Scholarship Mom Alert: Tweet for Success Scholarship Contest

Scholarship Mom Alert, Photo by Wendy David-Gaines

Scholarship Mom Alert, Photo by Wendy David-Gaines

Does your college-bound student have time to write a tweet? If so, he can apply for the Tweet for Success Scholarship Contest.

College scholarship expert Monica Matthews, author of How To Win College Scholarships, researched and found this quick and easy scholarship that does not require a long essay but merely the length of a tweet of 140 characters or less.

Monica’s Winning Tips are a must read for scholarship applicants. The deadline is September 18 so read her post Tweet for Success Scholarship ASAP.

Good Luck!!!

Scholarship Mom Alert: Xerox Technical Minority Scholarship

Scholarship Mom Alert, Photo by Wendy David-Gaines

Scholarship Mom Alert, Photo by Wendy David-Gaines

Winning scholarships can help pay the college bill and add to a student’s resume. College scholarship expert Monica Matthews, author of How To Win College Scholarships, helped her son win over $100,000 and is sending POCSmom readers a specific alert to learn her tips for applying and winning college scholarships.

“The Xerox Corporation is once again offering generous amounts of college scholarship money with their Xerox Technical Minority Scholarship,” Monica says. Qualified minority students who are enrolled in a technical degree program at the bachelor degree level or above may apply to win awards ranging between $1000 and $10,000.

Go HERE to read Monica’s great tips for winning scholarships and HERE for her special “Winning Tips” for applying to the Xerox Technical Minority Scholarship. Hurry up because the Xerox scholarship deadline is September 30!


The Political Side of Student Loans

Warning sign to keep up with student loan law changes. Photo by Wendy David-Gaines

Warning sign to keep up with student loan law changes. Photo by Wendy David-Gaines

Please welcome the return of special guest Jenny L. Maxey, blogger and author about financing higher education with minimal debt and maximum opportunities. Read Jenny’s important post about how to keep up with the frequent changes in student loan laws and get involved beyond staying informed:

Summer seems to be the designated time of year to get down to student loan business on Capitol Hill, attempting to beat whatever impending change will go into effect on July 1st. In 2013, a new law was passed tying Federal Direct Loans and PLUS loans to the rates of the Treasury plus a fixed rate based on the type of loan. These rates are determined in the spring and then are fixed for the life of that loan. This summer, the U.S. Department of Education has made a regulatory change to help those in default calculate a repayment plan similar to those not in default using the Income Based Repayment plan, allowing some to have repayments as low as $5. Further, President Obama signed an executive order to go into effect December of 2015 that alters repayment plans to extend repayment in order to become more manageable, especially for older borrowers.

The changes come from all over – legislative, executive, administrative. How are you or your college-bound student expected to keep up with it all? Can you? Here are a few levels of activity to help you keep informed about the political side of student loans.

LEVEL ONE:  Maybe you and your college-bound student have better things to do than follow the ever-changing squabbles on Capitol Hill. However, it is important to be informed about the influence those changes can have on the debt you and/or college-bound student are taking on. Here are a few easy ways to keep up-to-date.

  • Before you sign the terms, make sure you understand what is in them. You’ll need to do this every year, but it’s only once a year.
  • If you don’t understand the terms, visit to get the most up-to-date information on government loans.
  • Speak with your Financial Aid office for additional help in understanding any changes.

LEVEL TWO:  If you have an opportunity to dig a little deeper, try these steps in addition to Level One.

  • Add a Google Alert. You can put in keywords such as “student loans” or “federal loans” and receive daily, weekly or monthly updates on what changes are being ensued. Learn how to set up a Google Alert HERE.
  • Do some bill tracking. While this only follows the changes made legislatively, you can follow the debates and where your elected representatives are hoping to steer the conversation. You can track bills HERE.

LEVEL THREE:  Do you want to do more than just stay informed? Get active!  Have an effect on the outcome. After all, it’s you and/or your college-bound student who are taking on this debt. Now that you know the news and are tracking legislation, you can email or call your state and local representatives and ask them where they stand and give your opinion on the matter. Your effort might make the difference in how the issue is amended or voted upon.


Jenny L. Maxey is the author of Barrister on a Budget: Investing in Law School…without Breaking the Bank. Jenny earned a Master’s degree in Public Administration and a J.D., and is licensed to practice law in Ohio. Although her book is geared toward pre-law and law students, most of the information can be easily applied to any level of higher education. Barrister on a Budget is available on and Barnes & Noble Nook. You can find more information and follow her blog on

Wednesday’s Parent: College-bound sibling rivalry is more than jealousy

Siblings. Photo by Amanda Gaines

Siblings. Photo by Amanda Gaines

The focus on college prep is on the college-bound student going through the process not his/her siblings. However, they too are greatly impacted by their brother’s or sister’s college prep. Sibling rivalry encompasses more than jealousy. It may generate anxious feelings of loneliness, sadness and worry. Here are five things parents may be on the lookout for and how they can help:

Attention Are family dinner conversations devoted to choice of college majors? Are family vacations really collegecations, family vacay + college visits? Are family purchases considered while calculating college costs? Siblings notice where the family spotlight shines.

Parents may include siblings in college prep activities. For example, siblings may help search for scholarships for their brother or sister and themselves. College scholarships are available for students in elementary school through the college years. Younger siblings may be specifically encouraged to join in conversations expanding vocabulary in preparation for their college admission tests. Older siblings may be urged to share their experiences with choosing a major.

Time The college-bound must make room in their schedule for studying for college admission tests, homework for advanced classes, community service projects, and researching colleges. College prep activities take up a lot of formerly free time – some of which may have been shared with a sibling. Now there may be an empty gap in the sibling’s schedule.

Parents may help their children with time management and organization. By creating a calendar and listing all the must do’s, want to do’s may be filled in next. There may not be a lot of impromptu downtime with siblings but pre-arranged slots ensures togetherness will happen. Meanwhile, parents may help siblings find new interests or develop existing ones for their newly found free time as they all move toward independence and their own life path.

Comparison Following in someone else’s college-bound footsteps is a double-edged sword. Sometimes it paves the sibling’s way, providing a roadmap of pitfalls, warnings and expectations. Other times it highlights their different personalities, talents and interests which may collide with expectations. This may lead to doubts about self-worth, pressure to change or exaggerated conceits.

Parents may have to be extra careful not to engage in comparisons. Using one child as an example for another may cause problems difficult to undo. Provide praise when warranted and support when necessary, appreciate and celebrate accomplishments, and recognize unique and special talents for each child.

Money Barring an unexpected windfall, family finances are finite. When money is set aside for a large purchase like a college education, cash for other things may no longer be viable options. College loan debt must be paid back and factored into an increase in monthly bills. If not, there will be severe consequences that may not be borne equally by all family members and there may a shortage of future funds.

Parents of college-bound students (POCS) have two large financial goals to plan for: college educations for their children and retirement for themselves. Before committing family dollars, consider a long range plan and budget for these expenses. At a family meeting, share these financial expectations and the contributions for college expected from student pockets.

Change Separation anxiety may hit hard for parents and siblings when students leave for college but it also may cause plenty of anticipatory stress. Shopping for college supplies, packing belongings, rearranging the student’s bedroom are constant reminders of impending change.

Parents may help themselves, the college student and siblings by planning fun things to look forward to. Scheduling when to expect phone calls and care packages may allay some anxiety for the college-bound. Starting new activities may work like magic to distract worry from both siblings and their parents.

Read Suzanne’s post about sibling rivalry.


Wednesday’s child may be full of woe but Wednesday’s Parent can substitute action for anxiety. Each Wednesday Suzanne Shaffer and I will provide parent tips to get and keep your student on the college track. It’s never too late or too early to start!

The bonus is on the fourth Wednesday of each month when Suzanne and I will host Twitter chat #CampusChat at 9pm ET/6pm PT. We will feature an expert on a topic of interest for parents of the college-bound.

Wednesday’s Parent will give twice the info and double the blog posts on critical parenting issues by clicking on the link at the end of the article from to and vice versa.

Wednesday’s Parent: 6 Circus lessons for balancing the budget

6 Circus lessons for balancing the budget. Photo by WendyDavid-Gaines

6 Circus lessons for balancing the budget. Photo by WendyDavid-Gaines

Many kids and parents are fans of the circus. They marvel at the skills of the aerialists, acrobats and animal tamers. They laugh at the antics of the clowns, consume tasty treats and watch the sideshows. There are also powerful financial lessons that may be learned from these performers to help teens learn about managing money.

Many of the college-bound and their parents are about to take on huge college expenses while trying to maintain a certain life-style and prepare for a future one. There will be a host of new purchase opportunities for an already lean wallet. If a house is on the future acquisition list, student debt may prevent the plan. Read Naughty and nice solutions to cut college costs and increase home ownership for more details.

Use these six questions packed into vivid images to start a serious discussion to teach your teen about money management:

  1. When it comes to balancing your budget, are you a juggler or a tight rope walker? Show your child how to create and use a budget by listing expenses and income.
  2. When it comes to spending money, are you the Master of Ceremonies or a clown? Explain the realities of living within one’s means based on their budget compared to a foolish fantasy without a safety net.
  3. When it comes to making decisions, will you choose cotton candy or unbuttered popcorn? Life is about choices including what to spend money on. Parents may help their kids understand how to include occasional splurges into normal routines and still be nutritionally and financially healthy.
  4. When it comes to preparing for your future, are you the lion or the lion tamer? Most teens live in the present but focusing on the future is a great way to prepare the college-bound for what’s to come. Teach your child the benefits of controlling their own finances rather than having debt decide for them.
  5. When it comes to saving for something special, are you the sideshow’s Strong man or the whole three-ring circus? Teach your child how to prioritize financial goals to achieve them one at a time or they may spread themselves too thin and not focus on any well.
  6. When it comes to financial security, are you an acrobat or an aerialist? Both are strong, have great timing and get the job done. The message parents may teach is these are the skills needed to achieve a student’s financial dreams.

For more budgeting tips for teens before college check out Suzanne’s blog:  Wednesday’s Parent: A Crash Course in Money Management 


Wednesday’s child may be full of woe but Wednesday’s Parent can substitute action for anxiety. Each Wednesday Suzanne Shaffer and I will provide parent tips to get and keep your student on the college track. It’s never too late or too early to start!

Wednesday’s Parent will give twice the info and double the blog posts on critical parenting issues by clicking on the link at the end of the article from to and vice versa.

7 Tips to Help Your Child Decrease Their Loan Debt BEFORE Graduation Day


Barrister on a Budget by Jenny L. Maxey

Barrister on a Budget by Jenny L. Maxey

Jenny L. Maxey, author of Barrister on a Budget, and I have teamed up to provide some fresh financial suggestions for parents, the college-bound and students continuing with post-graduate studies. Jenny will focus on tips to help your child decrease student loans BEFORE graduation and I will zoom in on fresh ideas for families to do now, plan for the future, and ask others to step it up.

Enjoy Jenny’s guest post:


7 Tips to Help Your Child Decrease Their Loan Debt BEFORE Graduation Day

Student debt is becoming a heavy burden, and not just for students.  Parents often co-sign for loans to help their child receive funds or even just to help them get a better interest rate.  The scary thing is that in the current economy, many students are unable to find a job that will allow for cost-of-living in addition to the hefty repayments.  And what happens if the student can’t make the payments?  Well, it can be two-fold.  If you co-sign, you are the one responsible to make the payments.  Plus, your child might move home (if you’re feeling the effects of the empty nest, that’s maybe not a bad thing), which can cause your bills to increase.  You’re likely going to be dipping into your retirement funds (or not saving for retirement at all), and then what happens when you retire?  You and your child are going to be stuck paying that student loan bill.  Even declaring bankruptcy, does not get rid of student loan debt.  So before you or your child sign for another loan, take these steps to better not only your child’s future, but yours as well.

  1. Avoid borrowing loans altogether.  Okay, this might sound obvious, but have you and your child looked for opportunities?  I mean really looked?  Scour the internet, local and state organizations, your employers, and corporations, anything you can do to find scholarships.  Then, apply for all of the ones your child qualifies for.  Yes, this can be time consuming, but you could avoid thousands in debt for not much work.  Joining the military is also an option that many don’t consider.  The military can offer partial and sometimes full tuition assistance among other benefits.  And, as some employers give preference to the military, can be the difference in acquiring a job or not in this market.
  2. Graduate early.  If your child is still in high school, take Advanced Placement (AP) courses.  While the exam to receive the college credit can cost $80 – $120 (plus any fees added by the high school), it can be cheaper than the same course in college.  Be sure to inquire about any financial assistance the high school may provide for these courses.  If your child is currently in college, take the full credit load every semester if the tuition is a flat rate (every school is different, so check the policies).  Also, they should use their summers wisely and do an internship that will give them course credit (and maybe some spending money) as well as experience and references!
  3. Pay attention to loan agreements.  Apply for subsidized loans and other need-based loans that will usually cover part or all of the interest payments while your child is in school.  Shop around for the lowest interest rates. Keep documents organized and be aware of your repayment schedule to avoid late fees.  Know the options to make repayment manageable to avoid fees and default.
  4. Negotiate tuition fees.  Schools have some fees that are negotiable.  Fees that are automatically put into your tuition bill, such as gym membership and athletic tickets, can sometimes be opted out of and removed from the bill.  Check with the financial aid office and discuss these options.
  5. Get a job.  If your child can handle working while in school (make sure they are able to maintain a high GPA to open up employment options upon graduation), then get a job…maybe two.  Colleges offer Resident Advisors (RA) and work study programs that are flexible with school hours and offer benefits – reduced housing expenses and free meals for RAs – or payment to pay for educational expenses.  If they get a job off of campus, they can also use the income to pay for educational expenses, decreasing the amount they may be inclined to borrow.
  6. PAY INTEREST!  This one is a biggie! Most student loans have compound interest, which means, if you don’t pay your interest, it adds on to the total amount owed and the next time you are charged interest, the payment is based on the new total.  This can quickly add up!  The original balance owed will be maintained and your child will pay less over the life of the loan if you or they make the interest payments during school.
  7. Teach them how to budget.  Keep track of spending for a month or a semester and create a budget.  Review the spending and determine what areas can be cut back.  Do they really need the $7 Starbucks coffee or the newest iPhone?  Can they buy used books or eBooks for lower prices?  Have they been flashing their student ID as much as possible to get all the discounts on food, entertainment, and transportation possible?  There are free apps available that can easily keep track of budgeting for you, making it readily accessible at each purchase and keeps you in check or there is always Excel Spreadsheet.

Now hop over to read my 10 $$$ ideas for POCS (Parents of College/college-bound Students)


Jenny L. Maxey is the author of Barrister on a Budget:  Investing in Law School…without Breaking the Bank.  Jenny earned a Master’s degree in Public Administration and a J.D., and is licensed to practice law in Ohio.  Although her book is geared toward pre-law and law students, most of the information can be easily applied to any level of higher education.  Barrister on a Budget is available on and Barnes & Noble Nook.  You can find more information and follow her blog on

Cooper Union says no more but others still offer free tuition

Fewer colleges offer free tuition

Few colleges offer free tuition.
Photo by kenteegardin,

Cooper Union announced it will end its tuition–free policy and start charging tuition to those who can afford it. This leaves a handful of tuition-free colleges including three in the New York area. Only one of these is a private institution and the two federal service academies come with strings attached.

Read on for the list:


7 cool ways Twitter helps parents of college-bound

twitter influence: Photo by mil8 Marc Levin

twitter influence: Photo by mil8 Marc Levin

Social media can help parents of the college-bound. Twitter, for instance, provides a wide selection of valuable resources. While students are often warned about how misuse of social media can harm their college and job prospects, savvy parents can explore and benefit from this new virtual frontier.

With short and snappy posts, Twitter users get their point across in 140 characters or less. It’s a great tool for uber-busy parents with little spare time. Tweets can be read on smart phones while standing in line at the market, in a waiting room or during T.V. commercials. Since Twitter is socially interactive, parents can follow a favorite Tweeter, comment and ask a question.

Here are 7 cool ways Twitter helps parents of the college-bound:

Read more

College Goal Sunday

Cliché: Help is on the way.    
POCS Reality: College Goal Sunday helps the college-bound file FAFSA for financial aid.    

Attention college-bound: If you need help to fill out your FAFSA for financial aid to help pay for college, College Goal Sunday is coming to your area. The national event is staffed with financial aid volunteers ready to answer your questions and help you complete and submit your 2012-13 Free Application for Federal Student Aid (FAFSA).

Under FAFSA, colleges award eligible students federal grants, student loans and a job through the Federal Work-Study program. States may require FAFSA before students can submit an application for their state financial aid program. Colleges can use other forms or just use FAFSA to determine awards from their own institutional funds. Check with your state and college for FAFSA filing deadlines.

College Goal Sunday is held in 40 states and the District of Columbia. It started in Indiana to help students and families complete financial aid forms, focusing on low-income, first-generation families.

Applicants will need to bring some important information to complete their FAFSA:

  • Social Security Number for yourself, and parents if providing parent info
  • Driver’s license, if any
  • Alien Registration Number if you are not a U.S. citizen
  • W-2 forms
  • 2011 federal tax returns for yourself (and spouse if married), and parents if providing parent info
  • Records of 2011 untaxed income including Social Security benefits, welfare benefits, Temporary Assistance to Needy Families (TANF), veteran benefits for yourself, and parents if providing parent info
  • Bank statements
  • Current business and investment mortgage info, business and farm records, stock and bond investment records, for yourself, and parents if providing parent info
  • FAFSA PIN to use as an electronic signature for yourself, and parents if providing parent info. Apply for one in advance at the U.S. Department of Education PIN Web site.

You can estimate how much financial aid you may receive and your expected family contribution (EFC) to college costs at FAFSA4caster.

To preview the types of questions you will be asked, go to the FAFSA on the WebWorksheet or look at the paper FAFSA

Gather your documents necessary to complete the FAFSA and mark your calendar to attend College Goal Sunday.

POCSmom’s College Prep DIY Insight: If you need money to pay for college, file your FAFSA yourself or with help.

FAFSA help on Twitter

Cliché: Inside information.
POCS Reality: FAFSA help was available on a Department of Education twitter chat.

Financial aid met social media yesterday as applicants entered their tweet questions in 140 characters or less using #AskFAFSA.

Martha Kanter, the Under Secretary of Education, hosted an hour-long twitter chat about the FAFSA (the Free Application for Federal Student Aid) and tweeted the answers.

Here are some of her tweet highlights:

  • There’s NO income cut-off for federal student aid. Everyone should fill out the FAFSA.
  • You can submit a FAFSA before you file your taxes. Select “will file” then use income estimates & correct your FAFSA later.
  • To access your SAR (Student Aid Report) after submitting your FAFSA, login, click View Processed Information & enter your PIN. More details.
  • For information about your state’s financial aid program, check your state’s website
  • In order to receive federal student aid you must be a US citizen or eligible noncitizen. But you should check with your school’s #financialaid office. They can help you explore your options. But you should check with your school’s #financialaid office. They can help you explore your options.
  • If the student answers no to all questions here she’s a dependent student & must provide parent info.
  • Students should file FAFSA every year they want aid because you never know how your circumstances might change or what new financial aid might become available.
  • Federal Pell Grant eligibility is based on many things: income, cost of attendance @ your school & more.
  • The FAFSA is available in Spanish.
  • Grandparents are not considered parents on the FAFSA unless they have legally adopted you.
  • The IRS data retrieval will be available Feb. 1. Change “will file” to “already completed” in your FAFSA.
  • Your answer to the marital status question should reflect your marital status at the time you sign the FAFSA.
  • Federal student aid can be used to cover summer tuition if you have remaining eligibility for the academic year.
  • If you have questions along the way, the FAFSA’s Help section has a lot of great info.

The twitter chat also gave Under Sec. of Ed. Kanter ideas for future consideration such as creating a FAFSA video tutorial in Spanish and adding a FAQ section for the IRS Data Retireval tool.

It also provided an opportunity to give info about the Public Service Loan Forgiveness Program.

Read more:

When should students file FAFSA? File FAFSA ASAP

Why students should file FAFSA? 15 FAFSA FACTS

POCSmom’s College Prep DIY Insight: Who said social media is impersonal? What a wonderful opportunity to get info directly from Under Sec. of Ed. Kanter. Too bad not all questions were answered but  lucky tweeps got their FAFSA help on Twitter.