free money for college

Seniors, Are You FAFSA Ready?

We’re betting you’ve heard the word “FAFSA” tossed around a bit lately, right? If you’re wondering what the FAFSA is (it’s the FREE Application for Federal Student Aid) or how it relates to college, there’s only one thing you really need to know…the FAFSA is the key that unlocks free money for college! This form is probably one of the most important documents you will complete while getting ready to go to college. In just about six weeks, it will be available to you and your parents, so you’ll want to be FAFSA ready. Not sure what you’ll need or where to find the form? Our partner website, Unigo.com, has some quick tips that will help you line up everything you need to complete the FAFSA when it opens on January 1, 2015.

Read “Are You FAFSA Ready” on Unigo.com »

 


College Money

4 Steps to Getting More Financial Aid Money

If you’re the parent of a high school senior, I’m betting that you’re a bundle of nerves right about now. Not only are you anxiously awaiting college acceptance letters, but also trying to figure out how you’re going to pay for everything. Although the economy is starting to show improvement, many of you are still recovering from several years of meager wages or loss of savings, which means you are probably counting on colleges to be very generous with their financial aid offers. In fact, how much or how little a college is willing to give you may ultimately decide where your child will be attending college this fall. Unfortunately, you may not realize that there are some steps you can take that will help increase your chances of getting the most financial aid possible. If you are concerned about how you are going to pay for your child’s education, consider following these four steps.

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Uncovering the Mysterious FAFSA

FAFSA It’s that time of year again! Yes, millions of students, like you, will be seeking federally funded financial assistance to reach their college goals.

So, what’s the mystery? Exactly, what is FAFSA? The acronym stands for Free Application for Federal Student Aid.

The FAFSA is an electronic form used to determine your eligibility for student grants, work-study, and loans. The application is important because it decides whether you will receive free money, like a Federal Pell Grant, and is used by universities to distribute financial aid packages.

The comprehensive form, roughly 100 questions, asks for details about you and your family’s financial background, including income and assets. Then, the government reviews your answers to determine your expected family contribution (EFC).  The amount of money you cannot afford for college is simply referred to as your NEED. Your need is used by colleges to determine financial aid awards. Continue Reading…


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