NEW College Preparatory Academy, Inc.
Secrets
Parents
Need to
Know
About
M.O.N.E.Y.
For College
NEW Opportunities in College Readiness
NEW College Preparatory Academy, Inc.1
5000 Eldorado Parkway
Suite 150
Frisco, Texas 75033
Phone: 866-429-5951
FAX: 214-292-9379
www.NEWCollegePrep.com
DocBeasley@NEWCollegePrep.com
This document is a publication of NEW College Preparatory Academy, Inc., (NCPA). Your use of this document implies your compliance
with the following terms of service. Please read the following before using this document.
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The information in document is strictly for information purposes only. The document is not intended for use as a substitute for consultation
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are reserved. All logos, trademarks, trade names, and materials comprising this document are owned by NCPA or by third parties who
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The opinions expressed in the document represent the personal views of its writer. If you have any questions, please contact:
DocBeasley@NEWCollegePrep.com
Thank you.
Kuni Michael Beasley, Ph. D.
President
NEW College Preparatory Academy, Inc.
Electronic copies of this document in pdf format are available on request.
Printed March 23, 2012
1
NEW College Preparatory Academy, Inc. (NCPA) is a dba of NEW American School, Inc. (NAS).
© 2012 Kuni Michael Beasley, LLC all rights reserved
2
M.O.N.E.Y. for College
Dr. Kuni Michael Beasley
BS, MBA, D. Min., Ph. D.
Dean, NEW College Preparatory Academy, Inc.
Director, REAL College Solutions
Greetings,
Welcome to your next step towards College Success!
I am Dr. Kuni Beasley, Dean of the NEW College Preparatory Academy 1 and Director of
REAL College Scholarships. 2
On the following pages is important information to get you started towards better College Funding for your student. This is part of our College Bound Program used by students at our satellite schools, our homeschool academy students, and it is now available
to public, private, and homeschool students everywhere. We are making a deliberate
effort to make our programs available to the greatest number of students.
I believe we have the best college preparation resources available and we have a 17year track record of preparing, packaging, and positioning students for college success.
Please go through the information in this document thoroughly. Please pay special attention to the material in the Information Boxes and Graphs. They contain critical supplemental information that you don’t want to miss.
I hope these will be helpful to you in pursuing your college goals. When you are ready
to move to the next step in your path to success, please contact me to get the next
step in College Success.
Thanks,
Dr. Beasley
DocBeasley@NEWCollegePrep.com
1
2
www.NEWCollegePrep.com
www.REALCollegeScholarships.com
© 2012 Kuni Michael Beasley, LLC all rights reserved
3
M.O.N.E.Y. for College
Secrets Parents Need to Know About MONEY for College
Our Mission:
Prepare, Package, and Position Students for College Success
Provide Students the Greatest Range of College Options, Opportunities, & Choices
Facilitate Student Progress through College Selection, Application, Funding, and Enrollment
Contents
Secret
4 Types of M.O.N.E.Y. for College
4 Types of MERIT Money
Academic Scholarships
Athletic Scholarships
Arts Scholarships
Activity Scholarships
Types of OPPORTUNITY Money
Private Scholarships
National and State Scholarships
Scholarships by Subject
Scholarships by Type, Miscellaneous, and Weird
Little Known Scholarships
Military Opportunities
Other Programs
Free Colleges and Work Colleges
College with Cost Containment Programs
Types of NEED-BASED Money
Obamacare and College Funding
Types of ENTITLEMENT Money
Are You a Resident? Are You Entitled?
Veterans Entitlements
Types of YOUR OWN Money
2+ Strategies
Saving Money in College
Taxes and Savings
Who We Are and What We Do
NCPA College Readiness Resources
Pg
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Disclaimer: The content of this document is for your general information and use only. It is subject to change without notice. Neither the author nor any third parties provide any warranty or guarantee as to the accuracy, timeliness, performance, completeness, or suitability of the information and materials found or offered
in this document for any particular purpose. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude
liability for any such inaccuracies or errors to the fullest extent permitted by law. Your use of any information or materials in this document is entirely at your own
risk, for which the author shall not be liable. It shall be your own responsibility to ensure that any products, services or information available through this document meet your specific requirements. Links in this document are provided for your convenience to provide further information. They do not signify that we endorse the website(s). We have no responsibility for the content of the linked website(s). This document was published in Collin County, Texas, and subject to the
jurisdiction therein.
© 2012 Kuni Michael Beasley, LLC all rights reserved
4
M.O.N.E.Y. for College
4 Types of M.O.N.E.Y. for College
M
O
N
E
Y
1
Merit Money
This is what many think of as “scholarships.” Our definition of Merit Money is financial aid
awarded by the institution based on student ability and achievement. These include Academic, Athletic, Artistic, and Activity awards. In most cases, no actual “money” changes
hands, though some colleges actually provide direct cash payments to students for expenses. 1 These are awarded as institutional “grants-in-aid,” essentially a “discount” the
college doesn’t charge the student all or part of the regular cost of attendance.
Opportunity Money
These are sources of funding where the student may be required to participate in activities, perform services, or complete specific tasks, or obligate themselves to do so, in return
for assistance in paying for college. These include private scholarships, Work-Study,
ROTC, internships, and a variety of activities.
Need-Based Money
Probably the most used method of meeting college costs, Need-Based Money is determined by calculating the family’s ability to pay against the cost of attendance of the college
producing a figure known as “need.” The primary method is through the Federal government, which provides a range of grants and loans. Some institutions use an additional
method through the College Scholarship Service (CSS) to determine “need” for their particular institution.
Entitlement Money
Certain students are eligible for funds, discounts, or exemptions for college. These range
from the GI Bill to tuition exemptions for disabilities to the difference between resident and
non-resident tuition rates. All US citizens and legal residents are “entitled” to some
amount of Federal aid, mostly in the form of low interest student loans.
Your Own Money
Parents will have to spend “something” even if it filling the gas tank to send the student off
to school. The key is to develop strategies to minimize the out-of-pocket expenses.
There are a number of colleges that make direct cash payments to students as part of their Merit award. Most colleges simply waive the regular charges.
© 2012 Kuni Michael Beasley, LLC all rights reserved
5
M.O.N.E.Y. for College
4 Types of MERIT Money
Academic Scholarships
Institutions award academic “scholarships” to
students they wish to attract to their institution.
These are awarded to students who meet specific requirements, usually a combination of GPA,
SAT/ACT scores, and Class Rank. There are two
basic forms of Academic Scholarships: Qualification Scholarships and Competitive Scholarships.
Qualification Scholarships
Students who meet certain criteria are awarded
scholarships without reference to relative competitiveness. Students who meet the criteria are
usually awarded the scholarship on a first come,
first served basis. Institutions often use information on the application as the criteria for selection. In some cases, the student will need to
submit a separate application.
Here is an example of a Qualification Scholarship:
Louisiana Tech Presidential Scholarship
Must be an admitted incoming freshmen (all majors).
Requires: GPA: overall 3.0 (on unweighted 4.0 scale), and ACT: 32 or SAT: 1400 (CR+M)
Unlimited awards which pay Tuition, fees, and on-campus regular dorm and meals for four years.
Student must remain full-time and maintain a cumulative GPA of 3.0. 1
“Automatic” Qualification Scholarships
Many institutions provide “automatic” scholarships for persons who meet specific criteria upon admission. Many colleges simply post scholarship criteria on their websites
(often linked to SAT/ACT scores and GPA) and award students scholarships based on
standard criteria. Here are some examples:
•
•
•
•
Ohio University Gateway Award provides up to full in-state tuition based on a sliding scale of GPA and SAT/ACT scores.
University of Alabama awards Out-of-State scholarships based on SAT/ACT & GPA.
University of Indiana actually posts “Automatic Scholarships” on its website.
Hiram College (OH) awards automatic scholarships to children and grandchildren of
alumni, members of the Disciples of Christ, and siblings of enrolled students.
NOTE: No two institutions are the same. Each institution has its own rules and requirements. No one
set of rules will fit all colleges. I have had students rejected from University of North Carolina only to
receive Presidential Scholarships from Duke and Wake Forest right down the road. Go figure…. Dr. B.
The LA Tech Scholarship is an incredible opportunity. Any above-average student willing to Pay Attention, Follow Instructions, and Do the Work could earn this
scholarship! – Dr. B.
1
© 2012 Kuni Michael Beasley, LLC all rights reserved
6
M.O.N.E.Y. for College
Supplemental Qualification Scholarships
Colleges often provide additional scholarships to supplement scholarships students already received. Here is an example of a Department Supplemental Scholarship:
•
University of Alabama College of Engineering offers scholarships on top of regular
university scholarships based on a SAT/ACT scores and GPA.
National Merit and National Achievement Scholarships themselves are not very much
money. However, winners attract additional scholarships from a number of colleges.
Here are some examples:
•
•
•
•
University of Oklahoma boasts that it has the highest number of National Merit Scholars, primarily
because they “give them the farm.” Scholars are
provided full tuition, cash stipends to offset fees,
room, and board, cash stipend for a laptop, and
cash for study abroad.
University of Alabama offers full tuition, campus
housing, cash stipend, and an iPad.
Baylor University offers full tuition.
University of Southern California offers half-tuition.
Oklahoma University National Merit Students
Competitive Scholarships
This is what most people think about when discussing scholarships. Generally, students
apply separately to a committee who selects the awardees among the applicants. Each
institution has its own scholarships and its own process of competition. Check the institution’s website or contact them to find out about Competitive Scholarships. Here is an
example of a Competitive Scholarship:
University of Alabama Academic Elite Scholarships
There are typically eight to ten of these scholarships offered each year. The
pool of eligible applicants ranges from 900 to 1,000 students. Academic Elite
Scholarship recipients typically receive: $8,500 per year for 4 years, the value of
tuition in-state or out-of-state for 4 years, 4 years of on-campus housing at regular room rate, and an iPad.
Direct Competition Scholarships
Most Competitive Scholarships gather applications and
select the recipients from the top applicants. Sometimes the competition includes an interview or an essay as part of the competition. Here are examples:
•
•
•
Campus at George Fox University
George Fox University has a “Scholarship Competition Day.”
Southern Illinois University awards competitive scholarships on a combination of academic achievement and need.
Texas Tech University offers competitive scholarships to transfer students.
NOTE: No two institutions are the same. Check with the institution for its rules and requirements. Dr. B.
© 2012 Kuni Michael Beasley, LLC all rights reserved
7
M.O.N.E.Y. for College
Athletic Scholarships
Western Washington University winning the NCAA Division II Rowing Championship
Thousands of athletic scholarships are awarded each year, and not just to Pro-level athletes. There are
thousands of opportunities for above-average athletes. The college athletic universe is divided into four
major domains: NCAA, NAIA, NJCAA, and NCCAA.
NCAA – National Collegiate Athletic Association
The NCAA is the most well-known and most visible because its members
are some of the largest institutions and the games dominate college broadcasts. Additional information is available at the NCAA Eligibility Center. The
NCAA is divided into three Divisions:
NCAA Division I Institutions – Most of the larger colleges compete in Division I (known as D-I; pronounced dee-one). Click for the list of D-I FBS
and D-I FCS for football.
NCAA Division II Institutions – Award full and partial scholarships. Exceptions are the Ivy League colleges which do not have athletic scholarships.
NCAA Division III institutions do not award athletic scholarships.
NAIA – National Association of Intercollegiate Athletics
The NAIA supports smaller colleges and has two divisions. Most institutions
offer full and partial scholarships. Additional information is available at the
List of NAIA Colleges, NAIA Eligibility Center, and Differences NCAA/NAIA.
NJCAA – National Junior College Athletic Association
The NJCAA supports two-year colleges. Most provide full and partial scholarships. Additional information is available at Junior College Recruiting, the
List of NJCAA Colleges, and the NJCAA Eligibility Center.
“Dee-One” Football
For football, D-I is sub-divided
into the Football Bowl Subdivision (FBS) which includes major
institutions like University of
Michigan, Ohio State, UCLA,
University of Texas, Notre
Dame, and LSU; and the Football Championship Subdivision
(FCS) which includes smaller institutions like the Ivy League
(Harvard, Yale, etc.), Appalachian State, Sam Houston
State, and Bucknell. Beyond
the size of the institution, the
major difference between the
FBS and the FCS is that the FBS
institutions play in the major
bowls games and the National
Champion decided though the
Bowl Championship Series
(BCS) and the FCS institutions
have a playoff to determine
their National Champion. There
is also a difference in the number of scholarships with 85 to
FBS institutions and 63 to FCS
institutions.
NCCAA – National Christian College Athletic Association
There are about 100 NCCAA members in two divisions: D-I for four-year Christian liberal arts universities
and colleges, and D-II for smaller Christian colleges and Bible colleges. Several have cross memberships
with the NCAA and NAIA. Many provide full and partial scholarships. Additional information at List of
NCCAA Colleges and NCCAA Eligibility Information.
A little known factoid is that many NCAA D-I Institutions have “club football.” Indeed, many sports are “club” level at some institutions and varsity level at others like badminton, crew, fencing, and lacrosse. The institution may provide some support in facilities and some funding. I was on the TCU Judo Team 1973-75, a club sport. Dr. B.
© 2012 Kuni Michael Beasley, LLC all rights reserved
8
M.O.N.E.Y. for College
Variety of Athletic Opportunities
Archery
Badminton
Baseball
Basketball
Bowling
Cheerleading
Climbing
Cross-Country
Cycling
Dance
Equestrian
Fencing
Links to institutions that have these programs
Field Hockey
Figure Skating
Flag Football
Football
Golf
Gymnastics
Handball
Hockey
Judo
Lacrosse
Quidditch
Racquetball
Riflery
Rodeo
Rowing
Rugby
Sailing
Skeet & Trap
Skiing
Snowboarding
Soaring
Soccer
Softball
Squash
Surfing
Swimming
Tennis
Track & Field
Ultimate Frisbee
Volleyball
Water Polo
Water Skiing
Weight Lifting
Whiffle Ball
Wrestling
Other Sports Lists
Grandview University (IA) NAIA Track
From http://www.insidecollege.com/reno/home.do
Additional Information Links
AthleticScholarships.net
AthleticScholarships.com
CollegeScholarships.org
Baseballweb.com
Athletic-Scholarships.net
Small College Sports
Don’t write off small college athletic scholarships. My eldest daughter received a half
scholarship for volleyball at Texas Wesleyan University. We had the other half covered
with a music scholarship.
I had one student some years ago approach me about playing football in college. He said
he had a few more years of football left in him and he didn’t want to “walk-on” to a D-I
school just to hold blocking dummies for four years. He found a home and scholarship at
Southern Nazarene University in Oklahoma. He played four years, became a “Little AllAmerican,” and played a few years in the Arena League. Dr. B.
Cumberland University (TN) NAIA Football
San Jacinto College (TX) NJCAA Basketball
Bridgewater State (MA) NCAA DIII Swimming
West Point NCAA Club Judo Team
Geneva College (PA) NCCAA Football
Texas Christian University NCAA DI Football Stadium
© 2012 Kuni Michael Beasley, LLC all rights reserved
Mercyhurst (PA) NCAA DII Lacrosse
9
M.O.N.E.Y. for College
Arts Scholarships
Calvin College (MI) Music Scholarship
There are numerous arts scholarships available from institutions. Finding these required a lot of research
and digging, in addition to practicing for competitive scholarships. I have listed some of the major areas
with institution and private scholarship links. Check directly with the institutions for specific information.
Dance
College Dance organizations vary from ballet and modern dance to dance troupes that perform with the
marching band. Some colleges have elevated Dance to a varsity sport.
College Dance Team Info
Scholarships.com Dance Scholarships
Still More Colleges with Excellent Dance Programs
Colleges with Dance Teams
College Dance Scholarships
College Dance Majors
Music Performance
College Music Programs
College Music Business Departments
Colleges for Specialized Music
Colleges with Music Departments
Resources for Music Students
Colleges with Musical Theater Programs
Colleges with Voice Programs
Edgewood College (WI) Varsity Dance Team
Art
Bachelors of Fine Arts
Colleges with Visual/Studio Art
Art Colleges, Art Schools, and Universities
Theatre & Drama
Colleges with Theater Programs
Experts Choice for Aspiring Actors
Colleges with Drama Programs
Photography
Colleges with Photography Programs
Community College Photography Scholarships
Graphic Design Colleges
Photography Scholarships
Hiram College (OH) Scholarship Audition
© 2012 Kuni Michael Beasley, LLC all rights reserved
10
M.O.N.E.Y. for College
Activity Scholarships
The World Famous Kilgore Rangerettes, Kilgore College (TX) Kilgore Rangerette Scholarships
Colleges have many activities and several of them are excellent scholarship sources. I have listed specific
sources and resources for several activities. Always check with the college for specific information.
Band
There are thousands of college marching bands and a significant
number offer some form of scholarship or grant. Here are links to
resources and a sampling of college bands.
College Marching Bands
Best Marching Bands
LSU Band Scholarship
Auburn Band Scholarship
University of Virginia Band Scholarship
USC Trojan Band
Cheerleading
Almost every college has cheerleaders and many of them offer
cheerleading scholarships.
Top Cheers Scholarships
Cheerleading Scholarships
IHigh Cheerleading Scholarships
Angelfire Cheerleading Scholarships
College of Southern Idaho
American Association of Cheerleading Coaches and Administrators
National Council for Spirit Safety and Education
Speech & Debate
National Forensic League
5 Best Speech and Debate Scholarships
Concordia College
Whitman College
College of Southern Idaho
Bethel University (TN) Cheerleaders
Journalism
JournalismScholarships.us
College Scholarships.org
Journalism Schools
School Newspaper Scholarships
© 2012 Kuni Michael Beasley, LLC all rights reserved
BYU Daily Universe Newspaper
11
M.O.N.E.Y. for College
Types of OPPORTUNITY Money
These are sources of funding where the student may be required to participate in activities, submit applications, write essays, perform services, or obligate themselves to do
something, in return for assistance in paying for college. These include Work-Study,
private scholarships, ROTC, internships, and a variety of opportunities.
Federal Work Study
Alabama A&M
Internships
Northern Illinois Univ.
Part-Time Job
Lord Fairfax CC (VA)
Employer Assistance
Federal Work-Study (FWS) provides part-time jobs for
undergraduate and graduate students with financial need,
allowing them to earn money to help pay education
expenses. The program encourages community service work
and work related to the recipient's course of study. Here
are links to more information:
SallieMae
Federal Work-Study
WTAMU Info
Internships are a great way to gain experience while
completing college. 1 Most offered are during the summer,
but some are available during the school year. Here are
some links:
College Board
Summer Internships.com
Monster College.com
Internships.com
Internsushi.com
Magazine Internships
Intern Queen
List of Internships Links
Get a job… the old fashioned way. Most college students
hold some type of job to help fund college. Nothing beats
working through college on a resume. Here are some links:
Snagajob
College Helpers
USAJobs
Boston College
Indeed
A smart way to pay for college is to get your employer to
pay for it. If you are looking for a job, find and employer
who offers tuition assistance. Here are some links:
Fastweb
Finaid
Classes and Careers
Companies that Offer Tuition Assistance
Smucker’s has great educational benefits
1
My daughter did a summer internship with JPMorgan/Chase and was offered a job when she graduated.
© 2012 Kuni Michael Beasley, LLC all rights reserved
12
M.O.N.E.Y. for College
Private Scholarships
Math Majors Graduating – St. Mary’s College (MD)
There is a huge reservoir of Private Scholarships. Many of these are targeted to a specific population, most require an essay or documentation, and several are quite substantial. It would be impossible to address the range and variety of private scholarship.
However, I hope to provide a compact synthesis of links for easy access.
We’ll start with a very comprehensive list of scholarships from Scholarships4school.com. Do not try to
digest this list. Take a quick glance so you know it exists. Scan this Starter List to see if you find anything interesting. Below is a list of free scholarship search engines. It is here so you know you have it.
Scholarship Scams
Scholarship Scams are a $2 billion industry
with people getting bilked every day about
some dream scholarship. Many of these
scams charge you for an “exclusive” or “personal” scholarship search. Most of those
scams use one of these data bases on the
right that they get for free.
Daunting Task
It is an enormous task to navigate private
scholarships. What I have tried to do here is
synthesize the data so it is easier to handle.
Even so, it looks daunting, but worth it if you
get an extra thousand or ten-thousand for
sending in applications.
Free Scholarship Search Engines
AIE Scholarship Search
IFEA
Cancer for College
Mach25
College Answer Scholarship Search My Free Degree
College Board
Peterson’s College Quest
College Financial Aid Advice
Sallie Mae
College Prowler
Scholarship Experts
College Scholarships.com
Scholarship Monkey
College Scholarships.org
Students w/ Health Conditions
College Toolkit Scholarship Search
Scholarships.com
EducationPlanner.org
Scholarships4school
FastWeb
School Soup
FinAid
SRN Express
Financial Aid Finder
The Princeton Review
Financial Aid Tips
U.S. Dept of Ed.
Free-4U
Zinch
Hispanic College Fund
Beware!
There is a lot of data here. Don’t try to absorb all of it. There is a series of strategies to go through
these and apply to the optimum number for the best potential benefit. On the same token, don’t give
up because there seems to be a lot. Behind these links are millions of dollars of college money – Dr. B
“A good place to start is to spend time looking into available information on the scholarship. Your best
chance of success will follow from finding out the requirements from the start and then determining if
you qualify. Before you even begin, be aware of the reason for involvement of the scholarship and their
goals for the Scholarship. If you are qualified, verify that you have the possibility to obtain the scholarship. After figuring out that you have a decent shot of going on to be one of the winners of the Scholarship, then it is useful to put forth the effort to apply.” From Scholarships4Schools.com
© 2012 Kuni Michael Beasley, LLC all rights reserved
13
M.O.N.E.Y. for College
National and State Scholarships
The Flag of the United States of America representing the nation, its heritage, and each individual state
There are number of National Scholarships plus each state has specific scholarships and grants available
to its residents. This list below contains private, state-supported, and institutional scholarships.
Major National Scholarships
From FinancialAidTips.org
Coca-Cola Scholars
National Merit Scholarship
Fulbright Scholarships
Florida Bright Futures
Walmart Scholarships
Rhodes Scholarship
Bill Gates Scholarships
Gates Millennium Scholarships
Georgia HOPE Scholarship
Tylenol Scholarships
Horatio Alger Scholarships
Truman Scholarships
Marshall Scholarships
Morehead-Cain Scholarship
State Scholarships
From Free-4u.com
Alabama Scholarships
Alaska Residents Scholarships
Arkansas Resident Scholarships
Arizona Scholarships
California Scholarships
Connecticut Scholarships
Colorado Scholarships
District of Columbia
Delaware Scholarships
Florida Resident Scholarships
Georgia Scholarships
Hawaii Scholarships
Idaho Resident Scholarships
Illinois Scholarships
Indiana Scholarships
Iowa State Resident Scholarships
Kansas Scholarships
© 2012 Kuni Michael Beasley, LLC all rights reserved
State Scholarships
From Free-4u.com
Kentucky Resident Scholarships
Louisiana Resident Scholarships
Maine Scholarships
Maryland Scholarships
Massachusetts Scholarships
Michigan Scholarships
Minnesota Scholarships
Mississippi Resident Scholarships
Missouri Resident Scholarships
Montana Scholarships
Nebraska Scholarships
Nevada State Scholarships
New Hampshire Scholarships
New Jersey Scholarships
New Mexico Scholarships
New York Scholarships
North Carolina Scholarships
North Dakota Scholarships
Ohio Resident Scholarships
Oklahoma State Scholarships
Oregon Scholarships
Pennsylvania Scholarships
Rhode Island Scholarships
South Carolina Scholarships
South Dakota Scholarships
Tennessee Scholarships
Texas Resident Scholarships
West Virginia State Scholarships
Wyoming State Scholarships
Vermont State Scholarships
Virginia Scholarships
Wisconsin Resident Scholarships
Washington Resident Scholarships
Vermont State Scholarships
14
The Horatio Alger Foundation awards 104
$20,000 scholarships nationally and 25 $5,000
scholarships in each state.
The Gates Millennium Scholarship is awarded
to 1,000 minority students
Coca-Cola Scholar-Athletes in Atlanta
M.O.N.E.Y. for College
Scholarships by Subject
Lew Alcindor (Kareem Abdul-Jabbar) towers above his UCLA classmates at the 1969 graduation
Many organizations list their scholarships by Subject. Here a list of links of different Subject opportunities
Scholarships by SUBJECT
From College Prowler.com
Scholarships by SUBJECT
From College Prowler.com
Academia
Math
Accounting & Finance
Media
Advertising & PR
Medicine
Agriculture
Metal Work
Archeology
Military
Architecture & Design
Music
Art
Non-Profits
Astronomy
Nuclear Engineering
Automotive
Nursing
Aviation
Personal Services
Biology
Pharmacy
Biomedical Sciences
Photography
Business and Management
Physical Therapy
Chemistry
Physics
Computer Hardware Engineering
Police & Fire
Computer Programming
Public Transportation
Construction
Science
Culinary Arts
Social Services
Dentistry
Sports
Education
Sports Medicine
Engineering
Transportation
Environmental Science
Writing
Forestry & Fishing
Details
Geology
If you are otherwise qualified, most scholarships are a
Government
function of dotting the I’s and crossing the T’s. – Dr. B
Graphic Design
Hospitality & Travel
“An important detail in the process of trying for the
Information Technology
Scholarship is filling out the application correctly. AppliInterior Design
cations can sometimes be drawn-out, but you should
Journalism
not underestimate how important it is that your work
Landscape Architecture
was done precisely and completely. Use caution to inLaw
sure that you will not be bumped because of carelessLibrary Science
ness.” From Scholarships4Schools.com
Manufacturing
Marketing
© 2012 Kuni Michael Beasley, LLC all rights reserved
15
The Clay Lacy Foundation provides a
$12,500 scholarship for students who want to
become a professional pilot (1968 photo)
Microsoft offers full tuition and summer internship scholarships.
CIA Scholarship
From their website: “Once selected, you
will be given an annual salary; a benefits
package that includes health insurance, life
insurance, and retirement; and up to
$18,000 per calendar year for tuition, mandatory fees, books and supplies. You'll be
required to work at an Agency facility during summer breaks and to maintain fulltime college status during the school year
with a minimum cumulative 3.0/4.0 GPA.
We will pay the cost of transportation between school and the Washington, DC area each summer and provide a housing allowance.”
M.O.N.E.Y. for College
Scholarships by Type, Miscellaneous, and Weird
Graduation at the University of Minnesota
Scholarships by TYPE
From Scholarships4School.com
Academic Scholarships
African American Scholarships
Athletic Scholarships
Community Service Scholarships
Students with Disabilities
Essay Scholarships
Extracurricular Scholarships
Financial Need Scholarships
GPA Based Scholarships
Hispanic Scholarships
Jewish Scholarships
Leadership Scholarships
Military Scholarships
Minority Scholarships
Native American Scholarships
Union-Sponsored Scholarships
Veteran Scholarships
Scholarships for Women
Miscellaneous from My List
American Culinary Federation
The Culinary Trust
Culinary Institute of America
Culinary Arts
Wine and Food
Women Chefs
National Federation for the Blind
Jewish Guild for the Blind
Financial Aid Finder Blind
Financial Aid Finder Hearing
Cancer Survivor
SuperSibs
Learning Disabilities
Veterans
Strange and Weird
32 Weird Scholarships
Unusual Scholarships
Weird Scholarships
45 Weird Scholarships
Overwhelmed?
No doubt that all this data is overwhelming. There is a series of
strategies to approach all these scholarships, but it still requires
work and diligence. – Dr. B
“Once the application is sent off, it's important to know when the
Scholarship chooses a winner and distributes any funds so you'll be
aware of whether or not you will be able to count on the scholarship
to provide additional support for your financial needs and how it will
help you out, since there might be constraints on how you can use
the Scholarship. You might find it challenging to find ways to take
care of the expenses associated with school, and having the additional resources of the Scholarship to defray some of the costs can
be a huge help. If you are not fortunate to receive the Scholarship,
keep at it, you can find different scholarships that you can hopefully
get.” From Scholarships4Schools.com
© 2012 Kuni Michael Beasley, LLC all rights reserved
Anthem Scholarship up to $1,000
for an essay on the book by Ayn Rand
16
$500 Kor Memorial Scholarship from the
Klingon Language Institute
David Letterman Scholarship
In Telecommunications at Ball State
M.O.N.E.Y. for College
Little Known Scholarships
Washington Crossing Foundation Student Scholarship
Many of these are open to high school students:
"Free Will and Personal Responsibility" Essay Contest
"If I Were President..." Competition
"My Turn" Essay Competition
AAA Travel High School Challenge
AAU Youth Excel Award Program
ABC's "The Scholar" - Reality TV Show Scholarship
Accepting The Challenge of Excellence Award
Achievement Award in Writing
Afl-Cio Skilled Trades Exploring Scholarships
AFSA National Scholarship Essay Contest
Afscme Family Scholarship Program
Ag Day Essay Contest
America Loves Math Scholarship Contest
American Spirit Publishing Scholarship
Angel Soft Angels in Action Award
Annual Signet Classic Scholarship Essay Contest
Arrid Total Women of Today Scholarship
CarDonors.com Scholarship
City Year - Volunteer for America
CollegeProwler Essay Competition
Dale E. Fridell Memorial Scholarship
Digital Dorm Room of the Future Essay Contest
Discover Card Tribute Award Scholarship Program
Do Something BRICK Awards
Dyzco Distance Learning Essay Contest
ExploraVision Science Competition
Federal Junior Duck Stamp Art Competition
Frank O'Neill Memorial Scholarship
Free Speech and Democracy Film Contest
George S. & Stella M. Knight Essay Contest
Holocaust Remembrance Project Essay Contest
Idea of America Essay Contest
Imation Computer Arts Scholarship
Interdependence Day 2004 Essay Contest
Ivysport Excellence in Life Scholarship Video Contest
Jane Austen Society Essay Contest
Lemonade Series Writing Scholarship
Most Valuable Student Competition
NAPF Swackhamer Peace Essay Contest
National D-Day Museum Online Essay Contest
Paul Zindel First Novel Award
Sam Walton Community Scholarship
Shakespeare Fellowship Essay Competition
ShopKo Scholarship
SPAACSE George R. Faenza Scholarship
TDS National Essay Contest
Teenage Vision for America Essay Contest
US Foreign Service National High School Essay Contest
Young Epidemiology Scholars Competition
Young Naturalist Award
Youth Foundation Grant
These are assembled by a Texas organization, so there are a lot of Texas based links.
4-H Opportunity Scholarships
Abe and Annie Seibel Foundation
AFSA/CMSAF/AMF Scholarship Program
Air Force Aid Society Education Grants
Air Line Pilots Association Scholarship Program
Alexander Graham Bell Association for the Deaf
American Chemical Society Scholars Program
American Legion Auxiliary (Texas) Scholarships
American Legion Oratorical Contest
APS Scholarship for Minority Undergraduate Physics Majors
Charles, Lela and Mary Slough Foundation Scholarship
Chopin Piano Competition
CHRISTUS US Family Health Plan Nursing Scholarship
© 2012 Kuni Michael Beasley, LLC all rights reserved
Clara Stewart Watson Foundation Scholarship Fund
Coast Guard Mutual Assistance Education Program
Coca-Cola Scholars Foundation, Inc.
Colburn-Pledge Music Scholarship Foundation
Conrad and Marcel Schlumberger Scholarship Program
DECA Scholarship Awards
Disciples of Christ Student Scholarship Fund
Educational Trust Fund
ESA Foundation
Evalee C. Schwarz Charitable Trust for Education
Family, Career & Community Leaders of America
Washington Crossing Foundation Scholarship Award
17
M.O.N.E.Y. for College
Military Opportunities
The United States Merchant Marine Academy class of 2010 marches in for their graduation ceremony, Kings Point, NY.
The military is the single largest provider of college funding in the country with five Military Academies,
three ROTC Programs, and the educational benefits on active duty, reserves, veterans, and their families.
Service Academies
There are five Service Academies that provide full scholarships, meals and
housing, and salaries for those who attend. These academies look for well
rounded students with leadership potential. Graduates leave with a college diploma, a commission in one of the services, and a service obligation.
United States Military Academy, West Point, NY
United States Naval Academy, Annapolis, MD
United States Air Force Academy, Colorado Springs, CO
United States Coast Guard Academy, New London, CT
United States Merchant Marine Academy, Kings Point, NY
List of Military and Maritime Colleges
Reserve Officers Training Corps (ROTC)
ROTC Scholarships cover tuition, books, fees, and provide monthly stipend for
living expenses.
Army ROTC 1
Air Force ROTC
Navy ROTC
The Frederick C. Branch Scholarship is a special Naval ROTC Scholarship offered for students who
attend Historically Black Colleges.
MIT Navy ROTC guidon aboard the Space
Shuttle. MIT, Harvard, and Tufts are part of
the same Navy ROTC unit.
Army ROTC at Embry-Riddle
Reserve Components
Army Reserve , Navy Reserve, Air Force Reserve, and Marine Corps Reserve offers the GI Bill, loan repayment, and tuition assistance. List of Benefits
National Guard
Army and Air National Guard receive Federal Educational Benefits similar to the
Reserves, plus many states offer significant educational aid to Guard members.
States like Indiana will cover 100% of tuition.
Veteran Benefits
Certain Veterans can transfer GI Bill benefits to spouses and children. More detail on Veterans Benefits is in the Entitlements Section of this document.
1
President Bush at the Air Force Academy
Note: I received an Army ROTC Scholarship that covered my degree at TCU – Dr. B.
© 2012 Kuni Michael Beasley, LLC all rights reserved
18
M.O.N.E.Y. for College
Other Programs
Peace Corps Volunteers
There are many Federal, State, and Local programs that help fund education, provide employment, and
forgive or repay loans. Need to dig to find many of these. Here are basics of Student Loan Forgiveness
and Repayment Programs:
Federal Programs
Student Educational Employment Program employs students while they are in college
Americorps has a program to help fund college or repay loans.
Public Service Loan Forgiveness allows those who work in public service jobs to have their loans forgiven.
Teacher Loan Forgiveness for those who serve low income families.
Nursing Loan Repayment Program to encourage people to enter the nursing field.
Peace Corps will repay certain school loans.
Several Federal Agencies use Loan Repayment as a recruiting and retention incentive.
Additional Information on Loan Forgiveness and Repayment.
Other Programs
Police Cadet programs in places like New York and Los Angeles offer tuition assistance and pay.
Many employers will assist in loan repayments.
UPromise helps earn extra money for education through rebates, coupons, and discounts.
From the Left: NYC Police Cadet, Teaching in a low income school, Nurse at a VA hospital, Americorps Volunteer in Michigan
© 2012 Kuni Michael Beasley, LLC all rights reserved
19
M.O.N.E.Y. for College
Free Colleges & Work Colleges
Deep Springs College, Mojave Desert
FREE Colleges
Alice Lloyd College 1
Barclay College
Berea College
College of the Ozarks
Cooper Union
Curtis Institute of Music
Deep Springs College
Saint Louis Christian College
Webb Institute
William E. Macaulay Honors College at CUNY
Temporarily FREE: Antioch College
Students admitted in 2012, 2013, and 2014 will receive a full-tuition, fouryear scholarship.
Campus Dairy Farm – College of the Ozarks
Almost FREE: Moody Bible Institute
Provides full tuition through Federal grants and Institutional grants. Student
pay for room, board, fees, and expenses.
Half FREE: Franklin W. Olin College of Engineering
Used to be completely free, but now offers half-tuition
Work:
Work Colleges Consortium
Member colleges allow student to work off all or part of their tuition.
Blackburn College
Ecclesia College
Sterling College
Warren Wilson College
Cooper Union
Alice Lloyd, Berea, and College of the Ozarks are also WCC members.
Work-Learning-Service – Sterling College
1 Noted alumni – Carl D. Perkins, who served in the U.S. House of Representatives from 1949 until his death in 1984. Perkins's legacy lives on in the form of the
Perkins Loan, a need-based Federal student loan.
© 2012 Kuni Michael Beasley, LLC all rights reserved
20
M.O.N.E.Y. for College
Colleges with Cost Containment Programs
A view from Warren Wilson College in the Swannanoa Valley of the Blue Ridge Mountains (NC)
These colleges reduce cost by replacing loans with grants, providing full tuition to families below a certain
level, capping loans, eliminating family contribution, and finding ways to reduce cost of attendance.
Amherst College
Appalachian State University
Arizona State University
Boston University
Bowdoin College
Brown University
Bryan College (TN)
California Institute of Technology (Caltech)
Carleton College
Claremont McKenna College
Colby College
College of Holy Cross (Worcester, MA)
College of William and Mary
Colorado State University-Pueblo
Columbia University
Connecticut College
Cornell University
Dartmouth College
Davidson College (North Carolina)
Duke University
Emory University
Fairfield University
Georgia Institute of Technology
Grinnell College
Harvard University
Haverford College
Indiana University Bloomington
Kenyon College
Lafayette College
Lamar University
Lehigh University
Massachusetts Institute of Technology
Miami University (Ohio)
Michigan State University
North Carolina State University
Northern Illinois University
Northwestern University
Oberlin College
Pomona College
Princeton University
Rice University
Sacred Heart University
South Texas University
Stanford University
Swarthmore College
Texas A&M University
Texas State University - San Marcos
Tufts University
University of Arizona
University of California at Berkeley
University of California System
University of Chicago
University of Florida
University of Illinois at Urbana-Champaign
University of Louisville
University of Maryland, College Park
University of Michigan at Ann Arbor
University of Minnesota System
University of North Carolina at Chapel Hill
University of Pennsylvania
University of Tennessee
University of Toledo
University of Vermont
University of Virginia
University of Washington
Vanderbilt University
Vassar College
Washington and Lee
Washington University in St. Louis
Wellesley College
Wesleyan University
Williams College
Yale University
Check with the institution for specific information
© 2012 Kuni Michael Beasley, LLC all rights reserved
21
M.O.N.E.Y. for College
Types of NEED-BASED Money
All Need-Based Aid starts with the Free Application for Federal Student Aid or FAFSA.
The FAFSA is used to determine how much and what kind of aid a student can receive.
Most Need-Based Aid comes from the Federal Government with States and institutions
contributing. It is important that parents and students understand how this aid works.
NEED does not mean NEEDY! “Need” is the difference between what a college costs and what you are
expected to pay according to the FAFSA results. If the college costs $20,000 and it is determined you
can pay $12,000, the NEED is $8,000. You would qualify for $8,000 in Need-Based Aid.
Some Soap Box Here
Federal Aid
Most Federal Aid is in the form of grants and scholarships.
Grants
Grants do not have to be repaid. To be eligible for government
grants, you must submit a FAFSA. The Federal grants are:
Federal Pell Grant
Federal Supplemental Educational Opportunity Grant (FSEOG)
Academic Competitiveness Grant (ACG)
National SMART Grant
TEACH Grant
Loans
Loans have to be paid back. The Federal loan programs are:
Perkins
Direct Stafford
Direct PLUS (graduate and professional degree student borrowers)
Direct PLUS (parent borrowers)
Direct Loan Consolidation
State Aid
The State Higher Education Agencies will have specific information of their programs.
Institutional
Comments by Dr. Beasley
Saving. The financial aid system favors
the unprepared. This means that if you
have diligently saved for your student’s
college, it will be counted against you in
calculating aid. Indeed, because you
have saved, it will likely cost you more
overall for college than if you simply used
the money for a trip to Europe. Keep this
in mind when you do college planning.
Loans. The financial aid system will let
you borrow yourself into oblivion:
College debt exceeds credit card debt.
Colleges raise tuition easily, up at twice
the rate of inflation, because… they can!
College debt is “cheap credit on easy
terms [that] increases the amount of
money chasing the product (in this case
a diploma) allowing schools to increase
prices. This inflation makes it harder for
middle-class families to afford paying
their own tuitions” (Fox News).
Many Institutions have done away with or capped the loan
amounts for students. Princeton University started this in 2001
and many institutions have followed. Other institutions use additional methods to determine funding packages for students.
The CSS/Financial Aid Profile is administered by the College Board
and used by institutions to determine how much institutional aid
the student may receive. The CSS looks at more things than the
FAFSA. For example, home equity is not considered in the Federal aid, but may be considered in institutional aid.
Private Sources
Many private sources factor in need when awarding scholarships.
I want to go on record stating that I do not recommend any form of student debt! A well advised family with a properly guided
student can avoid all debt. Anything to the contrary – except in very rare situations – is bad advice and bad guidance! – Dr. B.
© 2012 Kuni Michael Beasley, LLC all rights reserved
22
M.O.N.E.Y. for College
Obamacare and College Funding
President Obama at the Notre Dame Graduation
Comments by Dr. Beasley
You are probably wondering “What Obamacare has to do with College
Funding?” The short answer is “A lot… probably more than a lot. Possibly
everything!”
My best friend, Howard Berg – the World’s Fastest Reader – was invited by
Neil Cavuto of Fox News to read the Obamacare bill live on TV. He did this
three times in three broadcasts, reading the House version, the Senate
version, and what is called the Reconcilement version, where they work
out differences between the bills and hammer out one version and vote on
it. During the reconcilement process, the Student Loan Program was
slipped into the bill. Nobody seemed to notice this until Howard read it on
the air. It was Howard who asked on live TV “I don’t understand why they
inserted the Student Loan Program into this bill.” That was the first national disclosure that this had been done. Within minutes, Rahm Emanuel,
White House Chief of Staff, had a call into Fox complaining about the disclosure. Quite frankly, student loans were slipped in and I bet nobody but
a select few knew it – yet it passed both Houses, and was signed into law.
What does this mean? All federally insured private lending ended. Now all
loans are made by the government. It means that the interest will be paid
to the government, ostensively, to help pay for Obamacare. It also means
that the government can bring more power to bear to collect loans with
the world’s largest collection agency, the IRS. This could easily go a step
further to see colleges and students held hostage by the government because of the Golden Rule… “He who has all the gold makes all the rules.” 1
Avoiding Debt
There are very simple solutions to
paying for college and they have
been around for a long time:
Simple Solution 1:
Better Grades + Higher Test Scores =
More Scholarship Opportunities
As you have seen in the previous
pages, many colleges provide
significant scholarships to good
students.
What does it take to be a good
student? That hasn’t changed
since Socrates.
•
•
•
Pay Attention
Follow Instructions
Do the Work
Simple Solution 2:
Get Sound Advice
Don’t Try This Alone
There was a big ideological debate on Student Loans as a separate bill, so it was never passed because it required a 60% vote
to pass the Senate. As a Reconcilement amendment, it only requires a majority vote, so it was easily slipped in among the 2000
pages of the Obamacare bill. Former Education Secretary Lamar Alexander equates this to a “Soviet style takeover.” Others
see this as something that will actually increase the Federal debt. Online articles include A Guide to Obama’s Student Loan Plan,
Student Loan Overhaul Plan, or SLOP, and College Lending Hidden in Obamacare. I guess we’ll wait and see. – Dr. B.
[OPINION] Please don’t get me wrong. Like many people, I believe there needs to be some form of universal health coverage. However, as a former Political
Science professor who has a Ph.D. in Urban and Public Administration, I don’t believe Obamacare is the solution. It places medical decisions into the hands of
government bureaucrats. With the Student Loan Program slipped in, decisions on who gets funding and possibly even what majors are available are in the
hands of a government bureaucrat, who may have only a GED.
1
© 2012 Kuni Michael Beasley, LLC all rights reserved
23
M.O.N.E.Y. for College
Types of ENTITLEMENT Money
Entitlement money comes in the form of grants, direct payments, discounts, waivers,
fee reductions, or some other means that reduce your out of pocket expenses.
Are you a RESIDENT? Are you ENTITLED?
The single largest entitlement benefit is residency. Just because you live in a particular location, you are
usually entitled to reduced tuition to publicly supported institutions within that jurisdiction. As you look at
public institutions, you will see cost difference between “In State” and “Out of State” students. This “fee
reduction” is because public money (often a tax) is used to help support the institution, and as a member
of that particular tax base, you get the benefit of that tax. Jurisdictions can also include county/parish,
city, school district, or any other tax entity that uses funds to support colleges.
There can be huge differences between “In State” and “Out of State” costs, often as much as double the
for “Out of State,” so some students have simply moved to the state or district to claim residency status.
Institutions have become smart to this and have placed specific “residency requirements” that require the
student to have lived in the jurisdiction a minimum amount of time (and be able to prove it) before they
can receive the reduced residency rate. Ethically, the reduced rate is a benefit for those who have been
contributing to the tax base, not to student “carpetbaggers” who move in just to receive the benefit of
those whose taxes have paid for the reduction.
Generally, the minimum residency requirement for “In State” rates is one year. Often, students will move
to the state, get a job for a year or attend a community college where residency requirements are less
stringent. Often, you only have to prove you live in the district. A water bill or some other documentation that links the student to an address within the district is usually sufficient. After a year, they apply to
the state school with “In State” rates. Considering you have just cut your tuition costs in half, this might
not be a bad strategy.
You need to do some research. You might find you are entitled to a lot more than you think. – Dr. B.
Tuition Equalization Grants
States like Texas, Georgia, and Oklahoma, provide Tuition Equalization Grants to resident students who
attend private colleges in the state because it is more cost effective, in some cases, to pay a student to
go to a private college verses the state’s cost for a public college.
Reciprocity
Many states provide Reciprocity with other states, where students from one state can receive In State or
reduced tuition to attend a college in another state and vice-versa.
New England Board of Higher Education has a reciprocity agreement among Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.
Academic Common Market is a reciprocity agreement among 16 southern states: Alabama, Arkansas,
Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South
Carolina, Tennessee, Texas, Virginia, and West Virginia.
Midwest Student Exchange Program is a consortium of six midwestern states: Kansas, Michigan, Minnesota, Missouri, Nebraska, and North Dakota.
Western Undergraduate Exchange covers institutions in Alaska, Arizona, California, Colorado, Hawaii,
Idaho, Montana, Nevada, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, and Wyoming.
Indeed, some states have reciprocity agreements with colleges in Canada.
© 2012 Kuni Michael Beasley, LLC all rights reserved
24
M.O.N.E.Y. for College
Veterans Entitlements
President Franklin Delano Roosevelt signs the first GI Bill into law, June 22, 1944
Not only is the military is the largest provider of college funding, it is also the largest provider of entitlement payments to those who are serving, have served, and their families. Military Opportunities
listed earlier were separated because going to West Point is an opportunity, not an entitlement. Listed
here are entitlements service members and their families receive as a result of serving. 1
Federal Veterans Benefits
Department of Veteran Affairs
Military Tuition Assistance
Scholarships
Federal Loans and Grants - Federal Student Aid
Active Duty Education Benefits User's Guide
Reserve Education Benefits User's Guide
National Guard Education Benefits User's Guide
Veterans Education Benefits User's Guide
Spouse and Family Benefits Programs
State Veteran Benefits
State Tuition Assistance, Fee Reductions, or Waivers
State Veteran's Benefits Directory
Veterans Advantage
GI Bill Entitlements
The GI Bill was specifically designed as a post-service
entitlement for service members who returned to civilian
life. Although some GI Bill benefits can be used while on
active duty, it is the entitlements after service that is the
focus of the Department of Veteran Affairs.
Montgomery GI Bill
Vocational Rehabilitation
Veterans Educational Assistance Program.
Post-9/11 GI Bill and Yellow Ribbon Program
Fry Scholarship
Dependents Educational Assistance
Transfer of Post-9/11 GI-Bill Benefits to Dependents (TEB)
Reserve GI Bill
Reserve Educational Assistance program
Additional info on the GI Bill and Department of Education.
There are several versions of the GI Bill with different benefits
The GI Bill paid for my MBA while I was on active duty and my Ph.D. after I left service. All my college education except for my Seminary doctorate was paid for
through Military Opportunities and Veterans Entitlements. – Dr. B.
1
© 2012 Kuni Michael Beasley, LLC all rights reserved
25
M.O.N.E.Y. for College
Types of YOUR OWN Money
College is now the biggest investment a family will make – exceeding the average cost of a house – if
you have to pay for all or part of it “out of pocket.” There are two types of savings: 1) Money you put
away, and 2) Money you don’t have to spend. Here are some thoughts and information on saving money
before, during, and after you send your student to college.
No College Worth That Much Money
Comments by Dr. Beasley
Colleges (and the government) will let you go into debt up to your eyeballs for some perceived value of a
particular college, but it is all fluff! I recommend you watch this video on Why college costs so much.
Indeed, I will go on record stating:
There is no college in the country worth more than $15,000 out of pocket per year – period!
I challenge anyone to prove quantitatively and qualitatively that there is that much of a difference that
would justify paying more, and that there is correlation between cost of college and success in life.
And there’s always that guy in the back of the room who quips, “What about Harvard?” Well, what about
Harvard?
Harvard will meet 100% of demonstrated need. Students whose families make less than $60,000 pay
nothing! Costs are scaled up to $150,000, where the cost is 10% of that amount. Hence, the maximum
someone would pay with a $150,000 income is $15,000 – which makes my point. Harvard is actually one
of best college values and one of the most affordable if you get in.
“2 PLUS” Strategies – I have TWO “2 PLUS” strategies to save money and time:
2+2 – Students go to a junior or community college for two years then transfer to a four-year college to
complete the last two years of their degree. This is a relatively straight-forward strategy with a little
twist. Community colleges are the best educational value in America. Most community college professors are better paid than their counterparts in four-year colleges and they are more focused on teaching.
In addition, it is easy to compare community college with its smaller classes to a large state college lecture halls filled with 500 students whose papers are graded by Teaching Assistants. Also, if students
maintain a 3.5 or higher, they qualify for Phi Theta Kappa, the Junior College Honor Society, which puts
them on the radar of four-year colleges and transfer scholarships! 1 When they graduate from the fouryear college, there is no asterisk at the bottom of the diploma that says, “Only went here two years.”
2+2+2 – For ambitious students only! This is a strategy to complete high school AND college in six
years. Here, the ambitious student completed the freshman and sophomore year (with significant college
prep), then takes dual credit courses at the local community college or even a four-year college which
count for both high school and college credit. Students then transfer to a four-year college to finish the
last two years of their degree. The same transfer scholarships are available. 2
Dual Credit
Do not try to do this alone. This requires a very solid plan and strong commitment from the student.
Get sound counsel, because doing this wrong can cost you a lot of misspent money and even forfeit opportunities.
1 My wife graduated from a community college and transferred to Harvard on the Phi Theta Kappa Scholarship which paid for her first semester. She maintained
her GPA and continued on scholarship the next year.
2 We have had a number of students do the 2+2+2, in some cases completing their Associates Degree BEFORE they graduated from high school! Many received transfer scholarships, completed their Bachelors Degree, and several went on to Law and Medical school as young as 19!
© 2012 Kuni Michael Beasley, LLC all rights reserved
26
M.O.N.E.Y. for College
Saving Money in College
Commencement at Excelsior College (NY) where almost all the credit required for graduation can be earned through testing. 1
Credit by Examination
There are ways to accumulate college credit easily and
cheaply. A convenient way is to take tests for credit.
College Level Examination Program (CLEP) 90 minute exams that cover most of the courses the first two years of
college. Exams cost $77 plus test administration fee. 2
DANTES Exams – Similar to CLEP, developed for the military, but available to the general public. DANTES cost
about $80, a lot cheaper than a class.
Transfer Credits – You may be able to take courses at
another college where they are cheaper and transfer them
in. Transferable courses can reduce up to a full year’s tuition cost. Check with the college on transfer policies.
College Budget Strategies – Here’s a List of Cost Reductions, ideas to Reduce College Costs, and Reduce Expenses, and Student Budget Worksheet.
Textbooks – Textbooks are expensive. Buy used textbooks. 3 Cheap Textbooks.com, Buy Used Textbooks.net,
Rent Textbooks, Campus Books, and Cheapest Textbooks.
Vanity Colleges
There is a prevailing belief that where you go to college somehow determines your success in life, prepositions you for medical or law school, or has some
sort of mystical effect on job opportunities. I will just
ask some simple questions to bring us down to reality:
1 – Do you have a family doctor?
2 – Do you have family lawyer?
3 – Did you pick them based on where they went to
college?
In the two most important professions where college
education is the most important credential, the vast
majority of people don’t even consider where these
people went to college. Quite frankly, if it is not important when you choose your doctor, how important
should it be to your student?
Virtually every college in the country will provide your
student an academically sound undergraduate education. You need to understand this and so does
your student. – Dr. B.
Moby Dick – Most Classic Literature is available online, so you don’t need to buy Moby Dick at the book
store. Try these: U Penn, Books Online, Bartelby, Page by Page, Project Gutenberg, Classic Reader, 446
Places for Free Books Online, and Links to Libraries Online
1 Excelsior College celebrated its 40th anniversary in 2011. It has been a leader in extended, distance, and non-traditional education. Formerly the University of
the State of New York, it is operated under the New York State Board of Regents, is fully accredited, and offers Associates, Bachelors, and Masters Degrees.
2 CLEP Exams are written by the College Board, which also writes AP and SAT Subject Exams. There is about an 85% crossover in content, so students who
prepare for AP Exams could easily take the CLEPs for the same subjects. We have a complete strategy on CLEPs, AP, and SAT Subject Exams.
3 You want to talk about a SCAM; textbooks are a $500 - $1,000 expense per year. Just about every year, publishers put out a “new edition” of last year’s textbooks to thwart the used textbook industry. Usually they incorporate a few minor changes and reorder things so the page numbers are changed so they won’t
line up with last year’s books. When the professor publishes a new syllabus, the references are to the newer book.
© 2012 Kuni Michael Beasley, LLC all rights reserved
27
M.O.N.E.Y. for College
Taxes and Savings
Tax Benefits – Federal Education Tax Benefits allow people to deduct
the costs of college. Lifetime Learning Credit, American Opportunity
Tax Credit, Tuition and Fees Deduction, Student Loan Interest Deduction, and Education Savings Accounts provide for tax-free savings, interest, and withdrawal. Here’s a quick explanation of these from Smart
Money.
529 Plans – 529 plans came out to provide a tax-free savings for college. Here’s info on SEC 529 Plans, 529 Plans by State, How 529 Plans
Work, 529 Plan Statistics, and IRS Qualified Tuition Programs.
529 Reasons NOT to do a 529
I am NOT a big proponent of 529s. In the market down-turn in 2008,
529s took huge losses. There are many better and more prudent ways
to save for college. Although I have an MBA and am pretty smart on
this stuff, I, too must turn to those smarter than me. My financial advisor is Richard Beidl, Impact College Planning, who has his MBA from
MIT in Financial Engineering and several years of Wall Street experience. He provided me with some articles to share: Misguided Promise
of 529 Plans and Oregon Sues Over Risks Taken In Its '529' Fund. I’ve
also dug up a few that might be interesting: Seven Things You Didn't
Know About 529 Plans, How Safe is Your College Savings Account?, and
Market Slide Snags Alabama Tuition Program. – Dr. B.
There are significant Tax breaks on tuition
NO Debt! NOT worth it!
Final Thoughts on YOUR MONEY
I addressed Scholarship Scams earlier. The newest Scam is actually legal, but highly unethical – the
Mortgage Scam. So called “College Planners,” actually insurance salesmen who often never went to
college, put together a college funding plan that includes refinancing your house. You refinance, put the
money in an annuity or whole life policy, and borrow against it to pay for college. Sound simple enough,
right? However, you end up paying retail for college, owe more on your house with a bigger mortgage
payment, and owe your insurance policy the money. If you had $100K of equity and put it in an insurance policy, they just made $10,000 off of you and they probably charged you $3,000 for the privilege!
There are times when refinancing your house is a wise decision. But if they push you to do it, be wary!
Contact me DocBeasley@NEWcollegePrep.com BEFORE you shoot yourself in the foot!
One more thing. NEVER, EVER, EVER use your retirement for your kid’s college. There are so many other ways to get a degree without you forfeiting your future. – Dr. B.
© 2012 Kuni Michael Beasley, LLC all rights reserved
28
M.O.N.E.Y. for College
Partial list of where our
students have been admitted and received
scholarships*:
Air Force Academy*
Alabama*
Alvernia*
Arizona State*
Arizona*
Arkansas State*
Arkansas*
Arkansas-Little Rock*
Baylor Medical
Baylor*
Brigham Young*
Colorado*
Concordia (TX)*
Dallas Baptist*
Denver*
Duke*
Embry-Riddle*
Florida Tech*
Florida*
Georgetown Law*
Georgia Tech*
Georgia*
Harvard*
Houston*
Leeds (UK)
Lehigh*
LeTourneau*
Louisiana Tech*
Morehouse*
Naval Academy*
New York Maritime*
North Texas*
Northwood*
Notre Dame*
Oklahoma State*
Oklahoma*
Oral Roberts*
Oregon State*
Patrick Henry*
Pepperdine*
San Diego
Savannah College of Art*
Schreiner*
Southern California
Southern Methodist*
Stanford*
Texas-Arlington*
Texas-Austin*
Texas-Dallas*
Texas-San Antonio*
Texas A&M Galveston*
Texas A&M*
Texas Christian*
Texas Medical Branch
Texas Tech*
Trinity (TX)*
Vanderbilt Law*
Virginia Tech*
Virginia*
Wake Forest*
West Point*
Who We Are
We are NEW College Preparatory Academy. We operate 15 small college preparatory academies across
the country and the National Homeschool Academy
where we provide complete homeschool programs.
We have been in the College Readiness Business for
over 20 years.
What We Do
We provide Complete College Readiness Programs
that include:
College Readiness
• PSAT/ACT/SAT Training
• College Advisory and Planning
• College Selection-Application-Funding-Enrollment
Learning Strategies
• Read-Study-Test-Write Techniques
• Accelerated Learning Applications
• Critical College Skills
Michelle Preston
Full Scholarship
Harvard Univ.
Stephen Terry
Graduated
Univ. TX-Arl at 16
Masters at 19
Ph.D. Student
Stanford
Sean Gent
Selected to ALL 3
Service Academies
Chose Air Force
Academic Curriculum
• Complete College Prep Curriculum
• Dual Credit and College Credit Programs
• Supplemental and Enrichment Programs
Success Strategies
• Planning and Goal Setting
• Tracking and Accountability
• Time Management
Support Teams
• Coaching, Counseling, and Advising
• Mentoring, Monitoring, and Tracking
• College Concierge Services
Contact us for more information
www.NEWCollegePrep.com
Info@NEWCollegePrep.com
© 2012 Kuni Michael Beasley, LLC all rights reserved
29
Kyla Harris
Magic Carpet Ride
Univ. TX-Dallas
Full Scholarship
Plus Housing
Plus $4,000 Cash
Stipend/Yr
Jonathan
Niemirowski
Magic Carpet Ride
Louisiana Tech
Full Scholarship
Plus Dorm & Meals
Daniel Ting
Nat’l Merit Scholar
Full Scholarship
Univ. Oklahoma
M.O.N.E.Y. for College
NCPA College Readiness Resources
PSAT-ACT-SAT Resources
Preview & Review Resources
Secrets to PSAT-ACT-SAT Success
Video version of this document
SAT Crash Course
Quick SAT preview prior to the test date
ACT Crash Course
Quick ACT preview prior to the test date
PSAT Crash Course
Quick PSAT preview prior to the test date
Preparation Resources
Module 1: PSAT-ACT-SAT Orientation
Introduction & Overview of the tests & Preparation Strategies
Module 2: Test-Taking-Techniques
Specific techniques to answer every type of question on each test.
Module 3: Critique Process
Our unique method to learn how to understand the test
Module 4: ACT & SAT Essay
Our special template method to write a timed essay
SAT Solutions
SAT Math Solutions
Each Math question is solved using the Test-Taking-Techniques
SAT Reading Solutions
Each Reading question is solved using the Test-Taking-Techniques
SAT Writing Solutions
Each Writing question is solved using the Test-Taking-Techniques
Learning Dynamics
Ultimate Reading – Speed Reading & Accelerated Learning Strategies
Study Dynamics – Systematic Study Strategies & Note-Taking Methods
Testing Dynamics – Academic Test Preparation Strategies & Testing Methods
Writing Dynamics – Writing Strategies, Writing Templates, & Writer’s State
College Counseling & Coaching
College Selection – Coached College Selection Process with Counseling
College Application –Applications & Essays with Supervision & Editing
College Funding – Funding Search & Qualification
College Enrollment – Final Preparation for College
Special Resource:
M.O.N.E.Y. for College –Opportunities, Strategies, & Sources of College Funding
Contact us for more information: Info@NEWCollegePrep.com
© 2012 Kuni Michael Beasley, LLC all rights reserved
30
M.O.N.E.Y. for College