It’s finally September, which means back-to-school season!  With the current state of the economy, many students and parents are more mindful of costs when it comes to textbooks, tuition, and other expenses.  Check out this week’s College News Roundup with tips on saving money, writing your college applications, and getting ready for the upcoming school year.  Good luck, everyone!

1.  Get the Most College Financial Aid
Good Morning America provides tips, a timeline, and a list of helpful sites for the financial aid application process.

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This MBA admissions tip is provided by our friends at Clear Admit. Check out their blog for more advice about the b-school application process.

We realize that the questions of whether to answer an optional essay and, if so, what to say are ones that loom large for many b-school applicants at this time of year. While we’ve been offering a great deal of school-specific essay advice over the past few months, we wanted to take some time to suggest a few considerations that applicants might want to take into account when making this call.

Is it relevant?
Perhaps this goes without saying, but the only information worth sharing in an optional essay is that which will make a material difference in your candidacy. Whether you wish to comment on an exciting leadership role you’ve just taken on or explain that you were overextended extracurricularly during that one bad semester in college, make sure to think carefully about whether this information will affect and enhance the reader’s perception of your business school candidacy.

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One more month until the October LSAT!  Hope your LSAT prep is coming along well.  Here’s your weekly dose of LSAT and law news to keep you up-to-date.

1. U.S. News Responds to the ABA’s Take on Law School Rankings
Should law school applicants rely on rankings and to make a decision on where they choose to go to get their law degree? Does the desire to rank high on these lists interfere with schools’ missions? U.S. News reports.

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It’s Labor Day weekend. Let’s make exam day more relaxing.

Sign up with Knewton SAT by Tuesday, 9/7, to get $50 off — plus, we’ll pay your $47 SAT registration fee! Just send us your receipt when you sign up for the October exam and we’ll credit your cost of registration. That’s a total value of $97! But it won’t last long…

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Gearing up for Round 1 admissions?  Here’s your weekly dose of MBA news to keep up to date with what’s going on with aspiring b-school students and people in the field.

1. 30 Under 30: The Top Young Entrepreneurs of 2010
Inc. Magazine highlights these rising business stars. Learn about how they got started – and where they’re headed.

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It’s back-to-school season and we’re launching a weekly college news update for parents and students alike.  Check back with us every week for advice, tips, and suggestions on preparing for college and beyond.

1. Tips for Going Green At College

Not only should you be mindful of your budget at college, but you should also reuse items whenever you can.  Eco-friendly is in fashion right now, so The Weekender has provided tips on how to recycle and stay resourceful.

2. Get an “A” in Dorm Room Decor with These Tips from Local College Students

To college newbies: twin-sized bedsheets from home will not fit on college Twin XL-sized beds.  NWsource talked to college students in the Seattle area about which stores you should go to for all of your dorm life necessities.

3. Tips to get Students Started

The Freshman 15 is no joke.  With buffet-style dining halls, it’s easy to lose track of how much you’re eating.  These tips from the Providence Journal will help you stay healthy and make sure you have all of the necessary kitchen materials.  The bonus recipes at the end of the article are also helpful.

4. College Roommates Match Up Online

Would you want to bunk with someone who is your long lost twin?  This New York Times article talks about how more and more colleges are allowing future freshmen to choose their own roommates through online services similar to eHarmony and Match.com.

5. Babson College to Teach Social Responsibility

Babson College in Wellesley, Massachusetts is aiming to instill social responsibility in their students from the very beginning of the school year.  The school’s “From Day One” program hopes to remind students that they do not have to separate their goals of profit and purpose when shaping their education and career.

6. What You Should Save for College Each Month

Fidelity Investments is providing some benchmarks on what you should save for college in order to avoid loans, but are these benchmarks accurate?  Are these numbers possible to predict?  See for yourself in this New York Times article.

7. College In America

This really cool infographic from OnlineSchools.org shows statistics (sometimes shocking) on college in America. Did you know that Russia has the highest percentage of 25-64 years olds with college degrees?  See where your country ranks.

8. Textbook Rentals May Save College Students Some Cash

With the rising costs of books for college classes, students are increasingly turning to rental services available at their schools or from online sources, but are students actually saving money with this new practice?  The Burlington Times News investigates.

9. How to Send Your Son Off to College Again

For college parents, this is a list of events from the New York Times blog that you know should happen, yet might not.  For college students, this is insight into why your parents might feel stressed as you leave home once again or for the very first time.

10. New Website Lets Students Bet On Grades

Ultrinsic.com is a new website that allows students to wager on their grades for class.  Some are applauding this venture for motivating students, but will there be adverse consequences as well?  Listen to find out more in an interview with the company’s co-founder on NPR.

Don’t forget to follow KnewtonSAT on Twitter for more college news!

As law school fall terms begin again, we’re launching a weekly series featuring recent news for pre-law students, current law students, and anyone interested in developing their legal acumen.  Be sure to check out our updates to stay in the know about all things law with Knewton.

Without further ado, here’s this week’s list:

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Starting this week, we’re launching a series featuring recent news about MBA preparation, business school, the GMAT, and developing your business brain.  Be sure to check out Knewton’s weekly updates to stay in the know about all things business.

1. History of the Internet

Getting online GMAT prep and an online MBA was unheard of half a decade ago, but thanks to the Internet, it’s possible today.  This infographic from OnlineMBA shows the growth of the “Intergalatic Network” to all of its current glory.

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One of the most difficult and most important aspects of applying to business school has nothing to do with getting accepted – choosing an MBA program that’s right for you. Even if you’ve done well in an undergraduate institution, scored highly on the GMAT, written a killer essay, and accumulated extensive work experience in the industry, you still have to choose the type of MBA that best suits your needs.

There are many options out there:  one and two-year full-time MBAs, part-time MBAs, executive MBAs, etc. The types are as varied as the people that apply to each, and each program is designed to serve a particular type of applicant. Here are some of the biggest advantages and disadvantages of each:

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