Rhode Island Monthly College Guide 2012 : Page 7

MANY FAMILIES INCORRECTLY ASSUME THAT THEIR STATE UNIVERSITY IS THE ONLY FINANCIALLY VIABLE ROUTE FOR COLLEGE. Loans are federally funded but dispersed at the college level and can provide another $5,500 per year based on family income and assets. Pell Grant recipients demonstrating the most need may also get a Federal Supplemental Education Opportunity Grant (FSEOG) of up to $4,000 per year. For students who intend to teach after college, Teach Grants can provide $4,000 per year, if you agree to teach in an underserved school district for at least four years after college (you may also opt to repay the grant as a loan if you are unable to fulfill your commitment). Those considering military service will want to consider ROTC scholarships and stipends. Funding varies depending on the branch of service you select (Army, Marine, Navy or Air Force), and you need to ensure that your chosen college has an ROTC program or access to one. Scholarships can total up to $180,000 for four years and stipends typically range from $250-$500 per month. Keep in mind there is a commitment to serve after November 1/2 page that ad.pdf:Layout 1 9/19/11 2:51 PM graduation and the minimum is two years full-time, followed by four years in the Reserves. The deadline to apply for ROTC schol-arships is January 10. Finally, the federal government also offers Direct PLUS pro-grams that allow parents to borrow the cost of attendance less any other aid received. You must have a good credit history to qualify and the loans presently have an interest rate of 7.9 percent and include a 4 percent fee. State Government the rhode island higher education Assistance Authority pro-vides access to a student grant of up to $700 per year, and a Col-legeBoundfund Academic Promise Scholarship of up to $2,500 per year. For deadlines and application details, visit riheaa.org . In ad-dition, the Rhode Island Student Loan Authority — a nonprofit state program — offers the Rhode Island Family Education Loan. The loan features a fixed rate based on your chosen repayment schedule, Page 1 Bishop Hendricken High School Catholic Values Fostering a Tradition of Excellence OPEN INFORMATION NIGHT HOUSE Tuesday, Sunday November 29, 2011 March 11, 2012 6:00 – – 8:00 pm 12:00 3:00pm ENTRANCE EXAM I am HENDRICKEN ... Are You? Saturday, December 3, 2011 March 24, 2012 8:30 am – 12:15 pm 8:30am 12:15pm To register for the Open House, please call Jackie White in Admissions at 401.739.3450, ext. 162 5 RHODE ISL AND MONTHLY I COLLEGE GUIDE 2012

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