Category Archives: Money

Germany says no more free ride

nternational students (Non-German, EU, etc) Will start paying tuition fees

 

The State of Baden-Württemberg will introduce tuition fees for international students from the winter semester 2017/2018 onwards. The law stipulates that international students are required to pay 1,500 euros per semester. Additional revenue is necessary in order to further promote the internationalization of the institutions of higher education in Baden-Württemberg and to offer international students a more specific support during their studies.

The fees are for international students who enter for the purpose of study. Students from the EU, the European Economic Area (EEA) and from the Erasmus member countries are excluded from these fees. Refugees are also not affected. Students who received their general qualification for university entrance in Germany without German citizenship are excluded.

 

Don’t become a doctor…so argues a doctor

in a rather compelling essay in Business Insider; he argues that

the training time is disporption to

  • the cost
  • and debt
  • and satisfaction

 

Colleges for Twins

Got Twins?

Sure they are twice as much fun, and often twice the price, but it does not have to be that way when it comes to colleges. Twinversity offers up important considerations in the colleges search. Verywell offers a specific list of colleges offering discounts or scholarships for Twins

 

 

One For All: Scholarships for Multiples Who Attend the Same College

Generally, the available scholarship funding is offered when twins attend the same college.

 

Here are some colleges and universities with specific programs.

  • Randolph College, Lynchburg, Virginia. Offers a 15% discount on tuition when both twins are enrolled; the scholarship is renewable each year of enrollment. There is no application process; contact the financial aid department for further information. In 2008-2009, five sets of twins took advantage of the discount.
  • Sterling College, Sterling Kansas. Sterling College has had a Twin Scholarship program for 20 years or so. Each twin (or multiple births) students receives a 50% tuition scholarship. For 2009, that amount would be $9,000 for each twin. Both twins (or multiple births) must be enrolled full time at Sterling College and must meet admissions requirements of a 2.2 GPA and a score of 18 or above on the ACT.
  • Wilson College, Chambersburg, Pennsylvania. Wilson College is another all-female school that offers an annual scholarship for twins and triplets. It will pay 45% of each student’s annual tuition. To be eligible, all of the female siblings must enroll full-time each semester. Each recipient must submit her enrollment deposit by May 1 in order to receive this scholarship. Awards are made on a first come, first-served basis.
  • Carl Albert State College, Poteau, Oklahoma. The Paula Nieto Twin Scholarship was established by her twin, Penny Nieto Gooch, and family friends. This cash scholarship is awarded to twins. In 2006, the amount was $200 to each student.
  • Lake Erie College, Painesville, Ohio. This full tuition scholarship (up to 18 credit hours per semester) is awarded 50/50 if both are enrolled full-time at Lake Erie College. In essence, both twins can attend LEC for the tuition cost of only one.

 

 

  • Northeastern Oklahoma A&M College , Miami, Oklahoma. The Twin/Triplet Dorm Waiver covers the amount of semi-private room expenses for each twin or triplet who attend NEO together. It is available for both fall and spring semesters. Anapplication form is available online.
  • Kelley School of Business at Indiana University, Bloomington, Indiana. The Layton Frazier McKinley Scholarship is given to twins with a preference given to identical twins. Twin students must have a 3.33-grade point average or higher with a first choice of accounting as their major at the school. The amount is unconfirmed.
  • Eastern Michigan University, Ypsilanti, Michigan. The Furlotte Twins Endowed Scholarship is for upperclassmen enrolled in the College of Education Elementary Education Program with a minimum 3.0 GPA that exhibits promise, creativity, and academic conscientiousness. Preference is given to twins.

Multiple Sibling Discounts

Even if a college or university does not have a specific scholarship fund or award designated for twins, they may have a sibling discount program.

 

 

These programs offer a discount when siblings from the same family are enrolled simultaneously. Amounts vary and may be a set discount (ex. $500 per semester) or a percentage of tuition (such as 10-50% off the cost of tuition).

 

  • Quinnipiac University, Hamden, Connecticut. Full-time, undergraduate siblings concurrently in attendance at Quinnipiac are eligible to receive an additional $2,000 award, per year, in addition to their regular financial aid award. This award is applicable toward tuition only and is renewable each year in which undergraduate eligible siblings are concurrently in attendance.
  • George Washington University, Washington D.C. Not just for twins, the family program at GWU offers a 50% discount for a second sibling. For more information about the Family Grant at GWU, contact the Office of Financial Assistance at 2121 I St., NW #310, Washington, DC 20052, (202) 994-6620 or (800) 222-6242.
  • California Baptist University, Riverside, California. The Multiple Sibling Discount is designed to assist students from families with two or more members who are simultaneously attending the traditional undergraduate program at the university on a full-time basis. Recipients must be immediate members of the same family (siblings or parents) in which two or more family members are currently enrolled at California Baptist University on a full-time basis. Recipients receive $500 per semester for the Spring and Fall semesters.

Some others from TwinStuff

  • Morris Brown College (web site) — Atlanta, GA
    • Provide some financial relief for parents with twins who are enrolled full-time at Morris Brown College by waiving full tuition for one of the twins. Each twin must maintain a 2.0 GPA at the end of each academic year. Tuition for 2002-03 was $4184 per semester.
  • Northeastern Oklahoma A & M College (web ?site) — 200 I Street NE, Miami, OK 74354
    Twins/Triplets must attend NEO together. Provides $440 for each twin/triplet each fall and spring for room expenses.

  • West Chester University of Pennsylvania  Bonnie Evans Feinberg Scholarship
    To an incoming first year student from a middle-class, multiple – sibling family who is a solid “b” or better student. Renewable with maintenance of a 3.0 gpa (awarded to one student only per year).

While the liberal arts rock, if you gain these skills, you will roll into the job market

While politicians decry the neccesity of the liberal arts, many business leaders see the inherint value in the soft skill development embedded within their approach. 
But developing those skills only gets you so far. Want to be more competitive for the job market and be rewarded for it? Add at least one of the skills sets from below:

Sports scholarships

Wow, this looks cool: Look up who gives scholarships for which sports.  

For example, here is golf. 

1,328 schools sponsored varsity level Golf teams during 2014:
                Athletic Scholarships Average Athletic  
  Number Number of teams Varsity Athletes (1) Average team size limit per team ** Scholarship (2)
Division  of Schools Men’s Women’s    Men       Women  Men’s Women’s    Men       Women     Men       Women 
NCAA I               319               300              263               2,988               2,242            10              9                4.5                    6  $        14,234  $        15,373
NCAA II               248               231              181               2,431               1,416            11              8                3.6                5.4  $          5,770  $          7,024
NCAA III               311               293              184               3,180               1,424            11              8                     -                     -  $                   -  $                   -
NAIA                177               170              146               1,695               1,065            10              7                    5                    5  $          6,529  $          7,084
NJCAA               193               189                54               1,423                  267              8              5                    8                    8  $          1,800  $          2,170
Other Divisions                  80                 73                40                  575                  224              8              6                     -                     -  $              332  $              446
Totals            1,328           1,256              868            12,292               6,638            10              8      $          5,675  $          6,319

Great advice from someone who knows

Need money for college?

There are scholarship out there,but figuring out the best approach can be tough. Business insider is featuring two stories on Kristina Ellis, a young lady that won over $500,000 in scholarships, paying for both undergraduate and master degrees. The first article offers two direct insights, that seemingly obvious, prove critical in winning awards:

The Why–”As much as possible, you need to learn what is motivating the organization’s generosity before filling out each application.”

  • What descriptive words are used to describe candidates and values? (For example, you might see such words as overcome, perseverance, ambition.)
  • Are certain themes or words repeatedly mentioned? 
  • Does the organization place a high value on community service? If so, is one certain area of community service mentioned more than others?
  • What similarities do previous winners of this scholarship share?

The Who–”Each scholarship organization also has its own definition of an ideal candidate.”

The Second article offers a 7 point plan to finding money:

1. Start planning to pursue scholarships as soon as you know you’re going to college. 

2. Get involved in extracurriculars and your community. 

3. Apply for financial aid even if you don’t think you qualify. 

4. Don’t rule out expensive private schools.

5. Become good friends with the financial aid officer.

6. Cast your net far and wide. 

7. Look for smaller scholarships at home.

Kristina Ellis authored a new book called “Confessions of a Scholarship Winner,” earning 4.5 stars reviews from 162 ratings. 

Great advice from someone who knows

Need money for college?

There are scholarship out there,but figuring out the best approach can be tough. Business insider is featuring two stories on Kristina Ellis, a young lady that won over $500,000 in scholarships, paying for both undergraduate and master degrees. The first article offers two direct insights, that seemingly obvious, prove critical in winning awards:

The Why–”As much as possible, you need to learn what is motivating the organization’s generosity before filling out each application.”

  • What descriptive words are used to describe candidates and values? (For example, you might see such words as overcome, perseverance, ambition.)
  • Are certain themes or words repeatedly mentioned? 
  • Does the organization place a high value on community service? If so, is one certain area of community service mentioned more than others?
  • What similarities do previous winners of this scholarship share?

The Who–”Each scholarship organization also has its own definition of an ideal candidate.”

The Second article offers a 7 point plan to finding money:

1. Start planning to pursue scholarships as soon as you know you’re going to college. 

2. Get involved in extracurriculars and your community. 

3. Apply for financial aid even if you don’t think you qualify. 

4. Don’t rule out expensive private schools.

5. Become good friends with the financial aid officer.

6. Cast your net far and wide. 

7. Look for smaller scholarships at home.

Kristina Ellis authored a new book called “Confessions of a Scholarship Winner,” earning 4.5 stars reviews from 162 ratings. 

How much is your major worth?

Sadly this question always is answered in terms of money, not value, as in human value. Has your college degree made you a better person? Does your degree enable you contribute meaningfully to society? Do you live a lifestyle consistent with your values? If none of those are important to you, than this graph is for you:

 

 

This according to pay scale.

Your SAT and ACT test scores may matter more than just in admissions

As more and more colleges go test optional, we see even a great emphasis from the students on test preparation. While the SAT was originally concieved as a scholarship talent search to identify students who could be superstars but did not come from the typical background of the day, it morphed into the defacto entrance test for many colleges (along with the ACT). Many of us have told students that the test score does not matter beyond admissions. No employer will ever care. Sure, ever so often stories appeared about famous people’s test scores.

Celebrity

SAT Score (out of 1600)

College Attended

Paul Allen 1600 Washington State University
Will Smith Rumored to be perfect None
Ben Affleck Almost perfect Occidental College, University of Vermont
Bill Gates 1590 Harvard
Ben Bernanke 1590 Harvard
Bill O’Reilly 1585 Marist College
Ryan Fitzpatrick 1580 Harvard
James Woods 1579 MIT
Ben Stein 1573 Columbia
Kesha 1500 None
Scott McNealy 1420 Stanford
Natalie Portman 1400+ Harvard
Al Gore 1355 Harvard
Stephen King 1300s University of Maine
Meredith Vieira 1300s Tufts University
George W. Bush 1206 Yale
Derek Jeter 1200 University of Michigan
John Kerry 1190 Yale
Courtney Cox 1150 Mount Vernon College
Amy Tan 1100s Linfield College, San José State University
Kobe Bryant 1080 None
Scarlett Johansson 1080 None
Bill Clinton 1032 Georgetown
Peyton Manning 1030 University of Tennessee
Alex Rodriguez 910 None

It did not matter that some of these scores are impossible, like James Woods 1579, this was just for entertainment. But the SAT did not really matter after colllege. Only now, a start up will factor your SAT/ACT score when it loans you money. Upstart sees value in your test score along with what college you went to and your history of employment. So would Bill Clinton with his impossible 1032 get a loan at favorable rates? Of course Bill should probably avoid borrowing money with his better half running for President. 

 

Upstart is hot, according to Business Insider: “It’s issued more than 8,700 loans worth a total of $125 million in the past year, with about $20 million coming in June alone. Considering it targets millennials between the ages of 22 and 34, and most loans are below $35,000, it’s not a bad growth rate.” 

Update: A Florida law in the the making will reward teachers for their SAT scores. 

What it costs to study where…

According to an infographic created by Forbes based on student fess (this excludes tuition)

The information is culled from a report by the bank HSBC. I cannot find anything more recent than September, 2014. The more interesting document I found has to do with parent ambitions, which was just released froma survey of over 5000 parents in 16 countries. Some key insights: