What If Your Parent Loses Their Job? How Does That Affect Financial Aid?

questions & answers

When you fill in the Free Application for Federal Student Aid (FAFSA), you have to provide detailed information about your family finances and assets as on the day you submit the application. Your Expected Family Contribution (EFC) and financial aid eligibility are calculated based on the information you provide. But what if something changes? What …

Am I Eligible For Work Study Programs?

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Work study programs allow undergrad and grad students to earn some money towards their college expenses. To be eligible for federal work study programs, you must meet the following three requirements: You must be enrolled in a full-time or part-time program in a college or an accredited vocational school that is a participant in the …

What is Institutional Aid?

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There are a lot of terms when it comes to financial aid and one that you may have heard is “institutional aid.” Here’s what you need to know about this form of aid. What is Institutional Aid? Institutional aid, unlike federal aid, is money from your college or university. It’s often available to incoming students, …

Why Do I Have to Notify My College if I Earn an Outside Scholarship?

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“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. …

Can You Apply For Too Many Scholarships?

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Many students hear that they should “apply to as many scholarships as they can,” which is solid advice! But what about the other end of the spectrum? Can you actually apply for too many scholarships? Is that a bad thing? Scholarships Affect Financial Aid This is sort of a “yes and no” answer. The problem …