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FAFSA Error Affects Thousands of Students’ Financial Aid

If your financial aid package for the upcoming school year seems off, you may want to have it checked. An error on the online Free Application for Federal Student Aid, better known as FAFSA, made some applicants appear far better off financially than they actually are.

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The error on the online form causes some low-income filers appear to be millionaires, which can have a dramatic impact on what, if any, federal financial aid they can receive.

Jeff Baker, policy liaison at the Education Department’s Office of Federal Student Aid told student-aid administrators at the Chronicle of Higher Education that the error has already impacted thousands of borrowers, and is likely to impact even more.

“It’s a serious problem,” Baker said at the National Association of Student Financial Aid Administrators’ annual meeting. “We have to fix it.”

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Cancer Support Organizations Provide Scholarship Opportunities for Those In Need

Cancer is scary. It’s scary to think about, and even worse to experience. It also takes incredible strength to fight cancer or support someone you love who is. Two organizations are doing their best to provide hope and comfort to those individuals who have experienced or are currently experiencing the difficulties of cancer.

The Mesothelioma Group and the American Childhood Cancer Society are two of many organizations who hope that by providing support and information to families facing cancer, they can also offer some level of stability and normality to their lives. One way both organizations are doing this is by providing scholarship opportunities for families in need.

Paying for college is a hard enough prospect to face, even without the additional hardship of supporting a family member through cancer treatments or experiencing the illness yourself. By providing scholarship opportunities, these organizations make the possibility of college a little more of a reality. Each organization offers something a little different, so it’s just a matter of finding which opportunity works best for the individual.

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The 5 Largest Charitable Donations Ever Made to American Universities

A private liberal arts school in rural Kentucky called Centre College has announced a $250 million donation from the Brockman Charitable Trust. Centre College has an enrollment of just over 1,000 students and the gift puts them in the top 20 worldwide for the all-time biggest charitable donations made to a university. While there’s nothing better than a quarter billion dollars to put your university on the map,—go Praying Colonels!— it’s only chump change compared to the charity that more well-known colleges receive. We’ve compiled a list of the five largest donations to American universities; how they came about, who gave them, and how they shaped the university.

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5. Johns Hopkins University, $350 million from Michael R. Bloomberg

When New York City Mayor Michael Bloomberg pledged $350 million to his alma mater earlier this year, his total lifelong donation to the university topped the $1 billion mark. His most recent donation will create cross-disciplinary programs and fund faculty appointments. The rest of the $35o million will help award 2,600 scholarships over the next 10 years.

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Sandy Hook Students Welcomed at a New School in Monroe, Connecticut

After last month’s tragic event at Sandy Hook Elementary in Newtown, students have yet to return to a classroom. As reported by CBSNews, the students at Sandy Hook Elementary in Newtown will be attending a new school redesigned specially for them.

The new school is in the town of Monroe. Signs saying “Welcome Sandy Hook Elementary School” and “Welcome. You are in our prayers” hung along the road greeting students, parents, and teachers as they made their way back to class today. Security will be enforced at the new school to ensure students, parents, and teachers feel safe.

A few weeks of renovating from volunteers and the former middle school known as Chalk Hill School in Monroe, Conn. is ready for these young students to step foot inside. Volunteers even made the school size friendly by raising bathroom floors for smaller children to reach the toilets. Students’ supplies from Sandy Hook Elementary and photos will be placed in the new school to make students feel comfortable. Experts and counselors say it is vital that students feel comfortable and back to a regular schedule. Read the rest of this entry »

First Scholarship for Illegal Immigrants Granted at a Massachusetts College

In Amherst, Massachusetts, Hampshire College has begun a scholarship fund earmarked for a select group of college hopefuls: illegal immigrants. The scholarship plans to give $25,000 to one student each year who lives in the U.S. but does not hold U.S. citizenship so that he or she can earn a degree. The first recipient received the scholarship for 2012-2013 school year.

The fund has $300,000 so far that was donated by alumni, students, parents, and other donors at Hampshire College. Currently, undocumented immigrants in Massachusetts must pay out-of-state tuition to attend college, with Hampshire charging $43,000 in yearly tuition. The federal government does not give any financial aid to illegal immigrants.

A handful of other colleges and universities also offer scholarships specifically for illegal immigrants, but this is the first in Massachusetts. States vary on their handling of the issue of whether to let illegal immigrants attend college and if they should receive discount rates. Most states treat them as international students and charge out-of-state tuition rates, with thirteen offering in-state tuition. Three states allow illegal immigrants to receive state financial aid, but three others – Georgia, Colorado, and South Carolina – ban them from attending state colleges and universities. Read the rest of this entry »

It’s Almost Time to Submit Your FAFSA for the 2012-2013 School Year

fafsaIf you are one of the many college students who needs help paying for college, there’s an important date in your near future: March 1, 2012. Why is this date important? Well, if you want to receive government funds to help pay for you education, you need to have filled out and submitted the FAFSA by this date in order to qualify for the 2012-2013 school year.

What is the FAFSA? FAFSA stands for Free Application for Federal Student Aid and is a federal scholarship for students. Many students qualify for this need-based aid, but you must reapply for it each year in order to receive the money.

In the past, the FAFSA had a reputation for being overtly difficult to complete. Recently, the FAFSA received a makeover, which makes it easier to understand and complete; however, some people still have trouble with it the first time they fill it out.

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Ralph Nader Wants to Eliminate Sports Scholarships

Former presidential candidate Ralph Nader plans to “de-professionalize” college athletics by getting rid of sports scholarships. Nader released his plan to cut them on Thursday. Unsurprisingly, he displays his contention for the scholarships at a time when March Madness creates a Super-Bowl-like hype for fans across the country.

“As we near the exciting conclusion of ‘March Madness’ — which would more accurately be described as the 2011 NCAA Professional Basketball Championships — it’s time we step back and finally address the myth of amateurism surrounding big-time college football and basketball in this country,” Nader said.

Nader, along with his League of Fans, hope to replace the scholarships with need-based financial aid, and he said that by eliminating them, student athletes would be less likely to have a “win-at-all-costs” attitude in high school.

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Buick to Award 1,100 Scholarships

Automotive giant Buick is awarding 1,100 scholarships to entering college freshman this year with the Buick Achievers Scholarship Program. The scholarships will be presented to students planning to major in STEM (Science, Technology, Engineering or Math), design, marketing or finance. Expressing an interest in the automotive industry, using the mentioned areas of study, is an important criterion for scholarship applicants.

The available scholarships will be presented in two denominations. One thousand students will be awarded an annual amount, for four years, of $2,000. Another one hundred students will receive an annual amount, for four years, of up to $25,000. One additional year of scholarship is available to those students entered in a five year engineering program. While the scholarships will be renewable, the eligibility is contingent on academic performance and maintaining study in approved majors.

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GoDaddy Offers Ten $10,000 Scholarships

GoDaddy ScholarsInternet domain registrar and web-hosting giant GoDaddy is offering ten scholarships worth $10,000 each. To apply for the scholarship, students must submit an essay in 500 words or less about how they have used the Internet or Internet technologies to further their educations. The essays will be judged on creativity and quality.

GoDaddy scholars must also have a current GPA of 3.0 or higher, an ACT score or 18 and higher or an SAT score of 860 and higher, and be a legal resident of the United States. Applicants are also asked to provide two non-family letters of reference.

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The Princeton Review Now Offers College Admissions & Financial Aid Courses

The Priceton ReviewResearching colleges can seem like an overwhelming task, and it may be difficult to know where to begin. Sites like ours can be a great place to start, but you may wish to speak with an expert about your specific needs. That’s why The Princeton Review has created new courses to help you navigate the college selection process. They are also offering financial aid courses, that can save you hundreds in the long run.

These courses are offered in a convenient LiveOnline seminar format. Parents and prospective college students can ask The Princeton Review’s experts all their hardest questions about the admissions process or applying for financial aid. They can help you with everything from filing the FAFSA to finding unique resources of financial aid. Students will also have access to recordings of their sessions for 120 days on their computers.

The classes range from $69.00 to $199.00, but EduInReview is offering our readers a special 10 percent discount on College Admissions & Financial Aid Courses, in addition to all test-prep classes.

Click here to save on Princeton Review College Admissions & Financial Aid Courses.


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