Tag Archives: merit aid

CMM 036 – Why Your 8 Year Old May Never Go To College – Episode 36

 

Planning for college is easier than being caught unaware of the costs

My son AJ is 8, and my fear is that he truly won’t be able to afford college, even if he is a top notch student. After all, I couldn’t when I was younger.

When I received my admissions letter in 1994 to George Washington University, I was stoked. I thought my life was getting off to a great start. Then I saw the cost of attendance…and soon left school for the US Navy. I’m proud of my service, but given the fact that the cost of college then is a fraction of what it is now, I wonder how many more kids are taking a similar path as well?

It’s time to surrender the notion that our kids could ever work their way through college; research has shown its no longer possible. College cost increases in tuition are consistently outpacing inflation. For those parents with kids not in high school yet, its time to face reality. What is increasing the pressure on those of us that have young children is the fact that the educational market is beginning to bifurcate between low-cost, and high-price colleges. Right now, there is still a large mix of college that meet the needs of many student background types; high gap/sat, high net worth, low net worth, and transfer/returning students. However this is changing as smaller private “gem” colleges that borrowed heavily during the boom years of the late 90’s early 00’s are having their budgets and endowments stretched due to lower enrollment as the cost rises.

What makes this worse is that these were the great colleges where students could attend for even less than state universities with the right merit aid award for middle class families. To discuss this we interviewed Grace Nunez (@CostofCollege) ( soon to be on one of my Top 10 Financial Aid Blogs For Parents) and she talks with us about the shrinking number of colleges that will be able to offer healthy merit aid to students they admit.

Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode36.mp3]

Download The Episode: CMM 036 April 30, 2014

SIGN-UP FOR JR’S FREE FINANCIAL AID TIPS FOR PARENTS NEWSLETTER!


Links Mentioned During This Episode

Cost of College – http://costofcollege.wordpress.com

Scholarship of the Week – Show Your College Love Scholarship

FinAid (a Mark Kantowitz) site – http://www.finaid.org

Paying for College Without Going Broke by Kalman Chany : via Amazon

Joy Luck Club by Amy Tan – via Amazon 

transcript after the jump.

Continue reading CMM 036 – Why Your 8 Year Old May Never Go To College – Episode 36

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How To Save Money While In College: Advice From Students

Saving For College

Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode14-10.mp3]
On this March 6, 2014 episode we interview students on the ground about what they do to control costs while in school. We also discuss the declining number of students attending their first pick college, and why a private not-for-profit college may be cheaper than a state school. And don’t forget our scholarship of the week, the McDonalds Scholarships for High School Seniors.

Download The Episode: Ep14-10 March 6,, 2014

Coding Schools From a Students Perspective: J’s Coding Adventure at Bloc.io

J Terrell AllenIt’s February 26th,  2014 episode we interview J Terrell Allen (@jterrell), a student of Bloc.io (@TryBloc) about their particular teaching style, and his learning experiences at their DevSchool. In addition we discuss the Big Ten Ponzi Scheme article I wrote at my blog Git. Life. Commit..

Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode14-9.mp3]

Download The Episode: Ep14-09 February 26th, 2014

How To Pick A Coding School: The Starter League & Learning In Person

The Starter League

[audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode14-8.mp3] <-Listen to the episode

On this February 19th,  2014 episode we interview Vincent Cabansag of The Starter League (@VCabansag) about their particular teaching style at their DevSchool, and how his time as a student there led to him eventually working there. In addition we listen to three students discuss how they approach paying for college in different ways.

Download The Episode: Ep14-08 February 19th, 2014

Scholarships for New Educational Methods: Bloc.io & The New Relic Scholarship

Bloc.ioOn this February 12th,  2014 episode we interview Prasid Pathak (@Prasid) and David Paola (@dpaola2) about Bloc.io (@TryBloc), the difference between Mentorship and Dev-Boot Camps, and the New Relic Scholarship.  Our scholarship of the week is The Margarian Scholarship.

Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode14-7.mp3]

Download The Episode: Ep14-07 February 12th, 2014

The 2014 Margarian Scholarship: A Scholarship For All Majors

2014 Margarian Scholarship
The 2014 Margarian Scholarship

Big ups to Cappex.com (@Cappex) for putting me on to this scholarship.  If you haven’t been to the site yet, check it our. The 2014 Margarian Scholarship is a scholarship everyone has time to apply for. Its broad based and is for all grade levels from High School to graduate school. 

A few tips on this one based on the application:

  1. Be concise: You have between 100-300 words for a response to each question. Given the number of apps they may get, you need to keeps your words economical.
  2. Don’t be Shy: This one is looking for pride; pride of self, pride of background, pride of accomplishment. This is not time to be a shy-guy/gal and stick to the sidelines. You need to push yourself out there as the best candidate because YOU ARE, not because YOU WILL BE! The law firm that offers this was founded by a man who didn’t start out speaking english well and had to pull himself up by his bootstraps. He is looking for people like himself when it comes to tenacity. 
  3. Dont depend on your ethnicity or poverty to get you the win: This one could care less if you are white, black, hispanic, or laotian. It cares about the level of pride you exhibit and your determination. While finances may have some impact, it is not the end all be all. You still have to present yourself the correct way.

This scholarship is a perfect example of a general scholarship where the competition will be broad and undefined. Keep in mind a solid and carefully thought out strategy will make all the difference when you apply.  No matter what, good luck!

How to Perform Your Scholarship Search Effectively: Cappex.com & The Diamonds In The Rough

Cappex.com ScreenshotOn this February 5th,  2014 episode we interview Chris Long of  Cappex.com (@Cappex) about their online scholarship search tool we talk about what makes this one so unique and how to make the most of it.  Our scholarship of the week is The Boren Scholarship for International Studies The scholarship for students going abroad is sponsored by the Institute of international studies in Washington DC. Also we  talk to a student on how to best place their assets before signing the FAFSA.

Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode14-6.mp3]

Download The Episode: Ep14-06 February 5th, 2014