FAP804: Veterans Bill, Student Lenders Return, Free Stuff Friday

Home » Admissions, Free Stuff, Military, Music, Podcast, Podsafe Music, Scholarship Update, Student Loans

FAP804: Veterans Bill, Student Lenders Return, Free Stuff Friday

23 May 2008 1 views No Comment

FAP804: Veterans Bill, Student Lenders Return, Free Stuff Friday

Click here to download the MP3 file

Student Financial Aid News
+ Chronicle: Many student-loan companies are still assessing the industry-rescue plan outlined on Wednesday by Education Secretary Margaret Spellings (The Chronicle, May 22). Several that left the federal loan program, however, have seen enough and are jumping back in.
+ Even before the day was out on Wednesday, the nonprofit lender NorthStar Education Finance announced it was returning. Those joining NorthStar on Thursday include the Brazos Group and Graduate Leverage. “We’ve definitely changed our mind,” said Daniel Thibeault, president of Graduate Leverage. “In my mind, 90 percent of the lending community couldn’t lend two weeks ago,” Mr. Thibeault told The Chronicle. “Now, I don’t see how a significant player could say, ‘I don’t want to lend.’ It’s going to be exciting.”
+ Inside Higher Ed: “Congress today resolutely asserted that it is time for those of us who have been calling on these brave men and women to serve again and again to assist in providing a meaningful chance for a first-class future,” said Sen. Jim Webb (D-Va.), who has led the push for the major expansion of tuition benefits for former service members. “This is a bill that is equal to the first-class service that they have given to this country.”
+ Under the measure, which was attached to a spending bill for the Iraq war by Webb, Sen. Frank Lautenberg (D-N.J.) and Republican Sens. Chuck Hagel of Nebraska and John Warner of Virginia (all of whom served in the military), veterans who have served on active duty since September 11 would receive payments covering tuition — up to the cost of in-state tuition at the most expensive public college in a veteran’s state — room, board, fees, and educational costs, plus a $1,000 monthly stipend.
+ That is significantly more than former service members are now eligible to receive under the current Montgomery GI Bill, which was enacted in peacetime and does not come close to covering the cost of attending the typical public university.

Scholarship Update
+ From Sam Jackson
+ myUsearch has stepped up to the plate and is offering $1000 to the best student essay answering the following questions: What has been the most frustrating part of your college admissions process? Why is it important for colleges and universities to change this? What suggestions do you have for colleges and universities to try to relieve your frustration and the frustration of your fellow students?
+ The scholarship is open to fall ‘08 freshman and those students applying for 2009 (important update as of 5/22!). pursuing an associate or bachelor degree at an accredited U.S. postsecondary institution with a combined household income of $100,000 or less. If that describes you, apply today! If it doesn’t, tell a friend for whom it might be applicable.
+ Details at our free college scholarship search site

Free Stuff Friday
+ Yoplait yogurt
+ Flavored Splenda
+ Nifty NYTimes reader
+ Alert Thingy for Friend Feed
+ Fascinating wiki on using acetone as a gasoline additive
+ Fuel Frog
+ GasBuddy, GasPriceWatch

Free Song of the Week
+ Dylan in the Movies – August Moon

Did you enjoy today’s show? If so, please consider subscribing for free to get it delivered to you. Subscribing for free means you don’t have to remember to download it every day.
+
+
+