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Archive for the ‘student loans’ Category

Is Graduating in 4 Years a Fantasy?

Is a 4-Year Degree Impossible?

Numbers show on-time graduation is a pipe dream for most college students

They’re called “4-year universities” for a reason, right? Then why are more and more students finding it takes them five, six, sometimes seven years to earn their bachelor’s degree? Worse, many students aren’t even making it to graduation day.

From the start, students are set on a path to earn their degree in at least five years from the advice of their counselors. Since many financial aid and grant programs only cover the cost of 12 credit hours per semester, it seems like good advice – until you realize students need to be taking a minimum of 15 credits per semester in order to graduate inside of four years. Add in a change of major, a loss of credits from a community college transfer, a scarcity of available classes, a choice to gain a minor or double major, and a graduation date in less than six years becomes a pipe dream.

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Education Dept Calls Financial Aid Applicants ‘Poor’

Yesterday, the US Education Department’s Twitter account for financial aid sent out a tweet saying “If this is you, you better fill out your FAFSA” followed by a link to their site and a screenshot from this scene from the movie Bridesmaids, complete with the caption “Help me, I’m poor.”

o-FAFSA-TWEET-570

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