All Questions & Answers Articles

Short answer: YES! Longer answer: Regardless of your Estimated Family Contribution (EFC) everyone should file the FAFSA. The FAFSA enables students to measure their financial need, and become eligible for federal grants and scholarships, work study programs, and federal student loans. Always Always Always File the FAFSA Many students and their families don’t bother filing …

The FAFSA is a form that determines your financial need, allowing you to be eligible for federal financial aid. However, you may come across some merit-based scholarships—awards based on talent, academics, hobbies, ethnicity, etc—still require you to file the FAFSA. Why? Limited Financial Aid Available If you’re applying for merit aid, why would you also …

All your financial and personal details that you submit to your FAFSA must be accurate when you submit it. However, anything can happen from the time you submit the FAFSA to when you receive your financial aid package. Luckily, the FAFSA takes this into account and made provisions for these exact situations. Financial Changes If …

A large number of families across the U.S. have trouble paying up the entire amount of their children’s tuition from their private funds—and they aren’t really expected to. Families turn to financial aid. This is usually in the form of federal student loans, scholarships, grants, and even private student loans. Estimated Family Contribution (EFC) is …

Knowing how to go about getting a federal student loan is a crucial step in the college application process. College tuition fees are out of reach of most families in America. The only way most families can afford to send their children to college is by taking some type of loan. When it comes to …

Entrance counseling for student loans is a mandatory counseling session. Students are required to complete it before they can access the federal student loan that has been allocated to them. You will have to complete this counseling session this if this is the first time you are applying for Direct Subsidized or Direct Unsubsidized Loans. …

Getting a full-ride scholarship is a dream come true for any student, regardless of their financial background. A full-ride is essentially a scholarship that covers all college-related expenses, including tuition, textbooks, housing, and other costs associated with attending college. With a scholarship of this type, you don’t pay a cent towards your education, and you …

If you’ve just started filling out applications for loans or you’re receiving loan offers and you’re not quite sure what to choose, it’s important to know the differences between a federal and private student loan. Here are just a few examples of how they differ: Private Student Loans May Require Earlier Payment When it comes to …