Dangers of PLUS Loans
If you are a parent considering taking out a PLUS loan for your graduating high school senior to attend college, you are almost certainly making a mistake. The fact is that if you can’t afford a college without a PLUS loan, then the college is simply not affordable. Yes, this isn’t fair. It’s hard to… Continue reading
Scholarships: The Different Types and Largest Source
What does it mean? In the college financial aid world, scholarships are a form of gift aid, or free money, that you do not have to repay. The term “scholarship” is loosely used and can refer to money coming from different types of sources. Private scholarships are free money that is awarded by corporations, non-profits, community organizations, etc. –… Continue reading
6 Ways a Gap Year Can Save You Money
Gap years have become increasingly popular among graduating high school students. A gap year is when students delay starting college for year to pursue other interests. Generally, the students have already been accepted to a college and ask to defer their admissions for a year but it’s not necessary. Nor do students have to pay… Continue reading
What are College Grants?
What does it mean? College grants are a type of financial aid you do not have to repay. In simple terms, it’s free money to spend on college. They fall under the category of “gift aid.” How does it affect how much you pay for college? Obviously, the more grants you have, the less money… Continue reading
What Does It Mean To Be Wait Listed?
For a certain group of high school seniors, April is the cruelest month. Not for any of T.S. Elliot’s reasons but because they have been wait listed at their dream college. Many will spend the month frantically tracking down any and all possibilities for getting off the waitlist. They will agonize over their unknown chances… Continue reading