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 [...]
Posts in category Financing
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
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 [...]
