Am I Eligible For Work Study Programs?

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?

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?

“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. …

What Counts As An “Asset” On The FAFSA?

When you file the FAFSA application, you will have to submit details about the money and other assets that you and your parents have. This allows schools and the federal government to determine how much you and your family can afford to pay and how much you will get by way of grants, loans or …

Can You Apply For Too Many Scholarships?

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 …

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 …

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 …

Is There Any Way To Switch Your Student Loan Servicer?

When you take a federal student loan, it is generally handled by a loan servicer who manages the loan and answers any questions you might have. This loan servicer is assigned to you. You cannot choose one neither can you switch the servicer assigned to manage your loan. In most cases it does not matter …