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.
It’s FAFSA season–and if you haven’t completed your Free Application for Federal Student Aid, now’s the time to do it.
This new infographic from CampusLogic shows some interesting facts about the FAFSA that might surprise you.
It’s a common myth that financial aid is only for low-income students, and if you make too much money, you have no chance of receiving financial aid.
But according to a recent analysis by Slate, this couldn’t be further from the truth.
In fact, both public and private colleges award financial aid to a significant percentage of middle-class students.
While college is extremely expensive, there’s a lot of free money out there going unclaimed.
In fact, according to a new analysis by NerdScholar, U.S. high school graduates left over $2.9 billion in free federal grant money on the table last academic year.
How’d they miss out on the free money?
They didn’t fill out the Free Application for Federal Student Aid (FAFSA).
Applying for financial aid can get confusing.
It can be difficult for families to keep track of all the different types of financial aid available, from grants to student loans.
But this helpful infographic from Southern New Hampshire University makes it a bit easier.
If you have a child in college this coming year, it’s time to start filling out the Free Application for Federal Student Aid (FAFSA) at fafsa.gov.
When completing the application, it’s important to make sure you’re not making any major mistakes that could jeopardize your student’s chances of receiving financial aid.
Check out the infographic from TurboTax to find out 6 most common mistakes people make on the FAFSA so that you can maximize your chance of receiving grants, work-study, and other forms of financial aid to help pay for college.
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.
As college costs have risen significantly faster than the cost of other goods and life purchases over the past two decades, many have questioned how colleges can justify the increased burden on students and families. While financial aid has increased to help students afford college and programs such as Income-Based Student Loan repayment have been touted […]
While the government claims to be working to make college more affordable for students, actions speak louder than words.
The House of Representatives voted last week to cut $303 million from the federal Pell Grant program–a program that provides low-income students with grants for college.
While colleges have raised their costs rapidly over the past two decades, only around 20% to 40% of funding for public and private schools comes from tuition and fees, according to Open Source radio.
Colleges also receive money from states, government grants and contracts, research, hospital revenue, and other sources. And colleges with big sports programs can bring in millions of dollars each year form these programs.
But all of this pales in comparison to money raised from college endowments, according to Personal Finance CheatSheet.