3/27: Federal funds rate, prime rate, HEA reauthorization, taekwondo scholarship, jobcast, Greta Gaines, #214
Student Financial Aid News
+ What's that sound? Why, it's the FOMC raising rates again
+ Reminder - anything tied to Federal funds rate is going up to 4.75%
+ Prime rate
+ 91 day T-bill
+ Anything tied to these rates also going up
+ Credit cards
+ Mortgages
+ Home equity loans
+ Student loans
+ Anything variable rate is currently your enemy
+ HEA 2.0 hits the House floor this week
+ Many lobbying groups are not sure what to protest, since no one has actually seen the legislation yet, and won't until about 24 hours before the vote
+ Mistakes in SAT scores could cost scholarships
+ Don't try to bluff on aid offers - colleges will ask to see proof of other offers
+ On a lighter note: who will be the first politician in the 2006 cycle with a MySpace profile? Talk about politics 2.0!
+ Also a lighter note: bang goes my bracket, and bravo for the team being named The Patriots
Scholarship Update
+ American Taekwondo Association Eternal Grandmaster H. U. Lee Scholarship
+ 3.0 GPA
+ Usual paperwork
+ $3,000 scholarship
+ Detailed page at "I have no experience"
+ There's only one way to get experience - go out and do it
+ Public service
+ Non-profits
+ Short term gigs and contract work
+ While in school is a great time to build experience
+ Internships
+ Yes, there's even such a thing in the porn industry, just go check Craigslist
Podsafe Music
+ Greta Gaines, Honeycomb
+ Via the Podsafe Music Network
+ Stop by our MySpace page!
Reminders
+ Financial Aid Podcast Show Notes at FinancialAidPodcast.com.
+ The Financial Aid Podcast is a publication of the Student Loan Network.
Questions? Comments? Suggestions? Email me at financialaidpodcast {at} gmail {dot} com or visit now with Pupu Player!
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