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Notre Dame grad receives Catholic education award

Friends of Catholic Education, Inc. recently honored Michael J. McGowan as this year’s recipient of the Father John McElroy Award.

The organization gives the award annually to a person whose actions or accomplishments have advanced Catholic school education.

In its November alumni newsletter, the Notre Dame Club of Maryland said:

“The people of Frederick are fortunate to have had Father McElroy’s strong and dedicated spiritual and educational leadership. They are also fortunate to have Michael J. McGowan, a Notre Dame graduate, whose actions and achievements have and continue to have substantially advanced Catholic school education here.”

McGowan said he was humbled “to join such an august group of previous honorees. I will commit myself to being worthy going forward of having received such an honor.”

McGowan’s service to the Catholic school community is extensive. He served on the Friends of Catholic Education Board of Trustees for more than 15 years and played a role in the fundraising efforts to build the new St. John Regional Catholic School, which opened its doors in 2005.

He said he enjoys supporting Friends of Catholic Education as a charitable organization because he is a product of Catholic education, as is his wife Rita.

“I wanted to help provide that opportunity to all who seek it in Frederick County,” McGowan said.

Since its incorporation in 1989 as a 501(c)(3) tax-exempt organization, Friends of Catholic Education has committed more than $4 million in financial support to scholarships, tuition assistance grants, capital improvement grants and tuition assistance credits, McGowan said.

Following a long career in the United States Marine Corps, McGowan joined the private sector and is currently a wealth manager adviser for Merrill Lynch in Frederick. He is also a member and past president of the Rotary Club of Carroll Creek.

“When it was time to pick a place to settle and sink roots, my wife, Rita, and I chose Frederick” — a place he had come to know in the line of duty in the military, McGowan said.

“I used to drive up Route 15 through Frederick and thought what a beautiful part of the world this is.”

Frederick is special, McGowan said.

“I feel very much at home here,” he said. “We’ve lived here for 20 years, and it’s a great place to raise kids. It has a nice combination of history, scenic vistas, farms and business, and is characterized by progress in the good sense of the term.”

People are friendly and you can’t walk in downtown Frederick without running into someone you know, so you have to be on your best behavior at all times, McGowan said.

McGowan enjoys an active life.

“I have to be in the hunt,” he said. “I need to be doing something productive and be involved in the community. It’s in my DNA. I enjoy my work and community activities.”

McGowan ended his military service as a colonel in the Marine Corps with a number of commendations, including, the Legion of Merit, the Bronze Star Medal with Combat “V,” Purple Heart and the Meritorious Service Medal.

McGowan’s favorite quote is: “Inch by inch is a cinch, yard by yard is hard.”

Another quote, by Winston Churchill is: “We make a living by what we get. We make a life by what we give.”

Originally from Brooklyn, N.Y., McGowan received a Bachelor of Science degree in business administration, summa cum laude, from Long Island University and a masters degree in economics from the University of Notre Dame.

McGowan and his wife, the former Rita Quinn of Erie, Pa., have five children.

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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