Tagged with student aid report in our Blog
Hello All! We told you recently in our last post that FAFSA season is now upon us. Hopefully, many of you have acted on this info and filed that application. If so, good for you. You’ll be some of the first students in line to receive maximum financial aid awards. Now that the hard part is over and that FAFSA has been sent in, you might wonder what happens next. So, let’s take a few minutes and talk about that. I’ve submitted my FAFSA…Now what? Once your FAFSA has been completed as thoroughly and accurately as possible and you’ve sent… Read more here!
You’ve been accepted to college, perhaps applied for financial aid (if not, we recommend reviewing the financial aid process) and now that the application madness has ceased, your head has stopped spinning long enough to wonder about a few things. For instance, “What should I expect from my financial aid package?” Well, let’s figure that out together. You may or may not know that the overall financial aid package consists of various aid types. For the sake of our discussion, we’ll talk about federal financial aid right now. After all, much of what people consider part of the financial aid… Read more here!
How Do I Get Financial Aid? Wow April is here (my Birthday month *woot*) and I have so many unanswered questions: Why do I still have allergies? Are little kids ever NOT sick? When's Rita's free ice cream day? And HOW DO I GET FINANCIAL AID?!?!? Well, I'm sad to say I only have one answer to those complicated questions, and that's HOW DO I GET FINANCIAL AID? If you have the answers to the other questions, you let me know, and I'll give you a internet high five. In the meantime, enjoy my answer... 1. Submit the FAFSA The… Read more here!
It is important for everyone to know the amount of financial aid they are able to receive from the school of their choice. After filling out the FAFSA, you will be sent a Student Aid Report (SAR) that indicates your EFC (Expected Family Contribution), which is determined based on the information you provided on the FAFSA itself. Many people may find themselves cringing at the thought of this number, which can be staggeringly high. However, don't forget that the FAFSA EFC is not the amount you are expected to pay for that particular school. The FAFSA EFC is used by… Read more here!
Now that you've seen and deciphered your Student Aid Report, you've realized you still don't have the funds to the attend the college of your dreams. Now what? You have a few options to consider, before reconsidering your number one school. 1. Begin a scholarship hunt. Scholarships are free money. Remember you can find scholarships that are awarded for athletics, academics, volunteering, background, etc. 2. Appeal your financial aid award. Contact the school and see if they can provide you with a more favorable financial aid package. This idea may seem far fetched to some, however if you are an… 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!
While deadlines vary from school to school, the financial aid process can be timely and confusing (especially for incoming freshmen) if you are not prepared. Here is a ballpark time line to consider when applying for financial aid. September through November: Gather all the documents you will need to complete financial aid forms. If you are not sure which ones you need check out our previous posts! Start looking for scholarships. Free money!! Meet with your guidance counselor, they can help lead you in the right direction when searching and applying for colleges. As well as, guide you in the… Read more here!
Academic Year- a time period of at least 30 weeks of class time. During this time a student is expected to complete at least 24 semester or trimester hours or a minimum of 36 quarter hours. Borrower- Person who receives a loan. Consolidation- a loan program were a borrower can combine various educational loans into one loan. This is done by extending the repayment period and making a single monthly payment. This can be a time period up to 30 years and can make the repayment process easier for borrowers. Deferment- a time period in which a borrower may postpone… Read more here!