Posted On: 2005-09-19
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Good morning it is Monday, September 19, 2005. This is The Financial Aid Podcast. I'm your host, Chris Penn. A welcome to everyone from My Space who are tuning into this for the first time. I got a great show today. I got a lot to cover and a lot of things to talk about. Before we begin I want to talk a little bit about the Samson C01U microphone. I talked about it a little on Friday, that I'd be getting a new microphone. I'm doing the podcast with it. Hopefully it would have an improvement in sound quality. Well I got the microphone on Friday and tested it out over the weekend and I played around with it a little bit and stuff like that. I can't say enough about this microphone. Unfortunately it's all bad. I got it. I tested it. It stopped working. And then there were issues about whether it even stayed powered on or not. I switched it between computers, back and forth, it was, it was just messy. So, the short version is that I'm putting it back in the box and it's going back to the manufacturer today. Hopefully it will find a home with someone that can use it correctly. I'm pretty sure the manual says plug it in and it works and you plug it in and it doesn't work. I can't imagine there's that much difference between styles of usage. But, whatever. Alright, let's get to the news.
More hurricane news. The Department of Education has issued an update advisory to financial aid offices and financial aid professionals who are working with schools or students in the effected areas. If a student has not filed their FAFSA and they need to and they don't have their parents' information, they don't have their parents' signature handy to endorse the FAFSA for their family information. The Department of Education has said that the financial aid officer can sign off as the preparer and waive the parental signature for students to qualify for aid if the student is from a hurricane affected school if they are one of the displaced students from the hurricane evacuation. That's very, very good news if you are a student from those areas. In fact I had a request also from one person who received our emails about people who have donated receiving copies of the scholarship guide wondering if there are any resources for students who have been affected by the hurricane as well. The best things, obviously, you can certainly email me about it, firstname.lastname@example.org and I can certainly send you one. Also, just tune into the podcast. There's a ton of scholarships we've been going over each week. There's a ton of scholarships in the scholarship searching secrets guide, the audio tour version that we did a little while ago. We have one correction as well. Chris from the amateur traveler podcast made mention that the President would use the line-item veto and he points out that Congress did pass a bill enabling President Clinton to have a line item veto but the Supreme Court did rule this procedure unconstitutional in Clinton vs. the City of New York. It turns out that the line item veto crossed the line from Executive into Legislative that allows the President to have limited Legislative authority which is not permitted under the Constitution so there is no line item veto. So thank you to Chris from the Amateur Traveler podcast for pointing that out.
In more government and constitutional related news, Congress ordered colleges to plan activities this year to observe Constitution Day which was this past Saturday, according to the Inside Higher Ed website. Several colleges have offered their own lessons about freedom of expression in the last week. The chancellor at the University of Wisconsin at Greenbay ordered a controversial peace of art be removed from an exhibit and Baylor University barred the campus Starbucks from using coffee cups with a quote that the university was pro gay. I'm sorry, if you have to be resorting to censoring coffee cups from Starbucks, I think you've got too much free time on your hands. So you probably should be focusing more time on education. Coffee cups with a pro gay message, wow, I mean, what could it have possibly said? This is Starbucks. Starbucks isn't going put something out there that's going to be so blatantly one way or the other that it would risk the company being sued. So I think that Baylor University had a little bit too much of the overreaction drug that morning when its administrators woke up. So, nice job guys, supporting the First Amendment and free speech there. Finally, tying up the hurricane issues. The federal government apparently has decided to completely give higher education the shaft by providing little or no funding for college officials and hurricane affected areas, taking the proceeds from various fund raising drives and pointing them to other needs and stuff like that, including some things that are somewhat frivolous. The education package, however, was $227 million. About $100 million in federal financial aid already distributed to close colleges is being reallocated. It's not providing a whole heck of a lot of additional aid to those schools in order to help them rebuild and to help the students as well. So it looks like higher education, pretty clearly the last on the priority list for the administration which is unfortunate because as I've said many, many times, higher education kind of forms the basis for the future of the country and giving it the shaft not such a good thing.
Alright, let's get to some podsafe music. We're going to do the radical change in terms of the type of music we play. At least for this first song because it's a lead, or referral from My Space where I spent a disorientate amount of time this weekend setting up an account there. It's a group called the Raygun Girls, Accelerate. It's kind of heavy and industrial so if you want to fast forward this would be the time to do it if you don't like this type of music.
New podsafe music from the Raygun Girls by the Podsafe Music Network at podsafemusicnetwork.com. I just found that quote, actually, from the coffee cups at Baylor University, it's in the Higher Ed article that I want to add to the show notes at financialaidnews.com/blog. The quote is, "My only regret about being gay is that I repressed it for so long. I surrendered my youth to people I feared when I could have been out there loving someone. Don't make that mistake yourself. Life's too damn short". This is a quote from Maupin, an author best known for his Tales of the City series about life in San Francisco. Apparently Baylor University- not so much with the free speech. So, if you are interested in studying thing like constitutional law and free speech, Baylor University is probably not the place to study. Just keep that in mind.
Alright, let's move onto a scholarship update. This one comes from Target, the department store. Each year the Target Corporation awards more than 600 $1000 all around scholarships each year including one $25,000 scholarship to a high school senior and college student age 24 or younger. The scholarships recognize volunteer work as well as academic achievement. Deadline is November 1st of each year. High school seniors, graduates, and current undergraduate students who are legal residents of the United States are eligible to apply. Applicant must enroll in a full time undergraduate course of study at an accredited two or four year college, university, or vocational technical school in the United States no later than the fall term. The program is not offered in Alaska, Hawaii, or Puerto Rico or outside the U.S. So I guess when they said eligible to U.S. residents they mean U.S. residents in the continental United States only; disregarding those two states and that territory. I would guess the Federated States of Micronesia and Guam are also out of the question. The Citizen Scholarship Foundation of America will select recipients based on community volunteer service hours. Volunteer Leadership Awards honors appraisal forms completed by the volunteer supervisor or leader essay on volunteer service and a grade point average of 2.0 or higher. For eligibility information and an application to apply you can go to the stores website at target.com for an application. That's our scholarship update for today, the Target Scholarship.
Alright, time for some additional podsafe music. Today we're going to do, let's do Spitting at Clouds from Noblesse.
New podsafe music from The Podsafe Music Network. That was Noblesse, Spitting at Clouds.
Let's do some Mail Call. It is Monday so clearly there's going to be a lot of spam from the weekend.
John Moberry writes to us today saying, "I'm currently a student in the U.S. My father has a Parent Plus loan taken out for me. If I were to transfer to a university out of the country but maintained my U.S. citizenship would I still be eligible to receive the loan?" The short answer is, no. The reason why is that not only do you need to be a U.S. citizen but you also need to be enrolled at an accredited Title 4 or higher education institution and those are generally speaking United States colleges. There are a very, very, very small number of select schools over seas that are also Title 4 credited and they usually have a very strong relationship with at U.S. school. So what you would need to do if you wanted to get federal student aid for studying over seas you need to find out from the college that you are attending in the United States whether they have a program where you can transfer your federal financial aid to a sister school over seas. But you can't just go over seas and take your financial aid with you especially to a non accredited school. So the short answer, no. The long answer, no.
Tanika Hawk writes, "My family applied for a Parent Plus loan and were accepted. I can not fill out my MPN because of some COD award record error. Please tell me what to do so that I can get this taken care of". Simple enough, if you received the Parent Plus loan from our website, parentplusloan.com, all you need to do is give us a call 877-328-1565 and we can figure out what's going on with that application. If you didn't apply through us, then you need to check with your school and your school's financial aid office should be able to assist you with your application. So, if you did give us a call, if you did not apply through us check with your school.
And finally Herman Johnson writes, "Would a citizen of Canada who is a current working resident within the U.S. qualify for a student loan?" It depends. It depends on whether you're talking about a federal or private student loan. Federal student loans generally speaking, U.S. citizen or permanent citizen only. The reason for that obviously it's paid for by the U.S. government which is paid for by other U.S. citizens via taxes. So the program is restricted in general to that. If it's a private student loan, that's a different matter. If you are a citizen of Canada there are a number of student loans out there that Canadian citizens can apply for. It would simply depend on your eligibility or credit rating or things like that. The best way to figure that one out for the private student loan is to apply with alternativestudenloan.com which is a student loan network site. You can apply at alternativestudentloan.com or call 866-229-8900. That is the toll free number of our private student loan desk and you can check with them to see what your eligibility would look like. Alright let's finish off with one more piece of podsafe music.
In The Mirror by Ginnicide, by the podsafe music network.
Alright folks, that is going to do it for today's show. Actually, you know one more thing. I was just reading in Money magazine which is something we occasionally get here at the office. There is an interesting article about teaching your kids about money. But one thing they pointed out, that I thought was very, very relevant to everyone is that the top rated public colleges and universities in the United States, in terms of earning power, in terms of financial success after college, top rated public schools rank as well or better than the comparable private institutions. So if you go to a top rated public school/four year college in the United States, your earning power, your success, statically is no different than that of a private institution that is usually anywhere from 4 to 10 times more expensive. So, if you were looking around for colleges, and I think this is an important thing to think about, if you are looking around for colleges and you have your future success on your mind definitely don't give short shrift to the public universities. Check out their ratings as well and if they have a program that is comparable to the private label institution that you want to go to, give them a shot. Hey you know it apparently does not diminish your earnings potential in any way.
Alright that's going to do it for today's show. Tomorrow we're going to do some more podsafe music, some news and of course whatever other tidbits of this fall this way. As a reminder this Friday and the following Monday we will be doing two all music shows. I will be out of the office at a conference so that is what we are going to be doing. I'm going to package up this Samson Mic and get it out the door today because it just stinks. That's that. Stay tuned. Stay subscribed. If you're not subscribed, get subscribed. It's really easy. It's free. It's simple. Just go to our website at financialaidpodcast.com there are directions there for how to subscribe using iTunes. You can also use any other pod cache that you might have like iPodder or stuff like that. It's very, very easy and I strongly encourage you to do so because there's lots of cool stuff like The Scholarship Guide that you won't get any other way. So we'll see you tomorrow. Take care.