Financial Aid Resources
Submitting the FAFSA is an important step in the college financial aid process. Find out all you need to know about the FAFSA and federal financial aid.
College Financing Survey
The options are many when it comes to paying for college. Find out how high school seniors plan to tackle the financial aid process in our recent survey results.
College Tuition Infographic
College tuition is on the rise, but the “sticker price” can be misleading. Learn more about list price vs. actual cost of higher education in this infographic!
Emergency Financial Aid for Adults
Are you an adult student heading back to school to pursue a college degree… but have no idea how to pay for it? Check out this infographic for a list of ideas on where to start gathering financial aid. From education tax breaks to seeking assistance from your employer, this list is filled with all kinds of ideas (like searching and applying for scholarships) to get you started and help you explore the possibilities of finding free money for college.
Emergency Financial Aid for High School Students
So you are no longer in high school and are officially “college-bound.” Your financial aid award packet finally arrived, but you didn’t receive as much financial aid as you had hoped for or expected. What should you do now? How will you pay for college? Don’t stress just yet – there are lots of resources out there to help fill in the gaps; you just have to take some time to look and see what options are available. Check out this infographic for some great ideas on where to start when looking for “emergency” financial aid.
Financial Aid Scholarships
Scholarships and grants are your first stop in the process of finding money for college. They typically never need to be repaid, and so are the preferred forms of financial aid. Scholarships generally are awarded to individual students from an organization and function as an investment in their futures (and free money for college!). There are some major national scholarships and grants for which a number of your classmates will apply. But there are also hundreds of local or online scholarships to be found. Even a seemingly small award can go a long way toward your books and other rising expenses.
Federal Financial Aid
The FAFSA, or the Free Application for Federal Student Aid, is the single-most important form you’ll complete in the financial aid process; it is required for unlocking federal student aid such as government grants and federal student loans. The FAFSA process is dependent on a number of factors on your IRS Federal Income Tax Return, and if you are under the age of 24, most likely your parents’ Tax Returns as well. You will also be asked to share your family’s financial information regarding the number of dependents, the value of investments, savings accounts, and real estate.
Student loans are an important aspect of financial aid. Read this article for helpful student loan advice.
Student Loan Comparison
Which Student Loan is right for you? Our student loan comparison tool lets users choose the right student loan for them.
Federal Student Loans
There are three federal student loans that students may qualify for after completing the FAFSA. These are the Direct Loan (subsidized and unsubsidized), the PLUS Loan, and the Perkins Loan. Depending on what type of academic program you’re enrolling in, loan limits and terms will vary. Parents who wish to assist their undergraduate children pay tuition will also be able to borrow federal loans called PLUS loans (Parent Loans for Undergraduate Students) to help pay for college.
Private Student Loans
Private student loans can be great supplements to federal financial aid and can help cover the total cost of your education. In most cases, there is a substantial amount of unmet financial need. Private financial aid is based on your credit history and income and can be used for any education-related expenses. A private student loan is traditionally used when the federal aid is not enough and a student needs to bridge the financial aid gap.
Student Loan Interest Rates
Because they can fluctuate and vary from year to year, it’s important to pay attention to student loan interest rates and how each loan program compares to other loan programs.