Teachers must submit their requests for pencils before the April 1st deadline

DES MOINES, IA (01/10/2012)(readMedia)-- Treasurer Michael L. Fitzgerald wants every second and third grade teacher in the state to take advantage of the free pencils being offered through Prepare for the Basics program. This no-cost program, which provides pencils for students to use during the Iowa Assessment Test, supplied over 12,800 students with pencils during the 2010-11 school year. "Any teacher interested in participating in the program has until April 1st to submit their requests," stated Fitzgerald. "I really hope all teachers take advantage of this program. It is a small gesture of appreciation for all they do."

The Prepare for the Basics program also provides information to families about College Savings Iowa, the state's 529 plan that is designed to give them an affordable way to save money for college. "Families who begin saving early are better prepared to meet the educational needs of their children. Any little bit that can be saved now will offset what has to be borrowed in the future," Fitzgerald said.

College Savings Iowa lets anyone - parents, grandparents, friends and relatives - invest for college on behalf of a child. Iowa taxpayers can deduct up to $2,975 in contributions per beneficiary account from their adjusted gross income in 2012* Investors do not need to be a state resident and can withdraw their investment tax-free to pay for qualified higher education expenses including tuition, books, supplies and room and board at any eligible college, university, community college or accredited technical training school in the United States or abroad.** For more information about College Savings Iowa, go to www.collegesavingsiowa.com or call 1-888-672-9116.

Teachers who would like to take part in the Prepare for the Basics program can register online by visiting www.treasurer.state.ia.us and clicking on the financial literacy tab. Materials should be requested at least two weeks prior to testing to ensure timely arrival and will be delivered directly to the participating schools. Supplies are limited, so early registration is advised.

* Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to Iowa taxable income.

** Earnings on non-qualified withdrawals may be subject to federal income tax and a 10% federal penalty tax on the earnings, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.

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Investment returns are not guaranteed and you could lose money by investing in the plan. Participants assume all investment risks as well as responsibility for any federal and state tax consequences. If you are not an Iowa taxpayer, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.

For more information about the College Savings Iowa 529 Plan, call 888-672-9116 or visit www.collegesavingsiowa.com to obtain a Program Description. Investment objectives, risks, charges, expenses, and other important information are included in the Program Description; read and consider it carefully before investing.

Last year, Senator Grassley asked President Obama for clarification on the legal authority to implement the components of the President's announcement that he was taking unilateral action to reduce select borrower's student loan obligations.  Click here for Senator Grassley's letter.  The inquiry was based on the implication in the President's comments that he intended to go beyond the laws passed by Congress.

The subsequent response from the Secretary of Education indicated that, while the White House announcement had referred to changes to the Income Based Repayment (IBR) plan that go beyond a law passed by Congress in 2010, the Department of Education was actually beginning the process to change the regulations governing the Income Contingent Repayment (ICR) plan, an older program with a more flexible authorizing statute that gives greater discretion to the Secretary of Education.  Moreover, while the White House's October announcement stated that this was part of a "series of executive actions" he was implementing and provided specific details about how the initiative would work, the Secretary of Education's response to Senator Grassley explained that the Department of Education was actually initiating a negotiated rulemaking process by which various stakeholders will meet to negotiate the final details of the new regulations.  Click here to read Secretary Duncan's letter.  In other words, the President's announcement is just an initial proposal and the actual details have yet to be determined.

Here's a comment from Senator Grassley about this revelation:

"I am glad to know that the Department of Education may not be flagrantly ignoring the law after all as President Obama's announcement initially implied.  However, the misinformation in the White House announcement that erroneously steers interested students to the IBR plan is still a potential source of confusion for students and financial aid advisors.  I hope the White House will issue a correction.  I also continue to have concerns about the potential costs of this initiative given the Secretary's refusal to answer my detailed questions about how the Administration's cost estimate was calculated."

For additional background, the October 25, 2011, press release issued by the White House cited the fact that, "Current law allows borrowers to limit their loan payments to 15 percent of their discretionary income and forgives all remaining debt after 25 years" and gives a website for more information about the Income Based Repayment (IBR) plan before going on to point out that, "...Congress enacted, a plan to further ease student loan debt payment by lowering the IBR loan payment to 10 percent of income, and the forgiveness timeline to 20 years. This change is set to go into effect for all new borrowers after 2014?mostly impacting future college students."  The White House announcement then states, "Today, the Administration is proposing to offer even more immediate relief to many current college students by giving them the chance to limit loan payments to 10 percent of their discretionary income starting in 2012."  Or, as the President said in his remarks at the University of Colorado the following day, "So today, I'm here to announce that we're going to speed things up.  We're going to make these changes work for students who are in college right now."

BETTENDORF, Iowa -Ascentra Credit Union was recently awarded $10,000 through two grants to help the organization's financial education efforts in our community in 2012.  The funds will be used for real-world financial literacy programs like "Banzai!"  The grants were provided by the National Credit Union Foundation and the Iowa Credit Union Foundation.

"When 18 to 24 year olds are the fastest growing demographic declaring bankruptcy, it's clear that there is a need for young people to be more financially savvy," Ascentra Credit Union's Community Development Coordinator Alvaro Macias said.  "For that reason financial education for young people is now more important than ever."

Ascentra realizes teachers need resources for an often mandated, but also often underfunded curriculum of financial literacy.  As a not-for-profit financial institution that promotes financial education to its members, teachers can count on an organization that shares the same values to provide a free, comprehensive, quality financial education program.

Banzai has been requested by 19 in 2011 area teachers and Ascentra plans to at least double that to 35-42 teachers.  If you are a teacher, and interested in Banazai please visit http://ascentra.teachbanzai.com to learn more and sign up to receive free materials for your classes.  You can even see how your state's financial literacy standards align with Banzai.

Some of the schools that have used Banzai include Davenport North High School, Assumption High School, Williams Intermediate School, Rock Island High School, Moline High School, Prince of Peace High School and many more.

"By preparing students with a solid understanding of how to manage their money, they will be better prepared when starting out in life and stepping out into the real world," Macias added.

For more information about Ascentra Credit Union please visit www.ascentra.org.  To learn more about the National Credit Union Foundation visit www.ncuf.coop.  To learn more about the Iowa Credit Union Foundation visit www.iowacreditunions.com.

with U.S. Senator Chuck Grassley

 

Q:        How do young Americans get a place at the U.S. service academies?

A:         Starting more than 200 years ago, the U.S. service academies have educated and trained the best and the brightest to lead and command the Armed Forces in service to the nation.  The young Americans who want to serve our country and win places at the service academies are remarkable for their accomplishments and leadership.  A rigorous selection process ensures that candidates for officers' training arrive with superior scholastic, athletic and leadership skills that will help preserve freedom and secure our American way of life for generations to come.

 

Admissions are highly competitive to the Military Academy in West Point, NY; the Naval Academy in Annapolis, MD; the Air Force Academy in Colorado Springs, CO; the Coast Guard Academy in New London, CT; and the Merchant Marine Academy in Kings Point, NY.  Applicants to all of these service academies except the Coast Guard require a nomination to the school, and those can be made by U.S. senators, representatives, the President and the Vice President.  Coast Guard applicants compete without by-state quotas.

 

Q:        How does your nomination process work?

A:         As a U.S. senator representing Iowa, I select ten Iowa students to nominate for each vacancy at the Military, Naval and Air Force academies, in accordance with the number of vacancies made available each year.  I'm also able to nominate ten Iowans each year to the Merchant Marine Academy.  Appointments to this academy are allocated in proportion to the state's representation in Congress.  Iowa currently has access to four vacancies each year for the Merchant Marine Academy.

 

I encourage students to begin the process of applying for a congressional nomination in the spring of their junior year of high school and to consider applying to all of the service academies.  Applicants also should apply directly to the academy and ask that a pre-candidate file be opened on their behalf.

 

Iowans can take pride in the 57 nominees whom I recommended at the end of last year for consideration of appointments to the U.S. service academies.  Their collective attributes and achievements are an impressive reflection on the state of Iowa.  Already, from this group, a Coralville student has been offered an appointment to West Point and a Boone student has earned a place at the Naval Academy.

 

The Army, Naval and Air Force academies are part of the Department of Defense.  The Merchant Marine Academy is part of the Department of Transportation.  And the Coast Guard is part of the Department of Homeland Security.  Students at the academies are on active duty in the armed services from the day they enter and are commissioned as officers upon graduation.  Graduates of the Merchant Marine Academy hold Coast Guard licenses for six years and are commissioned into the Navy Reserve.  They also may cross commission into any other branch of the service.

 

Q:        What are the basic criteria?

A:         Candidates should rank in the top half of their high school class in a college preparatory curriculum.  Candidates should have ACT scores of 25-36 in math and science and 22-36 in English.  They should have demonstrated leadership in and outside of school, with outstanding records of extracurricular activities and/or job experience.  Candidates need to have completed the physical requirements described by the academies.  Those seeking my support must be legal residents of Iowa or dependents of members of the military who are Iowa residents.  Applicants must be U.S. citizens, unmarried with no children or legal obligation for a child, and at least age 17 but not older than 23 years.  Go to the link posted in Info for Iowans at http://www.grassley.senate.gov and send a copy of the completed material to:  The Office of Senator Chuck Grassley, 150 1st Avenue NE, Suite 325, Cedar Rapids, Iowa  52401.  Questions can be answered at (319) 363-6832.

 

Monday, January 9, 2012

(JANUARY 6, 2012) - Concordia University Wisconsin, Mequon, graduated 671 students during Fall Commencement Exercises December 17, 2011.
Among the area students receiving degrees were:

Kelsey R Lindholm of Davenport, Iowa, with a BA in Elementary Education.

Linnea E. Gallo of Moline, Illinois, with an MOT in Occupational Therapy.

Concordia's main campus is located on 200 acres of beautiful Lake Michigan shoreline. The University and its 10 educational centers and classrooms are home to 7,618 undergraduate and graduate students from 46 states and 28 foreign countries. The University offers more than 60 undergraduate majors, 14 master's degree programs, and doctoral degrees in Pharmacy, Physical Therapy and Nursing Practice.

Baldwin City, Kan. - More than 700 undergraduate, graduate and nursing students at Baker University received their degrees during commencement ceremonies Dec. 17-18 at the Collins Center.  Among the graduates is Kelsey Jurkowski of Bettendorf, Iowa with a Master of Business Administration.

Baker, the first university in Kansas, has been listed among the top schools in the Midwest in the annual college rankings by U.S. News & World Report, and selected as a top school in the Midwest by The Princeton Review. Baker has been named one of the top 100 Best Values in Private Universities by Kiplinger's Personal for combining outstanding quality with affordability.

The University serves nearly 4,000 students through the College of Arts and Sciences and School of Education undergraduate programs in Baldwin City; the School of Nursing in Topeka; the School of Professional and Graduate Studies in Overland Park, Kan.; Topeka, Kan.; Wichita, Kan.; and Kansas City, Mo.; Lee's Summit, Mo.; and the School of Education in Overland Park.

The following local students were named to the Dean's List at Gustavus Adolphus College:

Carla DeWit and Kelsey Francis, both of Bettendorf, and Samantha Good  of Rock Island.

Gustavus Adolphus College is a private liberal arts college in St. Peter, Minn., that prepares 2,500 undergraduates for lives of leadership, service, and lifelong learning. The oldest Lutheran college in Minnesota, Gustavus was founded in 1862 by Swedish immigrants and named for Swedish King Gustav II Adolf. At Gustavus, students receive personal attention in small-sized classes and engage in collaborative research with their professors. Fully accredited and known for its strong science, writing, music, athletics, study-abroad, and service-learning programs, Gustavus hosts a chapter of Phi Beta Kappa and is internationally recognized for its annual Nobel Conference.


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IOWA FALLS, IOWA - One hundred thirty-nine students have been named to the Fall 2011 (August to December) Dean's List at Ellsworth Community College. To be eligible for the Dean's List, students must have taken 12 or more credit hours during the semester (a full-time class load) and have earned at least a 3.5 grade point average while attending ECC classes in Iowa Falls or online. Part-time students are not included in this list. The staff and administration congratulate these students for their academic excellence.  Among the students awarded is Austin Smith of Davenport.

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WHITEWATER, WI - The University of Wisconsin-Whitewater announced more than 2,900 students were named to the fall 2011 Dean's List. To be eligible for the honor, students must have a 3.4 semester grade point average with a minimum of 12 semester credits and no grades lower than a "C."  Brooke M. Marriott of Moline was among the students named to the Dean's List.  The University of Wisconsin-Whitewater, founded in 1868, is the fourth largest campus in the 26-campus UW System.


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DES MOINES, IA (01/06/2012)(readMedia)-- "The Iowa State Education Association (ISEA) remains dedicated to the success of every student. We strongly support education policy with proven methods of success that places students at the center of its goals.

We continue to be frustrated with the lack of real focus and detail of how the Governor's proposal directly impacts student learning in a meaningful way. The ISEA is committed to the ideas we originally discussed: giving teachers the appropriate and important preparation time to improve their craft, continuing with early childhood learning opportunities, and creating additional learning time for struggling students.

We will know more about the Governor's commitment to education once we see his and the Department of Education's budgets. Any plan must give our public schools the tools and resources to help every child succeed and resist the urge to experiment with the latest ideas on the education reform circuit. This issue is too important and the stakes are too high.

The ISEA remains ready to be an integral partner in improving our schools. However, while we appreciate a seat at the table while decisions are made, our presence must not be mistaken for tacit approval of a plan that does not, ultimately benefit Iowa's students."

The ISEA is a professional organization made up of more than 34,000 educators who are dedicated to supporting and protecting a quality public education for all Iowa students. Great Education. It's an Iowa Basic!

$10,000 and $25,000 grants available to rural school districts
through America's Farmers Grow Rural EducationSM

ST. LOUIS (Jan. 6, 2012) - Statistics show that the U.S. ranks only 25th in math scores and 21st in science compared to 30 industrialized nations. These facts show that education is strongly in need of support. To help, Monsanto Fund, the philanthropic arm of Monsanto Company, is launching America's Farmers Grow Rural Education? to aid rural school districts by providing $10,000 and $25,000 grants in 1,245 counties across 39 states.

"We believe our rural communities are the heart of America," said Deborah Patterson, Monsanto Fund president. "We want to help strengthen local communities and education systems, especially in the areas of science and/or math. A strong science and math education helps build a foundation for many careers in agriculture, but also will help our students to be more competitive with those in larger cities and other nations."
America's Farmers Grow Rural Education gives farmers the opportunity to nominate a public school district in their rural community to compete for a grant. Nominated school district administrators can then submit an application for either a $10,000 or $25,000 grant to support a science and/or math educational program by April 30, 2012. School districts that apply for a $10,000 grant will compete against other school districts that are located in the USDA-appointed Crop Reporting District (CRD); except that CRDs with fewer than five eligible school districts will compete against each other for a single grant. A school district that applies for a $25,000 grant will compete against schools that are located in its state or designated region.
The Monsanto Fund will award 199 grants this year. There will be 177 $10,000 grants and 22 grants of $25,000 awarded. Visit growruraleducation.com to see a complete list of eligible states and regions. Overall, the Monsanto Fund will donate more than $2.3 million to school districts in 39 states through this program.

Grants will be awarded based on merit, need and community support. The America's Farmers Grow Rural Education Advisory Council will select the winning grant application. This group is made up of 26 farmer leaders from across the country, who are passionate about both farming and rural education. The council members, from across the country, are actively engaged in their local communities through various leadership positions, such as a member of the local School Board, an active Farm Bureau leader or a member of an educational organization or committee within various organizations. The council is responsible for reviewing the top grant applications to select the winning school. These individuals are passionate about both agriculture and education, which is essential when choosing the best grant.
The program started with a successful pilot in Illinois and Minnesota, in which farmers were given the opportunity to nominate a public school district in 165 eligible counties in those two states. The Monsanto Fund awarded more than $266,000 to local schools in 16 CRDs through the pilot.
The America's Farmers Grow Rural Education program is part of a broad commitment by Monsanto Fund to highlight the important contributions farmers make every day to our society by helping them grow their youth. Visit www.growruraleducation.com for additional information and to view a complete list of winning school districts.

 

About Monsanto Fund
The Monsanto Fund, the philanthropic arm of the Monsanto Company, is a nonprofit organization dedicated to strengthening the farm communities where farmers and Monsanto Company employees live and work.  Visit the Monsanto Fund at www.monsantofund.org.

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DES MOINES, IA (01/05/2012)(readMedia)-- State Treasurer Michael L. Fitzgerald announced today that the deduction amount for College Savings Iowa has once again been raised. "Iowa taxpayers can now deduct the first $2,975 they contribute to each College Savings Iowa beneficiary account from their state taxable income," said Fitzgerald. "This means that a married couple with two children will be able to deduct up to $11,900 in contributions on their 2012 state taxes."*

College Savings Iowa lets anyone - parents, grandparents, friends and relatives - invest for college on behalf of a child. Investors do not need to be a state resident and can withdraw their investment tax-free to pay for qualified higher education expenses including tuition, books, supplies and room and board at any eligible college, university, community college or accredited technical training school in the United States or abroad.**

One of the best features of College Savings Iowa is how easy it is to get started. "All you need is $25 and ten minutes of your time to start saving," said Fitzgerald. "I encourage all families to save whatever they can today to help offset what has to be borrowed in the future." For more information about College Savings Iowa, call 888-672-9116 or visit www.collegesavingsiowa.com.

* Adjusted annually for inflation. If withdrawals are not qualified, the deductions must be added back to Iowa taxable income.

** The earnings portion of nonqualified withdrawals may be subject to federal income tax and a 10% federal penalty tax, as well as state and local income taxes. The availability of tax or other benefits may be contingent on meeting other requirements.

###

Investment returns are not guaranteed and you could lose money by investing in the plan. Participants assume all investment risks as well as responsibility for any federal and state tax consequences. If you are not an Iowa taxpayer, consider before investing whether your or the designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's qualified tuition program.

For more information about the College Savings Iowa 529 Plan, call 888-672-9116 or visit www.collegesavingsiowa.com to obtain a Program Description. Investment objectives, risks, charges, expenses, and other important information are included in the Program Description; read and consider it carefully before investing.

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