Tagged with federal financial aid in our Blog
Change is on the horizon, and it has some folks concerned. In July of this year, federal financial aid is getting a facelift. What’s scary for some is that the rules are changing, which is an effort to reduce government spending.Let’s get a breakdown of major changes… Education level and financial aid Right now, students who did not graduate from high school or obtain a GED are able to move on to college level courses of study via specialized exams. Alternatively, they may take 6 college credits to be deemed ready for full college study and receive financial aid. Come… Read more here!
Hey there. Okay, you’ve gone through your finances for school, and you realize: student loans are going to be a necessary evil. It’s okay, we’ve all been there. And it doesn’t have to be so bad! The best thing you can do for yourself when dealing with financial aid is to get educated. That’s why you’re here, right? Good. You may wonder, “I know I have to take out some loans, but which are the best student loans?” Well, if you’ve visited the blog before, you’ll note that both the Stafford and Perkins Loans come up a lot. This entry… Read more here!
What is EFC? If EFC means nothing to you, chances are you have not filled out a FAFSA application yet. Anyone who fills out a FAFSA application will receive an EFC score. EFC stands for Expected Family Contribution. In short, EFC determines whether or not you are eligible for federal financial aid. The EFC number you receive upon completing the FAFSA form is the amount of money a family can expect to contribute to their child’s post secondary education. The Department of Education then subtracts the EFC from the student’s cost of attending college and that number represents a student’s… Read more here!