Saturday, March 24, 2007

Scholarships and Financial Aid


One of the SLIS faculty members compiled the following information. I think all of you will find it helpful. Good reading! I know that some of the funds are for SC students entering school library; however, I thought if you read about these, you might check in WV and VA to see if similar programs are available for our "critical need" area of school librarianship.
Financial Aid and Scholarships
Financial aid is available for SLIS students. All students applying to the program and all students currently enrolled at SLIS should be aware of the different loans and scholarships, application forms, and due dates
The USC Office of Student Financial Aid & Scholarship office:
http://www.sc.edu/financialaid/

Scholarships from the School of Library and Information Science.
http://www.libsci.sc.edu/program/scholarships.htm

Federal Stafford loans. Qualified individuals may apply for low interest loans (
http://www.sc.edu/financialaid/applyforstaf.html).

Any SLIS student who holds a valid SC teaching license is eligible to apply for a discounted tuition at USC. Students who have a current SC teaching certificate should contact the Office of the Bursar (
http://www.sc.edu/bursar/).

Financial aid for South Carolina residents who are SLIS students pursuing certification in K-12 school library media.

The USC Office of Student Financial Aid & Scholarship office:
http://www.sc.edu/financialaid/applyforteachers.html

Since school library media is listed as one of the critical needs areas in South Carolina (
http://www.scstudentloan.org/wp280-03.aspx), SC residents working toward certification in K-12 school library media may be eligible for two types of forgivable loans: either the South Carolina Teachers Loan Program or the Career Changers Loan Program. Due to limited funding, meeting all criteria and deadlines does not guarantee that individuals will be accepted into these loan programs. Applications are available online (http://www.scstudentloan.org/wp154-01.aspx). Students must apply each year as loans are granted on an annual basis. Applications are available each March. Early submission is strongly recommended. June 1st is the deadline each year.

The SC Teachers Loan Program allows students to borrow up to $5,000 a year with an aggregate amount of $20,000.

The Career Changers Loan Program allows students to borrow up to $15,000 per year up to an aggregate maximum of $60,000 to complete their degrees.

The SC Teachers Loan Program and the Career Changers Loan Program are cancelled at the rate of 20% or $3,000, whichever is greater, for each full year of employment as a media specialist in a K-12 public school in South Carolina. If an individual is hired as a media specialist in a critical geographic area, the loan will be cancelled at the rate of 33% or $5,000, whichever is greater, for each year of full time employment. This means that most loans are usually "forgiven" in 3-5 years.

The South Carolina Teachers Loan Program and the Career Changers Loan Program are not the best loan programs for some individuals.
1.) Students must be enrolled for what qualifies as at least a half-time basis. Six graduate hours in the fall and spring might be too many hours for a student working full-time with family responsibilities.
2.) The loans usually do not cover courses in the summer.
3.) If a student doesn't become certified as a school librarian or fails to secure a position as a media specialist in SC and fulfill his/her obligation to work as a media specialist for the required number of years in SC, the loan must be repaid with accrued interest. The interest rate is set as the current rate on the Federal Stafford Loan plus 2% (currently 8.8%).

SC residents seeking certification in K-12 school library media should join the South Carolina Association of School Librarians as soon as they enroll at SLIS (
http://www.scasl.net/joinus.htm). As a member of SCASL, SLIS students may apply for the Nancy Jane Day Scholarship (http://www.scasl.net/profawards/njdapp.htm).

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