Today’s episode is a review of the article – 10 College Expenses You Didn’t Expect and How to Pay for them. This can be found on the NERDWALLETwebsite.This is by no means a complete list of additional expenses but certainly an example of some you may not have thought or planned on for your child.
Mint (budgeting & bill paying software/APP for all college expenses)
Scholarship Spotlight : White Earth Scholarship Program – Eligible Native American/ Alaska Native students enrolled in post-secondary institution can receive $3000 renewable scholarship. This can be found on the Petersons website. They also have information about searching for the right college, other scholarships and test prep tips.
Do you have a food allergy? The prevalence of people with a food allergy is more than you think – to the tune of 15 million in the United States.
Today’s episode is with Dr. Monica Randall an expert who specializes in assisting students in getting into college, navigating the college admissions process particularly those with some type of allergy/sensitivity to certain foods. She talks about 8 major foods that can cause allergy symptoms.
Scholarship Spotlight – Samsung American Legion Scholarship. This scholarship is sponsored by electronic company Samsung. High School Juniors are eligible who are participants of their American Legion Boys State or Auxiliary Girls State and must be a direct descendant of a wartime veteran who served on active duty during at least one of the periods of war (World War I,World War II, Korean War, Vietnam War, Lebanon/Grenada, Panama, Persian Gulf War as well as Operations Enduring Freedom, Iraqi Freedom & War on Terrorism). Awards vary from $852-$20,000. For more information contact email@example.com. @samsungmobile
This episode is all about internships. We talk with an expert – Sharise Kent. She is the author of the book – The Internship Manual.
She talks extensively about her philosophy of how to “DO” college the correct way (i.e. get out in 4 years or less), use internships to design your career and dump the college debt.
Her journey includes having 6 internships as an undergrad student and 2 more as a graduate student. All of the above at the same time that you continue your studies and have fun.
Sharise talks at length about students being very deliberate in their approach to college and knowing how to play the game. For example, taking 15 credits instead of the standard 12 credits (as well as summer & winter sessions classes) will ensure that you graduate within 4 years but also saves you money.
When you first attend school, sometimes you have no idea what you want to study. Take the time the first year to explore topics. Changing your major choice more than once can be very costly (approximately $43k each time). The cost adds up in delayed graduation, additional tuition and lost employment.
There are a number of companies that have internships for freshman:
Scholarship Spotlight:Healthy Eating Scholarship – Sponsored by Nuts.com. They award three scholarships $500- $1500 to eligible high school seniors, undergrad or graduate students. Submit an essay. DEADLINE May 15, 2016.
This episode of the podcast is a discussion around an article that I came across that discussed the problem that millennials are finding themselves in the middle of. They are systematically being shut out of state financial aid. The article, “The financial aid policy that shuts out millions of students” is taken from the Hechinger Report.
Millennials is the fastest growing segment of our population that range in age from 18-34 years old. They are also the bulk of those attending colleges and universities around this country. The problem is that if you decide to defer, delay, post-pone going to college, your changes of qualifying for state financial aid diminish drastically each year that you wait. There can be many valid reasons millennials are not going to college immediately after high school such as traveling, needing to work and earn money to pay for their education, they start a family and need to take care of an infant, they need to work and take care of an elderly parent etc…
There are many states such as Michigan (mentioned in the article) that are penalizing millennials by having a restriction that says that if you apply for state tuition assistance and it has been more that 10 years from high school graduation, you don’t qualify.
Scholarship Spotlight – (NJ RESIDENTS) Survivor Tuition Benefits: Eligible children and surviving spouses of New Jersey Firefighter, emergency service workers and law enforcement officers who were killed in the line of duty may enroll free of tuition charges at any public institution of higher education.
This episode is an interview with Bill Phelan, co-founder of College Factual to discuss how data can help a student make a better decision by selecting the right college. This site is a data driven website that allows you to discover your unique strengths, matches you with the best major and begins selecting the right college according to that information. They publish significant data on their site for athletes, first year students as well as work with the Veteran’s Administration to identify veteran friendly colleges (@studentvets).
“An adult can make a bad decision and file for bankruptcy. A student at age 18 that makes a bad decision can’t walk away from their debt, student loans cannot be discharged in bankruptcy court”.
The goal is to have the most updated information about the true cost of a college, determine the value of selecting that major and what are the best colleges for that major and the outcome of your earning potential. This is also a great resource for Asian students since they have an office in #Beijing for the Chinese parents and students.
Changing the course while in college can be costly. The latest statistics suggest that 76% of students change their major once and then 50% of those students change their major for the second time. The COST of each change is about $45,000
They offer varies scholarships for students up to the age of 25. You must be at least a high school senior, received a GED, undergraduate or graduate student, U.S. citizen or permanent resident with a 2.0 GPA to qualify. @beyonce @S_C_
Today’s episode of the college money maze is a discussion about college scholarships, specifically about a young man (Blake Dawson) in high school who won over $1million to date. There was a recent video and article posted on our facebook community page for The College Money Maze. The video and article first appeared in the Courier Journal.
A student who focuses their efforts on finding college scholarships, wanting to be student loan debt-free can achieve that goal. He and others are living proof of that. There are a couple of key points that he makes and the writer of the article underscores:
Getting and staying organized from the beginning of the process.
Being diligent and researching each school on his list to see what college scholarships are available that he may qualify for. Many of them are not advertised on the general scholarship search websites.
Great quote from him – “If you don’t ask, you’ll never know”.
His parents set the expectation early on that it was his responsibility to find money to pay for his college education. Have a mindset of “excellence”.
He treated this just like a part-time job, setting aside a few hours on a Saturday to complete essays or during his study hall time at school.
He asked for help from his counselor and parents. They reviewed his essay and helped with his applications.
He did not let hearing the answer “NO”, deter him from applying for others.
He has not only earned a “Full Ride” for college, he has tens of thousands of dollars for all of the additional expenses that he will incur.
Completing the FAFSA puts you in a position to be eligible for institutional aid.
Being part of a debate club helped him market himself, especially in interviews with colleges.
College Money Maze MASTERCLASS (in NJ) for Parents of incoming HS Juniors. For more information/register for class, CLICK HERE.
All about Education Scholarship – This is located on the Unigo.com website. Deadline April 30, 2016. They are awarding a $3000 scholarship to a student 13+ at time of application who can answer the question – How will a $3000 scholarship for education make a difference in your life?
Create Real Impact Contest – Sponsored by Impact Teen Drivers. They are awarding up to $1500 for a student between the ages of 14 and 22 years of age. Student must submit an original work (video, music, creative writing or artwork) showcasing their idea for a solution to the very real problem of reckless and distracted driving. Deadline April 29, 2016
Denny’s Hungry for Education Scholarship – Sponsored by the Hispanic Association for Colleges and Universities. They are awarding $1000 to any student k-12, undergraduate or graduate with a minimum GPA 2.5. Applicant must submit an essay on how Denny’s can impact childhood hunger in their communities. Deadline is April 29, 2016
Yu have been accepted to college. Congratulations! Should you attend Admitted Student Day? ABSOLUTELY! This episode of the podcast talks about why you should attend the Accepted or ADMITTED STUDENT DAY at the college(s) that have sent your student acceptance letters. Those of you (of a certain age, 50ish) may not be familiar with this term because it was not around in the 80’s or 90’s when you or I went to college.This is a day in which the college invites all the students they have accepted to come to the campus, spend the day, take a tour and take this opportunity to ask additional questions or rule out all other options. This is before freshman orientation. The checklist and reasoning for attending was first seen on another website collegeparentcentral.com and we discuss it here.
If your student is thinking about blowing off Accepted or Admitted Student Day because he/she doesn’t know what it’s about, think again! This is the perfect opportunity to give them a fresh look at the school without the pressure.
Are you a PARENT OF A INCOMING JUNIOR HIGH SCHOOLER? Do you live in NJ? You should attend our MASTERCLASS. This is a class designed especially for parents of students that will be a junior in high school in September 2016. This is an opportunity to get organized, get a game plan, get information about scholarships and colleges. Join other parents, share resources, network and get scholarship strategies NOW!
If you believe that mastering several basic life skills is what has made you successful, you will love this episode. The podcast features Bridgette Lovett, wife of the our co-host Todd Lovett. We embark on a conversation about life skills that I came across from an article on the website Today.com: 8 Life Skills All 18 Year Old Should Have. This was an opportunity to assess how their son Charlie “measures up” and scores on this checklist. You can view this checklist and see how your child’s life skills compares.
An 18 year old must be able to talk to strangers
An 18 year old must be able to find his way around a campus, the town in which her summer internship is located, or the city where he is working or studying abroad.
An eighteen year old must be able to manage his assignments, workload and deadlines.
An 18 year old must be able to contribute to the running of a household.
An 18 year old must be able to handle interpersonal problems.
An 18 year old must be able to cope with ups and downs of courses and workloads, college-level work, competition, tough teachers, bosses and others.
An 18 year old must be able to earn and manage money.
An 18 year old must be able to take risks.
Do you think there are “other life skills that should be added to this list” Leave us a comment below. #howtoraiseanadult
This episode is a deep dive discussion about an online college degree and the value of this choice for your education. Our guest, Kimberly Wetter is the Marketing Director for SR Education Group and they publish the websites onlineu.org, guidetoonlineschool.com and grad reports.com.
We cover the whole gamut when talking about pursuing an online college degree, from financial aid, scholarships to lecture format to how they rate these colleges and universities.
We also discuss the differences between “for-profit” vs. “non-profit” colleges and the various types of accreditation. She provides some tips on how to distinguish which schools are a safe bet and which are “questionable”. Did you know that many well-known colleges have online degrees as well as brick & mortar buildings on campuses?
Here are a couple of universities that she mentions for you to consider – Western Governors University. Their concept revolves around the less time it takes you to complete your degree, the less money you have to spend.
Scholarship Spotlight – SR Education Group Scholarships – they offer two scholarships: $2500 for those attending community college (deadline July 16, 2016) & $5000 for teachers enrolled in a graduate program (deadline May 30, 2016)
Scholarship Spotlight – Babe Ruth League Scholarship – $1000 scholarship for high school seniors and current college students who have participated in a Cal Ripken Baseball, Babe Ruth Baseball or Babe Ruth Softball League during the ages of 4-18. Deadline July 31, 2016.
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.