What impact will my child’s savings have on federal student aid eligibility? If you have shifted significant resources into your children’s names to lessen your federal income tax burden, this could reduce your children’s financial aid eligibility. This includes prepaid tuition and the proceeds of 529 tuition savings plans. In the calculations for federal financial aid eligibility, the student’s savings are taxed at a much higher rate than those savings reports for parents. If you…
Start planning for financial aid early Finding the money you need to attend a two- or four-year institution or vocational/career college is a challenge,…
The best way to impress a financial aid counselor is to be prepared and do as much research as you can before meeting with…
In many cases, there will be red flags that should trigger you to look closer and help keep you from getting trapped in deception and disappointment.…
FAFSA Processor An organization contracted by the Department of Education to provide the means for a student to apply for federal student aid. The…
Ability to Benefit Colleges may or may not award federal aid to students without a high school or equivalency diploma, unless the student has…
The Federal Methodology (FM) is the formula used by the federal government to determine your Expected Family Contribution (EFC) for a Federal Pell Grant,…
On average, the student scholarships are worth $2,500 and are considered to be important and prestigious awards. Even students who apply but don’t win…
There are two main types of student scholarships you can receive based on your athletic ability: college scholarships for athletes and athletic-related scholarships sponsored…