money for college

money for college

Is Grad School a Waste of Money?

I hear it all the time: “A graduate degree is the new bachelor’s degree.” Meaning, to get ahead in your chosen career path, you not only need four years of schooling, but six. However, recent studies show that even grad school won’t benefit everybody.

“I expected to get out of grad school and find a job fairly easily, even in the down economy,” said Eric Peters, who earned a master’s degree in 2009 from Radford University. “What I found after applying to more than 150 jobs was that experience weighs far more than education. And I’m talking paid full-time experience, because I had four internships under my belt when I graduated that didn’t seem to matter very much.”

Peters, who got his degree in corporate and professional communications, learned after some extensive job-hunting that experience out ways education in the communications field. In the end, he settled for an entry-level position, which are generally reserved for young, inexperienced workers.

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KFC to Give $20,000 Scholarship for Tweeting

If you love to tweet and you need money for college, then look no further. KFC will give $20,000 in scholarship money to a high-school student with the best tweet.

With a character limit of 140, applicants must write a short statement to explain why they are worthy of such a scholarship.

“It’s judged based on quality, creativity, ability to tell a story on why they should receive the award, and the entrepreneurial drive and desire to pursue a college education,” Rick Maynard said, a KFC spokesman.

The contest started on Nov. 17 and will end on Nov. 26. The winner will be revealed on Dec. 1. To apply, tweets must include the hashtag #KFCScholar.

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6 Unexpected College Expenses

money unexpected expensesYou’ve paid the tuition bill, so what’s next? Sorry to be the bearer of bad news, guys, but if you haven’t figured it out already, it doesn’t end there. There are hidden expenditures that come with college and, no, I’m not talking about keg rentals or midnight Starbucks runs.

Here’s a list of unexpected, but unavoidable, college expenses and ways to save on them:

Textbooks: Plan on spending $1,000 or more on textbooks if you purchase them in the college bookstore. Check out, and for new or used books. Check out for rental books. You can also purchase electronic versions of textbooks which can be half the cost of a printed version.

Electronics: You’ve got to have a computer and an alarm clock, right? It’s estimated that students spend almost $750 on these kinds of gadgets. But do you really need all of them? Things like iPods, game consoles and digital cameras are nice to have but you can live without them. Before you decide which electronics to buy, pick ones that you know you will use the most. Check out pawn shops and to find deals on used electronics. Read the rest of this entry »

How to Ask Mom and Dad for Money

moneyCollege students are known for two things: being bogged down with homework and being broke. College teaches students how to live on very little and still survive, because between tuition costs, books and school supplies, students often have nothing left. This is partly the reason why so many students fall into the trap of taking out multiple student loans to supplement for the things they cannot afford. For some, it’s as serious as not having enough to eat, while others want money for the occasional luxury of going out to eat or buying clothes.

One thing students hate to do when it comes to money is ask mom and dad. When you leave home for college, it’s usually the first step of being out on your own, and many students don’t want to admit to their parents that they need help. But most parents would rather their child take a loan from them than have them take out student loans that charge interest and often give students more cash than they need. Read the rest of this entry »

Make an Effort to Find College Scholarships and Grants

It’s no secret that higher education has become outrageously expensive. With that in mind, it’s worth putting in some serious effort to find yourself some financial aid that doesn’t have to be paid back—that is, scholarships and grants. Yes, it can be time consuming to look for scholarships and to fill out all of those applications, and it can be frustrating when the answer is “no” (and it will be more often than not, most likely). But with some work, you can reduce your student loan debt and your stress level by finding some free money—so believe me, it’s worth all that painful effort!

So where do you find scholarships? Here’s one thing many students don’t know: most scholarships are local, as opposed to national. That is, you’ll find lots of businesses, religious organizations, minority organizations, and others who are looking to give away money to students from a specific geographic region. These scholarships usually are for less money than national scholarships—but they also are far less competitive.

How do you find these local scholarships? Your high school guidance counselor or college advisor is one good source to ask. Be sure to visit the library and check out the most recent scholarship directory you can find. If you or your parents belong to a community or religious group, ask if there are any scholarships available to members, or if they can refer you in the direction of a scholarship. Also, take a look in local publications. And, of course, you’ll want to search the Internet.

One thing to watch out for: companies that want to sell you information about scholarships and grants. They’re all over the Internet. Scholarship and grant information is readily available for free, so don’t let anyone sucker you into this scam.

Remember, lots of money is out there. You just need to take the time to apply, and to have a thick enough skin to deal with rejection. Best of luck searching for scholarships and grants!


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