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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 the lotto, you don't know what you will receive until the results come in.
In order to help bridge the gap to the unknown you can estimate your financial aid using calculators. Why use a calculator? Calculating your Expected Family Contribution (EFC) is a difficult process on its own and takes 51 steps to compute using the government's formula, then you have to subtract out the additional items that the CSS Profile asks as a part of the institutional methodology in order to estimate your potential financial aid package! Oy! That's a lot of work.
If other forms of financial aid are exhausted, such as scholarships and grants, then you can use loans to cover the remainder of your Cost of Admission (COA). On our website we discussed the Loan Borrowing Order: Federal Perkins Loan - 5% Federal Subsidized Stafford Loan - 4.29% (No interest while attending university) Federal Unsubsidized Stafford Loan - 4.29% (Accrues interest while attending university) PLUS Loan - 6.84% Alternative Student Loans - Based on credit (typically a higher rate than federal loans) When you are down to your last option, alternative student loans, there are lots of important things to keep in… Read more here!
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!
The CSS Profile stands for the College Scholarship Service Profile.. It is an online application offered by the College Board for nonfederal financial aid. The CSS Profile is used by almost 300 colleges, universities, professional schools, scholarship programs, and scholarships. Similar to the FAFSA, this application considers student and parent financial information in order to signify how much nonfederal financial aid the student is elibigle.However, the information you’ll need to provide for the CSS Profile is much more in depth than the FAFSA. Also dissimilar to the FAFSA, this application is not free. The CSS Profile has a $9 base Fee and it… 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!
The FAFSA helps provide funding for eligible students to make college more affordable. Filling out the FAFSA correctly and completely is of the utmost importance to be considered for substantial financial aid. WIth the FAFSA deadline quickly approaching (June 30th), it is imperative that all necessary adjustments, or corrections, are made. While going through your FAFSA with a fine-tooth comb, keep the following quick tips in mind: Federal Deadline for FAFSA Corrections is June 30th, 2016 You use your FSA ID to log in to your account, then click Make FAFSA Corrections to begin the editing process Check and make sure your… Read more here!
Going back to school shopping for yourself may not have been what you thought you’d be doing 20 years ago. But, with the ever changing job market there has been a drastic increase in adults returning to school to complete a wide variety of degrees. Some things have changed since the last time you attended class - one of the most notable changes being the ever-rising cost of tuition. However, one thing has remained constant, that financial aid is available to help make college affordable. In fact, there are more financial aid options available to you than your younger counterparts.… Read more here!
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Missing the FAFSA Deadline So you missed the FAFSA deadline. What now? First, deep breath. Second, keep reading. Affording college seems out of reach, but have no fear because there are more opportunities for you to get money for college. In order to make sure that you do not miss out on federal aid next year, make sure that you partner with Go Financial Aid and fill out the FAFSA on time and correctly. Scholarships There are a multitude of scholarships available for students to help afford college. There are scholarships based on your unique interests, field of study, minority… Read more here!