How To Pay For College Tuition


Thursday, September 16, 2010

MTV: Can You Pimp My Financial Aid?

The media company that invented the music video wants you to dumb down the college loan process, so everyone can cut a slice.

These days, you almost need a Ph.D to suss out financial aid, which leads potential students down an uneducated road because you need money to go to college to gain knowledge to understand how to get that money in the first
place! Ugh, it's frustrating to even write about.

Enter the creative geniuses at MTV, the College Board and the Bill & Melinda Gates Foundation. They've dreamt of a way to make applying for financial aid simpler and more democratic. Starting today, they want you to submit your ideas of how to cut through all that red tape to the Get Schooled College Affordability Challenge,
and since this is about money, they'll award the guy or gal with the best proposal $10,000. Plus
, the winner will witness their brainchild in action with the help of MTV, the College Board, the Gates Foundation, innovative firm frog design and a $100,000 development budget.

And what better way to announce such an initiative than with the one and only John Legend? The pianist surprised Howard University stude
nts this morning by teaching professor George E. Carr's Education in Black America class. Having his own education-centered nonprofit (Show Me Campaign), Legend advocated education reform. You can catch his lecture on mtvU.com starting Oct. 4, 2010.

"MTV is proud to join forces with the College Board to leverage our reach with young people nationwide to harness their creativity and make financial aid more accessible," said Stephen Friedman, MTV general manager. "Our hope is that this 'Challenge' will empower students to take advantage of opportunities t
hat can open doors to higher education."

Those doors have been closed to some two million college students who don't apply for any of the $70 billion the US government dishes out in financial aid. Difficulty paying for tuition is a major hindrance to students and a reason why many fail to graduate. According to MTV, less than 35 percent of those pursuing an undergraduate degree finish school within four years, and less than 60 percent complete their college education in
six years.

You have until Dec. 17, 2010 to reform the way we process financial aid. Better hurry. Economists at Georgetown University estimate that more than 60 percent of jobs in 2018 will require some education or training beyond high school, but if Americans can't afford it, who will employers hire?

Finding free college scholarships and grants is not a simple task, however, thanks to some government programs available and with the help of the college or university that you expect to attend, there are some free college scholarships and grants available if you know where and how to research these programs.

That being said, there are other alternatives to finance college tuition in scholarships, grants and awards that should be reviewed to see what you may qualify for. Click Here for a source that I found helpful.



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