Category description: Information about preparing for college and financial planning.
Category College Planning in our Blog
College is a serious financial undertaking. At first glance college can look like an unaffordable venture. However, there are multiple vehicles that can help you attend your goal institution without fear of not being able to afford it. These vehicles include scholarships, grants, and student loans. Despite the existence of financial aid, the anxiety of affording school can afflict students and their families up until the summer as they wait for their financial aid packages to be released! Applying for student aid through FAFSA and the CSS Profile is like playing the lottery - except everybody is a winner. Like… Read more here!
Early Decision and Early Acceptance Early Decision and Early Acceptance plans are two avenues that can get high school students into their top school. Applicants who apply earlier have a higher chance of being accepted to their chosen institution. Early applications can help students get into reach schools like Stanford University (CA), Boston College (MA) and Yale University (CT) amongst other top institutions in throughout the country. Sounds pretty good, right? Before starting your early application process make sure to consider the following: There is a difference between Early Decision and Early Acceptance Plans Early Decision applications are “binding,” meaning… Read more here!
10 Dorm Supplies You Didn't Know You Needed Bedside Caddy Use a bedside caddy to keep important supplies nice and close by. Hide your remote, favorite read, or wahtever you want at arms length at all times! Backrest Pillow Backrest Pillows, Husband Pillows, Bedrest Pillows, or wahtever you call them! When desks get cramped and chairs just do not give you the comfort you require while reading a textbook, writing a scholarship essay, or applying for the FAFSA, this type of pillow is a must for your dorm room! Comfortable and supportive, they leave you without neckpain during a cram session. … Read more here!
As our previous blog post stated, even if you are not 18 yet, it is never too early to start building your credit. Having a good credit score is critical in today’s society even as a student. Credit is the final determinant of whether you are approved for a loan, what interest rates you are approved for, and your ability to rent an apartment if you move off campus. One of the easiest ways to start building your credit history is to get a credit card. If you are under 18 then you will need a parent to help you in… Read more here!
Scholarship Tips and Tricks: Advice from a Scholarship Winner Summertime is great. It's a time for freedom, a time to ease up on your academic course load, and a time for you to generate some money for college. Summer is an ideal time to apply for scholarships, to avoid having to take out educational loans for the school year. "Scholarship" brings both a sense of optimisn and an overwhelmingly daunting feeling for students. Everyone wants a scholarship, but due to the time involvement and their competitive nature, they can be discouraging. With such a competitive environment, how can you ensure that… Read more here!
You may be thinking: “I’m not 18, so I can’t even start building my credit” or “I’ll just worry about my credit when I’m ready to take out a loan for a car or a house.” There are many misconceptions with how credit scores work, and I advise everyone to get their credit started and straightened out while they are still young. What is a credit score and who checks it? A credit score is a numerical value given to an individual, which represents their likelihood of paying back debts. Lenders do credit checks to decide whether or not to… Read more here!
Cost is a factor for most people in deciding where to go to school, but with your financial aid package, you could end up paying far below sticker price. The equation used to calculate financial need is: COA-EFC=Financial Need. COA (cost of attendance) is the summation of all expected yearly expenses of attending of attending a particular college or university. COA includes tuition, room, board, books/supplies, transportation and other personal expenses. EFC (expected family contribution) is the amount your family is expected to contribute toward your education based off of your family’s financial strength, and it is calculated by filling… Read more here!
College acceptance letters are slowly starting to trickle in. Some of you may have already gotten a few. As March draws to a close, more and more of these acceptances will be coming in, causing a whirlwind of anxiety for many students. It's also a very exciting time. But college acceptance isn't all about the "Congratulations!" letters. Families also must be concerned with financing education. So, as those acceptance roll in, rememeber a few things: Compare costs. Sticker price of individual schools is just that--a sticker price. Many higher cost schools make up for the high tuition rate by offering… 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!
With financial aid season well underway, we want to make sure that all of you have the resources needed to make this complicated process as seamless as possible. For those of you who've submitted the FAFSA: congrats! Those who have not yet submitted their FAFSA have a variety of tools still at their disposal, and we'll talk about them here. As you probably know already, some indispensable references for financial aid help are both financial aid consultants and the FAFSA website. Further information is available to students from specific schools, however, in the form of financial aid workshops and seminars. … Read more here!