Page 14 - Education Guide

More students are going to grad school

How are they paying for it?
GUIDE C days, and nearly two savings, paid for 24 percent.
areer aspirations are
Grants, fellowships, schol-
driving more students to
arships, and tuition waivers
graduate school these
accounted for 15 percent, while
EDUCATION thirds believe an advanced de- eight percent of grad school
costs came from funds borrow-
gree is the new minimum stand-
ed or contributed by parents or
ard level of education for any
professional occupation.
others.
The study also reveals that
According to “How America
Pays for Graduate School,” the
available for grad students than
new national study from Sallie
for undergrads, accounting for
Mae and Ipsos, an independent scholarships and grants are less
global market research com- just 15 percent of grad school
pany, nearly all grad students costs. In response, Sallie Mae
(95 percent) said an advanced StatePoint announced a new Bridging the
degree is necessary to enter, It is human nature to plan for what you value, and that includes graduate school. Dream Scholarship for Graduate
advance, accelerate or remain Students that will award four
competitive in their chosen for their undergraduate studies. decisions they’ve made about $20,000 scholarships in 2018.
career. “It is human nature to plan how to pay for their graduate Students may apply by Feb. 14
Cost is less of a factor in the for what you value, and that education.” by visiting SallieMae.com/
enrollment decision than it is at includes graduate school. To- How much did they pay? BridgingtheDreamGrad.
the undergraduate level, as more day’s students see graduate Students spent an average of To view the complete report,
than eight in 10 surveyed based school as their ticket to a suc- $24,812 on grad school in aca- visit SallieMae.com/HowAmeri-
2018 their enrollment decision on a cessful and prosperous career, demic year 2016-17, and more caPaysGrad and join the conver-
sation using #HowGradsPay.
and most have a plan to pay for
than three-fourths of them (77
school’s academic offerings,
FEBRUARY 18, ture, or other personal consider- they enroll,” says Raymond J. part, by borrowing. Funds bor- ues to become the educational
their advanced degree before
prestige, location, campus cul-
percent) paid for it, at least in
As a graduate degree contin-
ation. However, eight in 10 grad
norm, students will continue to
Quinlan, chairman and CEO,
rowed by students covered more
Sallie Mae. “That planning pays
students said they took more
plan and find creative ways to
than half of the cost (53 per-
responsibility for paying-for-
meet the cost.
off: the overwhelming majority
cent), while money students
SUNDAY, THEMORNINGCALL.COM/SPECIALSECTIONS school decisions than they had are confident in the financial earned, including income and StatePoint
How to get an A+ in student identity
CALL theft prevention
MORNING here are many things of the ways students can leave ices company dedicated to college without graduating
THE AT parents teach their kids themselves dangerously open helping students reach their said they did so because of the
to thieves,” she says.
goals, offers low-cost and
stress of having to work and
before sending them off
OF ONLINE T to college. Protecting that colleges and parents can affordable banking services go to school at the same time,
There are ways, however,
their personal information and
that can help monitor your
while 31 percent cited the cost
SECTION GUIDE being aware of identity theft help protect students and min- accounts. of tuition and fees as the main
■ Learn more. The most
reason for dropping out.
imize the risk of compromis-
can go overlooked.
■ Check your credit report
important thing about protect-
ing their information. The
According to the Bureau of
ADVERTISING EDUCATION Justice Statistics, more than 16 following tips can help: ing your information is to be yearly. Credit reports are not
■ Avoid carrying personal
proactive about keeping it
just for working adults. Col-
million people were victims of
identity theft in 2012, which
lege students can receive these
IDs together. Experts caution
safe. To this end, organizations
resulted in more than $24
to never carry your Social
like Higher One can help stu-
reports from the three major
billion in lost money. Mary
Security information and driv-
credit-reporting agencies by
dents by educating them on
SPECIAL THIS Johnson, vice president of er’s license in the same purse finances, budgeting and money visiting annualcreditreport-
.com.
or wallet.
financial literacy and student
management through its finan-
■ Check online banking
Finally, as you continue to
cial literacy program, Start
aid policy for Higher One,
VIEW cautions that certain behaviors transactions often. Reconcile with Change. Consider this: build your protection, look for
lead to students becoming
According to “With Their
a college or university that
your accounts, credit card
offers robust money-manage-
Whole Lives Ahead of Them,”
victims of identity theft.
statements and transactions
“Living with roommates, with your own records — but a 2009 study commissioned by ment tools and advice to help
making online purchases and never on a public Wi-Fi or the Bill & Melinda Gates you build a solid financial
communicating through social cyber-cafe. Institutions like Foundation, 54 percent of foundation.
14 media channels are just a few Higher One, a financial serv- students surveyed who left NewsUSA