Tag: expected family contribution

The 10 Colleges With the Most Generous Financial Aid

Posted on March 23rd, 2015

As college costs have risen, financial aid at most colleges hasn’t kept up, leaving students to make up the difference with loans.

According to Peterson’s, the average college only provides enough scholarships or grants to meet 70% of what low- and moderate-income students need to pay their college bill.

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What is the FAFSA and how does it work?

Posted on January 8th, 2015

How that January 1 has come and gone, it’s time for college-bound families to start filling out the Free Application for Federal Student Aid (FAFSA).

The video below from Censtible Student clearly explains the basics of the FAFSA, including what you need to file and how to fill it out.

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8 things to remember about the FAFSA & Financial Aid

Posted on January 6th, 2014

Getting ready to go to college or have a child who is? It’s time to fill out the Free Application for Federal Student Aid (FAFSA).

Many parents and students have misconceptions about what the FAFSA is and who should fill it out. Some families don’t bother because they assume they make too much money to qualify for federal aid.

But confusion about the FAFSA can cost you–you may lose out on financial aid, including grants, scholarships, and student loans.

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How divorce impacts college costs & financial aid

Posted on December 4th, 2013

"Researchers found that marital status was a significant determinant of how much parents contribute toward college expenses, even after taking into account factors like parents’ income and education." -- NY Times

It might seem unfair, but researchers from Rice University in Houston and the University of Wisconsin have found that martial status plays a significant role in college costs and financial aid. Students from families of divorce pay more According to a NY Times report and a study published in the Journal of Family Issues, college costs fall more […]

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Who should get financial aid?

Posted on November 11th, 2013

"Student aid forms and formulas are so complicated that they practically serve as obstacles to success, and for some of the truly daunted, even barriers to access." -- Mark Kantrowitz

How should financial aid be given out? How can we make college more affordable? How can student loans be improved? The NY Times recently explored these questions and more in a Room for Debate column. Simplifying financial aid The higher education professionals involved in the discussion emphasized the need for creative solutions to pay for […]

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Costs aren’t rising at private colleges

Posted on October 28th, 2013

Despite the recent hype over rising college costs, the net price of a private college education has remained the same over the past decade, according to a new study from The College Board published in the New York Times.

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Plan for college early to maximize financial aid

Posted on September 30th, 2013

This video from Reuters TV offers a year-by-year plan for high school students and their parents to help them prepare for college. It includes some great tips on saving for college and how to get the most financial aid possible.

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Generations of student loan debt

Posted on August 29th, 2013

We often hear about student debt as a problem for recent college graduates in their 20s and 30s. But it’s not just young adults who are struggling to pay back their loans. Their parents are suffering as well.

Americans ages 50-59 owe a combined $112 billion in student loans. That’s triple what they owed in 2005. Why the dramatic increase? Because many parents are taking out additional loans to pay for their children’s education, despite still paying off their own student loan debt.

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Decoding the language of financial aid

Posted on August 9th, 2013

Inside Higher Education published a great piece on understanding “financial aid speak” from college financial aid offices. To the average parent, it can feel like college financial aid representatives are speaking a whole different language.

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Will having a job reduce a student’s financial aid for college?

Posted on July 11th, 2013

Many prospective and current college students don’t realize that their income and assets are taken into account when they apply for financial aid, just like that of their parents. So should students be worried about earning too much money and receiving less financial aid if they have a job?

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