This episode is a discussion about whether or not if the school you select or your college major choice really matters when it comes to career opportunities. This topic comes from an a blog article on the website – CollegeFactual.com. They explore the issue of supply and demand for a college major but we look at the issue from a broader perspective. Enjoy.
Google’s commitment to encourage women to pursue careers in computing and technology has led them to establish the Google Anita Borg Scholarship. The intent is to encourage women to become role models and leaders in computing and technology.
Scholarships are awarded after a review of a candidate’s academic background and leadership. Award amounts vary from $1,000 to $10,000.
It is probably time for you to compare your financial aid offers. How do you know you are comparing apples to apples? What do you do when the school you REALLY want has not responded with an offer? Today’s episode is a review of a recent article in USA TODAY about sticker price shock and how to effectively compare financial aid offers.
This episode is with Jocelyn Paonita Pearson. Her website is TheScholarshipSystem.com and she was able to graduate debt free by securing over $125K in scholarships for herself.
She talks about how it is really possible to find the scholarships you need and go through college without incurring debt. She then started her career in finance with her new corporate job but quickly realized that there were still alot of people struggling with understanding college finances. She quit her corporate job and put her knowledge into a book – The Scholarship System (available on AMAZON). This is a step-by-step blueprint that goes into all aspects of college funding.
If you prefer to take an online course and get the information about the scholarship system, you should enroll in her course – The Scholarship School. Click on the graphic to find out more about the course which outlines her system to help you graduate debt free. You can also view the webinar which gives you a sneak peak into the course.
Here are her tips:
Don’t quit! Keep applying for scholarships and treat it like a job with purpose and dedication.
Be aware of and stay away from the SCAMS (those sweepstakes that promise you $1000)
This is sponsored by Minority Athletes Networking Etc., Inc. (@GeorgeMartinNYG on Twitter) This scholarship is open to student or athlete with a B or C grad point average, high SAT scores but low GPA, looking to go into technical/medical areas and have a single parent or at risk family. Deadline is March 31, 2016.
In today’s episode, we interview Brad Baldridge, and talk about money strategies to deal with the high cost of college. Mr. Baldridge is a late-stage college planning specialist and podcast host (Taming the High Cost of College). He helps parents of high school students plan and pay for college using strategies such as merit aid, need based aid, tax planning, savings and investing for college, negotiating with colleges, scholarships and loans.
He works with many parents/families with high incomes that may not qualify for need based aid. Here are some tips:
Gift assets to your children to pay for college
Utilize college savings plans for the tax benefits
Shift more income into retirement plans for better tax planning
Mr. Baldridge talks about how to pay for the high cost of college utilizing tax scholarships. That means paying for college tax efficiently. For example, shift income to students if you own a business or rental property by hiring your student to do yard work or as a part-time employee. This would create an expenses that is deductible on your taxes. Another example would be to take advantage of the tax credit available to families with up to $2500 in education expenses per child. Contact the IRS.gov website for information about tax credits for education expenses.
The last question I ask deals with the current political climate in which both of the Democratic candidates talk about their plan about dealing with the high cost of college:
For current university, community college students and high school seniors in the US or Canada for the 2016-2017 school year who are interested in pursuing computer science or computer engineering degree. If you are a student from an underrepresented group in computer science (African American, Hispanic or American Indian. You will be required to attend Google Computer Science Summer Institute this summer 2016. Deadline March 3, 2016.
This is our first video on the College Money Maze Podcast (As a brother/sister dynamic duo, do you think we look alike?). We were experimenting with a new platform called ZOOM. Great for meetings, trainings, presentations, interviews, etc…
In this episode, we present another parents/student scholarship success story. We want to introduce Brianna J., daughter of Aretha and Kevin. She is currently a freshman at Hampton University in Virginia. She and her mother talk in depth about the college search process, extracurricular activities, applying for local scholarship, sports (volleyball), HBCU and her entire journey.
We have a special guest for this BONUS episode – Sia Knight, The College Savvy Coach. She is a former teacher, counselor, administrator turned entrepreneur (founder of The College Savvy Coach) and educational consultant. She brings us some “pearls of wisdom” about scholarship and college admission in general. She has a FREE webinar – SUPER SCHOLARSHIP WEBINAR on February 4th, 2016 8pm EST (check FACEBOOK page for additional dates). You can register HERE for the webinar.
We are very fortunate to have her as a guest. She gives us a sneak peak into the webinar and share some of those secrets with us such as how to maximize your HS counselor to your advantage, how to compose an application strategy for college and some of the biggest mistakes that lead to less money for college.
[spp-tweet tweet=”It’s not Who You Know, it’s really WHO KNOWS YOU!”]
Get to know your H.S. Counselor. When they need to recommend someone for a scholarship, let it be you.
Teach your child to be their own best advocate.
Start your child with an internship or leadership building activity in middle school or early high school.
Teach your student to foster relationships early with other volunteer organizations if you are not that academic super star (to leverage later for scholarships). An example would be Boys & Girls clubs, Urban League or youth groups of fraternal organizations.
How to be a GREAT student – Good isn’t good enough! Colleges are looking for GREAT students: Grades, References, Extracurricular, Avatar (online presence) & Test Score.
Take courses in high school that are rigorous enough to let colleges know you can handle challenging courses.
Get recommendations from school counselor and supplementary ones as needed.
Don’t rush senior year and load up on extracurricular activities. Plan for that earlier in high school.
Believe that college reps do look at your online (google, Facebook, instagram etc…) image!
Be aware of the upcoming changes to the SAT and ACT.
I try to describe it for you but you must attend one local to you atlas 2-3 times between sophomore and senior year of high school. The first time attending a college fair with a sophomore (or younger) is just to get them used to the concept. The second time you attend with your child should be between 10th and 11th grade. They most likely have more of a focus or an idea of what they want to major in. If they are interested in sports, they will be attracted to those schools and teams that they have heard and/or seen on TV. By senior year, they will be laser focused when attending and only visit the top 5-10 schools of their choice and spending more quality time with the admissions person to show their genuine interest.
There is a lot of literature, brochures, cool stuff that they give away. The schools that caught our interest were:
Our guest on the podcast today is Michelle Kretzschmar, author and founder of DIYCollegeRankings.com. Here website is a resource for parents interested in a streamlined approach to college recruiting for the student athlete as well as searchable college lists (in Excel) that contain demographics and ranking criteria.
This searchable spreadsheet is great for anyone that loves research, loves data and wants the information at your fingertips. This will save you time from going to each of the college websites and be able to compare your choices, side by side. The existing search options are confusing and hard the data is hard to locate.
SCHOLARSHIP SPOTLIGHT: Doodle 4 Google contest for students/artists K-12. One winner will receive $30,000 DEADLINE: December 7, 2015.
SCHOLARSHIP SPOTLIGHT: The Mesothelioma Cancer Alliance will award $4000 to one student EACH SEMESTER whole life has been impacted by cancer. Apply now for the Spring 2016 Semester. Today’s topic is The Common Application. The purpose of the common application is for students to fill out one application, pay one fee and apply to multiple colleges at the same time.
This idea will save the student, time, money and their website also allows you to store all of your information in one place. They tout it as a seamless way to manage the admission process.
There are currently over 600 colleges that are currently members of the organization that administers the common application and the website.
One of the resources on the website is a list of all of the member colleges, their deadlines, fees, requirements and the schools test policy.
In contrast to this, 80 public and private (upper level private and ivy league schools) in the U.S. have forged a coalition – The Coalition for Access, Affordability, and Success – to improve the college admission process. Their goal is begin the “interactive process” with potential students earlier, as in 9th grade. There was a press release on September 28, 2015 to announce the coalition, its’ goals and how they intend on creating additional tools, resources and also accept applications through their portal beginning summer of 2016.