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Top bid for tallest New England lighthouse is $78K

By WTOP Staff

PATRICK WHITTLE
Associated Press

PORTLAND, Maine (AP) — The tallest lighthouse in New England will likely soon have a new owner.

The federal government on Sunday closed out an auction for Boon Island Light Station, with the top bidder offering $78,000 for the lighthouse built in 1855 on a tiny rocky island 6 miles off Maine’s coast.

Government officials now have 30 days to evaluate the top bid and close the deal, said Patrick Sclafani, spokesman for the U.S. General Services Administration. The winning bidder will be identified at that time.

More than a dozen bidders were vying for the historic lighthouse.

The new ownership will be the start of a new chapter in the odd history of Boon Island, where the English ship Nottingham Galley ran aground in 1710 in one of New England’s most infamous shipwrecks. The island’s first lighthouse, built for the War of 1812, was established about a century later, and the original tower was destroyed by weather in 1831, according to bidding documents.

The keeper’s house and ancillary buildings are gone, leaving the property an isolated island off York with a 133-foot granite tower, said Jeff Gales, executive director of the United States Lighthouse Society.

“This is a very desolate place,” Gales said. “And you can imagine what it would look like in the wintertime.”

Bidding on the lighthouse, which is still active as a navigational aid, began in May and was originally set to end around noon on Aug. 12, but the government extended it. Bidding documents say the U.S. Coast Guard will continue to own and maintain the light itself.

The federal government has sold or transferred more than 100 lighthouses since 2000, with 68 transferred at no cost to preservationists and 36 sold by auction to the public, according to data provided by the U.S. Lighthouse Preservation Society.

Some lighthouses, because of their location or condition, can be hard to sell — such as the Minots Ledge Light, which is located on a reef off Scituate, Massachusetts, and hasn’t attracted a single bid in seven weeks on the block. Others fetch a high price — Graves Island Light Station at the mouth of Boston Harbor went for a record $933,888 last year. Many avoid the auctioneer’s gavel because they are handed over to preservation societies that maintain them as historic landmarks.

“The ones that are offshore, on reefs, on tiny islands, those are the ones the nonprofits just don’t have the resources to care for,” said Kraig Anderson, who runs a lighthouse database called LighthouseFriends.com.

Boon Island’s lighthouse is the tallest in New England, though it’s not the highest above sea level in Maine — that honor belongs to the Seguin Light at the Kennebec River’s mouth. It is one of Maine’s 57 active lighthouses.

The federal government is also auctioning Halfway Rock Light Station in Maine’s Casco Bay. So far it has attracted three bids topping out at $56,000.

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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