Daily Aid 16: The Coming Financial Aid Crisis
Let’s pull together a few threads quickly.
KSBY said that 8.9 million students filed for financial aid in the first half of 2008, up 16% from the year before. (7,672,000)
Salem, Oregon’s Register Guard reports complete depletion of their state financial aid budget of $72 million, with aid requests up 18%, 7% for traditional 4 year universities and 23% for community colleges.
The Chronicle of Higher Education reports Congress may need to pump $6-billion more into the Pell Grant program next year, an increase of more …

FAP877: Wishful Presidential Address on the Economy
After a rough ride on the markets, I thought a friendly voice might help a little, and in good fun, this is what I wish our politicians would say but probably won’t.
Click the play button to listen now:
[audio:http://media.libsyn.com/media/financialaidpodcast/20080929.mp3″>MP3 file
–
Good evening, my fellow Americans and everyone else tuning in, too. Today was a historic day for several reasons. First, your Congress, for the moment, listened to you when you said no to corporate welfare, no to the big bank bailout of 2008. There was an …

Daily Aid 15: Financial Aid Questions and Answers
Last week, I sent out a quick survey asking you what you wanted from the Financial Aid Podcast and blog. This week, we’re going to tackle some of the questions and answers, along with the regular dose of financial aid and student loan news.
Student Financial Aid News
NASFAA and AP:
“College students have drained Oregon’s financial aid fund, and lawmakers are being asked to put up $4 million more,” the Associated Press reports. “The state set aside $72 million for aid this year. But when …

Daily Aid 14: Washington Mutual fails, seized by OTS and FDIC, bought by JP Morgan
Special Announcement Edition
You’ll probably just wake up to this blog post, since it’s very early morning, 12:30 AM.
Washington Mutual (ticker: WM) has failed due to a massive run on the bank, losing $16.7 billion in deposits in just 9 days.
As of 10 PM September 26, Office of Thrift Supervision seized Washington Mutual and placed it into receivership with the FDIC, making it the largest bank failure in history.
JP Morgan (ticker: JPM) then purchased the assets of …

Daily Aid 13: Jobcast Special – We are hiring!
Student Financial Aid News
Spelman College created the Starfish initiative to bridge the gap between aid and students.
From Inside Higher Ed:
Coming into her senior year, Alisha McClung learned that her lender, College Loan Corp., had gotten out of the federal student loan business. Unable to register for classes because she couldn’t pay half the semester’s fees, as required, she called Spelman College to confirm just how much cash she needed to come up with. “They told me my balance was a zero balance. …

FAP876: Alliance for Young Artists and Writers Scholarship
Click here to download the MP3 file
Expert Interview
+ Bryan Doerries, Associate Executive Directory, Programs, from The Alliance for Young Artists and Writers
+ Doerries on scholarships, writing, and support of creativity in education
+ Award details at our free student scholarship search site

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Daily Aid 12: Planning for 2009 financial aid
Student Financial Aid News
From KSBY and NASFAA:
Some institutions have had trouble finding an on-going source of funding for student loans. “That market is the same market that funds our home mortgages and the other sources that have had some difficulty in the last few months,” said Cal Poly Director of Financial Aid Lois Kelly.
Those same issues are having an adverse effect on student loan programs. Kelly adds, “What they are finding is that some of the lenders they might have used in the …

Daily Aid 11: 5 job trends that will keep you employed
In the midst of all the economic news, you may be wondering what to do, especially if you’re just getting into college now or are thinking about what life after college will be like. While it’s impossible to predict the future with any level of accuracy (just ask a competent weather forecaster what next month’s weather will be), there are some trends that are incredibly obvious and good bets for your future.
Call this, then, eye on the economy and jobcast …

FAP875: Financial aid shakeups, dashboards, pirates!
Student Financial Aid News Roundup
Where to start? With the economy. This week’s economy roundup.
What financial aid administrators need to know about this crisis.
Expert interview later today with scholarship administrator Bryan Doerries
Scholarship Search Secret
The scholarship search dashboard
As always, check out our free scholarship search site, StudentScholarshipSearch.com and our free college scholarships contest site, ScholarshipPoints.com.
JobCast
The job hunting dashboard
Free Stuff Friday
+ Nature’s Bounty Fish Oil
+ FYE 2 free albums
+ Gorilla Glue
+ Kashi oatmeal cookies
+ Redken hair detangling comb
+ Free shampoo
+ Yugma screen sharing
+ VLC 0.9.2
+ Go to Stanford’s …

Daily Aid 10: Pell Grant shortages, jobcast job hunting dashboard
Student Financial Aid News
From the New York Times:
Battered by a worsening economy, college students are seeking federal financial aid in record numbers this year, leading Bush administration officials to warn Congress that the most important federal aid program, Pell Grants, may need up to $6 billion in additional taxpayer funds next year.
As of July 31, 800,000 more students had applied for grants than on that date last year, according to the memorandum, which called the increase one of the largest ever …