What is FAFSA?
What does it mean? The FAFSA is the Free Application for Federal Student Aid. This is the financial aid form that students must complete to become eligible for any federal college financial aid programs, including federal student loans and work study. Many states used it to distribute state-based financial aid. The majority of colleges require… Continue reading
What You Need to Know About Student Loans
What does it mean? A loan is money that you have to repay with interest. Students may find loans included as part of their financial aid award, usually federal. There are a variety of loans available for students. The federal government is the largest source of student loans. However, students can find student loans from… Continue reading
Cost of Attendance (COA): What You Need to Know
What does COA mean? COA stands for cost of attendance which is how much it will cost a student to attend a college for a year. This is not the same thing as what a college charges. It is a federally defined term that is meant to estimate how much students spend to complete a… 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
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