Argosy University Blog

  • Filter By:
  • Location
  • Area Of Study
  • responsible borrowing

Announcing the Perseverance Scholarship

New Argosy Scholarship

Argosy University, Online Programs, in conjunction with The Education Foundation, is proud to announce the Perseverance Scholarship.

Exclusively available to fully online undergraduate and graduate students, the Perseverance Scholarship will provide three scholarships in the amount of $1000, $750 and $500 to qualified recipients.

This scholarship was created to support active Argosy University students who have experienced a period in their lives where they had to live by their definition of perseverance. Whether their definition includes personal loss, financial hardship or overcoming other obstacles, Argosy University students will be asked to answer the question: “What is your definition of perseverance, and how has it affected you as a student here at Argosy University?”

Criteria

Recipients will be chosen by Argosy University’s Scholarship Committee with approval from The Education Foundation. Recipients will be chosen from complete applications submitted by eligible students based on the following criteria:

Status - Applicants must be currently enrolled at Argosy University in a fully online program and must be in an active status.

Academic performance/potential - Students must have a minimum of 12 credits successfully completed at Argosy University and 2.5 cumulative grade point average for undergraduate students or a 3.0 cumulative grade point average for graduate students

Personal Essay (minimum of 500 words) - “What is your definition of perseverance and how has it affected you as a student at Argosy University?”

How to Apply

To apply, download the application here and submit your completed applications via fax at 412-992-5928 or via email at auoscholars@argosy.edu. The application deadline is July 12, 2013.

Questions

Please feel free to contact the Argosy University Scholarship Committee with any questions you may have at AUOscholarshipcommittee@argosy.edu.

Note: This is a one time, non-renewable scholarship. The award is given in the form of a tuition credit and is not redeemable for cash stipends.

Read more...
  • TAGS:

How to Avoid Reaching Your Student Loan Limit

Did you know there is a limit on how much you can borrow in student loans? Unfortunately, many people don't know these loan limits exist until it's too late.

credit card limit

Before we talk about how to avoid reaching this limit, let's start with making sure you understand what loan limits are.

Most people are familiar with credit card limits. When you reach your credit card limit (often known as maxing out your card), you are required to pay down your principle before you can use the card again. It's similar with students loans; once you've borrowed a certain amount, you can't borrow more until you pay some back. If you're relying too heavily on federal loans, this could leave you unable to afford your education and stuck with unmanageable amounts of debt.

Now, let's discuss the details and how to avoid this situation by practicing responsible borrowing.

Annual and Total Loan Limits: How Do I Know What They Are?

The federal government limits the total amount of subsidized and unsubsidized loans a student can borrow at one time – this is known as a total or aggregate loan limit. If you previously attended college and took out federal loans that you have not yet repaid, those loans will count toward your total loan limit. To check your prior federal student aid history and previous loans, visit the National Student Loan Data System at www.nslds.ed.gov.

There is also an annual loan limit on the amount of loans you can borrow in one academic year. Total and annual loan limits depend on your year in school and whether you are dependent or independent student. You can see the annual and total loan limits that apply to you at http://studentaid.ed.gov/types/loans/subsidized-unsubsidized#how-much-can-i-borrow. If you're a current student, you can also contact your Student Finance Counselor to learn more.

How to Avoid Reaching These Limits

When you discuss your financial aid package with your Student Finance Counselor, make sure you understand your loan limits and try not to rely solely on federal loans.

Here are just a few tips that can help you avoid reaching these limits.

Find alternative ways to finance your education, such as scholarships and grants. There are many scholarships and grants out there, so don’t be afraid to apply. They can make a big difference in your financial plan!

Ask your employer if they are willing to help sponsor your education. This is usually only an option if your desired degree will allow you to gain skills relevant to your work.

Make regular cash payments. Even if these payments are as small as $20 per month, you can reduce the amount you need to borrow and the interest you’ll pay in the future.

• Only accept the aid that you truly need. You do not have to take the full amount of federal aid for which you are eligible, and you should not use these loans for expenses outside of your education.

Stay committed to completing your education in a timely manner. Having to re-take a class will end up costing you extra.

When you create a plan for paying for your degree, think about your long-term financial future. Remember, having to make large monthly payments on your student loan debt will limit what you can spend in the future on large purchases, such as your house or your car, and even daily expenses. Making the right choices today will help you tomorrow.

Related Post: How to Save Money and Finance Your Education Responsibly

Read more...
  • TAGS:

How to Save Money and Finance Your Education Responsibly

Upward Arrow

At Argosy University, Online Programs, our Student Finance Counselors talk a lot about financial planning and responsible borrowing. But, what do we mean by responsible?

Responsible borrowing entails detailed planning and analysis of your finances and your financing options to decide what is right for you. If you choose to take out loans, responsible borrowing means only doing so after looking at alternative options and only borrowing what is necessary. While students sometimes limit their search to federal sources, federal financial aid often means loans and doesn't necessarily cover all of your expenses.

Below are some of alternatives to federal aid that could help you reduce your tuition and student loans.

Cash Payments

Establishing a monthly tuition payment plan can greatly reduce the cost of your education. Your contribution doesn’t need to be large, but every bit you pay now is something you won’t have to pay later or pay interest on down the road.

Military Financial Aid

If you or a family member has served in the military, you may be eligible for military financial aid, including our school’s military scholarship. We also participate in the Post 9/11 GI Bill and the Yellow Ribbon program. Don’t miss out! Visit http://online.argosy.edu/military/military_aid.aspx, or call 1-877-800-8412 to speak with a Military Admissions Representative for more information on these programs.

Employer Partnerships

We partner with a number of companies to offer employees incentives for continuing their education—from corporate rates to the waiving of select fees. See our list of partners here. If your employer isn’t listed, you may still qualify for financial assistance through your company.

There are two common types of employer assistance programs. Employer reimbursement programs require you to pay tuition up front. You then provide documentation to your employer stating how much you paid and showing that your coursework is relevant to your career. Your employer pays you back for your tuition and expenses. Employer sponsorship programs, conversely, involve your employer paying the school directly for approved coursework. If you aren't sure what educational benefits your employer offers, ask your manager or your human resource representative.

Scholarships and Grants

Many organizations (including local, national, private and non-profit groups) offer scholarship opportunities or grants to students who meet specific criteria. Many people think scholarships are reserved only for students with superior grades or athletic ability. However, this is not necessarily the case. For example, many scholarships exist for students pursuing careers in specific industries. Plus scholarship criteria can sometimes be quite idiosyncratic. For example, scholarships exist for left-handed students or students whose last names start with Z! So make a list of everything unique about you and start searching.

Learn More About Financial Planning

If you want to go to school (or you’re already here), don't limit yourself to relying only on federal loans when there are other ways to make school affordable and reduce your future debt.

Request more information today, or talk with your Student Finance Counselor to discuss your financial plan.

 

Read more...
  • TAGS:
  • ARCHIVE
  • Date

RECENT

  • 2017

Drop Us A Line!

Are you an expert on something that would be great for our blog?

Submit a post, and let us know what you have to say. Who knows, maybe we will share it with the world!

Submit a Post