My daughter is a Junior at St John’s University in New York City.
I just checked her financial aid record and discovered that so far,
it has cost over $82,000 to attend.

$82,000 THOUSAND DOLLARS.

$82,012.36 to be exact. And she still has at least one more to go.
The tuition is $24,400 per year (and increasing).

That adds up to about $72,000 over 3 years
- according to my calculations.
So where did the other $10,000 go?

FEES…

New Student Fee, University General Fee, Student Activity Fee,
Late Payment Fee, ID Card Replacement Fee,
A/R Interest (what’s that?).

And this doesn’t even include books (which average about
a hundred bucks each), food, transportation or room and board.
She doesn’t even live on campus.

According to St John’s University - the cost of attendance
for the 2007-2008 Academic Aid Year will be:

Books and Supplies…………….. $1,000.00
Fees…………………………………    $640.00
Home Maintenance………………. $2,700.00
Personal Expenses………………. $1,800.00
Transportation……………………. $1,100.00
Tuition……………………………… $26,200.00

Total: ……………… A Whopping $33,440.00 

Damn!

Her grades are pretty good… All A’s and a couple B’s.
You’d think she could get some grants and scholarship money 
since she’s a good student. Well, she can.

But not $33,440.00 worth.

Which means the balance will have to come from loans.
By the time she graduates, she AND I, will be up to our eyeballs
in student loans and debt.

Now I don’t know about you, but it took me years and years
to pay off my own student loans. Now I have to start all over again
by taking out Parent Plus Loans to help pay for my daughter’s education.

So, what’s the solution?
The solution is MORE SCHOLARSHIPS.

More Scholarships = Less Loans.
   
College is more expensive than ever.
The scholarships you win can change your life forever.

Example… If you can pull off a $5,000 scholarship,
that’s $5,000 less in student loans you have to take out.

A $5,000 student loan means 10 YEARS of paying 
about $100 a month… EVERY MONTH!

Instead of paying that money to the government in the form
of student loan repayment, you could save about $12,000
or so for your retirement. 

Assuming a modest 8 percent rate of appreciation,
that $12,000 can easily grow to over $120,000 in 30 years.

In 40 years, it’ll grow to over $260,000!

That’s a serious life style change. And that’s just for a small
$5,000 scholarship. Just imagine what a $10,000, $20,000
or more in scholarships can do for your lifestyle.

Billion$ of dollars are available in scholarship money.

But the irony is that most students (and their parents)
don’t know where, and more importantly, HOW to apply
for scholarship money.

There are a couple books that are available that list
a couple thousand scholarships that you can apply
for such as Petersons.

But they don’t tell you HOW to win them.
I have finally found such a resource.

www.ScholarshipMoneyInformation.com

 

TAGS: fees, financial aid, grants, Parent Plus Loan, scholarships, St Johns, St Johns University, student loans

This entry was posted on Friday, March 30th, 2007 at 3:19 am and is filed under Student Loans, Financial Aid, Scholarships, Grants. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.