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Research Shows Need for Simpler Financial Aid Process

Financial aid programs that are simple and transparent are most effective for low-income students when it comes to not only getting those students to apply for the aid, but getting them enrolled in college at all, according to a scholarly paper released this week.

In a review of more than a dozen studies looking at how to make college more affordable and attainable to the neediest students, the paper “Into College, Out of Poverty? Policies to Increase the Postsecondary Attainment of the Poor” from the National Bureau of Economic Research looked at the effectiveness of a variety of programs, including popular federal and private scholarships, Pell Grants and subsidized student loans. The paper concluded that the easier it is for students to apply, the more likely they will be to apply, and the more likely they’ll be going to college as they wouldn’t have the funding to do so without applying.

The information that students are intimidated by paperwork and financial aid information isn’t surprising. A recent blog post showed the results of a recent study on how professional assistance while filling out the FAFSA boosts the number of students filling out the financial aid application and receiving generous funding. What was more surprising this time around was that certain programs lauded for their assistance of low-income students could be doing better, according to the paper.

An article in Inside Higher Ed today describes the authors’ position on the Pell Grant in particular. While the program is effective in targeting low-income students who may not have had the opportunity to attend college otherwise, the amount of paperwork required to receive an award makes the program not as accessible as it could - and should - be. A piece of a recent bill passed in the House and now awaiting Senate action ( the Student Aid and Fiscal Responsibility Act of 2009) would simplify the financial aid application process and potentially make low-income students more comfortable with the process.

The paper also concluded that programs tied to academic performance and that have a broad base when it comes to who can apply - even if the awards are not specifically tied to a student’s financial need - are more desirable to low-income students. Why would the neediest students want to compete against a larger pool of applicants for merit-based scholarships? Perhaps the applications for these awards are less time-consuming or easier to manage. Inside Higher Ed gives the example of Georgia’s HOPE program, which awards free public tuition to any student with a 3.0 GPA in high school.

The paper was written by David Deming of Harvard University and Susan Dynarski of the University of Michigan, with support from the Robin Hood Foundation. The Robin Hood Foundation is preparing to release a book on the topic: Targeting Investments in Children: Fighting Poverty When Resources are Limited. For more information on financial aid application strategies, including tips on filling out the FAFSA, browse through our site so that you’re prepared when it’s time to find money for college.

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Comments (0) Sep 30 2009

$1 Million in Scholarships Awarded to Top Urban School District

High school seniors in a school district in Texas will receive $1 million in scholarships after their district was named the winner of this year’s Broad Prize for Urban Education.  The award is offered annually by the Eli and Edythe Broad Foundation and is designed to reward notable gains in student achievement and in narrowing the achievement gap for poor and minority students.  Aldine Independent School District, which serves the Houston area, won the top prize this year, after having previously been a runner up for the prize three times.

The Broad Foundation names five finalists each year and from them, chooses a winner for the $1 million Broad Prize.  This year, the other finalists were Broward County, Florida (a two-time finalist); Long Beach, California (a former winner and three-time finalist); Socorro Independent School District in El Paso, Texas; and Gwinnet County Public Schools in the Atlanta, Georgia area.

Aldine won the prize based on a number of factors.  The Broad Foundation cited the district’s gains in breaking “the predictive power of poverty,” as the district’s predominately low-income students outperformed peers of similar backgrounds on state standardized tests.  The achievement gap for both low-income and minority students has been closing at Aldine, with a 14-point reduction in the achievement gap for African-American middle schoolers in math over the last four years.  Other successes included Aldine’s recruitment of highly qualified teachers, engagement with students, and districtwide standardization of education practices and curriculum (many poor families move around within the district, so making what is taught in each grade more uniform across the district helps them keep from falling behind).

The scholarship awards will help further the success of graduates from Aldine, with $20,000 over four years going to students who enroll in four-year colleges and universities and up to $5,000 over two years going to students who enroll in community colleges.  Students at other finalist schools will also receive scholarship money:  each of the prize’s four finalist districts will receive $250,000 to award to their high school students.

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Comments (0) Sep 18 2009

Now is the Time to Score Athletic Scholarships

With college football season underway, it’s a good time for high school athletes starting their senior years to be making their decisions on whether they’ll be pursuing sports on the college level. Athletic scholarships go a long way toward making those decisions easier, and even in a struggling economy, sports programs continue to set aside funding to better their teams. Better yet, even those who aren’t the top soccer, baseball or tennis player on the roster are eligible for scholarship opportunities offered by local groups outside of the NCAA awards looking to reward students who balance their schoolwork with athletics.

A recent article in the Chicago Tribune points to several tips for talented athletes in the market for scholarships, including making yourself known to coaches and schools early and often and making sure your grades are where they should be. Most athletic scholarships require a minimum GPA for eligibility, even if you’re the star of your basketball team. And even if you do get that coveted sports scholarship, you’ll be expected to maintain a decent GPA to be eligible for continued funding and a spot on the team. Student athletes should also keep an open mind about schools they’re targeting. Big-name schools are much more competitive, and unless you’re one of the top athletes in your field, they may offer much less play time even if you do make the team than smaller colleges outside of Division I. A college search is a good place to start to learn more about colleges offering your sports program.

It isn’t easy to be recruited for a full ride at a top university. A strategy of more students recently has been specializing in one sport, or getting involved in sports outside of football, baseball and basketball that get less attention to stand out more in the competitive world of sports scholarships. New sports scholarships in fields like lacrosse, for example, are becoming more common, and with new scholarships, the competition is often much less fierce than with more popular, established award programs.

For those who excel in both sports and athletics, straight academic scholarships may prove to be a good option as well, especially if you’re a good essay writer.

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Posted: under Back to School, High School, High School News, Scholarships, Sports, Tips.
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Comments (0) Sep 08 2009

Washington Monthly Ranks Colleges on Social Good

The Obama health plan isn’t the only hotly debated controversy in which the of the social good is currently being invoked.  College rankings also fall into this category with the release of Washington Monthly’s annual rankings this month, which differ sharply from the better-known U.S. News and World Report rankings, and focus primarily on universities’ contributions to the “social good.”

Washington Monthly publishes two sets of rankings, one for national universities and one for liberal arts colleges, each year.  This year, the top three spots in the magazine’s national university rankings all went to schools in the University of California system: UC Berkeley, UC San Diego, and UC Los Angeles, respectively.  The top three liberal arts colleges were Amherst College, Mount Holyoke College, and Williams College.  Amherst and Williams both appeared in U.S. News’ top three, as well, but rankings differed sharply for many of Washington Monthly’s other top schools, which included many state colleges, as opposed to the elite private colleges that dominate U.S. News.

A large part of the drastically different rankings comes from Washington Monthly’s chosen methodology, which asks as much what colleges are doing for the country as it asks what they can do for their students.  This is determined by looking at factors that include student involvement in national service, university involvement in research, and the social mobility attending college gives students.

The service index is achieved by looking at the number of current students involved in ROTC, the Reserve Officer Training Corps, as well as graduate participation in the Peace Corps.  Research is determined by the university’s production of PhD graduates, the number of degree recipients going on to achieve PhDs at other institutions, and other components such as research spending and faculty awards.  The matrix is slightly different for liberal arts college, as many don’t award PhDs and some don’t provide data for all of the research categories.  Social mobility is based on each school’s ability to enroll and graduate needy students, determined by a calculation involving the percentage of students who receive federal Pell Grants and the school’s undergraduate graduation rate.

Washington Monthly provides a more thorough description of their rankings system, as well as the rationale behind their decision to rank colleges, on their College Guide website.  Other magazines participating in the college rankings game include Princeton Review and Forbes Magazine.

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Comments (0) Sep 03 2009

Competition Continues to Grow in Admissions Process

High school students now have more proof that it’s as hard to get into college as they think it is. A study released this week titled “Playing the Admissions Game: Student Reactions to Increasing College Competition” looked at the record number of students applying to the country’s top colleges and the decrease in admission rates at those schools.

 
Not surprisingly, the “most pronounced increases in competition” were in the Northeast - New Jersey, Rhode Island, District of Columbia, Connecticut, Massachusetts and New York - where the most prestigious schools are located. The number of applicants accepted there fell by about 25 percent between 1986 and 2003. But competition has also increased everywhere else. Between 1972 and 2004, there was a 9 percent decrease in admission rates to four-year colleges.
 
The study, done by scholars from Harvard University and the University of Michigan for the National Bureau of Economic Research, looked at potential reasons for the numbers. Students have become more competitive on their own, taking more AP classes and upper-level math courses, and the sheer number of applicants for the same number of slots at colleges has contributed to the frenzy.
 
So is this good or bad?
 
The study suggests that students are getting more stressed than anything else. Among those applying to the most selective colleges, more students are doing homework for 10 hours or more per week. But the majority are spending less time on homework than studying for and taking standardized tests. More students are taking both the ACT and SAT, multiple times. (The results of the latest batch of SAT-takers shows a drop in two points, according to the College Board.) Students are also applying to more colleges than ever before, perhaps a reflection of more schools using common online applications and the pressure to get into the most competitive schools.
 
One good trend coming out of the data and contributing to a more competitive applicant pool is the higher number of female applicants in recent years compared to the 1970s when the study’s research pool began, an article by Inside Higher Ed says. Overall, it seems intense competition is here to stay, and it may do well for high school students to look beyond the most competitive colleges and make decisions based on whether a school has the programs they’re interested in pursuing instead.
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Comments (0) Aug 28 2009

High School Withholds Diploma After Student Blows Kiss

Did you think your high school’s administrators were strict?  Chances are they’ve got nothing on Suzanne Lukas, the superintendent of Bonny Eagle High School in Maine.  During the school’s graduation ceremony, a student pointed to his friends and blew a kiss to his mom when his name was called.  Instead of shaking his hand and handing him his diploma, the superintendent told him to return to his seat empty handed.  He still hasn’t received his diploma.

The story’s getting national media coverage as the student’s family demands an apology and a diploma from the school’s superintendent.  While this story certainly appears to fall on the extreme end of things, it does serve as a good reminder to high school students to take school policy very seriously until you have that piece of paper in your hand and are literally out the door for the last time.

This has us curious, though.  For those of you who have already finished high school: did you run into any incidents at your high school graduation where students’ diplomas were withheld?  What antics did you or your classmates get away with as high school seniors and as participants in your school’s graduation ceremony?

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Comments (1) Jun 17 2009

Eight Chicago Students Win New Full-Tuition Scholarship

Roosevelt University in Chicago has just awarded its first batch of full-tuition scholarships to students graduating from Social Justice High School, a school on the city’s southwest side.  Eight graduates from Social Justice High School earned four-year scholarships, each worth more than $80,000, for earning good grades and doing well on the ACT.

The program was announced in 2006 to give low-income students at a predominately Hispanic high school incentive to succeed in high school and go on to college.  To qualify, students must earn at least a 20 on the ACT and maintain a cumulative GPA of at least a 3.0 on a 4.0 scale.  The scholarships cover up to the full cost of tuition at Roosevelt for four years, minus other aid.  In addition, the students will also receive housing allowances of $11,000 per year to allow them to live in the Roosevelt University dorms downtown.

Winning scholarships can hold many benefits for students beyond just financial ones.  The Roosevelt University scholarships at Social Justice High School encourage students not to give up on academics and to push themselves in school.  Several of the recipients retook the ACT or put in extra effort on their coursework in order to qualify for the scholarship.  Winning a scholarship can also motivate students to be more successful in college, according to research into benefits of scholarships.

The Chicago Sun-Times has more information on the Roosevelt University scholarship porgram. This is just one of many generous local scholarships out there.  To learn about other scholarship opportunities, you can conduct a free college scholarship search.

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Comments (0) Jun 09 2009

Study Shows Standardized Test Prep Can Pay Off

Standardized tests area huge part of the college application process, and one of the biggest issues college-bound students and their families face is whether and how extensively to make use of ACT and SAT test preparation services. Standardized test prep can range from taking a practice test online to spending hours in intensive one-on-one tutoring sessions, with countless options in between.  Debate has raged for years over how much test preparation courses actually pay off, and a new study published by the National Association for College Admission Counseling represents perhaps the most ambitious effort to quantify these gains.

Through analysis of previous research, the NACAC study concludes that a consensus has emerged that score increases for students who use test prep services tend to be fairly small, often only 5 or 10 points on the critical reading section of the SAT and 10 or 20 points on the math section.  Evidence is still inconclusive as to ACT score gains, according to the study.  However, the study also surveyed college admissions offices to determine the impact of score gains and found that score increases on the upper end of this average range can have a significant affect on a student’s chances of being admitted to a top college.  Inside Higher Ed has a more detailed breakdown of the study and its implications.

With many high school juniors already signing up to take, or in some cases already awaiting scores from, the SAT and ACT, the release of this study is timely.  It is not a ringing endorsement of extensive and expensive test preparation programs, but does provide an argument for at least taking some time to familiarize yourself with the standardized test you will be taking before you show up for the test day.  If you’re competing for admission at your dream school or vying for an academic scholarship, those few extra points on your test score could make all the difference.

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Comments (0) May 20 2009

High School Seniors: Your Last Semester Still Matters

We’re now a solid week into May, and for most high school seniors, that means a switch back from obsessively worrying about making it into college to concentrating on the more immediate task of trying to make it to graduation while finalizing those all-important summer plans.  Once AP exams are out of the way and college deposits are paid, it can be tempting to shift focus entirely away from schoolwork and towards enjoying your last days as a high school student.

However, an article in USA Today warns that the temptation to just coast through the last days, weeks, or even months of one’s senior year of high school can carry dire consequences this year.  Colleges typically request a final transcript once you’ve officially graduated from high school, and often include language in their admission letter saying that their decision is contingent on receiving this information.  While colleges have always given this final semester at least a cursory glance, in previous years, they have tended to largely be forgiving.  But as with nearly everything else in college admissions, this year may be different.

Many schools are admitting more students and adding more names to their wait lists due to a larger group of applicants and greater uncertainty about where students will end up attending college.  As a result, it’s more possible now than ever that some schools will overfill their freshman class, prompting them to need to rescind some admission invitations, while others may find themselves drawing extensively from the wait list, meaning students who may not have been reevaluated at all are having their transcripts scrutinized for possible acceptance into their dream school.

Students are encouraged to let colleges know if any problems have come up that might jeopardize their acceptance for fall.  Your college would rather hear from you than your high school, especially if you are able to explain extenuating circumstances and how the situation has been addressed.  This is generally good policy if you find yourself falling short of requirements after something’s been awarded, whether it’s acceptance into a program or a college scholarship.  On the same note, letting schools know if something fantastic has happened your final semester of school also couldn’t hurt.  For example, if your GPA has jumped and you are now eligible for more financial aid at your college, contact the school and see if there is still funding.  I know people who have found themselves awarded university scholarships as late as July, and every time it was because they contacted the school, explained their situation, and asked about the award.

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Comments (0) May 07 2009

CollegeWeekLive

Are you getting ready to kick off the college search, but unsure where to begin?  Today and tomorrow, prospective college students can participate in CollegeWeekLive, a free college prep event featuring college admissions and financial aid information from schools and experts across the country.  The event takes place online at CollegeWeekLive.com and kicks off today at 10 AM EDT, with the first keynote address scheduled for 11 AM.

Participants in CollegeWeekLive will be able to visit virtual information booths and speak with admissions officers from colleges of all sizes in every part of the United States, as well as several online and international schools.  Current students from over 75 colleges will also be available to chat live and answer your questions about student life.

Admissions, testing and financial aid experts will also give live, streaming presentations throughout the day both days.  Topics range from athletic scholarships to standardized test preparation.  Speakers include Scholarships.com’s Kevin Ladd, who will be sharing information and advice about finding and winning scholarships.  Kevin will be speaking at 5 PM Eastern tomorrow, so take the opportunity to hear what one of our scholarship experts has to say!

If you’re a current high school student thinking ahead to college, this is a great event to check out.  Learn about colleges you may want to attend without spending hours in a car, and hear what people in the know have to say about paying for school.  Students who register also have a shot at winning prizes.

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Comments (0) Mar 25 2009

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