Financial Aid

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FAFSA: Your Gateway to Financial Aid

There’s no question that the month of January is the month to complete the FAFSA (the Free Application for Federal Student Aid). Equally, there’s no question that the FAFSA is the gateway to billions of dollars of financial aid. With that in mind, its imperative the FAFSA form be submitted correctly. But, depending upon the…

Top 10 FAFSA Mistakes to Avoid

Are you ready to file your Free Application for Federal Student Aid (FAFSA)? Because the government and colleges give aid on a first come, first serve basis, it’s important to be submit as early as possible. Unfortunately a mistake on your FAFSA can delay processing for weeks, moving your application behind the countless others that…

Asset Shifting as a Financial Aid Strategy

Is Asset Shifting a feasible financial aid strategy when it comes to your son or daughter’s college education? Although it’s not used frequently, in some situations this can be a valuable strategy. Asset Shifting is when you move liquid assets around to increase your need-based eligibility. There are a few steps you need to take…

How to Get an Athletic Scholarship

Does your student have athletic ability? Do you think he or she might have a chance at an athletic scholarship? If so, it’s extremely important to do your homework. Here are 7 tips to find out if an athletic scholarship is right for your child: Start early. The National Collegiate Athletic Association’s (NCAA) eligibility rules begin…

Top 8 Financial Aid Planning Tips

We all know college can be expensive. How can you begin preparing for your child’s education now? Texas A&M University offers a lot of great financial aid planning tips for parents on their site. Here are 8 of my favorites: Create a college savings plan. Your greatest asset is time. The sooner you start saving…

Federal Student Loan Default Rates: What You Need to Know

It’s no secret this is a tough economy for recent college graduates. Jobs are scarce and tuition costs are high. In fact, according to the Department of Education (ED) federal student loan default rates climbed to 8.8 percent in 2009, the most recent year for which data is available. This marks the fourth year in…