Sallie Mae and Gallup Poll released its 2016 annual study of how parents pay for college. Parents are helping more, using more of their own income and savings, while students are taking out more and larger amounts of student loans. Students are also working more, and two out of five of them are living at home to help keep costs under control. When all is said … [Read more...] about How Most Americans Pay for College
Federal Aid
Paying for College – Financing an Education Without Parental Help
The first thing to remember is that you are not alone. Students have been dealing with this reality for a long time. Do not assume that you won't qualify for aid since your parents earn over the eligibility mark. Always fill out the FAFSA no matter what. You may qualify for a Stafford Loan. It will be more difficult to try to get a large loan as a student but federal … [Read more...] about Paying for College – Financing an Education Without Parental Help
Finding Financial Aid for Graduate School
You may already be overwhelmed by undergraduate school loans to the point that you don't even want to think about graduate school but finding aid for graduate school can be done! How much financial aid will largely depend on what field you are going into. For instance, there are more assistantships and fellowships available to students who are pursuing a post secondary … [Read more...] about Finding Financial Aid for Graduate School
Most Important Financial Aid Questions
US News & World Report ran an interesting article last week about how to increase your chances of getting all the financial aid you need. According to the article, only 3% of U.S. colleges promise to meet the full financial needs of their income freshmen class, without them having to take out any loans. If your college is among the other 97% that aren't making that … [Read more...] about Most Important Financial Aid Questions
How to Read your Financial Aid Award Letter
If you applied for financial aid, you will receive or should soon have your financial aid award letters in hand. Most schools send them out the 1st of April, although the letters may trickle in throughout April and into early May. Unfortunately, there is not a uniform format that all schools follow, so comparing your offers may seem a bit daunting. Here's a quick rundown on … [Read more...] about How to Read your Financial Aid Award Letter