FAP864: Beloit College Mindset List, FMD, EFP
FAP864: Beloit College Mindset List, FMD, EFP
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Student Financial Aid News
+ Yesterday we released the Cheap College Textbooks free eBook
+ Marketwatch: Student lender First Marblehead Corp. (ticker: FMD) said Goldman Sachs (ticker: GS) completed a $132.7 million cash investment in the company as co-founder Daniel Meyers will return to lead the firm.
+ Meanwhile, Chief Executive Jack L. Kopnisky will resign effective Aug. 31, with Meyers returning to the company to lead it “through this challenging operating environment.” Meyers, who will also serve as president, co-founded the company in 1991 and served as CEO until 2005. His annual base pay will be $1, although he will get $1 million and stock options if certain targets are met.
+ Private student loan lender Education Finance Partners has also ceased operations, the 129th student loan company to exit lending
+ As always, if you need student loans, please hit up StudentLoanNetwork.com
+ The Beloit College Mindset List is out! The class of 2012 has grown up in an era where computers and rapid communication are the norm, and colleges no longer trumpet the fact that residence halls are “wired” and equipped with the latest hardware. These students will hardly recognize the availability of telephones in their rooms since they have seldom utilized landlines during their adolescence. They will continue to live on their cell phones and communicate via texting. Roommates, few of whom have ever shared a bedroom, have already checked out each other on Facebook where they have shared their most personal thoughts with the whole world.
+ For these students, Sammy Davis Jr., Jim Henson, Ryan White, Stevie Ray Vaughan and Freddy Krueger have always been dead.
+ Shampoo and conditioner have always been available in the same bottle.
+ Gas stations have never fixed flats, but most serve cappuccino.
+ Films have never been X rated, only NC-17.
+ IBM has never made typewriters.
+ McDonald’s and Burger King have always used vegetable oil for cooking french fries.
+ The Tonight Show has always been hosted by Jay Leno and started at 11:35 EST.
+ Balsamic vinegar has always been available in the U.S.
+ Soft drink refills have always been free.
+ Clarence Thomas has always sat on the Supreme Court.
Scholarship Update
+ Cappex $2,000 Design Scholarship
+ Cappex.com is awarding a $2,000 Design scholarship, and we want you to have a shot at it. This scholarship opportunity will be available at any college or university. All you need is a Cappex profile. The Design scholarship will be given to students with well-rounded profiles, so don’t hold back on the details. To be eligible for this scholarship, you must have a high school diploma or GED and be currently enrolled in college or plan to enroll within the next 12 months. You also must explain to Cappex why you deserve this scholarship in the “Tell Us More” box at the bottom of the application. Application deadline is November 30, 2008. One award will be granted. Good luck!
+ Details at our free college scholarship search site
Mail Bag
+ There is none! But there’s a ton of stuff in the Twitter stream.
+ Remember this tip from former MIT director of financial aid Yvonne Gittens - make photocopies or scans of all your vital financial-aid related paperwork and have a copy securely stored on campus, so that if the financial aid office needs backup documentation, you have everything
+ Your chances of being selected for FAFSA verification are about 30%. Some schools do 100% verification.
+ Be careful what you publish online.
+ ENORMOUS FINANCIAL AID FATTY REFUND CHECK PARADISE!!!!!!!!!
+ Just got my financial aid money. Hello 46″ LCD HDTV!
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Reminders
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+ Financial Aid Podcast Show Notes at FinancialAidPodcast.com.
+ Free scholarship search secrets eBook at StudentScholarshipSearch.com/ebook
+ Open an FDIC-insured savings account today!
+ Stafford federal student loans at StaffordLoan.com
+ Parent PLUS loans at ParentPLUSLoan.com
+ Graduate student loans at GradLoans.com
+ Private student loans available at any time - visit AlternativeStudentLoan.com
+ Private student loan consolidation at StudentLoanConsolidator.com
+ FAFSA form tutorials and free help at FAFSAonline.com
+ Get FAFSA news at the FAFSA blog
+ The Financial Aid Podcast is a publication of the Student Loan Network.
I want to hear from you! Email me at financialaidpodcast {at} gmail {dot} com, visit http://www.FinancialAidPodcast.com, or call 206-350-1208.
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