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Understanding How College Funding Works

College financial aid pays for the difference between what a school costs to attend and the amount a family will pay from their own money. College financial aid can be a mixture of scholarships, grants, fellowships, federal work-study jobs, tuition reductions or discounts, in addition to student and parent loans. Types of Funding Available  …

Federal Student Loan Interest Rates Going Up More Than 1% for 2022-23

Federal college loans are about to become more expensive. Federal student loan interest rates are increasing this summer by more than one percentage point. The new rates will take effect on July 1, 2022.  Federal Loan Interest Rates The Direct Subsidized Loans and Direct Unsubsidized Loans for undergraduate degrees will increase to 4.99 percent. Direct…

How to Design a College Funding Plan 

By designing a college funding plan, you can save money on your child’s education. If you earn a higher income, or if you have significant assets, that doesn’t mean you’ll have to pay a costly amount for a college education. It’s not too late to formulate a plan, even if your students are juniors, seniors,…

Guest Podcast: How Smart Parents Find the Right School for the Right Price

Guest blogger, Lisa Marker-Robbins, is the founder of Flourish Coaching. “Be smarter about slaying the college planning dragon!” is financial planner, Beth Walker’s advice to smart parents who want to preserve their wealth, limit college debt, or both. She joins the podcast to speak about the critical components required to begin college planning to help your student get…

What Exactly is Merit Aid, and are you Eligible?

You may have heard of merit aid, or merit scholarships. Maybe you heard that it helps pay for college, but do you know how it works or how to get it? Here is what you need to know about merit aid as your student prepares for college applications. Colleges grant merit aid scholarships to students…

Your Financial Aid Award Letter: How To Decipher Your True Cost of College.

Congratulations, you are finally receiving your college acceptance letters! Getting into college is a huge achievement and a big step into the next chapter of your life. After you enjoy that initial feeling of relief, expect another piece of the puzzle to arrive. Your financial aid award letter.  If you filed the Free Application for…