Greensheet (Fort Worth, Tex.), Vol. 32, No. 145, Ed. 1 Thursday, August 28, 2008 Page: 2 of 44
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Page 2
August 28-September 3, 2008
I VERS ON
BUSINESS SCHOOL
Financial Aid Available
To Those Who Qualify
Day/Evening Classes
No High
School Diploma
^ Required
• Surgical Technician
• Pharmacy Technician
• Medical Assistant
• Medical Records Coder
& Claims Technician
Legal Assistant
Court Reporting
Medical Transcriptionist
Computer Network Technician
Business Office Specialist
1600 E. Pioneer Pkwy., Suite 200
Arlington, Texas 6010
www.iversonschool.edu
817-274-6465
Not ce of Hol iday Dead! ne Chanoes 1 ^
Changes
Greensheet will be closed Monday, September 1st
in Observance of Labor Day.
Please Note the Monday, September 1st
Deadline Changes Below:
Areas:
Dallas City, Dallas South
Commercial Deadlines:
(214)853-6088 (Dallas)
(817)820-1700 (Tarrant County)
Friday, August 29, 5pm
Line Ad Deadlines:
(800)687-6412
Saturday, August 30,2pm
Delivery Dav:
Wednesday, Sept. 3rd
All Other Deadlines Will Remain The Same
Greensheet Wishes
You A Safe
Lsfcif Day I
nMCTnorv inllnGi
Financial
Finding Funding For College
Financing an education is a costly endeavor. Luckily, there are
many loan options and scholarship opportunities to lessen the
burden on students.
By: Christie Bohm Chase, Staff Writer
Each year nearly 2 million students enter
college as first-time, full-time freshmen,
incurring bills ranging from a few thousand
dollars to tens of thousands of dollars. In
addition to first-time freshman, many millions
more will enroll in a collegiate program as a
part-time students.
Today, the average cost for one year's tuition,
fees, and room and board at a four-year public
university costs about $10,000. At a private
college, the average is $25,000; and at highly
selective schools, such as Stanford or Yale, the
figures total more than $30,000. Since public
schools receive a large portion of their funding
from their state government, they can charge
students who live in that state relatively low
tuition rates. Students from other states (out-of-
state students) usually pay slightly higher
tuition. Private schools, who charge the same
to both instate and out-of-state students,
receive little funding from state and local
government causing higher tuition rates.
Finding Financing Opportunities
Each year, billions of dollars in financial aid
grants, scholarships, work-study jobs, and low-
interest loans are available to college-bound
students from the Federal Government. In fact,
almost one-half of all students who go on for
more education after high school receive
financial aid of some kind. The key to obtaining
monetary aid is understanding the financial aid
process. The government uses your Expected
Family Contribution (EFC), which is a specific
money amount determined by your college,
which indicates how much you're able to pay
for college, and how much aid will be available
to you. Your EFC is based on a number of
factors, including: family size, parents' marital
status, age, adjusted gross income, untaxed
income, savings, investments, business assets,
home equity, and taxes paid. No matter what
your financial situation, college admissions
counselors strongly suggest filing the free
application for Federal Student Aid (FAFSA).
Many corporations businesses, labor unions,
professional associations, religious organizations,
credit unions, and other organizations offer grants
and scholarships to students who meet specific
criteria. Most require that recipients maintain
certain grade levels or take certain courses.
You can find out about the availability of such
scholarships by researching in the library,
browsing on-line, or conferring with your school
counselor.
Loans are a common type of financial aid
available to both students and parents of
students. Like a car loan or a mortgage for a
house, an education loan must eventually be
repaid. Often, payments on such loans do not
begin until the student finishes school. Typically,
the interest rate on education loans is lower
than for other types of loans. Because a loan
must be repaid, whether or not a student
finishes school or gets a job after graduation, it
is important to consider a college's graduation
and job placement rates when choosing a
college.
Federal student loans are the largest source
of college loans. Typically, federal student loans
like a Sallie Mae loan have very attractive
terms when compared to private loans. It is
wise to start your loan search by looking at
Federal options before reviewing private loans.
In addition to whatever Federal loan you get,
many students find that they need more
funding for school, and opt to get a second
loan from a private financial institution. Also
known as alternative student loans or personal
student loans, these loan terms can vary
greatly, as many are based on your credit
history.
Additional Ways To
Cut College Costs
Although you can't avoid paying tuition fees,
there are other means to save money and still
get an exceptional college education.
AmeriCorps is a domestic Peace Corps that
employs thousands of young people to work on
community service projects around the country
in exchange for a living allowance, health care,
and an education award of almost $5000 per
year for paying back a student loan or for
financing post secondary education.
Most high schools offer Advanced Placement
(AP) Courses and Exams to students who
meet certain academic requirements. AP
courses are college-level courses that help
students prepare for college-level work. After
taking AP courses, students can take AP
exams offered in the same subjects as the AP
courses. If students score a grade of 3 or
higher on an AP exam, they can often receive
college credit. Earning college course credit
can result in savings in college costs.
Many college-bound students save money by
enrolling in a two-year community college, then
transferring to a four-year college. Community
colleges usually charge lower tuition rates than
four year universities. After a student completes
an associate's degree or certificate in a two-
year college, students can often transfer to a
four-year college and work toward a bachelor's
degree. If your child chooses this route, he or
she needs to take community college courses
that will count toward a bachelor's degree.
Some universities offer work-study programs
that enable students to combine work and
classes. A work-study job is often part of a
student's financial aid package. The jobs are
usually on campus and the money earned is
used to pay for tuition or other college charges.
Additionally, many students work during the
summer and/or part time during the school
year to help pay for college.
The armed forces offer educational programs
during or after active duty. If your child prefers
to work toward a college degree immediately
after high school, attending one of the military
academies or attending a civilian school and
enrolling the ROTC program are options. If your
child wants to join the armed forces before
attending college full time, he or she can attend
college after military service by taking
advantage of the Montgomery Gl Bill or by
obtaining college credit for some of the military
training he or she will receive.
Web Resources:
www. collegeboard. com
www.finaid.org
www. salliemae. com
www. nslds. ed.gov
www. estudentloan. com
www.simpletuition.com
www.students.gov
Greater Fort Worth Greensheet
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Business 817-820-1700 Personal 1-800-687-6412
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Greensheet (Fort Worth, Tex.), Vol. 32, No. 145, Ed. 1 Thursday, August 28, 2008, newspaper, August 28, 2008; Forth Worth, Texas. (https://texashistory.unt.edu/ark:/67531/metapth398198/m1/2/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; .