FAP429: Budgeting and net worth, illegal immigrants and financial aid, 87 million dollars in Kentucky scholarships, Sarah Dashew

Student Financial Aid News
+ Financial aid awards for college and technical training expenses rose 7.7 percent, or $11.8 million, during fiscal year 2006, according to the Kentucky Higher Education Assistance Authority.
+ During the year, KHEAA disbursed more than $177 million, including $83.3 million in need-based grants and $86.5 million in merit-based Kentucky Educational Excellence Scholarships, which are funded by revenue from the Kentucky Lottery.
+ From the AP: High-performing students who grew up in Georgia but are undocumented immigrants soon won't qualify for discounted tuition at state colleges.
+ The change is necessary to comply with the state's new aggressive immigration laws that went into effect in July, said Burns Newsome, attorney for the Georgia Board of Regents. It means students who have high grades but are in the country illegally will have to pay the much higher out-of-state tuition rates rather than being allowed to pay in-state tuition.
+ Sen. Chip Rogers, R-Woodstock, architect of the tough immigration laws, said the state should not subsidize the education of student who won't be able to work legally after graduation.
+ It is unclear how many students will be affected because the Regents don't track the number of illegal immigrants at state colleges.
+ Across the nation, debt loads are rising for students, the highest being in New Hampshire, where the class of 2005 graduated with an average debt of $22,793, according to The Project on Student Debt.
+ Got that much debt? $262/month, after consolidating your student loans, $175/month. Student loan consolidation at StudentLoanConsolidator.com

Scholarship Update
+ Kentucky Educational Excellence Scholarships
+ The 1998 General Assembly provided Kentucky high school students a great opportunity to make their education pay with the Kentucky Educational Excellence Scholarship (KEES)! KEES, administered by the Kentucky Higher Education Assistance Authority (KHEAA), is funded by Kentucky Lottery proceeds.
+ Students who try to get the most from high school by studying hard and making good grades (2.5 GPA or higher) can earn scholarships for college or technical school.
+ The better students do in high school, the more they will earn toward college scholarships. And students who complete their college studies have a better opportunity to achieve their career goals and improve their standard of living.
+ You do not have to apply for a KEES award. It is sent automatically to the college youâre attending after the school lets KHEAA know that you are attending classes.
+ Details at our free scholarship search site
+ 338 links worth $4,067,322,173

Mail Bag
+ Johnny Hung writes in: Hello, I have several questions concerning financial needs. I am a immigrant and have question, but i am a legal permanent resident in the state of Texas and was wondering if their are any financial aids for me like state or federal. I don't know if i can apply for FASFA and if not can you provide me with several tips and other financial help where i can apply. I am currently a sophomore at my high school, and the reason i ask is because i want to know ahead of time since my sister is a junior and would like to know ahead so that there would not be any problems when she reached her senior year next year.
+ FASFA is frozen at sea fillet association
+ FAFSA is free application for federal student aid
+ Michael Trobisch writes in: hi chris. just wondered if you have any shows on budgeting. something i could dig out in the archives. btw is it possible to search your archives by key words? thanks for your help...
+ Episode 382
+ Assessing net worth
+ Check out the Google Spreadsheet and copy it liberally!

Podsafe Music
+ Sarah Dashew, Jealous Girl
+ Music via the Podsafe Music Network
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Reminders
+ Private student loans available at any time - visit AlternativeStudentLoan.com
+ Stafford federal student loans at StaffordLoan.com
+ Student loan consolidation at StudentLoanConsolidator.com
+ FAFSA form online filing at FAFSAonline.com
+ Financial Aid Podcast Show Notes at FinancialAidPodcast.com.
+ The Financial Aid Podcast is a publication of the Student Loan Network.

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