Three basic ingredients determine   how   much   need- based aid your child is eligible for.

The  cost  of  the  school  your child  is  considering  or  already attending.  Every     school calculates     its     “cost     of attendance”   or   “COA”   based on  federal  guidelines.  As  you might   expect,   many   private colleges   have   a   high   COA while   public   universities   and colleges  have  a  relatively  low COA for state residents.

The dollar amount of “resources” provided to the student from outside sources. Scholarships, for example, are considered a resource. So are payments of tuition directly to the college by a grandparent or employer. A resource will reduce the COA and therefore the need based aid award, on a dollar-for-dollar basis.

The “expected family contribution” or “EFC.” This is the amount your family will be expected to pay for college based on your particular financial circumstances. This figure is determined each school year by the federal government with data you provide on the Free Application for Federal Student Aid (FAFSA). The calculation considers the student’s income and assets and the parent’s income and assets. (For independent students, parental income and assets are excluded.) The parents’ contribution is divided by the number of family members attending college at least half-time.

Assume, for example, that your child is planning to attend a private college costing $25,000 a year. Your expected family contribution is $15,000, consisting of the student’s     contribution  of $2,000  and  your  contribution of    $13,000.  A local civic organization has awarded your child a $1,000   scholarship. Your  child’s  financial  need  is determined    to    be  $9,000 computed as follows:

COA:        $25,000

EFC:       -$15,000

RESOURCES:   $  1,000



The school will attempt to put together  an  aid  package  that covers   the   $9,000   in   need. This     package     can     be     a combination  of  grants,  loans, and  work-study  from  federal, state and college sources.

Message From The Dean – Bob Fulcomer

As  the  school  year  ends  and students  prepare  for  the  next year  it  is  a  critical  time  for those   that   will   be   seniors. Beginning  now  the  upcoming seniors   need   to   be   getting ready  for  college  applications and scholarship applications.

It is also a critical time for the parents    to    make    any    last minute   adjustments   to   their assets  before  completing  the FAFSA in January of 2014.

I  want  to  remind  everyone  of some of the recent changes in our    HIFE    College    Planning Program:

We have implemented 3 payment options for the HIFE College Planning Program. A. $1,795 or B. $799 Down + $199/month for 6 consecutive months or C. $299 Down + $299/month for 6 consecutive months.

  • There   is   now   a   minimum production   requirement   to continue as a CPP consultant. A CPP College Consultant must enroll at least 2 families per year to be eligible to remain in the program.

10 Worst Paying College Majors – The Street AOL Jobs By Dan Fastenberg

You  probably  already  know  college  grads  have  an  easier time  finding  jobs,  and  earn  more  those  who  only  have  a high school diploma. But that’s not the whole story. Some college  majors  offer  a  much  worse  return  on  investment, with  starting  salaries  that  are  no  better  than  high  school grads’ pay, according to a new study released Wednesday. The study, conducted by the Georgetown University Center on  Education  and  The  Workforce,  looked  at  2010  and 2011   salaries  and   unemployment  rates  among  college grads   between   the   ages   of   22   and   26.   The   startling conclusion:  Some  majors  have  starting  salaries  no  better than  the  average  salary  of  a  high  school  grad,  which  is about $29,900 a year, according to the U.S. Department of Education.

Low Pay And High Unemployment: The worst paying majors tended  to  be  in  the  arts,  where  the  low  pay  in  creative work  is  matched  by  high  unemployment  rates,  with  an overall  average  of  9%  unemployment  for  arts  majors.  The overall unemployment for all recent grads is 7.9%. Several arts      disciplines,      however,      lead      to      double      digit unemployment, according to the study. That doesn’t mean those who major in those fields are worse off in every way. In    fact,   as   Forbes   has   reported,   studies   of   college graduates   show   that   liberal   arts   majors   are   “are   as satisfied    or    more    satisfied    with    their    lives    as    their classmates in other disciplines.”


  1. Drama / Theater Starting Salary: $25,000. Unemployment Rate: 6.4%.
  2. Anthropology / Archaeology Starting Salary: $27,000. Unemployment Rate: 12.6%.
  3. Physical Fitness / Parks Recreation Starting Salary: $29,000. Unemployment Rate: 5.2%.
  4. Fine Arts Starting Salary: $29,000. Unemployment Rate: 10.1%
  5. Social Work Starting Salary: $29,000. Unemployment Rate: 8.2%
  6. Philosophy/Religious Studies Starting Salary: $29,000. Unemployment Rate: 9.5%.
  7. Psychology Starting Salary: $30,000. Unemployment Rate: 9.2%.
  8. Criminal Justice / Fire Protection Starting Salary: $30,000. Unemployment Rate: 8.9%.
  9. Hospitality Starting Salary: $30,000. Unemployment Rate: 6.0%.
  10. Film, Video and Photographic Arts Starting Salary: $30,000. Unemployment Rate: 6.5%.


Featured University University Of NebraskaLincoln

A Leader In Higher EducationPicture114

The  University  of  Nebraska– Lincoln, chartered in 1869, is an  educational  institution  of international  stature.  UNL is listed by the Carnegie Foundation within the  “Research   Universities   (very high     research     activity)” category.  UNL  is  a  land-grant university  and  a  member  of the Association  of  Public and Land-grant Universities (APLU).     The     university     is accredited    by    the    Higher Learning  Commission  of  the North  Central  Association  of Colleges and Schools.

A Strong Foundation

Always    a    place    of    high ambition, this was one of the first  institutions  west  of  the Mississippi   River   to   award doctoral  degrees  —  the  first was   granted,   in   physics,   in 1896.     The     University     of Nebraska     established     the world’s    first    undergraduate psychology    laboratory.    The discipline of ecology was born here,    aPicture113nd    the    campuses reflect   that   tradition,   being recognized     as     botanical gardens and arboreta.

Today,  the     University     of Nebraska–Lincoln   is   one   of the  nation’s  leading  teaching institutions,   and   a   research leader   with   a   wide   array   of grant-funded projects aimed at broadening  knowledge  in  the sciences and humanities.

In   Fall   2012,   for   the   ninth- straight  year,  the  University  of Nebraska-Lincoln   was  among the  top  50  public  universities listed  in  U.S.  News  and  World

Report’s  annual  evaluation  of America’s Best Colleges

Financial Trends in Higher Education For 2013



Many families are experiencing    a    diminished ability   to   pay   for   a   college education.  Compared  to  pre- recession     levels,     median household     income,     home equity,  and  net  worth  are  all down.     Meanwhile,     college tuition  costs  have  continued to  climb  steadily,  even  after financial   aid   is   factored   in. The    annual    net    price    of tuition, fees, room, and board at     a     private     nonprofit institution     ($23,840)     now averages almost half  of  what the  median  household  earns in a year.



Even more families are reevaluating   the   price   they are willing to pay for a college education.    The    cost    of    a college  education  is  bumping up against the ceiling of what families  will  consider  paying. Even   students   from   upper- middle-income   families   are experiencing  higher  levels  of student  debt  and  factoring  in the    cost    of    post-graduate study and the ROI of majoring in certain fields.



Media coverage and legislative attention are shaping  public  opinion  about the value of a college degree. While     an     overwhelming majority of the public believes a     college     education     is necessary   to   get   ahead,   a “value gap” has opened up in the polling because far fewer people     believe     going     to college  at  any  price  will  be worth the financial investment.     Government funders,  as  well,  are  looking to  make  their  appropriations contingent  upon  institutional performance measures.



Families are seeking  evidence of successful results to     justify     their     college investment.  Higher  education has  become  less  an  end  in itself     and     increasingly     a means   to   an   end—primarily an economically viable career path.     In     calculating     a college’s    value    proposition, families   factor   in   outcomes as  well  as  cost  and  prestige. They   expect   proof   of   high graduation rates and  graduate  employment  at acceptable salary levels.



The   number   of   high   school graduates   is   shrinking,   but the     proportion     who     are ethnically diverse is growing. The country’s changing demographics, combined with a widening gap between the nation’s rich and  poor,  is  producing  more first-generation  students  and students  from  socioeconomic backgrounds   that   not   only make   paying   for   college   a challenge,    but    also    leave them     underprepared     for college-level study.

Financial Quick Stats

Real median household income for 2011 fell 1.5% to $50,054, which was 8.1% lower than in 2007. (U.S. Census

The median net worth of middle-income families fell 28% from 2001 to 2010, to $93,150, erasing two decades of gains. (Pew Research


Ways To Pay For College

– Dave Bromeier, CFEd®, ChFC®, Investment Advisor

An   average   college   student will  have  a  debt  of  $22,250 by the time he/she graduates from  college.   You  must  first look  into  available  options  to save  for  college  before  you consider borrowing money.

Here are some strategies you may     consider     that     may provide some tax benefits:

A.529 Savings Plan

B.Pre-paid Tuition Plan

C.Coverdell – ESA

D.Roth IRA

E.Custodial Accounts

F.Private Scholarships

G. Cash Value Life Insurance

Saving  for  college  ahead  of time   is   an   ideal   approach. However,   not   everyone   can afford   to   do   so   with   their current financial condition.

But   if   you   have   no   other option but to borrow money, it is important that you consider borrowing   the   “smart   way”.

You    should    first    consider government  sponsored  loans such  as  Stafford  loans  which provides a flexible repayment plan with a fixed interest rate. It   also   allows   you   to   defer your  payment  until  6  months after  you  graduate  provided you   maintain   your   eligibility requirements.

We  will  discuss  the  pros  and cons  in  each  program  in  the u p c o m i n g       S c h o l a r s Newsletter.

Message From HIFE CPP Enrolled Student

Just a few weeks after signing up with Heartland, I found out that  I  received  a  scholarship of  $2500.  It  could  not  have been  a  better  timing.

All  of  the money went towards  my  tuition  but  that just  meant  I  didn’t  have  to borrow  that  much  in  private loans.

I  want  to  say  thank  you  to Heartland,  my  College Planning  Coach Paul for guiding me and also my consultant Victoria for introducing me to this program.

Tham N.

HIFE CPP Coaches Bio

COACH A:  I have taught for over twenty-two years at colleges and universities as a professor and worked  with  many,  many  students.   During  that  time,  I  worked  with  a  variety  of  students  and helped  them  decide  their  majors,  the  best  school  for  them,  and  ways  to  get  scholarships  and grants.  I spent a significant amount of time working in financial aid and advising to better serve students.  These skills are all utilized in the position as coach.

COACH  B:    I  have  25  years  experience  in  education.  I  worked  with  students  through  the  full process:     recruiting,  application,  assessment,  registration,  financial  aid,     tutoring,  appeals, graduation, etc.  I have my AAS in the Interpreter Training Program, BA in Psychology and second one  in  Interpreting  for  the   Deaf,  and  an  MA  in  Agency  Counseling.   I  have  two  sign  language certifications:  Certificate of Interpretation (CI) and Certificate of  Transliteration (CT).

COACH C:  I work directly with students, as an academic advisor, to develop plans for college courses and careers. I provide students with information on degrees, certificates and courses and provide information on transfer program requirements, and vocational programs.  I assist students in scheduling classes, work with different students to develop an action plan for their education goals and use different communication styles to assist a diverse student population on various educational needs.  I have been in education for twenty years.

Coachs Corner

Hello everyone!

We are in a period of  transition.  The students are all   progressing   to   a   new year  and  we  will  be transitioning  with  them. It is exciting.

This is an important time for the students who  were juniors  this  past  year. We will be working with them for colleges, majors, and scholarships.  So   much   of this  must  be  done  in  early fall.    Please  encourage  the students,   and   parents,   to work with us on these goals.

As always,  we appreciate your support as we help these students reach their educational goals.

-Coach Constance




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