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Is Student Loan Debt The Next Financial Crisis?

Posted in Uncategorized on 22nd February 2012

There’s no doubt that we’re all still a little sensitive when it comes to the economy. Although it’s been nearly four years since the start of, what we now call, The Great Recession, the world still hasn’t let down its guard. The new warning making its way through the financial media is the rising student loan burden. Some believe that this could bring down the economy in much the same way as the 2008 and 2009 mortgage crisis, but is that true?

BackgroundFor generations, young people have heard that the only path to success is through a college education. College remains the accepted path for 68.1% of high school graduates, according to the Bureau of Labor Statistics.

For most students today, student loans are the way to pay the expenses of a higher education. The average student loan debt for a college student in 2010 was $25,250, up 5% from the previous year, according to a study by the Project on Student Debt. For the first time in history, total student-loan borrowing for one year surpassed the $100 billion mark in 2010, making the total outstanding debt more than $1 Trillion.

Some believe that the problem will continue to get worse. Over the past 50 years, the rate of college tuition inflation has ranged from about 6 to 9% annually, sometimes twice the normal rate of inflation. With college becoming more financially out of reach and the economy largely failing to put all of the college graduates to work, experts believe that more and more people will be unable to pay these loans.

BankruptcyThe problem doesn’t stop there. Current laws don’t allow student loan debt to be written off by bankruptcy proceedings, regardless of how bad a person’s financial situation becomes, so graduates who are bankrupt will likely continue to pay on their student loan debt. Some students with more than $100,000 in debt may pay the equivalent of house payment each month for sometimes more than twenty years.

Economists fear that as this problem continues to grow, traditional purchases like homes and other economy-stimulating activities could be largely stifled, impacting the growth of an already fragile economy.

This problem is much more than a theory. A recent survey found that around 50% of bankruptcy attorneys reported significant increases in clients who list student loan obligations as a significant financial burden. Another survey of the class of 2005 found that one out of every four became temporarily delinquent or haven’t paid for a significant period of time.

The FixBankruptcy attorneys believe that the only way to fix the problem is to allow for student loan debt to be discharged in the same way as credit card or other debt through bankruptcy proceedings. Some believe that this would be just another taxpayer bailout of the student loan industry but since a large portion of debt is through government agencies, much of the debt is already held by taxpayers. Others believe that college tuition inflation needs to be brought under control, but there is little hope for that in the near future.

The Bottom LineThere’s no doubt that the student loan system is in desperate need of reform but comparing it to the mortgage crisis may be inaccurate. Although the total amount of outstanding student loans now stands at about $1 trillion, that number is small compared to the roughly $13.5 trillion in outstanding mortgage debt.

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Six-figure jobs without six-figure student loans

Posted in Uncategorized on 22nd February 2012

Finding a high-paying job is a catch-22: You can’t make more money without upgrading your skills, but in many cases getting another degree (or even just one to start) just isn’t affordable for everyone. And while we always advocate higher education, sometimes you need to forge ahead with life smarts, savvy skills and hard work and carve out a career of your own.  With that in mind, here are some high-paying jobs that don’t necessarily require a university degree – and what you need to do to get one.

Editor’s note: Unless otherwise noted, all salary figures are derived from PayScale.com and are average, Canada-wide estimates.

1) Real estate agent or brokerIf you have a background in the real estate industry, becoming a broker might be a way to boost your bottom line. Real estate brokers run the offices out of which real estate agents work, and are experts in the rules that govern the real estate industry in their province. Becoming a broker may differ from province to province, but in general, a licensed real estate agent can become a broker by completing provincial broker education and passing a qualifying exam. Income here averages about $126,000 per year, though varies widely. [More: Self-employment: Get excited about home/work!]

Income potential for an agent can also be high, depending on reputation, years in the business and geographic area.  As with most sales jobs, it takes putting in the time and hard work, being great with people, and offering the kind of customer service that incites positive word of mouth and glowing referrals.

2) Police officerAlthough wearing “the badge” doesn’t necessarily require a degree, applicants for this tough job must jump through a series of hoops to prove their smarts — and their mettle. You’ll have to be fit and fiercely competitive because physical fitness and agility are a key part of the program. While this has typically been seen as a man’s career, women shouldn’t be discouraged. More than 20 percent of the police force in Canada is already female, with many recruiters seeking to balance out the ranks. Total pay in this job, including salary, wages and overtime, can be more than $150,000 per year. [More: Success & Savoir Faire: 5 women who made their millions after age 40]

3) Small business ownerRunning a business you are passionate about can be a reward in and of itself, but the best part is that if you succeed, you get to keep way more of the spoils. This career isn’t without risk — Industry Canada estimates that 30 percent of new businesses fail within their first five years — but if you get it right, the results can be golden. PayScale.com puts the average pay for this job at between $24,000 and $120,000, but there’s really no limit as to how far a great business concept — and well-executed business plan – can take you.

4) Accountant/bookkeeperWorking as an accountant typically requires a college degree, but according to Evelyn Jacks of the Knowledge Bureau, a company that provides education and certification in the financial services sector, accounting is a growing field with a wide variety of opportunities for those with some experience and aptitude. Certificate courses and related exams in accounting and bookkeeping can often be pursued from home, opening up the door to jobs such as accounting clerk, accounting assistant or bookkeeper. The pay for these jobs is above average, but when it comes to hitting the six-figure mark, this is a promising track for aspiring entrepreneurs; strike out on your own and the earning potential is up to you. [More: 10 most valuable start-ups founded by women]

5) Medical sonographerAccording to the Canadian Association of Registered Diagnostic Ultrasound Professionals, sonographers are in short supply in Canada. These diagnostic medical pros use ultrasound technology to deliver key information used to diagnose and treat a number of conditions (not to mention determine whether your next bundle of joy will likely be sporting a lovely shade of pink or blue). In most provinces, sonographers need a three-year diploma. Those who work in the field can expect to earn between $48,000 and $100,000 per year.

6) Emergency medical technician (EMT)If you turn on the tube before dozing off, you probably have some idea of what an emergency medical technician does. These super-hero health-care professionals respond to emergency calls and treat and stabilize patients in the field before whisking them to the emergency room. This is an intense, fast-paced job that often involves long hours, but for those who thrive on making an impact, this may be the golden ticket. Becoming an EMT typically requires a two-year diploma, and the pay here tops out at $96,000, falling just short of six figures. But then, you can’t put a price on saving someone’s life. [More: Change your life, change your career: 5 steps to financing the career of your dreams]

The journeyThese fields have the potential to earn the big bucks, but getting top dollar isn’t easy. Only the best rise to the top, and it often takes years of hard work to get there. If you aspire to earning six figures, you’ll know when you’ve arrived. But in the end, it won’t be because of what you earn – but the journey you took along the way.

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TMCC offers financial aid information

Posted in Uncategorized on 22nd February 2012

As a way to help students plan for the cost of college, Truckee Meadows Community College will host Leap into Financial Aid night Feb. 29.

TMCC financial aid experts will be on hand from 6 to 7:30 p.m. to address all questions regarding Federal Student Aid (FAFSA), scholarships, veterans education benefits, Governor Guinn Millennium Scholarship, student employment, Gaining Early Awareness and Readiness for Undergraduate Programs (GEARUP) and the Success First Program.

The cost of education usually consists of tuition, fees for the number of credits you plan to take each semester, living expenses and transportation costs.

For more information about financial aid, visit www.tmcc.

edu/financialaid.

The high cost of student loans

Posted in Uncategorized on 22nd February 2012

Funding a tertiary education is no small feat – this expense is now in the same league as buying a car or even a home. The high cost of a higher education has made it necessary for many school leavers to take out student loans. Under-resourced parents can no longer hand out cash to launch their children?s career. The most they can do is sign surety for a bank loan. While a student loan may be a necessary evil, very few individuals realise how costly this option actually is.

If for example, you borrowed R30 000 for a period of four years at an interest rate of 15 percent, the repayment would be R815.66 per month. Obviously this payment would be a hefty commitment for a full-time student, so the bank allows the student to only pay the interest portion of the payment. The capital remains unpaid for the full period of the loan. The borrower can opt to settle the debt and pay the R30 000 or refinance it.

What this means is, that at the end of the four years the loan starts again. Unfortunately most people have to choose this route. So what started out as a four-year loan turns into an eight-year commitment with exorbitant interest charges. The interest amounts to a whopping R18 302.

It is a tough one to get around, so here are some tips to help you to avoid using this kind of financing.

Your first port of call would be to find an interest-free loan from a family member. Agree to a set monthly payment while you are studying and arrange for an increase when you start full-time employment.
Find out about grants or academic bursaries from your chosen place of study.
This is really simple – get a part time job. It may put a little extra pressure on you but many people have been able to juggle work and studies successfully.
Consider delaying your studies and work for a year to build up capital.
Find a job that offers a work-study programme. Beware, however, that if your employer pays for your studies, they may require you to work for them for at least three years.
Moving out of home may seem very appealing but it will cost you a small fortune. Stay at home and keep your overheads to a minimum.

Malloy Targets Scholarship Money Going To Students At Private Colleges In State – Hartford Courant

Posted in Uncategorized on 21st February 2012

HARTFORD — Gov. Dannel P. Malloy is seeking to cut $6.7 million in state scholarships for Connecticut students, including the elimination of scholarships for state residents at top private schools like Yale University and Trinity College.

Malloy is proposing to cut funding to the Connecticut Independent College Student Grant program, which provided need-based scholarships last year to more than 5,400 students attending 16 Connecticut schools. The program applies only to Connecticut residents who attend private colleges in the state, including the University of Hartford, Goodwin College in East Hartford, University of New Haven, and Albertus Magnus in New Haven.

For the first time, Malloy is seeking to end the program for any private colleges in the state with endowments higher than $200 million: Yale, Wesleyan University, Connecticut College, Trinity, Quinnipiac University and Fairfield University.

None of the Connecticut schools comes close in wealth to Yale, which has the nation’s second-highest endowment at $16.5 billion. But the $200 million endowment cut-off is a close call for some of the schools, including Connecticut College at $212 million, Fairfield at $254 million, and Quinnipiac at $277 million, according to figures in the Chronicle of Higher Education.

Judith B. Greiman, president of the association representing the private colleges, said the grants are highly important to many students who last year received an average of slightly less than $4,000. The maximum grant is more than $8,100, depending on a student’s financial need. Greiman and some legislators questioned whether the state should be spending additional money on elementary education while cutting college scholarships at the same time.

“We don’t want to close the achievement gap at K-12 and have a financial gap at college,” said Greiman, a former top official in the governor’s budget office under Lowell P. Weicker Jr.

To make the point, Greiman’s organization created 12 cards — akin to Major League Baseball cards —each of which shows a picture of a different student who is currently receiving a scholarship.

One of those students is Laquisha Springer of East Hartford, currently studying behavioral neuroscience at Connecticut College in New London with the help of the CICS grant.

“The cost of one year of a good education is worth more than my family’s yearly income,” Springer says on the back of her card. “The scholarships and grants I’ve received from my school and elsewhere have helped to take off some of the anxiety of funding my education, but it has not been enough.”

Another student, Nicholas Hamilton of Bloomfield, is studying business administration at Mitchell College in New London.

“Financial aid has helped out enormously because it takes a little burden off what my family has to pay for me to get an education — and knowing that I could get more grants and scholarships for performing well in college just pushes me to perform at my best,” he said.

The same program was cut last year under Malloy’s budget — from $23 million to the current year’s level of $18 million. Currently, students in the top six schools receive state scholarships totaling $4.8 million of that $18 million. For the second year of the two-year budget, Malloy wants to reduce the scholarships to $11.3 million.

The executive director of the state department that oversees the grants, Jane Ciarleglio, said that Malloy decided to draw the line at the state’s six richest universities.

“The governor thought that with an endowment that large, they can come up with institutional aid,” she said.

A spokesman for Malloy referred questions to Ben Barnes, Malloy’s budget chief. He was not immediately available for comment.

Rep. Roberta Willis, a Litchfield County Democrat and co-chairwoman of the higher education committee, fought against last year’s cuts in scholarships. Some lawmakers thought the battle was over, but Malloy came back with more cuts this year.

“No one likes to cut financial aid. It hurts,” said Willis, who also sits on the appropriations committee. “But this is even more painful than last year.”

More than 25 students and administrators signed up to address legislators during a hearing Tuesday night at the state Capitol complex. One of the students — Alessandra Cabral of the University of Hartford — told legislators that she is a mother who already works two jobs in order to afford the tuition with the hope of obtaining a degree in biochemistry. Without the CICS grant, she said, meeting her payments would be difficult.

“I would have to reconsider my whole life,” Cabral told legislators. “I don’t think I could afford to go to college.”

Keisla Medina of Bridgeport, who is majoring in business management in the Class of 2013 at the University of New Haven, says on her card that financial aid has helped her move toward her goal of becoming the first in her family to graduate from college.

“I was born in Puerto Rico, but I have been living in Bridgeport ever since I was a year old,” Medina said. “I am one of four siblings, and my mother is a single mother who for the past year has been unemployed. … Thanks to financial aid, my dream is slowly becoming true, but my dream is not complete until I graduate.”

Faced with cuts in the overall program last year as the state faced a dire financial situation, Yale University opted out from accepting the state scholarship money as “good citizens,” Greiman said.

But Sen. Toni Harp, a New Haven Democrat who co-chairs the budget committee and whose district includes Yale, said that was only a short-term decision.

“I expect Yale to be crying the blues,” Harp said Tuesday during a public hearing at the Capitol complex. “They took themselves out last year, but they said they don’t want to be out forever.”

As Ciarleglio was explaining Malloy’s higher education budget, Harp said, “Frankly, I don’t like any of your cuts.”

On a day of education hearings at the Capitol, Malloy spoke to students rallying for education reform after sunset outside the Capitol. The students held signs and listened as Malloy spoke in the area between the Capitol and the adjacent Legislative Office Building.

“This is our opportunity to bring real reform to education,” Malloy told The Courant after finishing his speech. “If we don’t reform education, we will not be competitive in the future. We have presented a 163-page document that is soup to nuts on reform, and I hope it will be taken seriously.”

Scholarship America® Announces New Board Member – MarketWatch (press release)

Posted in Uncategorized on 21st February 2012

MINNEAPOLIS and ST. PAUL, Minn., Feb. 21, 2012 /PRNewswire via COMTEX/ — Robert C. Ballard, Senior Vice President, Access and Outreach, USA Funds

Scholarship America®, the nation’s leading nonprofit scholarship and educational support organization, is pleased to announce that Robert C. Ballard, Senior Vice President, Access and Outreach for USA Funds, has been elected to serve as a member of Scholarship America’s Board of Trustees. He brings with him more than 29 years of higher education finance experience.

“I am honored to be selected to serve on the Scholarship America board of trustees. Scholarship America has been a valued partner to USA Funds in helping families prepare and pay for college. I look forward to working more closely with the organization to open the doors to college to every deserving student,” said Mr. Ballard.

Mr. Ballard currently directs USA Funds’ and its affiliates’ college access and outreach programs, philanthropic activities and the corporation’s strategic innovation activities. He oversees access and outreach activities that in 2011 provided funding totaling more than $13.5 million for programs to promote preparation for, access to and success in higher education. In addition, Mr. Ballard oversees the delivery of college support services delivered by two of the corporation’s Centers for Student Success and the development of new strategic opportunities, collaborations and partnerships. Prior to joining USA Funds in 2008, he held a variety of positions within the financial services and education finance communities.

Mr. Ballard serves on the boards of several community and charitable organizations; he is a member of the board of Bottom Line, a nonprofit organization that helps disadvantaged youth get into college, graduate and go far in life, and also serves on the board of the United Way of Central Indiana and its Ready to Learn-Ready to Earn committee. He is the immediate past chair of Indiana Dollars for Scholars, and Riverview Hospital Foundation in Noblesville, Indiana, and continues to serve on several board committees of both organizations.

“I am thrilled that Mr. Ballard has joined Scholarship America’s board to assist in our pursuit of postsecondary success for all students. His 29 years of higher education experience will be a valuable asset to our organization, and we look forward to benefiting from his insights and expertise,” said Lauren Segal, President and CEO, Scholarship America.

About Scholarship America®

Scholarship America is a national education service organization that mobilizes support for students getting into and graduating from college. Scholarship America has distributed more than $2.7 billion in scholarship assistance to more than 1.8 million students over the last 50 years. Scholarship America’s programs, which include Dollars for Scholars®, help fund both entry-level and multi-year scholarships, as well as emergency financial grants. More information is available at scholarshipamerica.org.

SOURCE Scholarship America

Copyright (C) 2012 PR Newswire. All rights reserved

Thanks to financial aid, Jewish summer camp enrollments rise, despite economy – St. Louis Jewish Light

Posted in Uncategorized on 21st February 2012

NEW YORK — Bills or bug juice?

With the economic recovery still struggling to take hold, many American Jewish families are finding they face a difficult question as deadlines for summer camp enrollment approach: Can they both pay their bills and send their kids to Jewish overnight camp?

“It’s a difficult decision,” said Shelly Zemelman, a school psychologist in Cleveland with four children. Her 16-year-old daughter, Batya, has spent four summers at Camp Stone, a modern Orthodox camp in Sugar Grove, Pa. that charges $3,500 for a four-week session. Other Jewish camps charge as much as $1,500 per week.

“It’s not a necessity like school — it’s a luxury,” Zemelman said. “If we had to send all four kids at the same time, I don’t think we could have done it.”

She said she knows several families who are considering dropping camp; one family made it work by alternating the years their children attend camp.

Jewish summer camp is not for the faint of wallet. But with new studies suggesting that the camp experience is a key component in boosting the Jewish identity of American Jews, it shouldn’t be expendable, say champions of camping.

A 2011 study “Camp Works: The Long-Term Impact of Jewish Camp,” paid for by the Foundation for Jewish Camp and conducted by Steven M. Cohen, Ron Miller, Ira Sheskin and Berna Torr, found that Jewish campers were much more likely to feel attachment to Israel, attend synagogue at least monthly, light Sabbath candles and donate to a Jewish federation than those who had not gone to Jewish summer camp. The study, which controlled for past Jewish experience, also found that camp attendance was correlated with moderate increases in the size of one’s circle of Jewish friends and the importance one ascribes to Jewish identity.

The study found that 70,000 kids attended Jewish overnight camp in 2010.

For many parents, the answer to the dilemma is in financial aid. Camp industry insiders say applications for financial aid have risen sharply since the economic crisis hit in 2008.

“Absolutely there’s been an increase in request for financial aid,” Jeremy Fingerman, CEO of the Foundation for Jewish Camp, told JTA. “There are current campers who have fallen on hard times and families that want to join camp for the first time but can’t make it an affordable choice for them.”

The 150 nonprofit camps in the FJC’s network have reported increasing scholarship allocations by 25 to 100 percent — often in addition to support offered by local foundations, federations or synagogues.

Yehuda Rothner, director of Camp Stone, said that requests for financial aid at his camp have gone up by 10 percent, but that the amount requested has gone up significantly more.

“People are asking for more money,” he said.

Over the last five years, the camp has more than doubled the yearly allocation for scholarships, from $100,000 to $220,000. There also has been a slight increase in “bad debt,” in which the camp makes accommodation for families who between the first and second payments find themselves unable to pay.

Ramah, the Conservative movement’s camping wing with eight overnight camps and three days camps, has increased scholarship giving to $4.3 million in 2011 from $3 million in 2008, according to Amy Cooper, Ramah’s national director. The Ramah scholarships, which include funds raised by local boards, synagogues, federations and foundations like the FJC, have benefited 500 families among the 6,500 attending Ramah camps each summer.

Not all aid is doled out according to financial need. Over the last four years, the FJC says its Happy Camper program has provided 30,000 financially blind grants of up to $1,000 to entice first-time campers.

“There are some families for whom the money is critical to deciding to go to Jewish camp,” Cooper said. “Our commitment is that every child who wants to go to Jewish camp can.”

Despite the weak economy, camp enrollment has continued to climb. The 150 nonprofit camps in FJC’s network have grown by 4 to 5 percent over the last four years. Fingerman attributed the increase in part to a drop-off in enrollment at for-profit Jewish camps, which tend to cost more.

Many credit the mix of scholarships and grants for boosting enrollment. Rothner said another factor may be at play: parents who are sending their children to Jewish camp instead of the Jewish day schools, which cost more.

“As day school prices increase, it is forcing a difficult situation down parent’s throats, and they’re having to make those decisions,” Rothner said.

Some camp administrators say the recession hasn’t had much of an impact on enrollment because their constituency is mostly high-income families.

Howard Salzberg, who has co-owned the for-profit Camp Modin in Maine for the last 32 years, said that enrollment at the camp — which costs $6,300 per four-week session — hasn’t suffered at all.

“People forgo other things before they won’t send their kids to camp,” he said.

For the campers themselves, how their parents pay for camp is easily forgotten once they’re there.

“I’ve never made friends like that — they were the people who have made the most impact on my life,” Batya Zemelman said.

Asked if she’d known anyone who had trouble affording camp, she paused as if she hadn’t considered the question before.

“There were a few,” she said, “but there were scholarships available.”

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College Resource Center more than scholarships – Cherokee Phoenix

Posted in Uncategorized on 21st February 2012

College Resource Center more than scholarships

2/21/2012 8:14:32 AM

College outreach specialist Ashlee Chaudoin, left, shows Susan Hall and Christopher Thompson where to find additional scholarships online in the College Resource Center in Tahlequah, Okla. Hall and Thompson are non-traditional freshmen at Northeastern State University. TODD CROW/CHEROKEE PHOENIX

College outreach specialist Ashlee Chaudoin, left, shows Susan Hall and Christopher Thompson where to find additional scholarships online in the College Resource Center in Tahlequah, Okla. Hall and Thompson are non-traditional freshmen at Northeastern State University. TODD CROW/CHEROKEE PHOENIX

By TODD CROW
Reporter

TAHLEQUAH, Okla. – Cherokee Nation’s College Resource Center offers students more than just help finding scholarships. It also offers counseling sessions, career exploration and help with filing for federal student aid.

CRC Manager Gregg Simmons said the department’s purpose is to make as many aspects of the college experience go smoother. To achieve that, CRC staff members begin working with students as early as junior high school by getting them to start thinking about what they want to do for a career.

“A lot of times we want to be what our parents are or we want to be something that we see all the time,” Simmons said. “So we’re just exposing students to the careers that are out there, not only the ones that you see every day, but the ones you don’t see very often as well, and how different degrees are applicable.”

CRC workers also know how stressful finding and applying to universities can be, so they offer the type of assistance students would receive if asking a university representative but without the school’s agenda.

“A lot of times a college recruiter will visit the students’ high school, and while giving them a lot of useful information, also had the end goal of persuading that student to attend their college or university,” Simmons said. “We don’t have that. We want them to go to a college or university, but not a specific one. So we’re able to speak to them in a different way.”

And the services provided by CRC do not end once a student enters college. Simmons said the career exploration the center provides is not limited to junior high and high school students, but is also available to college students looking for a way to use their degrees after graduation.
“We can help students that are in college, if they’re running into trouble, having problems in their classes, or having problems getting their financial aid processed,” he said. “Any of those things while they’re attending school, we can help them locate those resources at the college they’re attending.”

Simmons said it’s also easy to limit one’s thoughts about the CRC helping only traditional students who go straight from high school to college while ruling out non-traditional students. But the CRC is open to non-traditional students, too.

“We see people here all the time that are 50 or 60 years old and going back to school because what they were doing is not available to them anymore,” he said. “It doesn’t matter what age or where you are in life. You might have worked 30 years, but are now looking for something new. We can still help.”

Though the financial aspect of the CRC is strictly for CN citizens, its other services are open to anyone.
“I don’t check IDs at the door,” Simmons said. “If someone comes in here for help, we try to help them the best we can. When we go to high school and junior highs, I do not expect teachers to pull all the Indian kids out and talk to them. The information we give and the presentations we do are good for any student.”

For more information, call 918-453-5351 or email gregg-simmons@cherokee.org.

918-207-3961

Withlacoochee River Electric Cooperative to Award $720000 in College Scholarships – Classes2Careers News

Posted in Uncategorized on 21st February 2012

by Sandra Kelly on February 20, 2012

in News

Withlacoochee River Electric Cooperative recently announced plans to award $720,000 in college scholarships to local high school seniors.  This year’s scholarship program will be the largest distribution of scholarships ever made by the cooperative, easily topping last year’s number.  Previously, the Withlacoochee River Electric Cooperative awarded 75 scholarships that topped out at $6,000.  The upcoming round of scholarships will only be available to dependents of the cooperative’s 200,000 members.

The scholarship program was created to help cooperative members send their children to college.  With tuition rates rising every year, it has become increasingly difficult for families to afford a higher education.  The Withlacoochee River Electric Cooperative is just trying to do its part and give back to the community through this scholarship program.  Students do not need to attend a four-year university in order to receive a scholarship.  As long as a student attends an accredit school in Florida, he or she will be able to receive the award.

The foundation’s board decided to increase the number of scholarships from 75 to 90 this year and the maximum amount to $8,000 in order to help local students and their families afford their college education.  Scholarship recipients will receive $1,000 per semester for four years as long as they maintain a C average.

This upcoming year will be the fifteenth consecutive year of the scholarship program.  Since its inception in 1997, the educational foundation has awarded 1,159 scholarships worth approximately $5.2 million.  Students have until March 7th, 2012 to submit their application.  More information about this scholarship opportunity can be found on the co-op’s website at www.wrec.net.

Tagged as: College Scholarships, Financial Aid, Higher education, Scholarships for High School Seniors in Florida, Withlacoochee River Electric Cooperative

COLLEGE: HAAP, Kiwanis offer new scholarships for WSU Tri-Cities freshmen

Posted in Uncategorized on 21st February 2012

RICHLAND — New scholarships worth more than $50,000 are being offered through community partners for future students at Washington State University Tri-Cities in Richland.

“We are excited and thankful that so many organizations are stepping forward to help new students attend our campus,” said Sharon Holden, director of advancement and regional development at WSU Tri-Cities. “Our campus offers a great support system for students who need to stay close to home but have the dream and the potential to achieve a bachelor’s degree.”

Most of the new scholarships are in partnership with the Hispanic Academic Achievers Program, including:

* $10,000 chancellor’s award

* Six $5,000 scholarships (one for each HAAP member school district)

* $1,000 Blanca Torres memorial scholarship

* $1,000 URS HAAP scholarship

The HAAP students should download the application from http://www.haap.org and mail the completed application by March 15 to be considered for the WSU Tri-Cities and other HAAP scholarships. The WSU Tri-Cities scholarships are for full-time freshmen starting in fall 2012.

In addition, the Richland Kiwanis and WSU Tri-Cities announced three new scholarships, courtesy of the Curran Family Scholarship Endowment.

The Curran family is financing three $2,500 scholarships for graduates from Richland high schools who wish to attend WSU Tri-Cities as full-time students beginning this fall. Seniors graduating from Richland High, Hanford High, Liberty Christian, River’s Edge High and Tri-Tech Skills Center are eligible.

Find the link to the Richland Kiwanis Foundation scholarship application at http://www.tricity.wsu.edu. The completed application must be received by April 1.

Additional new scholarships this spring include:

* Gesa Credit Union is celebrating its 100,000th member with a new scholarship. In addition to its 10 existing $2,000 scholarships, a new scholarship of $5,000 will be awarded to one student who is a Gesa Credit Union member and who is planning to attend WSU Tri-Cities in fall 2012. Applications are at http://www.gesa.com and must be received by Feb. 28.

* Fluor provided $10,000 in engineering scholarships to new and returning students. These are being awarded through the WSU Tri-Cities scholarship application process.

“Our students are experiencing unprecedented tuition increases at a time when the state needs more college-educated employees,” Holden said. “All scholarship donations from a business, non-profit or individual are welcome at WSU Tri-Cities.”

WSU Tri-Cities was established in 1989 with upper division and graduate programs, In 2007, it expanded to a four-year undergraduate campus offering 18 bachelor’s, 10 master’s and six doctoral degrees. Learn more about the most diverse campus in the WSU system at http://www.tricity.wsu.edu or call 509-372-7264.

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WSU: Nursing grads to be recognized Friday in Kennewick candlelight ceremony

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WSU: Nursing grads to be recognized Friday in Kennewick candlelight ceremony

WSU: Nursing grads to be recognized Friday in Kennewick candlelight ceremony

KENNEWICK — Tri-Cities graduates of the Washington State University College of Nursing will be recognized at a public convocation ceremony at 7 p.m. Friday at the Three Rivers Convention Center, 7016 W. Grandridge Blvd., Kennewick.

No tickets are required. A reception sponsored by Kadlec Regional Medical Center will follow.

EVENT: Prospective WSU Tri-Cities students invited to Cougar Saturday

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EVENT: Prospective WSU Tri-Cities students invited to Cougar Saturday

EVENT: Prospective WSU Tri-Cities students invited to Cougar Saturday

Explore what Washington State University Tri-Cities has to offer for incoming freshmen, transfer students, graduate students, or those wanting to complete a degree during the Cougar Saturday information fair on Saturday.

Faculty and advisors will be available from 9 a.m. to 1 p.m. to answer questions about academics, financial aid, scholarships, the application process, student life, graduate school, transferring from another institution, changing from another WSU campus, and becoming a freshman at WSU Tri-Cities.

Veterans also can learn how to take advantage of the Post 9/11 G.I. Bill by enrolling at WSU Tri-Cities, which is a Veteran Supportive Campus (Washington State Department of Veteran Affairs, May 2011) and a Military Friendly School (G.I. Jobs magazine, October 2011).

See behind the numbers at WSU Tri-Cities

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See behind the numbers at WSU Tri-Cities

See behind the numbers at WSU Tri-Cities

By Brad Fisher and Mike Kluse, Special to the Tri-City Herald

Washington State University announced last week that enrollment at the Tri-Cities campus remained flat this year, but these numbers do not tell the full story of WSU Tri-Cities and the many things we have to celebrate about our local campus.

WSU Tri-Cities has gone through significant growth and change over the past several years and has fostered closer ties to its alumni, the community, region and state.

See behind the numbers at WSU Tri-Cities

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See behind the numbers at WSU Tri-Cities

See behind the numbers at WSU Tri-Cities

Washington State University announced last week that enrollment at the Tri-Cities campus remained flat this year, but these numbers do not tell the full story of WSU Tri-Cities and the many things we have to celebrate about our local campus.

WSU Tri-Cities has gone through significant growth and change over the past several years and has fostered closer ties to its alumni, the community, region and state.

WSU Tri-Cities continues to be the most diverse campus in the WSU system. This fall, nearly 23 percent of the overall enrollment is made up of students of color, with the majority being Latino.

Financial aid event set today at CBC

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Financial aid event set today at CBC

Financial aid event set today at CBC

PASCO — The federal government is giving out money for college, but you need to apply soon to have a decent chance at it.

In the next two weeks, communities across the state are helping students apply for financial aid by filling out the FAFSA (Free Application for Federal Student Aid).

CBC is the host of College Goal Sunday today at noon in the Thornton Center, 2600 N. 20th Ave., Pasco.

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