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Which Colleges Offer the Most Merit Aid?

Hi Friend, It’s March, and spring is just around the corner!  If you have a high school senior, it’s getting close to college decision time. March is typically when high school seniors start to receive their college offers and May 1st has always been decision day! This year colleges will be receiving the FAFSA data…

A group of students lined on a lawn in front of a college.

Unlocking Opportunities: Colleges Offering the Most Merit Aid     

One of the biggest concerns for most college-bound students and their families when planning for college is the cost of attending. Fortunately, there are other options besides taking out student loans to help pay for a higher education. The two types of financial aid are need-based aid and merit aid. Need-based aid is awarded based on…

A college student contemplating her taxes.

Are Scholarships Taxable?

Hi Friend, Happy Valentine’s Day! February is an excellent month to treasure your loved ones and your family’s finances. Completing the Free Application for Federal Student Aid (FAFSA) is an important first step when figuring out how to pay for college. The new simplified 2024-25 FAFSA “soft launched” on Dec. 30 after a three-month delay and a…

Scholarships: Understanding the Tax Implications    

As tax season unfolds, it’s important for college students and recent graduates to organize their financial documents and understand their potential tax obligations, especially if they have received a scholarship in the past year. While scholarships are often perceived as “free money,” there are specific circumstances that may require reporting scholarships as taxable income.   Some…

The FAFSA Is Open!

Hi Friend, Happy New Year! The delayed soft launch opening of the FAFSA makes for a crunched timeline, so it’s important to submit the FAFSA as soon as possible – even if you don’t think you’ll qualify for aid.  The FAFSA is integral to unlocking need-based grants, work-study, federal student loans and institutional aid and scholarships. The FAFSA is open,…

Red envelope with stamp.

7 Tips for Navigating Financial Aid Award Letters  

Understanding and deciphering financial aid award letters is crucial for aspiring college students and their families when navigating the costs associated with higher education. Award letters outline the financial aid package offered by a college or university. These letters are often filled with intricate financial terms and unconventional abbreviations. To unravel financial aid award letters…