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Posts in category Financing

Why You Should Apply for Financial Aid, Even if You Can Afford College

Why You Should Apply for Financial Aid, Even if You Can Afford College
As you already know, college is expensive! Many families across the country are kept awake at night struggling to figure out how they will afford to put their kids through college. If you are one of the lucky few that are financially secure for such an expenditure, you may be certain that you will not qualify for financial aid. You may ask yo [...]

Private Loan Options

  Whenever the news examines college funding in America, you can bet the topic of student loan debt will be front and center. While it is impossible to trivialize a 1 TRILLION dollar problem, issues with parents going into debt seems to garner far less attention. In reality, many students can only borrow a limited amount for college [...]

Financial Aid Award Negotiations Tips

We have put together three quick tips to help you understand financial aid award negotiations. Tip #1: Understand the Principle Terms for Negotiation Before a negotiation can take place, it is first necessary to review the SAR or Student Aid Report which indicates the EFC or Expected Family Contribution. This number when coupled with the scho [...]

The CSS Profile

  Step into any lecture on financial aid for college or even college financial aid offices themselves and the following will likely occur: The acronym FAFSA will be pronounced in ten different ways. The FAFSA, which stands for the Free Application for Federal Student Aid, is the federal formula designed to determine the Expected Famil [...]

The 568 Presidents’ Group

  Colleges come in all shapes and sizes with populations that mirror all facets of our great country. Each university brings something unique to the table but some universities view themselves differently than all the rest. In the college world, the exclusive 568 Presidents Group are a group of school’s that march to a beat of a diffe [...]

Federal Loan Programs

  America is a melting pot in which individuals from various races and ethnicities come together to form our great country. While we all have our own customs, traditions and problems, one commonality unites us all: We borrow a considerable amount of money for college! One way to borrow for college is through federal loans that are off [...]

The Pell Grant Myth

  I have a statistic for you: 94% of families think the college process is extremely difficult. Do you buy it? Well, it may actually be close to accurate but like many of the stats out there, it is made up. Clever, right? The college process is filled with inaccurate information and it is imperative to be able to tell the difference [...]

Introducing The WUE Program

  Some say that the west coast is the best coast but we don’t discriminate. When it comes to saving for college though, some of our friends out west do get to enjoy an exciting advantage over the rest of the country. While reciprocity or tuition discounts for neighboring states is not specific to the west coast, the Western Undergrad [...]

EFC: The Basics

  In the college world, the term Expected Family Contribution would seem to have an obvious definition. Logically, one would think the Expected Family Contribution or EFC would signify what a family can actually afford to pay for school. Yet, this could not be further from the truth. The EFC itself is just a starting point. Let’s beg [...]

Two Common Pell Grant Myths Explained

Two Common Pell Grant Myths Explained
Statistics can be awfully misleading. Consider the fact that the average Pell Grant appropriation has increased over 300% since the program started in the mid 1970’s. Sounds terrific doesn’t it? In theory it might, except for the fact that the cost of tuition and room and board in that same span has increased over 600%! We could [...]

EFC: Deductible or True Cost?

On the surface, the term “Expected Family Contribution,” seems to have an obvious definition. Logically, one would think the Expected Family Contribution or EFC would signify what a family can afford to pay for school. Thus, it would appear that the EFC would represent a true cost for college and provide families a number to plan for. Howeve [...]

Myth of the Availability of Merit-Based Aid

College recruiters are in a sense like parents of small children. In order to get their children to behave, act in a certain manner or perform a sometimes very simple task, an award is offered. Take away the award and many children, through no fault of their own, are less likely to follow directions or put their best foot forward. College re [...]

Let’s Discuss The WUE Program

Let’s Discuss The WUE Program
With the outrageous cost of college these days, many families dread hearing the following: “Mom, Dad, I want to go to college out of state.” While private universities are also very expensive (the same in-state as out of state), with the additional merit based and need based aid available at many of these schools, it is the out of state unive [...]

Free Money vs. Loans: Am I Being Tricked?

Free Money vs. Loans: Am I Being Tricked?
On a frigid winter day with streets covered in snow and slush, a career as an auto mechanic might not sound appealing. Of course given the specific skill set needed to be an auto mechanic, this career may not appeal to many people even on a 95 degree island. One advantage however to being a mechanic is an advanced knowledge of cars, a subject [...]

Student Borrowing Increases Among Affluent

This story was written by By Janet Lorin and originally published on Bloomberg.com. Students from affluent families are taking out loans for college at twice the rate of two decades ago, the fasting-growing borrower’s group. Fifty percent of graduates in the class of 2012 whose parents had incomes of more than $125,700 left college with loans [...]

Understanding Federal Loans

Understanding Federal Loans
In the world of borrowing for college, we finally have some good news for families: The percentage of money borrowed to pay for college, as opposed to the amount of money paid out of pocket, has decreased by five percent! Here is an “exciting” snippet from the Wall Street Journal citing information from this year’s study by Sallie Mae and Ips [...]

Finding the Best Resource for Financial Aid Planning

Within our business, we constantly hear concerns from families about their struggles to fund the cost of college. Unfortunately, given the yearly increases to these brutal college prices, this difficulty will not soon go away. As in any difficult situation however, parents can ease their burden by understanding the value that comes from seeki [...]

The Cost of Travel for Students & Parents

For the Roberts family, the big day has finally arrived: Ralphie Roberts is moving into his dorm room! Ronald, Regina and little sister Rachel are feeling bittersweet about the experience. On one hand, they will miss Ralphie tremendously but on the other, they are thrilled that he is about to begin a new, crucial chapter in his life. After th [...]

Financial Aid: Going All In

In today’s world of distractions, parents have the dubious task of trying to focus young people with heads in smart phones, iPad’s and whatever else just came out yesterday. As new technologies evolve, the challenge becomes greater but ultimately it is parents that need to instill character-building qualities in their children. One important [...]

Free Money vs. Loans: Am I Being Tricked?

Free Money vs. Loans: Am I Being Tricked?
On a frigid winter day with streets covered in snow and slush, a career as an auto mechanic might not sound appealing. Of course given the specific skill set needed to be an auto mechanic, this career may not appeal to many people even on a 95 degree island. One advantage however to being a mechanic is an advanced knowledge of cars, a subject [...]

The College Process: Why so Challenging?

The College Process: Why so Challenging?
The following is a fictional conversation between a mother and her junior in high school daughter, but it may seem awfully familiar. Mother: Alright kiddo, it’s time to start discussing college so we can figure out how we are going to pay for your education. Student: But I’m not sure what I want to do or where I want to go, how am I supposed [...]

Finding the Best Resource for Financial Aid Planning

Finding the Best Resource for Financial Aid Planning
Within our business, we constantly hear concerns from families about their struggles to fund the cost of college. Unfortunately, given the yearly increases to these brutal college prices, this difficulty will not soon go away. As in any difficult situation however, parents can ease their burden by understanding the value that comes from seeki [...]

The Cost of Travel for Students & Parents

The Cost of Travel for Students & Parents
For the Roberts family, the big day has finally arrived: Ralphie Roberts is moving into his dorm room! Ronald, Regina and little sister Rachel are feeling bittersweet about the experience. On one hand, they will miss Ralphie tremendously but on the other, they are thrilled that he is about to begin a new, crucial chapter in his life. After th [...]

Financial Aid: Going All In

Financial Aid: Going All In
In today’s world of distractions, parents have the dubious task of trying to focus young people with heads in smart phones, iPad’s and whatever else just came out yesterday. As new technologies evolve, the challenge becomes greater but ultimately it is parents that need to instill character-building qualities in their children. One important [...]

Student Borrowing Increases Among Affluent

Student Borrowing Increases Among Affluent
This story was written by By Janet Lorin and originally published on Bloomberg.com. Students from affluent families are taking out loans for college at twice the rate of two decades ago, the fasting-growing borrower’s group. Fifty percent of graduates in the class of 2012 whose parents had incomes of more than $125,700 left college with loans [...]

Borrowing for School: Understanding Federal Loans

Borrowing for School: Understanding Federal Loans
In the world of borrowing for college, we finally have some good news for families: The percentage of money borrowed to pay for college, as opposed to the amount of money paid out of pocket, has decreased by five percent! Here is an “exciting” snippet from the Wall Street Journal citing information from this year’s study by Sallie Mae and Ips [...]