FAP568: $9 BILLION up for grabs in politics, domestic violence scholarship, Rayko KRB

Student Financial Aid News
+ Inside Higher Ed: Dallas Martin, president of the National Association of Student Financial Aid Administrators, plans to retire in December, after 32 years at the group’s helm, the last dominated by intense controversy about the association’s response to the student loan scandal. In an e-mail message to the NASFAA board Friday, its chair, Linda Conard, said that Martin had “long planned to retire at the end of 2007,� and that he had told her of his plans to last year, after nearly 50 years in aid administration.
+ As competition for top business school graduates increases, some companies are relying on professors to do screening and to steer them promising students — for cash, according to the new issue of Business Week. Most of the time, the payments go to the business schools (frequently for the programs favored by the favored professors), but sometimes payments are made to professors directly, the magazine said.
+ WBZ: Tuition and financial aid are going up for students of New Hampshire’s university system. The system board of trustees approved a budget on Thursday that hikes tuition an average of nearly 7 percent for in-state students and 5 percent for out-of-staters. The board also approved increasing financial aid by 11 percent.
+ NASFAA: “Congress is considering a plan that would require banks and other lenders to compete for the right to make federally guaranteed student loans,” The Chronicle of Higher Education reports. “The proposal, which has bipartisan support, would set up government-run ‘auctions’ in which lenders would bid on loans based on the size of the government subsidy they would be willing to accept. Those lenders that agreed to the lowest subsidy rate would ‘win,’ earning the right to lend to students in a particular state, region, or subset of institutions for a set number of years.”
+ NASFAA: “A fragile, bipartisan compromise for overhauling the nation’s immigration laws was unable to survive a vote Friday morning in the U.S. Senate, a development that is likely to postpone action on the hot-button issue until after the 2008 elections,” The Chronicle of Higher Education reports. “The bill’s supporters fell 14 votes short of the 60 needed to limit debate and clear the way for final passage of the legislation, S 1348. The vote was 46 to 53 in favor of limiting the debate. The bill suffered a similar vote three weeks ago. After the vote, the majority leader, Sen. Harry Reid of Nevada, pulled the bill from consideration. The issue, he said, ‘will come back. It’s only a matter of when.’”
+ iPhone iPhone iPhone iPhone iPhone iPhone iPhone iPhone iPhone iPhone iPhone!

Scholarship Update
+ The ROSE Fund Scholarship and Grant
+ $25,000 award to a woman who has turned the overwhelming adversity of being a victim of domestic violence into a success story of being a survivor. The nominee must be a survivor who has broken the cycle of domestic violence and has persevered despite the harsh reality of her transition.
+ Self-nominations are not accepted. Nominations must be submitted by July 31, 2007 for consideration. The winner must be available to accept her award in person at the 2007 R.O.S.E. Awards Celebration scheduled for Tuesday, October 9, at the Fairmont Copley Hotel in Boston, Massachusetts.
+ Details at our free college scholarship search site

Mail Bag
+ Honastasia writes in: How can I find out if there is any other financial aid that I may qualify to pay for my living along with school.
+ File your FAFSA online first
+ Get a Stafford federal student loan
+ Get a parent PLUS loan
+ Get a private student loan
+ Tim Browne wrote: We completed the FASFA and have recently learned that we mis-filed taxes for 2005 & 2006, should we re-file our FASFA?
+ It’s probably not a bad idea - depends on your financial situation and how much of a discrepancy there is. Consult a financial planner to be sure.
+ Audio comments from Anji Bee
+ Social media tools for making money
+ Think about this: we’re coming up on an election cycle. Cynical though we may all be about politics, this is a multibillion dollar industry in which candidates will be spending exorbitant sums of money
+ After just three months of fundraising, the candidates for president in 2008 have already raised more than $150 million. No presidential money chase has ever started so quickly. By some predictions, the eventual nominees will need to raise $500 million apiece to compete—a record sum
+ 8 Democrats, 10 Republicans - $9 BILLION up for grabs to lobbyists, marketing, advertising, overhead
+ In what ways can you plug into this giant money machine? If you’re a band, consider going Geoff Smith style and composing and licensing music to various campaigns
+ Obama Chick raised $20,000 in ONE DAY on shirt sales alone
+ Get exclusive content from any of the candidates to relicense
+ Politicians will be spending money like crazy this election cycle - may as well get some for yourself! They see you as a commodity or a wallet to tap - so turn it around and see them as a cash cow to be milked
+ What suggestions do you have?

Podsafe Music
+ Rayko KRB, Better Days
+ Get his new album, Rockstar Poor
+ Music via the Podsafe Music Network

Reminders
+ Join the Financial Aid Podcast Loyalists on Facebook
+ Make me your Facebook friend
+ Buy Virtual Hot Wings, the Matthew Ebel live bootleg album!
+ Private student loans available at any time - visit AlternativeStudentLoan.com
+ Stafford federal student loans at StaffordLoan.com
+ Student loan consolidation at StudentLoanConsolidator.com
+ FAFSA form tutorials and free help at FAFSAonline.com
+ Financial Aid Podcast Show Notes at FinancialAidPodcast.com.
+ The Financial Aid Podcast is a publication of the Student Loan Network.

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