All Financial Aid Articles

What You Should Know about Front-Loaded Financial Aid

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Many students rely on financial aid in order to attend college, but. While researching financial aid, you may have come across the term “front-loaded.” But what is it? Is it good or bad? Are there other options available? Here’s what you need to know about this front-loaded financial aid. What is Front-Loaded Financial Aid? Front-loaded …

How a 529 Plan Affects your FAFSA

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Calculating the amount of financial aid to award a student can be tricky. Many elements are connected and affect each other. One such example is 529 savings plans and the FAFSA. Your 529 plan affects your FAFSA and how much aid you can receive. Here’s a rundown of those details. What is a 529 Plan? …

Is There College Financial Aid For Homeschooled Students?

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Financial aid helps students pay for higher education. That includes students who studied at home. Homeschooling has come a long way since a few years ago in terms of college admissions as well as financial aid. Today, colleges welcome homeschool students as long as they meet the school’s eligibility criteria. As for financial aid for …

What is the Student Aid Index?

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The Student Aid Index is the number a college will use to determine how much financial aid you’re eligible for. It used to be known as the “Expected Family Contribution” or the EFC, but it recently underwent a name change. Here’s a rundown of why the change happened and how the Student Aid Index, or …

How To Overcome Financial Aid “Gapping”

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To make the cost of college more affordable, many schools offer financial aid packages to accepted students. These packages are customized for each student based on the information submitted through the FAFSA. Schools usually try and cover 100% of the student’s financial need through a mix of grants, scholarships, work study and loans. However, many …

What is the Difference Between an Offer Letter and an Acceptance Letter?

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‘Offer letter’ and ‘acceptance letter’ are two terms you will come across frequently while researching the college admission process. Many people use these terms interchangeably, which is not correct. An offer letter is not the same as an acceptance letter. Here are the vital distinctions between the two. What is an Acceptance Letter? An acceptance …

FAQs About College Offer Letters

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When you’re accepted into a college, they will put together a customized financial aid package for you. This is known as a college offer letter. Some colleges may call it a merit letter or financial aid award letter. Regardless of the exact name they use, all acceptance letters serve the same purpose. What’s included in an …

3 Critical Financial Aid Tips For High School Seniors

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Financial aid may be the last thing on your mind when you’re in high school. You’re already juggling a lot. But the sooner you understand how financial aid works, the better. Here are 3 critical financial aid tips for high school seniors. Why it’s So Important to Start Exploring Financial Aid in High School College …

When and How to Update Your FAFSA Information

Student updating their FAFSA online financial aid
The FAFSA is the form college students fill to get financial aid from the federal government. All personal and financial information that you fill in your form must be accurate at the time of submitting of your FAFSA. The federal government uses this information to calculate your EFC or Expected Family Contribution (EFC). Your EFC is …