Tagged with education loans in our Blog
It seems a necessary evil that colleges are increasing their tuition these days. The economy is lean, costs of operating large institutions are up, etc. So it’s no wonder that each year we see a percentage hike in college costs. However, some universities have been creative in their methods of counterbalancing the increase. Some schools, such as Dartmouth, for example, have upped the income level required of student’s families to receive certain financial aid. In recent weeks, Dartmouth announced a change in its “no-loan financial aid threshold.” At present, the school does not give loans to families who have an… Read more here!
There are countless forms of academic financial aid provided by the federal and state governments, as well as a variety of organizations through the private sector. When looking to further your education, academic financial aid is the key to making college affordable. Very few people face a new chapter of their student careers prepared to pay everything up front. With a struggling economy and changing education laws, the total cost of education is, unfortunately, on the rise. A growing number of young Americans are even reconsidering attending a post secondary school due to these increasing costs that seem insurmountable. However,… Read more here!
After obtaining the amount of financial aid you need to attend the college or university of your choice, the next thing to be aware of down the road is how you plan on paying it off. Many people struggle with this part of the loan process, and end up getting in over their heads in debt. There are ways to prevent this, so don't scare yourself away from trying to get financial aid for fear of it racking up later on. This does NOT need to happen. Here are some tips to help you pay off the your federal aid: - Knowing how much money you… Read more here!
You've applied for aid, you've patiently waited, and now you have this letter you are desperately trying to decipher what it all means! Here are some helpful hints: Information your award letter will contain: a full explanation of the cost of attendance (all fees included) and the financial aid you can expect to be receiving in the form of federal aid, state aid, and scholarships. What does COA mean? Cost of Attendance. This the projected total cost of your college attendance. This includes tuition, fees, room and board, books, and transportation. Words to look for: If you see the words… Read more here!