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Developer Breaks Ground on Rosslyn Skyscraper

The groundbreaking of the Central Place residential construction in Rosslyn Rep. Jim Moran speaks at the groundbreaking of the Central Place residential construction in Rosslyn County Board Chair Jay Fisette speaks at the groundbreaking of the Central Place residential construction in Rosslyn The groundbreaking of the Central Place residential construction in Rosslyn The groundbreaking of the Central Place residential construction in Rosslyn Rosslyn BID President Mary-Claire Burick speaks at the groundbreaking of the Central Place residential construction in Rosslyn JBG Companies Principal Andrew Van Horn speaks at the groundbreaking of the Central Place residential construction in Rosslyn The groundbreaking of the Central Place residential construction in Rosslyn WMATA Real Estate Director Stan Wall speaks at the groundbreaking of the Central Place residential construction in Rosslyn Central Place residential tower

Arlington officials and real estate developer JBG Companies broke ground this morning on the 31-story residential skyscraper at 1823 N. Moore Street in Rosslyn called Central Place.

The development, which is expected to be complete in 2017, will have two floors of retail, a 17,00-square-foot public plaza and six levels of parking — three below ground and three above. Once the residential tower, which will be one of, if not the tallest, residential building the D.C. area, is complete, JBG will begin construction on an accompanying office space next door, between N. Lynn and Moore Streets.

“Rosslyn is going to continue to benefit from this type of development,” Rep. Jim Moran (D) said from the podium. “The first time I visited Rosslyn close to 50 years ago, it was a place for pawn shops and prostitutes. Today, it’s a dynamic community. It’s going to be the place where people are going to want to work, live and play.”

Although Wednesday morning marked the official groundbreaking ceremony, construction has been ongoing for months on the project. It’s closed several lanes of N. Lynn Street at different times, causing major backups, as well as the McDonald’s that stood in the spot the apartments will soon be. JBG also removed the skywalks over both streets as part of its agreement with the county to bring foot traffic back to street level.

“I think I was here when we knocked down the Orleans House,” Arlington County Board Chair Jay Fisette said of the demolition of the restaurant at 1213 Wilson Blvd nearby. “I can’t say which I’m more excited about. It was a landmark and had its place in our history, and the McDonald’s does too, but it’s time to move on.”

The groundbreaking was another in a slew of recent landmarks for Rosslyn after the framework for the Rosslyn Sector Plan Update was approved by the County Board earlier this month. The plan would extend 18th Street through central Rosslyn — including between the two Central Place buildings — and connect Arlington’s core developments with the surrounding parks.

“A project like Central Place really changes the neighborhood,” Rosslyn Business Improvement District President Mary-Claire Burick said. “I can tell you, this is what our community wants. We really want a place to hang out and congregate.”

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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