What Happens When You Miss the Financial Aid Deadline?
Nov04

What Happens When You Miss the Financial Aid Deadline?

Deadlines are critically important during college prep. Test deadlines, application deadlines, FAFSA deadlines and more can have far-reaching ramifications. Be smart and keep a calendar of all college deadlines.

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5 Parenting Lessons from “The Middle”
Oct28

5 Parenting Lessons from “The Middle”

If you’re in a middle-class family, it’s easy to relate to the Hecks of the television show “The Middle.” Here are five parenting lessons for parents of teens.

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Teachable Moments from the 2016 Presidential Election
Oct21

Teachable Moments from the 2016 Presidential Election

It doesn’t matter which side of the political aisle you are on in this Presidential election, your teen can learn some valuable lessons about life, responsibility and outcomes.

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What Are Your Scholarship Odds?
Oct07

What Are Your Scholarship Odds?

What are your scholarship odds when applying for college scholarships? If you apply for none, then your odds are ZERO. Applying is worth it!

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Think You Shouldn’t File a FAFSA? 8 Financial Aid Myths Keeping Money From Your Pocket
Sep30

Think You Shouldn’t File a FAFSA? 8 Financial Aid Myths Keeping Money From Your Pocket

by Suzanne Shafer, Parent Editor Starting tomorrow (October 1), students can file their FAFSA form and be first in line for financial aid. Misunderstandings about financial aid can lead to missed opportunities. According to a study last year by NerdScholar, high school graduates in the U.S. left more than $2.9 billion in free federal grant money unused over the last academic year. How is that even possible? According to the study, their only mistake was not completing the FAFSA. Here are 8 myths that might be preventing you from claiming money: Myth 1: It’s pointless to apply for financial aid if your family makes too much money. Reality: Annual income is important in the aid calculations, but so is the school’s price tag. Other factors, such as how many children are attending college, are taken into consideration. Additionally, colleges use the form to determine who gets their need-based and non-need-based merit aid. Myth 2: Financial aid offers are final with no room for negotiation. Reality: Policies on negotiating aid awards vary wildly between schools. You can often use other aid awards to ask for more money. Colleges will often compete with other institutions where aid money is concerned. Many colleges are open to negotiation to fill their freshman class. RELATED: Choosing a College for All the Wrong Reasons Myth 3: Saving too much money disqualifies families from financial aid. Reality: Less than 4% of families who apply for financial aid are penalized for their savings. The aid formulas build in asset protection, ignoring retirement savings and home ownership when looking at total assets. Myth 4: Only students with the best grades qualify for financial aid. Reality: Most financial aid is need-based. A smaller portion is merit based. Myth 5: Student loans aren’t worth it. Reality: Most students take out some federal student loans. But, be cautious in how much you borrow, especially when it comes to private student loans. Always choose the federal loans first. The interest rates and payment options are lower after graduation. Myth 6: Only rich kids attend the elite and expensive institutions. Reality:The higher the tuition, the easier it is to show financial need. Very few families end up paying a college’s sticker price. Parental income of students in private colleges is lower than that of students at large state universities. RELATED: Q&A with Paying for College Expert Sallie Mae Myth 7: College tuition is topping $30,000 a year these days. Reality: In-state tuition and fees at public 4-year colleges averages $4751 a year. In addition, 47% of full-time undergrads attend a four-year college that charge less than $9000 a year. And college bargains are everywhere; you just need to know...

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Don’t Believe the FAFSA Lies
Sep23

Don’t Believe the FAFSA Lies

Many are misinformed when it comes to the FAFSA. They believe that they make too much money to qualify for any kind of financial aid—and they decide not to file. That is the worst mistake you can make.

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