan (Direct Loan) Program. Both the FFEL and Direct Loan programs consist of what are generally known as 1. Stafford Loans (for students) and 2. PLUS loans (for Parents).Schools generally participate in either the FFEL or Direct Loan program, but sometime
s schools participate in both. For either type of loan, you must fill out FAFSA, after which your school will review the results and will review the results and will inform you about your loan eligibility. You also will have to sign a promissory note, a binding legal document that lists the conditions under which you’re borrowing, and the terms under which you agree to repay the loan. Stafford Loans
Stafford loans are federal loans for students. Eligibility rules and loan amounts are identical under both the FFEL and Direct loan programs, but providers and repayment plans differ. For all Stafford loans first disbursed on or after July 1, 2006, the interest rate is fixed at 6.8 percent. However, you can be considered for a subsidized loan, depending on your financial need, in which the government will pay (subsidize) the interest on your loan while you’re in school, for the first six months after you leave school and if you qualify to have your payments deferred. You might be able to borrow loan funds beyond your subsidized loan amount even if you don’t have demonstrated financial need. In that case, you’ll receive an unsubsidized loan. Your school will subtract the total of your other financial aid from your cost of attendance to determine whether you are eligible for an unsubsidized loan. Unlike a subsidized loan, you are responsible for you’re the interest from the time the loan is disbursed until the time it is repaid in full.After you graduate, you will have a six month ‘grace-period’ before you must begin repayment. During this period of time, you’ll receive repayment information, and you’ll be notified of your first payment due date. You are responsible for beginning repayment on time, even if you don’t receive this information. You

Why Private School? A Look at the Potential Benefits

The question of how to educate a child is one of the most important a parent can ask. A basic choice that many parents struggle with is that of public vs. private school. Parents do not want to take on unnecessary expenses if they will not ultimately benefit their child. After all, many public schools do an excellent job of educating students. But while it is true that public schools do not have tuition costs (and a private school can run, on average from 12,000 to 30,000 dollars a year), the benefits of a private education can still far outweigh the costs depending on the local options parents may face.


Students who attend private schools can be more academically challenged, exposed to clearer value systems, given greater access to teachers, and may simply feel safer than local public school options. If you do decide to pursue private schooling for your child, start the research process early. Admission to private schools can be competitive, and finding a school that is a perfect fit for your child where he or she will be also be accepted, may take some time.


A Higher Bar:


A major advantage to private education is that your child will likely be challenged to a higher academic standard. Private schools can be more academically rigorous than public schools, and private school students may have to meet more criteria to keep up their grade point averages. According to The Condition of Education 2001, from the National Center for Education Statistics, Private high schools typically have more demanding graduation requirements than do public high schools.


Compared with public schools, private schools required more coursework (in 4-year high school programs). More can be expected of private school students in terms of quality of work, course workload, and special requirements such as community service or Arts participation. In some schools, what would normally be considered extracurricular activities, are prerequisites for graduation, which ultimately round out students’ high school experience. The push to meet this higher standard often results in a greater level of student performance. In a recent NAEP report it was found that, ‘Students in private schools scored significantly above the national average in grades four, eight, and twelve.


As the report put it, ‘Performance results in 2002 show that, at all three grades, students who attended nonpublic schools had higher average writing scores than students who attended public schools.’ In general, a student given the opportunity to attend a private school will most likely reach a higher level of academic achievement.


Student Teacher Ratio:


Private schools also tend to focus on controlling their class sizes. The NCES Schools and Staffing Survey found that, ‘Private high schools on average are less than half the size of public schools. In central cities, for example, the average size of a private high school is 398, compared to 1,083 for a public school.’ Students of private schools may have more opportunities to form relationships with their teachers, which can lead them to greater academic success. In such cases, a student is given help for his or her specific academic problems, which can allow the issue to be resolved quickly and correctly.


Once any issues inhibiting a student’s progress have been addressed, the child can go on to achieve at his or her highest level. In The Condition of Education 2002, it was found that, ‘Placing students in small groups tends to foster close working relationships between teachers and students, thus enhancing learning, particularly among at-risk students and those in the early grades.’


Also, small classes allow the teachers to have a better sense of who your child is, and what his or her specific strengths and weaknesses are. Your child will also have more opportunities to speak up and participate in class discussions. In addition, students may be offered office hours during which the teacher will be available. Students who have worked closely with their teachers are less likely to feel intimidated about using such time to actively seek help from their teachers directly.


Exposure to the Arts:


Private schools have the ability to create their own curriculum. Although, they must ultimately prepare students with the same basic course as any other school, private schools also have the option to add various elements to their programs. Private school administrators often develop programs that emphasize the Arts, perhaps more so than local public schooling options.


Schools may choose to produce elaborate plays and musicals, giving students unique opportunities to explore their talents and express themselves. Government regulations on public schools prevent them from spending more than a certain percentage of school funds on the Arts. Private schools, however, are not subject to the same regulations, and they have more freedom to develop and expand these programs as they wish. Some private schools may even offer filmmaking or video production courses which are opportunities normally reserved for college students.


Potentially More Funds:


The tuition that you and the other parents of a private school contribute often will go toward developing and funding special programs that would be restricted in public schools. The school may be able to offer other activities such as special field trips that reinforce the school’s curriculum. Such trips can give your child opportunities to form close friendships and build independence. The school may have more funds available to provide supplies to student-run clubs. The school also may create programs that better tie the arts or sciences into the overall general curriculum.


A Push Towards College:


Private high schools can instill their students with the expectation of attending college. Data from the National Education Longitudinal Study of 1988, ‘Fourth Follow-up’ (NELS: 1988/2000) show that, ‘Students who had attended private school in 8th grade were twice as likely as those who had attended public school to have completed a bachelor’s or higher degree by their mid-20s (52 versus 26 percent) and far less likely to have had no postsecondary education.’


With college as a focus, students can be more goal oriented, and often elements of the schools curriculum will be specifically aimed at preparing your child for college. Many private schools are even referred to as ‘college preparatory.’ Private schools often encourage their students to take an active role in their own college admission process. Students may be given more access to information about college options, and they may be made more aware of the requirements they must fulfill to qualify for a specific school.


Community Service and a Sense of Values:


Private schools often put a major emphasis on personal values. When choosing a private school for your child, it is possible to find a school that incorporates a great deal of your own values into its everyday curriculum. Private schools often have honor codes and stricter behavioral standards that help students develop into mature adults.


According to The Condition of Education 2001 from the National Center for Education Statistics, ‘At private schools, a greater percentage of children had parents who were very satisfied with order and discipline than with the school or teachers in 1999.’ Parents are often given greater say in school policies at private schools.


Many private schools require that their students complete a mandatory number of community service hours. This not only provides the obvious benefit of instilling a sense of respect for the community and the importance of making a contribution to society, but it also happens to be something colleges especially favor. Students may also find possible career options while fulfilling this service requirement such as political involvement to aid the community or counseling for endangered teens. Community service experiences teach students that education goes beyond the walls of the school, and that it sometimes requires action and initiative.


Discipline and Safety:


Beyond the fact that smaller classrooms are by their very nature easier to control, most private schools put special emphasis on discipline. Even if your child does not have discipline problems, disruptive peers could take away from your child’s valuable learning time. The Condition of Education 2002 states that, ‘Private school teachers were more likely than public school teachers to say that they had a lot of influence on setting student performance standards (63 versus 38 percent) and on student discipline policy (48 versus 30 percent).’


The push for discipline in private schools teaches children self control, which will ultimately be a requirement in college where the student will be far more responsible for his or her own attendance, and achievement. Also, stricter disciplinary policies mean that any major problems will be handled and eradicated quickly. Typical crimes that plague public schools are less common at private schools. The School Crime and Safety Report found that, ‘Students in public schools (37.3 percent) were more apt to see hate-related graffiti at school than their counterparts in private schools (16.8 percent).’


A Word About Teachers:


Because teachers at private schools are not required to earn the same certifications as public school teachers, some parents worry that the teachers are not as qualified. This is not necessarily true. Private schools must maintain their reputations and create positive

College: It's Not Always Where You Planned

All I knew about college was that I wanted to go out of state. I wanted to be on my own away from home, away from all things high school and start with new friends in a new city. I’d been to France, England, and Germany all on my own; and moved regularly while growing up. So, I expect it was no surprise to my parents when I told them I wanted to go to college out of state. At that time, I honestly didn’t know much more about what I wanted out of my college experience or even what I wanted to become. The next four years would bring me the most unexpected and valuable learning experiences of my life.

My Dad and I had decided on Rhodes College in Memphis, Tennessee by the end of my junior year in High School. I liked the college very much. It had all the qualities I was looking for. Classroom sizes were small (the college itself wasn’t more than 4,000 students), it seemed friendly, and I loved the look and feel of the Old English Architecture. It felt like it had been uprooted from 16th century England and plopped in the middle of Memphis. So, I applied for early admission and had gotten accepted. My grades were only slightly above average, but I had drive, many extracurricular activities that I had excelled in, and a killer essay. So I was packing my bags, leaving high school gladly behind, and heading to Memphis.

It’s weird how most things in life don’t turn out quite like you expect them to. This was no exception. At the beginning, I was glad to be at Rhodes College. When my parents dropped me off and left back home I was giddy and celebrating my new found freedom. I liked my roommate Anne, from New York and I quickly made other friends. I also plunged myself into extracurricular activities such as Student Round Table. No problem, right? Well, after a few months I really started to get more of a feel for the college and I wasn’t sure it really was right for me after all. Rhodes College was great academically and I did make good friends, but the social scene revolved mainly around Greek life and Greek parties. And, without a car, there wasn’t much I could do about that except not have much of a social life. So, I went to a few parties and on a couple of dates, but I didn’t drink and I was never planning on joining a sorority. I found myself oddly enough unhappy and debating transferring to a different college with a better fit. I decided that I needed a college where the social scene was not centered around Greek life and where there were more people with my same beliefs and values that I could connect better with. So I applied to Rick’s College in Rexburg, Idaho.

It’s now called BYU-Idaho, but back then it was Rick’s College. Nevertheless, I arrived as a sophomore transfer and loved it right away. I loved the beautiful campus, the good classes, and I definitely like the social scene a lot more. This was a religious-based college and I knew most everyone had the same values as I did. That made me feel a lot more comfortable while I searched for who I really was and what I really wanted to do in life. I soon discovered I love to write. I mean, I already knew I loved to write as I was the editor-in-chief of my high school literary magazine. But I discovered I really, really thought this was the right career path. I was enjoying being a part of the school paper and I really liked my advisors. However, at the time, Rick’s College was only a two year school and that meant I needed to transfer, again.

So, in looking for a new college in which to continue my journalism major and graduate from, I started to look at what I had liked and not liked about my previous colleges. I loved the diversity of Rhodes college student body, but not the Greek life. I loved the strong values of Rick’s College, but they seemed a little too strict for me. So I started to look for a new school that had a strong diversity of students, had the values I was looking for, but didn’t have a million rules and had a good journalism department.

I decided on Utah State University. Although my Father was convinced I should go to BYU, I knew better. So, when I didn’t get into BYU I was actually relieved. And what do you know, I got into USU. I had never even been to the campus before the day I arrived for my junior year, but my gut told me this was definitely the place for me.

Over the next couple of years I went on to get a scholarship from the journalism department, got on the honor roll, met life-long friends, and fell in love with the beautiful area. That same junior year I also met the man of my dreams, and got married the following summer. I graduated on time and continued to support my husband as he pursued his doctorate.

Now, six years after graduating from USU, I look back at all the colleges I went through and the long journey it took to get here. Choosing a college isn’t always cut and dry, but neither are our desires in life. What we may think in high school rarely carries through our entire life, and the experiences of college only remotely center on the classroom. My experience was varied and unexpected, but all I can say is – I wouldn’t change a thing.