Few students can afford the high price of college without financial aid. So for prospective college students and families, it’s crucial to know which schools award the most aid before applying to college.
The Princeton Review recently ranked colleges based on students’ ratings of overall satisfaction with their financial aid packages at the 384 best colleges in the U.S. According to their analysis, these are the best colleges for financial aid in 2018:
Most people understand that student loans come with interest — which can add several thousand dollars onto the life of the loan, especially if you extend out your payments.
But many people don’t realize that federal student loans also come with origination fees, much like mortgages or car loans, which can add significantly to student debt totals.
It seems there’s a light at the end of the college cost tunnel.
While college costs are higher than they’ve ever been (and continuing to rise), the yearly increases are, finally, slowing down, according to new data from the Labor Department.
The department found that over the past 12 months, tuition rose by just 1.9 percent–the lowest rate since before 2007, StudentLoanHero notes.
Many of our clients have been asking about the new Excelsior Scholarship program, which will provide free tuition at in-state public colleges for New York state students if their family meets certain income requirements.
While it may sound too good to be true, there are a lot of important details and things you need to keep in mind when considering the program. Read these important FAQs about the program, and contact us if you want personalized help figuring out whether it is a good option for your family.
We write often about the importance of applying for financial aid, even if you don’t think you’re qualified to receive it.
But a new study from the National Center for Education Statistics (NCES) found that 1 in 5 students don’t apply for financial aid at all.
Millennials may hear their parents reminisce about putting themselves through college by working a summer job and part-time during the school year, but those days are long gone, NPR reports.
NPR broke down the costs of attending college in 1981-82 and how much students would have to work in order to cover their expenses that year. They then compared this to how much students would need to work to pay for college today with a minimum wage part-time or summer job, and the results are striking.
Many students and families assume that the more expensive a college is, the more prestigious and the higher its quality.
This leads some families to overpay for college under the assumption that there is a positive correlation between price and education quality.
But a recent report from Third Way found that that’s not the case.
In fact, they found the lowest-ranked colleges charged low- and moderate-income students more than higher-ranked schools.