Why You Should Consider Going to a Small College
Simple-there are more of them. By considering a small college, you’ve just increased your possible college options by two thirds. There are a lot more small colleges than larger colleges. This has nothing to do with which are “better.” This has everything to do with paying less for college and the basics of supply and demand.
What is the PROFILE financial aid form?
What does it mean? The PROFILE’s full name is actually the CSS/Financial Aid PROFILE. The CSS stands for College Scholarship Service. It is a financial aid application administered by the College Board for non-federal financial aid. There are around 200 four-year undergraduate programs that use the PROFILE to award financial aid. Students who apply to schools that use the PROFILE financial aid form will still have to complete the FAFSA to qualify for federal aid.
The Importance of Researching & Comparing Student Loans
Paying for college can be an intimidating prospect, but there are a lot of options available that can help. Once your student has applied for all the scholarships and merit aid available, it’s time to consider other options for student loans. Because federal school loans have favorable policies, including lower interest rates, subsidized interest during school, and more, it’s a good idea to maximize those first. If your student still has financial needs, you may need to look at the private student loan market. The Importance of Research and Comparison While federal loans are standard and uniform, private loans vary a great deal. It’s extremely important to look at a variety of factors and to get information from more than one lender. When you have the information in your hands, you have th ...
Free Resource for Researching Majors and Related Jobs
For many students and families, the primary purpose of college is to get a good paying job on graduation. The reality is nobody wants to graduate and not be able to find a job that pays off their college debt while allowing a decent standard of living. A little research into the job market before applying to college could help students decide if the debt would be worth it.
What is a Student Aid Report?
What does it mean? The Student Aid Report (SAR) lists a student’s eligibility for federal student aid and summarizes the information submitted on the FAFSA application. Your eligibility is based on your Expected Family Contribution (EFC) which is calculated based on the information you submitted on the FAFSA. The SAR will also include your Data Release Number (DRN) which you’ll need to allow schools to add their code to your application.
Should you use a private college counselor?
For a certain portion of families going through the college admission process, private college counselors are a recognized part of the landscape. Many families consider hiring an Independent Education Consultant (IEC) as just another expense in applying to college. According to a survey of “students who scored in the 70th percentile or higher on the SAT (at least 1150 out of 1600) or ACT (a composite of at least 25)…, 26 percent admit to hiring an IEC to help them in their college search.”
What is college work-study?
What does it mean? Work-study refers to the federal financial aid program where students are employed in campus sponsored jobs. Their earnings are considered part of their financial aid award since half of it comes from federal funds. Jobs are available only to students who qualify by submitting the FAFSA. Some states and colleges have their own work-study programs which may have different requirements.
Athletic Scholarship Reality Check
I don’t know if you have heard, but there are eighth graders getting athletic scholarship offers from some pretty big name colleges. The future football quarterbacks get the most press but it’s happening in softball, basketball, and soccer and at ever younger ages. If you hear about this while driving your athlete to practice, you might start thinking that you’ve got the cost of college covered. With all the work your daughter puts in, surely she’ll manage to snag one of those scholarships you keep hearing about. Well it’s time for a reality check. Getting a college athletic scholarship is not a plan for paying for college.
What is need-based aid?
What does it mean? Need-based aid is financial aid that is awarded based on a student’s financial status. To qualify for federal and most college need-based aid, students must submit the Free Application for Federal Student Aid (FAFSA). The FAFSA calculates an Expected Family Contribution (EFC). A student’s financial need is the difference between the Cost of Attendance (COA) of a college and her EFC. Financial aid awarded to meet the difference is considered need-based aid.
The College Cost Gap – How Much is Your Gap?
As a parent, you hope you can find a way to pay for college. With college prices rising rapidly, how much college will cost has become a commonplace worry these days. To ease this concern, many parents believe that if their child works hard, gets good grades, and scores well on tests, they will get enough money from merit scholarships and private scholarships to cover most of their college costs. Unfortunately, that’s far from reality. Talking with parents in our Facebook group Paying for College 101, they say they are paying $50,000 to $100,000 or more for their child’s education, even after merit aid and scholarships. Here are reasons why even these savvier parents are having a hard time bridging the gap. Private Scholarships Can Offset Need Awards Parents and students are o ...