Financial Aid

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March 2017 College Webinar

The Basics of the Federal Student Loan Debt Relief Plan  

The U.S. Department of Education announced the Federal Student Loan Debt Relief Plan on August 24, 2022. The debt relief plan has three main parts to it and many details, so here are the basics to help clarify the process.  The Last Extension of the Student Loan Repayment Pause   The final extension of the student…

5 Reasons Why You Should Always Apply for Financial Aid  

Many people think they make too much money to consider even applying for financial aid. It is a common misconception. This misconception is one I come across often with clients, as they think if they have a higher income, have saved up money for retirement and college, or they happen to own a home or…

Understanding How Financial Aid Calculators Work 

For all the seniors and parents who have been on the hunt for the information needed to complete the FAFSA and CSS Profile financial aid applications, you may have come across the idea of financial aid calculators. You might also be wondering what a financial aid calculator is and just how do they work?  There…

Financial Aid Piggy Bank

College Costs Will Double or Triple for Many Families 

Guest blogger, Beth V. Walker, is a wealth advisor with Carson Wealth Management, the founder of Center for College Solutions, and the author of “Never Pay Retail for College.” This article was originally written for ReThinking65. How the new financial aid rules will reduce affordability, plus other changes clients need to hear. Effective July 1, 2023, the…

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…