Filing for Financial Aid

If you have applied for a college and were accepted, you might be wondering, now how do I pay for the next few years of my education. If you are like most students, you need help in the form of financial aid awards and loans to attend school. In order to receive help in these …

Financial Aid and How it is Determined

When you’re applying for college, you may also need to apply for financial aid. This process can seem very daunting, and you may be wondering how your eligibility for financial aid is determined from the information on your application. Your eligibility for financial aid depends on many factors that are used to determine how much …

Saving for College? Weighing the Options

Image credit (“© Tempest)  tempest.dk.   Saving for college can seem like a daunting task. If you’re a parent wanting to plan ahead for your child’s education, it’s important to weigh the options and see what works best for your financial situation. One common route for college savings is a 529 plan where money can …

What You Need to Know When Reviewing Financial Aid

You’ve been accepted to your choice college and the envelope arrives! If you already submitted your FASFA form, you will receive financial aid letters soon. When reviewing your financial aid award letter, make sure you know what you are accepting before you sign. A financial award letter is a letter or e-mail from the college(s) …

Back to School

It’s back-to-school time, and families and students should be thinking about higher education plans.  As parents, we need to help our children grow both academically and personally.  Here’s an overview of what students should be thinking about on their journey to higher education. High school seniors:  If you’re a senior and you haven’t yet immersed …

Death and Taxes

‘It’s a well-known saying, “the only two things that are certain are death and taxes.”  It’s important to consider that statement when faced with  the flood of information about how to maneuver around the formula used to determine if your student is going to receive need-based financial aid to hlep pay for college.  Most of …

What is Student Financial Aid?

  Simply put, student financial aid is funding to help the student pay for higher education.  Financial aid can be based on the family’s financial circumstance (Need-based) or the qualities of the student (Merit).  Financial aid can include grants, scholarships, work study and student loans.  As a general rule, merit aid is handled by the …

Reviewing Financial Aid Award Letters

Hopefully, next month (April), your high school senior will be accepted to three or four colleges and receive financial aid award letters from each stipulating what assistance is being offered. It is important to compare these offers as each will surely be different, and those that provide the most dollar assistance may, in fact, cost …