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A male student is writing on a paper on the desk.
questions & answers

Why Do I have to Tell My College if I Earn an Outside Scholarship?

“Outside scholarships” are any scholarships you earn from external sources, basically anyone besides the federal government or the school itself. So why do you have to report outside scholarships to your school? It’s All About Financial Need When you earn outside scholarships, your financial need goes down—you now have additional money that you didn’t before. …
You'll be asked to list any assets you or your parents have, but what counts as an asset?
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What Counts As An “Asset” On The FAFSA?

When filing the FAFSA, you and your parents have to report certain assets Your assets are used to calculate how much need-based federal aid you are eligible for The FAFSA will verify your assets before calculating your eligibility To qualify for federal financial aid for college, you have to fill out the FAFSA (Free Application …
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questions & answers

Can You Apply For Too Many Scholarships?

You cannot apply to too many scholarships for college. While it is possible to win too many college scholarships, this issue is extremely rare. If you receive too many financial awards designed for tuition, students should reach out to their financial aid department and the scholarship provider regarding the next steps. Can You Apply to …
government loans
questions & answers

What Do You Do If You See an Error on Your FAFSA?

We all make mistakes. Thankfully, some of them are correctable! That’s true for a number of errors you may make on your FAFSA. If you notice any mistakes on your Free Application for Federal Student Aid after you’ve submitted it, here are some steps to take. Make a Correction Making corrections for your FAFSA is …
Overlay text "Update" against grey and blue with a circular arrow background.
questions & answers

When Should I Update My FAFSA?

When filling in the FAFSA, the information you enter has to be correct when you submit the form. However, FAFSA administrators are aware that that information could change at any time and have made provisions for applicants to change certain details. You must update your FAFSA if there are any changes in any of these …
Coins super close-up.
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Is There Any Way To Attend College Tuition-Free?

Tuition free education seems like a tall order, an impossible dream. Reading about student loan debt is common. The more you read about it, the more it seems like all students who attend college take huge loans and graduate with massive debt. Unfortunately, what goes unmentioned is the number of students who attend college tuition-free …
An extended repayment plan lets borrowers pay less every month and extend the time spent repaying.
questions & answers

What Is An Extended Repayment Plan?

Federal student loans give borrowers several different repayment options to make it easier for them to pay back their loans. One such option is the extended repayment plan. This plan allows borrowers to make lower payments every month by extending the tenure of the loan from the standard plan of 10 years to up to …