Archive February 2013 in our Blog
Most of you know by now that two key applications play crucial roles in financial aid: the CSS Profile and the FAFSA, each using their respective formulas to determine financial need. But did you know that there is a third formula? It's true; this formula is known as the Section 568 or Consensus formula. we don't hear very much about it because the Consensus is used by a very limited number of colleges and universities in the U.S. Let's talk about how the Consensus stacks up against the FAFSA and CSS Profile. Aspects of the Consensus that are Similar to … Read more here!
Traditionally, students attend college on campusand in a classroom setting. In recent years, however, online education has surged in popularity. This option provides access to college level work to adult students with busy lives, students wishing to save on college costs (i.e. housing) and just about anyone in between. So many of these schools are up and running and are indeed eligible to distribute financial aid to students. There is, however, yet another class of college-level learning: MOOCs. MOOCs, short for massive open online courses, are college-level classes which cater to up to thousands of students in one course. These… Read more here!
When students apply for financial aid, the final award is given by their college. Some of these funds are allocated by federal grant and loan programs for schools to give out, but universities must cover some things themselves. So, where do they get this extra money to hand out to students each year? Even still, what else do they use it for? There are a few things to talk about in this regard, so let's get to it. For one thing, did you know that your college has a fundraising or gift giving office? Many schools do, and the duty… Read more here!
With all of the hustle and bustle of both tax season and FAFSA filing, we tend to think that the FAFSA is the on and only financial aid form to concern ourselves with. That's not true for some, however. In addition to this staple of a financial aid document, other schools use unique financial aid applications as well as the CSS Profile. So, don't forget about the CSS Profile! A quick rundown, for those who might need the inside scoop on this document, goes something like this... The CSS Profile can, if you will, be thought of as the cousin… Read more here!
Hello! If you’ve visited this blog before, or just know deadlines like the back of your own hand, then it’s safe to assume that you know when the official FAFSA deadline is. For those who need a reminder, that date rolls around on June 30th. Now FAFSA season officially kicked off last month, and while FAFSA sets its own end-all deadline, be sure to follow the standards set by your individual school. More often than not, to better ensure that students receive aid, colleges require the FAFSA to be submitted before June. So, as a bonus for our PA-based readers,… Read more here!