Source: FAFSA blog
If you are a current student looking for the 2008-2009 renewal FAFSA, be warned: there isn’t one anywhere on the FAFSA site or in the initial application. Thankfully, Carla Berg of Bentley College mentioned that the FAFSA renewal option was gone. Apparently, when you go to file a FAFSA as a returning student, the application pre-populates with last year’s data, but that’s not obvious anywhere on the site.
Are you a betting man? Do you love a good game of chance? Are you an on-line junkie who just can’t get enough? Millions of dollars are wagered and lost each year on this “invisible addition.” It’s been proven that gambling is as addictive as that morning cup o’ Joe that millions of us yearn for.
We know the odds are stacked against us, but yet we press on. We think we will be the one to pull that lever or hit that good run at the tables which will uncover riches beyond our wildest dreams. I guess we all own a pair of rose colored glasses. We see and hear what we want. In the movie Dumb and Dumber there is a scene where Jim Carey’s character is asking a woman (played by Lauren Holly) if there is any chance that a downtrodden guy like him could end up with an uptown girl like her. She responds, “About a one in a million shot.” His reply, so you’re saying there’s a chance! It’s all how you look at it; although there is a distinct difference between being an optimist and being a realist.
Now what if I told you over the course of your adult life (21-65 years of age) you would spend between $65,000 - $70,000 in games of chance. Would that give you pause before placing your next bet? I for one was under the belief that low-risk gambling was harmless, but your wallet can certainly take quite a beating over the long haul. Next time you think about dropping that $5 on a scratch ticket, getting those ten quick pics, or playing on-line poker toss that money into an interest baring savings account or CD. You’ll be amazed how much wealth you can amass.
Knowing when to hold ‘em and when to fold em’ is certainly nice, but if you never take that seat to begin with you will win every time; that’s knowledge you can take to the bank!
Application is fast with no GPA or other requirements
Quincy, MA –The Student Loan Network, an Edvisors Company (www.edvisors.com), is marking its 10th anniversary by sponsoring the Ten-Year $10K Scholarship - a special $10,000 scholarship to be awarded in the first quarter of 2008. “We are celebrating ten years by giving back to our students. It is becoming increasingly difficult to pay for the rising cost of a college education. Our goal for the last ten years has been to help students find the right solutions - from scholarships and grants to federal and private loans,” said Joe Cronin, President of the Student Loan Network. “What student couldn’t use a $10,000 scholarship?”
Any current college or graduate student - or anyone who will be enrolled in 2008 - is eligible for this scholarship. By registering at www.studentloannetwork.com/10k, students will receive one entry. The application is simple - it takes about half a minute to complete and has no essay, transcript, or GPA requirements. Each time someone refers a friend who registers, they will receive another entry. “The funds will be sent directly to the winning student’s school,” explained Cronin, “so our only requirement is that the student will be a full-time student during 2008. It’s important that these funds are used for tuition and other essential education expenses, and sending money directly to the school ensures that.”
Visit www.studentloannetwork.com/10k to learn more about the Ten-Year S10K Scholarship. Students do not need to be customers of the Student Loan Network to be eligible. No purchase is necessary.
About Student Loan Network
The Student Loan Network, an Edvisors company, is one of the nation’s fastest growing providers of student loans and related information. Since 1998 we have connected 25 million students and parents with over $1 billion in scholarships, grants and federal, private and consolidation loan funding. To help make the confusing and stressful financial aid process easier, the Student Loan Network also delivers helpful information, including the award-winning Financial Aid Podcast, a multitude of financial aid-related blogs and the monthly Financial Aid Newsletter. Learn more about the Student Loan Network at http://www.StudentLoanNetwork.com.
A few of us at the Student Loan Network have been throwing around the idea of building a simple budget plan that our audience could use. Given that we’ve all gone through the post-graduation money crisis to some extent, we know what it’s like to get thrown into the real world with empty pockets. So, we built the Personal Finance First-Aid Kit - a simple to use guide that outlines how to build a simple monthly budget. We also added a page of tips and suggestions to help save extra cash. Each month we will be adding more tips to the guide - some of which will be from user feedback.
So check it out and send your feedback in - and if you have any tips of your own, I will be sure to get them on the next installment.
Personal Finance First-Aid Kit
How does that famous Forest Gump quote go….oh ya, “Life’s like a box of chocolates, you never know what you’re going to get.” And while I certainly agree with that life is unpredictable sentiment; buying chocolates doesn’t have to be unpredictable, right? Think about how ridiculous that is for a minute. You work hard for your money. If you want to take a chance play Monopoly or buy a scratch ticket. If you want chocolate visit my friend Christie at Godiva and she’ll hook you up (by that I mean she’ll actually help you pick out what you want). Be responsible with those Benjamin’s and devise a game plan. Create a budget.
Have you ever stopped and wondered aloud, where did it all go; what did I spend my money on? Assuming you don’t have amnesia, or a lack of short term memory like Drew Barrymore’s character Lucy in 50 First Dates, I suspect it just comes down to you being a little too wreck loose with your greenback. You need to budget yourself. One way I found helpful (and depressing) was chronicling my spending for just one week. I simply wrote down everything I spent my disposal income on for that particular week. I was startled to learn that my Starbucks coffees, lunches, People Magazine, one night out with my friends, and buying a new shirt on sale ($15) totaled a jaw dropping $95! Even if I left the shirt out I was still sitting at $80 bucks! I began to ask myself if I really needed to spend that much money each week.
I then decided to make a conscious decision to save, instead of spend, for one year. I stopped getting my $4 coffee’s in the morning; I brought my lunch to work, and got together with friends at home instead of at a club in
So let the Forest Gump’s of the world continue to play Russian roulette with their box of chocolates; wondering what they will get. Your strategy allows for a more predictable and profitable outcome. So sit back and enjoy each predictable chocolate morsel. It sure tastes good knowing exactly what you’re going to get.
Need some extra cash to help pay for tuition next year? How about 10 g’s? To Celebrate ten years of providing educational resources to over 25 million students, the Student Loan Network is giving away a Scholarship worth $10,000.
Don’t wait to long - the contest ends February 29th, 2008 - Sign up today!
To celebrate our 10th anniversary, the Student Loan Network is giving away a $10,000 scholarship! Enter to win our drawing at:
and then start participating in Scholarship Points.
Who can win?
Any college student or graduate student attending school in 2008.
Money will be paid directly to the financial aid office, and the contest ends on Leap Day, February 29, 2008.
To celebrate our 10th anniversary, the Student Loan Network is giving away a $10,000 scholarship! Enter to win our drawing at:
and then start participating in Scholarship Points.
Who can win?
Any college student or graduate student attending school in 2008. Money will be paid directly to the financial aid office, and the contest ends on Leap Day, February 29, 2008.
Happy New Year! I get a lot of questions daily about a school’s role in the Stafford loan. In order to borrow a Stafford loan, the school you attend MUST certify it. There is no way around it. Your school must have an updated/renewed student aid report on file from your FAFSA, and them must certify the loan with the lender of your choice. Yesterday I had a caller that says she attened 75% of her classes in the Fall, and her school would not certify her loans for the Spring because they require an 80% attendance rate. Can they do this? Yes, the school has the right to set policies for the loans they certify. If you do maintain a 2.0 they will not ceritfy loans. If you do not attend your classes, they have the right to revoke your federal loan priveleges. If you are unaware of your school’s policies, I would definitley check with financial aid.
Did you make a New Year’s resolutions for 2008? If so are you pledging the standard diet and exercise regiment? How about balancing that check book (and I don’t mean on your nose). Will you pledge to stop smoking like so many before you? While the aforementioned pledges are certainly worthwhile and noteworthy I have another one for you; pay yourself first!
It is expensive in the real world. Inflation keeps rising while salaries overall remain stagnate. Some of you are thinking that you can’t even afford to put $20 aside each week. It won’t be easy, but you need to start somewhere. After all what bill could possibly be more important than you?
I started on the right track back when I was 19, but I got sidetracked along the way and have been kicking myself ever since. I will never be able to get those prime years back and the compound interest that comes with it. Now I find myself at 32 essentially starting over. Learn from my mistake people!
I’ll admit, currently I am not paying myself first, but that ends now – today! I’m no hypocrite. In fact I’m disgusted with myself that I have gone this long without paying myself first. Start small, as not to overwhelm yourself. You will be amazed how quickly it adds up. Remember this simple phrase, “The power of discipline, the rewards of time.” Make a commitment to you in 2008. You are number one. Everyone else plays second fiddle to you, and while they are busy playing those fiddles you will be rocking that Guitar Hero like my friend Tannaz. It may take you some time to rise from that dingy basement to the point where you are on stage at a dragon-and-viking-themed stadium called the Garden trying to master Ozzy Osbourne licks in front of thousands of your adoring fans, but you will get there. And when you do I’ll be right there in the front row watching the show and cheering you on. I’m your #1 fan.
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