Student loans are a wonderful and useful tool that you can use to support your college education. The problem is, many students and parents are borrowing to fill in their lifestyle gap and that is not what it was meant to do. Do not borrow more than you absolutely NEED to go to college. On [...]
This is a question that many students have a most do not like the answer. The federal government considers you a dependent student until the age of 24. Financial aid was designed to fill the gap between what the federal government expects the family to contribute (EFC) toward the students’ education. Reality may often be [...]
If you are taking summer classes at a college, check with their financial aid office and make sure you follow the process if you want to get financial aid. There are multiple ways you could get financial aid for this summer session. First, the federal government instituted a new Two Pell in a Year program [...]
According to US News & World Report, half of all college students are expected to receive scholarships – AKA "FREE MONEY" – to help pay for college in 2011-2012. Now, the story in US News made it seem like there was a shortage of scholarships since it’s "only" 50%. That may well be true. But [...]
For high school seniors, spring is a nerve-racking season to walk to your mailbox! First, there is the much anticipated acceptance letter. But even more important, there is your financial aid award letter. If you completed the FAFSA and applied for financial aid for the 2011-2012 year, you should be getting your financial aid award [...]
The U.S. Congress is struggling to agree on the budget and whatever state you live in is struggling too. One of the big problems is that much of the fluff has already been cut and there are not a lot of discretionary areas to reduce spending. Education is one of the targets. How does that [...]
If you have completed the Free Application for Federal Student Aid (FAFSA) you will soon receive a Student Aid Report (SAR) in your email inbox. Take a few minutes to look at it. The Department of Ed will put Comment Codes on your SAR with a brief description of what you need to do. The colleges you [...]
