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College Watch

College Finance and Topics in the News

Check Out Amazon Student

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Amazon.com has launched a new service specifically for college students.  It's called Amazon Student, and highly suggest you check it out.



Amazon Student has many discounts on college textbooks, electronic textbooks, and all kinds of supplies that students should find very helpful to the pocketbook.  Electronics, small appliances, bedding, book-bags... it's all there.


There is another big benefit to Amazon Student that if you haven't experienced it yet, makes Amazon Student worth it on this one benefit alone.  Amazon Prime shipping is included in Amazon Student.  Amazon Prime is free 2nd day shipping on tens of thousands items and overnight shipping for only $3.99. 


I have been an Amazon Prime user for several years and can testify that it makes Amazon more convenient that any other internet shopping site, and often far more convenient than hunting down any product in a Wal-Mart.


Check out Amazon Student.  You'll be glad you did.

You Want How Much for Those Textbooks!

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For years and years and years, there has been one undeniable fact of college.  Textbooks are heavy and more expensive than the homecoming king's coveted Camaro.  But times may be a'changing.

 

There are more textbooks options available today than ever before.  Students can go the traditional route and still buy the 15 pound tome on post-Victorian Europe, or they can consider the following:

 

Rent your textbooks.  Many college bookstores now let students rent their textbooks for the semester.  At this point in time, it's unclear whether or not you will come out ahead if you buy and sell back the books later or rent them.  But you might be able to by-pass the annoying issue of trying to sell back your textbooks and find out they will not be used next semester so there is no market for them.

 

There are several sources available to students for renting books other than the campus bookstore.  Online book renters include:

 

 

 

Go Digital.  The eTextbook may be the biggest change students can take advantage of compared to when I went to college.  The idea of being able to carry in your book-bag every book you need for the semester was impossible just 10 years ago.  I remember one 4 volume reference work I purchased in grad school.  All together, it weighed close to 50 pounds.  Today, it is still the standard reference work for its field; but it now costs only 5% of the money I paid for it and weighs literally nothing.  To check if the books you need are available electronically, check out the following sites:

 

 

 

But there is the one hidden benefit of buying the old used books that just isn't available from some of the newer solutions.  Every college student quickly learns that used books can be work much more than new books simply due to the notes that another student has written in the margins.  Think of it as user generated content for textbooks.

The Top 10 Worst Paying Degrees

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Last week, I talked about the highest paying degrees according to PayScale.com.  They were all very math intensive, but they paid very well for students who could plow through the rigors of those degree programs.

 

But what is at the bottom of PayScale's list?  What are the worst paying degrees that students typically graduate with?  Take a look at the rogue's gallery of college degrees as we count down to the worst paying college degree of all.

 

 

Degree Starting Median Salary Mid-Career Median Salary
10.  Theology $35,600 $52,000
9.  Public Health $35,500 $51,700
8.  Athletic Training $34,600 $50,200
7.  Religious Studies $32,900 $49,700
6.  Recreation & Leisure Studies $34,500 $49,100
5.  Special Education $34,300 $47,800
4.  Culinary Arts $29,900 $46,800
3.  Social Work $32,200 $44,300
2.  Elementary Education $32,400 $44,000
1.  Child & Family Studies $29,600 $40,500


Obviously, this does not mean that students should not consider these degrees in college.  What it does mean is they have to consider what financial obligations they may undertake to get these degrees.  If you can anticipate only $32,000 per year upon graduating with your elementary education degree, then don't go deeply into debt to get that degree.  Odds are you will not be albe to support the loan repayment if you do, and that will be financial disaster.


For more information, goto www.PayScale.com

Get your college packing list ready!

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The big day is just around the corner.  Are you prepared?  Let this site help.  CollegePackingList.com is an ingenious little website which can help you get all those little things in order and ready to go for college.

 

Make sure you remembered everything!  Visit CollegePackingList.com.

 

www.collegepackinglist.com

Where's The Cuts?

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There is a lot of chatter on the internet and the airwaves about the draconian cuts in student financial aid.  Rest assured, there are no draconian cuts.


These rumors have come about because the latest budget legislation passed by Congress and signed by the President calls for 4.6 billion dollars of cuts in student aid over the next 10 years.  However, the measure increases those same funds by 7.4 billion dollars over the next four years.  Did you catch that?  Financial aid is being increased now by 7.4 billion with a “plan” to decrease it by 4.6 billion sometime down the road.  Now I’m a bit of a political animal, and I can assure you I have never seen Washington stick to any plan for more than a year.

 

The bottom line is, the cuts you have heard about in the financial aid system are smoke and mirrors.  It’s all about Washington trying to appear like they are doing something to control costs while kicking the can down the road for someone else to worry about.  It’s the same old thing we have come to expect from politicians.

 

There is, however, one substantive change in the financial aid system coming in this new legislation.  Starting in 2011, all graduate and professional level Stafford loans will be unsubsidized.  The same amount of money can be borrowed in the Stafford program, but the interest rate provision will not be as attractive as before.  This has no impact on undergraduate financial aid.

 

So breathe easy, there are no big cuts in student financial aid.

The Top 20 Highest Paying Degrees for 2011

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Math is king in the realm of the best paying college degrees this year... again.  PayScale.com released its 2011 study of the highest paying degrees.  Here are the top twenty best paying degrees by mid-career, median incomes.

Petroleum Engineering $155,000
Chemical Engineering $109,000
Electrical Engineering $103,000
Material Science & Engineering $103,000
Aerospace Engineering $102,000
Physics $101,000
Computer Engineering $101,000
Applied Mathematics $98,600
Nuclear Engineering $97,800
Biomedical Engineering $97,800
Economics $94,700
Mechanical Engineering $94,500
Statistics $93,800
Industrial Engineering $93,100
Civil Engineering $90,200
Mathematics $89,900
Environmental Engineering $88,600
Management Information Systems $88,200
Software Engineering $87,800
Finance $87,300

All of the top 20 highest paying degrees are math intensive.  So the next time a student complains why they have to study math, keep this list handy.  It will explain it very quickly.