Student Financial Aid News: Nursing scholarship, saving money on tuition

From the Chronicle:

Seventy-one percent of high-school guidance counselors this year saw an increase in the number of their students who chose a more-affordable option over their “dream school,” according to a survey released today. The survey of high-school counselors was released by the National Association for College Admission Counseling, along with a companion survey of college admissions offices.

Commentary

I’m very pleased to see that students are making more prudent financial choices. Hopefully, continued pricing pressure on colleges will encourage schools to rein in costs and reduce prices, as one would hope from market forces. This in turn will reduce students’ need to borrow federal student loans and private student loans, helping them graduate with less debt.

From NASFAA and the Tribune:

“Community colleges can be a great bargain and a good start toward a four-year degree. But a common stumbling block is the sometimes tricky transfer to a four-year college or university,” the Chicago Tribune reports. “Done wrong, a transfer can waste money and cause undue hassle, experts said. … Among the biggest issues of attending community college is planning a transfer, especially making sure you’re not wasting time or money on community college courses that you will have to retake, and pay for again, at a four-year school.”

Commentary

Planning a transfer of credits and asking about transfer policies is always a good idea when doing research about which schools you plan to attend. Don’t forget that another way to save money for college is to test out of as many courses as you can, assuming the college or university accepts CLEP credits. CLEP, as we’ve talked about previously, could save you hundreds or even thousands of dollars a year. Check out Secret #12 in our free college scholarships eBook, Scholarship Search Secrets, for more information on CLEP.

Scholarship Update

AORN Foundation Scholarship Program. To provide scholarships to students who are pursuing a career in perioperative nursing and to registered nurses who are interested in and committed to perioperative nursing to continue their education by pursuing a bachelor’s, master’s or doctoral degree in nursing or a
complementary field. The number of awards and amount of the awards will be determined annually. Awards are not renewable. The scholarships will be applied to educational expenses including tuition, fees and books. Winners will be required to submit grades and invoices for these allowable expenses corresponding to each semester no later than August 1, 2010.

Details at our free college scholarship search site.

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