The Common Knowledge Scholarship Foundation awarded Luz Davila as the 2014 National Business Finance Scholarship Winner. She discovered the scholarship opportunity through a professor and decided to participate in it. Luz won by logging on to the CKSF website and scoring the highest on a series of quizzes. She completed the quiz in less than five minutes, Luz explained that her secret to winning was using the notes she had taken from her finance class. The quiz questions correlated to what she learned in her finance class. Luz attends the H. Wayne Huizenga School of Business and Entrepreneurship at Nova Southeastern University and has hopes of becoming a financial analyst.

In a tuition back scholarship, the winner receives money back for a course at the college they attend. In order to be eligible for this scholarship, participants have to be current undergraduate or graduate business students. As students begin college, they find that there is little financial assistance available to them. CKSF develops scholarships such as the Tuition Back program for current college students. The Tuition Back Scholarships cover specific courses relating to Nursing, Business, and Education. Quizzes are based on the core courses for each of these majors.

Unlike other scholarships that can take time away from your studies to complete, this scholarship is designed to help students review and practice for their final exams, making it easy for any college student to participate. Basically, studying for your regular exams would increase your chances of winning the scholarship. If the winner attends a school that participates in tuition back scholarships then they can receive up to $1,000 in tuition back money. CKSF is continually expanding the scholarships available in the tuition back program.

If you are interested in participating simply go to www.cksf.org and register.

Middle school students in south east Colorado have taken up the challenge to try and win free pizza by taking an online math quiz.  Pizza Math Friday is one of the ongoing math projects developed by the Common Knowledge Scholarhsip Foundation to help schools practice and pass the math portion of the Common Core Standards.

http://uwebdev.cksf-results.com/index.cfm?Page=Home&Subpage=Live_StudentGraph&ContestID=164FEF0E

Common Knowleldge Scholarship Foundation's Auto Math Ambassadors have many skills including writing for online publications and creating videos.

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Well, it’s that time of the year again. You’ve probably sent your children off to class in the fall and what do you get in return? The inevitable reminder that you are now in debt thanks to the tuition bill. I mean sure, there’s financial aid out there, such as internal and external scholarships, and federal/state grants. However, what happens if that’s not enough to cover full tuition costs?

According to Betsey Mayotte, director of Regulatory Compliance for American Student Assistance, the Department of Education has issued new “draft rules” that can potentially affect the eligibility criteria for Parent Direct Plus loans and graduate loans. This is all being done with the mentality of not loaning out more money than what can be paid back.

So in that case, what are my options? Here’s a few that we think can benefit you depending on your personal needs:

Tuition Payment Plans:

Always try, if possible, to work something out with the university or college that your child is attending. Maybe a payment plan can be drawn up where you can pay the rest of the tuition debt on a monthly basis over the rest of the school year. Taking this route may save you money from interest fees as well as being debt free by the time of graduation. However, there’s always a catch. If you fall past due on your payment which could happen after any unexpected crisis, then your child may not be able to sign up for classes for the next term, or even worse, not receive his or her diploma until the bill has been paid.

So what’s option number two?

Federal Parent PLUS loans:  

The bright side of this option is that there is no limit on the amount of money you can take out for a loan up to the cost of attendance. There is a light credit check, but even if you don’t pass it, you can get an endorser. If your endorser is not “creditworthy” then your child can apply for additional unsubsidized Stafford loans.

So what’s the catch here? Well, you have to look at the big picture. As stated by Mayotte, “A $20,000 loan for freshman year may sound manageable, but multiply that by the number of years you expect your student to be in school and the number of college bound children in the household and suddenly you owe $160,000 in Parent Direct PLUS loans, assuming you only have two children.” This would give rise to a sum of $1,800 a month under a standard 10 year plan. Not to mention, Parent PLUS loans are not eligible for income-based repayment options, unless you consolidate your loans under the Direct Loan program. But even then, for a person with an annual income of $80,000 the monthly payments would still be $1,000/month. This could really poke a hole in your retirement savings.

If you think that your child will pay the loan back to you, remember the loan can never be changed to your child’s name and all deferment options will be based on your situation, not the student’s.

So, is any other option?

Co-signing a Loan:

If you don’t want to take up a loan under your personal name, you can co-sign the loan instead.

Ninety percent of private student loans have cosigners, usually being parents. What many don’t understand is that by co-signing the loan, you are now equally responsible for the debt. Even if all payments are up to date, this can heavily affect your debt-to-income ratio. This could really be harmful to you when trying to refinance your home, buy a car, or involve yourself in anything that has to check your credit and/or income.

The risk is big as Mayotte shares when she relates “As private loans have very few lower payment or other options if the borrower cannot pay, and may not have discharge provisions if the borrower should pass away or become disabled like federal loans have, it can actually be riskier for the parent to co-sign on a private loan than it would be for them to take out the federal PLUS loan under their own name.”

Final Tips:

If you end up not having any other option and take out loans, be smart and proactive. If the loan is deferred while at school, try to at least pay off the interest that keeps piling up over time. This could save you thousands! If you can add payments as well, even better! You will be happy you did so as time goes by and you see your friends who didn’t drown in debt. Also, keep in mind that there are always scholarships available at the Common Knowledge Scholarship Foundation. All you have to do is take short and free online quizzes on a wide range of subjects. No essays, applications, or specific GPAs are required. Log on to www.cksf.org today to register with an account and ge

Starting in the month of October, the Common Knowledge Scholarship Foundation will be offering the High School Biology Challenge! Like all Common Knowledge scholarships, The National Biology Challenge is free to all schools and students in the United States. The individual top scorer will be awarded a $250 scholarship which may be used at the college of his or her choice.

This scholarship will be in the form of an online quiz competition that can be done at anytime, and anywhere. The quiz questions have been made to include AP biology curriculum, making it a very resourceful study tool for students taking the course, and still having the opportunity to earn a scholarship!

Far beyond being just an individual competition, the High School Biology Challenge also has a team component. Each school’s top 20 scorers are combined to create a team score. The highest scoring school in each state advances their top five students to a Championship Round. At the end of the scholarship, the top scoring school will be awarded the CKSF Biology Challenge National Championship Trophy.

The Common Knowledge Scholarship Foundation (CKSF) is a non-profit organization that offers no essay scholarships to students. To learn more about all the scholarship CKSF offers, register today on www.cksf.org and get started!

With fronds like you, who needs anemones!

The college HELP scholarship is in full effect. The Higher Education Life Preparation (HELP) scholarship will quiz college students on topics they should know before they graduate such as professional protocols, taxes and job search.

The career fact quizzes will run September through December and the financial quizzes will follow in January to April. Only 25% of the top scorers will move on to the championship rounds. If the student wins 1^st place on either quizzes they will be the lucky winner of a $500 scholarship.

Common Knowledge Scholarship foundation (CKSF) is a non-profit organization that grants students scholarships without any strict requirements. No essays, no applications, and no required GPA. To learn more about this scholarship register on www.cksf.org. 

July 2014 - Scholarships and programs at CKSF are starting up full force! Students will once again have the opportunity to participate in the Auto Math Challenge for a chance to win a $250 scholarship and the National Auto Math Challenge Trophy. This time, there is a chance that there will be bigger prizes, as partnerships with different car companies seem to be in the near future.

CKSF’s new math scholarship program was a huge success. Auto Math was piloted in May 2014, and is a quiz with math questions based on cars, focusing on things like gas, car insurance and mileage. Many high school students are looking to purchase a car and need to learn about car maintenance, so finding a subject that relates to the audience is crucial in maintaining participation.

Next fall’s Auto Math Challenge, however, will be new and improved. Due to the success of the pilot, CKSF and our partners at Nova Southeastern University have decided to add an interesting twist. We are now introducing the ambassador program. High school students have been chosen from all over the country to develop the questions that will be in next year’s Auto Math Challenge. These students are also spreading the word about the Auto Math Challenge at their own schools as they volunteer to help create the questions.

Starting in the fall, high school students nationwide will have the opportunity to register for a chance to receive a $250 dollar scholarship, the national trophy, and more, simply by answering math questions created by other high school students.

The Catcher in the Rye Scholarship is here and you can be the lucky person to win an electronic Amazon gift card. It doesn’t matter if you read the book once this scholarship is perfect for you. There will be four quizzes. Quiz 1 is chapters 1-7, Quiz 2 is chapters 8-14, Quiz 3 is chapters 15-20, and Quiz 4 is chapters 21-26.

The quizzes start August 4, 2014. 500 points can be won for each correct answer. Points are deducted depending on how long it will take you to answer each question. After the four quizzes there will be a Championship Round. Only 25% of participants make it to the Championship Round.

You won’t find this opportunity in many places. You can be the lucky winner to earn one of the electronic Amazon gift cards. I know I love to splurge on Amazon and now you can too!

At the Common Knowledge Scholarship Foundation, scholarships are not the only programs running. This time, it is the CKSF’s internet safety program, and the winning schools have been determined.

            The USA-SOS (Safe Online Surfing) internet safety program was originally created and given at Nova Southeastern University, by a partnership between the Fischler School of Education and CKSF. To this date, over 4,000 students have participated. This is the programs 9^th year, and it is still going strong, with about 200 students registering every month. USA-SOS is a free program that teaches students about the dangers of the internet, while still keeping things fun. Students are introduced to topics like privacy, passwords, and “netiquette” through scavenger hunts that keep the learning experience interesting and exciting. Quizzes are given before and after the hunts, with the school’s team score calculated from the top 20 students’ post-quiz score.

            This semester there were six winning schools, chosen out of all of the schools across the country, each from grade levels 3^rd through 8^th.

The following schools held the highest team scores:

3^rd Grade: Creekside Elementary School in Spearfish, SD

4^th Grade: Nohl Canyon Elementary School in Anaheim, CA

5^th Grade: Glenwood Intermediate School in Canton, OH

6^th Grade: Scullen Middle School in Naperville, IL

7^th Grade: Cerro Villa Middle School in Villa Park, CA

8^th Grade: Herbert A. Ammons Middle School in Miami, FL

            Congratulations to all of the winning schools, who received a national trophy, and to all of the students who participated. CKSF has again successfully helped students across the country learn about internet safety while still making the learning experience fun and captivating.

The Common Knowledge Scholarship Foundation, known for developing and delivering free online quizzes, doesn’t take a rest. During the summer, the organization will be running the Common Knowledge Scholarship to give students who weren’t able to apply for scholarships during the school year the opportunity to earn a scholarship.

The Common Knowledge Scholarship offers the unique chance to earn a scholarship without having to go through neither a long application process nor the need to write an essay. The scholarship is available to all High school and college students, as well as out of school individuals.

How does it Work?

Participants will be quizzed on trivia and common knowledge questions. These questions can come from a wide variety of subjects including but not limited to literature, biology, and law. Each quiz takes no more than five minutes to complete and is completely web based. There are a series of challenge quizzes that can be taken up to June 20^th. The quizzes are scored on time and accuracy and will be added up for a total score. The top 25% scoring students will then advance to a championship round where a winner will be determined. The winning student will receive a $250 scholarship to the university or college of his or her choice.

How Do I participate?

Participants must do a one-time, short registration with CKSF to take the online quizzes. To do so, sign up on www.cksf.org. Once registered, scholarships will be matched to ones interests and be available for students to take. Year round, CKSF offers many scholarships for all kinds of students, majors, and interest. For that reason, sign up with CKSF and start earning scholarship money today!