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 listed on your FAFSA will also get these comment codes attached to the … [Read more...] about What Is The Student Aid Report (SAR)?
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The number one reason people don't get financial aid is because they don't apply. Their neighbor, brother-in-law or friend told them not to bother, they make too much money. Financial aid uses a federal methodology to determine your family's EXPECTED FAMILY CONTRIBUTION (EFC). They consider income, but they also consider the number of people in the household, how many of those … [Read more...] about Here’s How to Get Student Financial Aid
If you are already attending college or are about to start in the fall, you no doubt realize just how expensive getting a higher education really is. Even if you choose a more frugal option such as attending your local community college and living at home with mom and dad, there are all sorts of little expenses that really pile up. The average cost of text books is $1,000 per … [Read more...] about 5 Ways to Find College Scholarships
Yesterday, we talked about whether or not paying for college should be the parents' responsibility. At the end of the post, I asked what you thought about cosigning a student loan. Is co-signing a great way for parents to help out their kids with the rising cost of college? Or is co-signing a slippery slope that does nothing but hinder both parties? Lots of financial experts … [Read more...] about Should Parents Co-sign a Student Loan?
A study by Cappex.com has found that students are more worried than ever about not only how they will pay for college – but whether they will be able to afford to pay off their student loans when they graduate. Two out of three high school seniors say they are “experiencing anxiety” about having to take out loans. Their anxiety is stemming directly from the continuing … [Read more...] about Students More Worried Than Ever about Student Loan Debt