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AP Source: Stan Van Gundy Pistons’ coach/president

By WTOP Staff

DETROIT (AP) — Stan Van Gundy has agreed to a $35-million, five-year contract to be the Detroit Pistons’ coach and president of basketball operations, a person with knowledge of the details said.

Detroit gave Van Gundy the powerful combination of jobs on Tuesday, the person told The Associated Press on condition of anonymity because the deal had not been announced.

The deal was first reported by ESPN.com.

The Pistons announced in April that they were not renewing Joe Dumars’ contract, ending his 14-year run as president of basketball operations.

Van Gundy is taking over a team that has Andre Drummond, one NBA’s top young centers, and money to reshape its roster this summer.

Van Gundy has a 371-208 career record with the Orlando Magic and Miami Heat. He was fired in 2012 following his fifth season with the Orlando. He stunned the Heat in December 2005 by resigning for family reasons after two-plus seasons.

The Golden State Warriors might have wanted Van Gundy, who went to high school in nearby Martinez, California, to be their new coach.

While the Warriors’ roster seems more attractive, Van Gundy is getting a rare chance to be the coach and decision-maker for an NBA franchise. Doc Rivers does both jobs for the Los Angeles Clippers.

The Pistons are desperate to be regarded as relevant in the Motor City — where they’ve become an afterthought — and hiring Van Gundy seems to be a splashy move they needed to make.

Ultimately, though, Van Gundy will have to win more than he loses in Detroit, as he has in each of his eight seasons.

Van Gundy has won 59 games three times, once in Miami and twice with the Magic. He has helped his teams advance in five out of seven postseasons, leading Orlando to the 2009 NBA Finals. Miami lost to the Pistons in Game 7 of the Eastern Conference finals.

Detroit’s season has not lasted longer than the regular season in five years, its longest playoff drought since 1978-83. The Pistons won their third NBA title in 2004, early in a six-year run of reaching at least the conference finals.

The Pistons signed Josh Smith, traded for Brandon Jennings and hired Maurice Cheeks last offseason and were expected to at least contend for a postseason spot.

Instead, the new players didn’t blend with returning players such as Drummond and Greg Monroe well enough to push the Pistons into the playoffs and coach Maurice Cheeks lost his job 50 games into the regular season. Detroit finished the season with a 29-53 record and with John Loyer as coach.

The franchise is hoping it has a lottery pick next month. The Pistons will have to give their first-round pick to the Charlotte Bobcats if the selection is No. 9 or later as part a salary cap-saving trade Dumars made to get Ben Gordon off the payroll two years ago.

___

AP Sports Writer Larry Lage in Detroit contributed to this report.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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

By WTOP Staff
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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