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GO FIGURE: Another Senate race with record money

BILL BARROW
Associated Press

The 2014 political spending spree continues, but it’s not exactly a bargain for investors.

Mississippi’s Republican Senate primary between six-term incumbent Thad Cochran and challenger Chris McDaniel attracted massive sums of campaign cash that could come to more than $40 per vote amid low primary turnout in the relatively small state.

That’s at least a third more than the $29 per vote spent on a high-profile Republican Senate primary in Georgia last month, and it more than doubles the 2012 presidential election cost of $17.27 per general election ballot.

Going into Tuesday’s voting, the total spending in Mississippi exceeded $12.4 million. With 99 percent of precincts reporting, it appeared the total ballot count would fall short of 300,000.

That would mean a per-vote rate no cheaper than $41. It comes to about $4.14 for each of Mississippi’s 3 million residents.

As a comparison, the 2012 presidential contest between Barack Obama and Mitt Romney cost $7.13 per U.S. resident.

That Georgia race involved five major candidates. In Mississippi, Cochran and McDaniel are the only major players, but the race is a national proxy war between tea party conservatives backing McDaniel and establishment Republicans backing Cochran. McDaniel hails from the unofficial tea party caucus of the Mississippi Legislature. Cochran is the former Senate Appropriations chairman who likes to remind voters how much federal largesse he’s brought back home during his 41 years on Capitol Hill, more than 35 of it in the Senate.

By the time polls opened in Mississippi, third-party groups — the Super PACs that spend money independent of the campaigns — had pumped about $8.4 million into the race — $7 million of it on television advertising. That’s on top of $3 million spent by Cochran’s campaign and $1 million from McDaniel.

According to Federal Election Commission records, only Senate races in Massachusetts (with more than 6.5 million residents and an expensive media market in Boston) and North Carolina (about 9.5 million residents) have attracted more independent spending than the Cochran-McDaniel race.

The list in Mississippi is a Who’s Who of the national battle lines between the tea party and traditional Washington powers.

Club for Growth was the biggest spender, pumping in at least $2.24 million — $1.17 per registered voter — on McDaniel’s behalf. He also got more than $1 million from the Senate Conservatives Fund and its political action committee, $650,000 from Tea Party Patriots and a combined $570,000 from FreedomWorks and Citizens United.

Cochran’s largest benefactor was the “Mississippi Conservatives” SuperPAC started especially for his tough re-election battle. Run by Henry Barbour, the nephew of former national GOP chairman and two-term Mississippi Gov. Haley Barbour, the PAC spent more than $1.6 million. The U.S. Chamber of Commerce, which is spending millions nationally fighting tea party candidates, chipped in $500,000 for an ad opposing McDaniel.

The race wasn’t all big spenders, though.

The Human Society reported four separate expenditures of staff time on Cochran’s behalf. The grand total came to $99.67 — or about a penny for every 300 Mississippi residents.

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Follow Barrow on Twitter @BillBarrowAP.

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

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. 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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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