All Questions & Answers Articles

Is it possible to defer your student loans?
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Can I Defer My Student Loans?

When you take a student loan, you will be given a loan repayment schedule that states how and when you will have to pay back the loan and interest. Most lenders do include a grace period after graduation to give you some time to get a job and get on your feet before you have …
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What is a TEACH Grant?

While you’re filling out the Free Application for Federal Student Aid (FASFA), you may have seen the TEACH Grant name tossed around a bit. What exactly is it? And more importantly, do you qualify? What is it? The TEACH Grant, which stands for The Teacher Education Assistance for College and Higher Education, is for students …
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What Is A CSS Financial Profile?

While applying for financial aid or filling out college applications, you may have heard of the CSS Financial Profile (or CSS Profile). It is an online application much like the Free Application for Federal Student Aid (FASFA). However, not every freshman will have to complete the CSS Profile, so what exactly is it? What is …
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EFC: Is That What You’ll Actually Pay?

According to a few recent studies, students are more worried than ever about the hefty price tag stuck on a four-year education. Nearly 9 in 10 students described financial aid as either “extremely” or “very” necessary for them to make it through college, and about 70% of students said they feel stress about their personal …
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How Are Scholarship Winners Determined?

You put a lot of time and effort into crafting a scholarship application. You likely create and submit dozens in order to help fund your college education. But have you ever wondered what it’s like to be on the other end of a scholarship application? What do scholarship sponsors go through to pick a winner? …
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What is the Federal TRIO Program?

Out of all the programs available to students, one you may not have heard of is the Federal TRIO Program. Here’s a quick rundown on what this service entails: What Is It? The Federal TRIO Program is actually made up of eight individual programs, each set up to identify, assist, and provide services to those …
A pink piggy bank with three coins above it, and text that says "credit unions."
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What is a College Credit Union?

I’m sure that, at this point, you know all the stereotypes of the college financial experience. Scrimping and saving, eating ramen three times a day, and generally having no extra cash to your name. While these events are a reality for many students, there are institutions available to make your life at university a bit …
What does Estimated Family Contribution (EFC) mean?
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What is Estimated Family Contribution (EFC)?

The Estimated Family Contribution or EFC is a calculated measure of your family’s financial strength. It is an index number that colleges use to determine your eligibility for different need-based financial aid programs. What EFC is NOT: Your EFC is not an indication of the amount you or your family are liable to pay towards …
How is the EFC calculated
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How Is EFC Calculated Exactly?

EFC (click here to check out more acronyms) or Estimated Family Contribution is calculated using the information that you provide on your Free Application for Federal Student Aid (FAFSA and CSS) application. The calculation is done according to a formula established by the U. S. Department of Education’s Federal Methodology Calculation. It takes into account the …