Financial Aid

In this story, we will not attempt to make a judgment call on whether free Community College is right or wrong. Instead, we paneled a few experts in education and economics to get their take on the issue. We’re showing both sides of the coin, and letting readers decide on their own.

The democratization of Higher Education

The most prominent supporters of Obama’s plan laud the proposal as a right step in the right direction toward an equal democracy. One such organization, University of the People, offers tuition-free degrees to many students who would have been shut out of the opportunity to attend college otherwise. Founder and President Shai Reshef says, “According to the proposed plan, students could save an average of $3,800 a year. It is known that the average student spends as much as $1,200 each year on textbooks and supplies alone.”

Rasheen Carbin, Co-founder, and CMO of career app nsphire, says Obama’s plan is the right step for America. “As we all know, the price of college has skyrocketed. We also know, having a Bachelor’s degree adds about a million dollars to your lifetime earnings.” Rasheen is adamant that free community college can lift a burden on lower-income families, and close the gap between poor and wealthy classes in the U.S.

“College is still a very elite institution. Only a

Community colleges offer a cost-effective means for students to obtain a degree or certificate or complete the first half of the studies required for a bachelor’s degree. Because they are so affordable – annual tuition and fees average just under $3,500 – many students do not need to take out student loans to pay for their expenses. Some students live at home or take public transit to further lessen costs, while others attend part-time and work so they can avoid taking out loans and instead pay for their schooling out-of-pocket as they go.

This video explains how federal student loans work.

However, some students don’t have the luxury of depending on mom and dad for free room and board, money for textbooks, or gas money to get to campus. For those students, the additional costs of attending a community college can add up: When all fees, room and board, and textbooks and supplies are added in, the average annual community college expenses rise to $15,000. Federal student loans provide a lifeline for many students who would not otherwise be able to afford these expenses, minority and socioeconomically disadvantaged populations among them. But for a million students nationwide, federal student loans are not an option because their community college does not participate in the federal student loan program.

Opting Out

At first glance, it may seem counterproductive for a community college not to participate

The announcement of a significant increase in Stafford loan rates could pose a problem for some community college students. Despite reassurances from Congress that a deal is coming, those looking for ways to pay for their postsecondary education continue to be left in a bind at this point. On the other hand, many community colleges have done away with the Safford loan option for other reasons, and students are finding alternative methods for footing their tuition bills. Check out how community colleges are dealing with the issues involving Stafford loans and finding other ways to help their students financially.

Stafford Loan Rates Doubling?

MPN Now reports that the failure by Congress to address student loan rates has resulted in a doubling of the rates for Stafford loans. Without intercession by lawmakers, students could see rates of 6.8% on loans taken out for the upcoming school year. Last year, those rates were just 3.4%.

The rate hike applies to subsidized Stafford loans, which are those in which the government pays the interest while the student is still attending college. Subsidized Stafford loans make up about one-quarter of all Stafford loans issued. Unfortunately, they are also the loans that typically go to the neediest students.

Susan Romano, director of financial aid at Finger Lakes Community College in New York, told MPN Now that the changes may prompt students to look for other ways to pay for their college education.

“I think it’s going to make

Choosing a college is an important step that can directly impact a student’s success. Once a college is chosen, the reality of paying for higher education begins to creep into the picture. By selecting a community college, students have already made a frugal choice for their future. However, even community college is far from free. These ten financial aid tips help you pay your way through community college.

Earn Credits before College

You can begin paying for college long before you even apply. How? By earning college credits while you are still in high school. Many community colleges now work with neighboring high schools to allow students to dual-enroll in both college and high school classes simultaneously. Many of these programs do not charge tuition to college students but offer the same credit for the courses.

Determine Your Needs

Before you begin filling out financial aid forms, ABC Chicago recommends you get a rough idea of how much money you will actually need. Take the total cost of tuition at the college you will be attending and add on living expenses if you will be living on your own, books, and other essentials. Subtract the amount you have saved, as well as any money provided by your parents. Now you have a ballpark figure of how much money you still need to come up with to pay for your entire education.

This video offers some suggestions for securing financial aid.

Arizona is fighting an immigration battle that has become more than a little murky in recent months. With undocumented immigrants now able to apply for deferred action to continue to work legally in the U.S., the question has naturally turned to the issue of in-state tuition. Recently, those immigrants were required to pay out-of-state tuition rates, even at the schools in the states where they lived and worked. However, the introduction of the deferred action program has some schools rethinking their tuition policies, and some actually changing the rules on what undocumented immigrants must pay to get a college education in the U.S.

This video explains DACA and what it is.

New Action Plan Overridden by Arizona Governor

In August, shortly after President Obama’s new deferred action program was introduced, the governor of Arizona, Jan Brewer, made her own announcement. Governor Brewer signed an executive order for her state that mandated state agencies were not to issue driver’s licenses to undocumented immigrants in Arizona, even if they received deferred action to work in the United States. The order also stated that these individuals were to be denied all public benefits by the state, according to a report at the Tucson Citizen.

“As the [DHS – Department of Homeland Security] has said repeatedly…these individuals do not have lawful status,” Matthew Benson, a spokesman for the governor’s office, told the Citizen. “They are