Renascence School Education News - private school

Thursday, March 26, 2015

Simple Mistakes That Can Hurt Financial Aid Prospects

Forbes – Robert Farrington

“Now is the time to find the most financial aid possible to help with the costs of school. It can be a challenge, though, to find financial aid, especially given the fierce competition and limited amount available. It all starts with the FAFSA, the Free Application For Federal Student Aid. Then it includes the hunt for scholarships and grants. Finally, it ends with potentially taking out student loans. But what if none of these were options? What if a simple mistake made it impossible to get financial aid? It happens, and it can make financing college difficult. Here are the top mistakes families make when it comes to preparing and applying for financial aid.”(more)

Sunday, March 8, 2015

The School Where Everyone Fills Out The FAFSA

NPR – Owen Phillips

“Every year, more than 2 million students who would qualify for federal Pell Grants fail to fill out the form that determines eligibility — the Free Application for Federal Student Aid. But not one of those 2 million students goes to Dr. Martin Luther King Jr. College Preparatory School in Chicago. That’s because Alana Mbanza, the school’s college and career coach, won’t rest until all of her seniors complete the famously complicated and lengthy form, commonly known as the FAFSA. Most days you can find Mbanza, laptop under her arm, roaming the hallways. She’s looking for students who haven’t submitted their FAFSA. She can help them complete it on the spot.”(more)

Tuesday, March 3, 2015

Solving Oregon’s chronic absenteeism problem: Would financial incentives motivate schools or punish students?

Oregon Live – Betsy Hammond

“Oregon lawmakers are hotly debating a bill that would gradually change state school funding to a formula based on the number of students who come to school rather than the number enrolled. Principal-turned-legislator Rep. Betty Komp, D-Woodburn, is pushing House Bill 2657, which would make that switch, starting by funding kindergarten based on kindergartners’ attendance in 2016-17. By 2020-21, all grade levels would be funded that way. But several members of the House Education Committee said Monday they will vote against the bill, which is exactly the position that the state teachers union and the Oregon School Boards Association urged them to take. Students who come from low-income homes are most likely to miss a lot of school, so schools in poor communities would be harmed, and family factors outside of schools’ control contribute to absenteeism, said Portland Democrat Lew Frederick and Salem Republican Jodi Hack. Schools need more money and more support, not a hammer hanging over them that they will lose funding if they don’t fix high rates of chronic absenteeism, they said.”(more)

Thursday, February 26, 2015

Why Are So Many College Students Turning Down Free Money?

The Atlantic – Terrance F. Ross

“The ceremonial tossing of college-graduation caps into the air was once a symbol of liberation. Now, it often signifies a future tethered to massive student debt, which takes a borrower 14 years on average to repay. Most recent graduates struggle to escape its wrath; after all, student debt in the United States now amounts to $1.16 trillion, $31 billion more than it was last year…So, why did prospective college students, according to new estimates, turn down nearly $3 billion in free federal-aid money last year? The answer appears to be two-fold: the red tape of the financial-aid process and the widespread financial illiteracy plaguing the nation.”(more)

Monday, February 23, 2015

College freshmen need to beware of bait-and-switch aid offers

Reuters – Liz Weston

“Families receiving college financial aid offers this spring should beware: what they see this year may not be what they get next year. Some colleges make their most generous offers to high school seniors as a lure to attend, a practice known as “front-loading.” But those returning for their sophomore and subsequent years at university may get thousands of dollars less in grants and scholarships than they did as freshmen. Often, the free money is replaced by student loans. About half of all colleges front-load their grants, according to financial aid expert Mark Kantrowitz, who analyzed data from the National Center for Education Statistic’s Integrated Postsecondary Education Data System.”(more)

Sunday, February 15, 2015

The most common college financial aid mistakes — and how to avoid them

The Washington Post – Valerie Strauss

“The Free Application for Federal Student Aid (FAFSA) is a gateway to money for college. Not only is it used to apply for federal student aid, such as the Federal Pell Grant, Federal Work-Study, Federal Perkins Loans and Federal Stafford Loans, but it is also used to apply for student financial aid from state governments and most colleges and universities. But, applying for financial aid can be complicated. Financial aid involves an alphabet soup of acronyms, like FAFSA, EFC and SAR, and is like speaking a foreign language. Edvisors.com has more than 750 terms defined in its financial aid glossary. The FAFSA itself has more than 100 numbered questions, presenting many opportunities for potential errors. The “Filing the FAFSA” book, available for free download at www.edvisors.com/fafsa-book, offers hundreds of pages of advice and insights into completing the FAFSA correctly. Some of the most common errors involving the FAFSA that affect financial aid eligibility include:.”(more)

Thursday, February 5, 2015

The 15 Colleges That Pay You Back The Most: Princeton Review’s 2015 Ranking

The Huffington Post – Alexandra Svokos

“If you want to avoid years and years of massive student debt and start making good money soon after graduation, a new “Colleges That Pay You Back” list from the Princeton Review indicates that you might want to set your sights on a solid engineering school. The Princeton Review created these rankings by developing a “Return-on-Education” rating based on a school’s academics, graduates’ career prospects and affordability — including financial aid and grants for students in need.”(more)

Sunday, February 1, 2015

Financial Sense 201: Going Beyond the Classroom and Making Smart Financial Choices Now

The Huffington Post – Chris Mettler

“Tom Hanks said, “While I was (in college) I was exposed to this world that I didn’t know was possible.” College is definitely a time of discovery. We’re exposed to new ways of thinking and begin to form our own ideas about the world. Of course, it’s also a time for fun. College students are straddling the line between still being young and being faced with adult decisions. Straddling that line between teenager and adult can be difficult to manage for some students. College may be their first time away from home, which adds to the stress of managing a budget, paying bills and making decisions that will directly impact their future. For many, it is tempting to rack up debt now and worry about it later. College should be fun, but it’s also vital that students start thinking about their future and what life will be like after graduation.”(more)

Tuesday, January 6, 2015

Avoid easy-to-make mistakes on your financial aid application

Reuters – Liz Weston

“(Reuters) – One of the worst mistakes you can make with college financial aid is simply failing to file the all-important Free Application for Federal Student Aid. The U.S. Department of Education began accepting FAFSA applications for the 2015-16 academic year on Jan. 1, and most forms of financial help – grants, loans, work study – depend on your turning it in.”(more)

Thursday, January 1, 2015

6 Steps to Filling Out the FAFSA

Homeroom – Staff Writer

“Need to fill out the FAFSA® but don’t know where to start? We’re here to help. You’ve already done the hard part and gathered all of the necessary information, so now it’s time to complete the FAFSA. Let us walk you through it step by step:”(more)