CFAA College Financial Aid Advisors

FEBRUARY 3, 2025

Understand Your Financial Aid Package Review your award letter carefully to ensure you’re fully understanding whats offeredscholarships, grants, loans, and work-study opportunities. Double-check the accuracy of your financial aid award. This can free up funds for other areas of your education.

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CFAA College Financial Aid Advisors

NOVEMBER 18, 2024

On the flip side, Regular Decision applicants typically hear back in March or April and will receive both their admission and financial aid offers at roughly the same time. If you’re accepted to multiple schools, you’ll be able to compare the financial aid offers you receive.

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CFAA College Financial Aid Advisors

NOVEMBER 26, 2024

After receiving your acceptance and financial aid packages, you can compare the offers from different schools to determine which one offers the best value. In particular, you’ll be able to compare grants, scholarships, loans, and work-study – all with the cost of attendance.

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CFAA College Financial Aid Advisors

APRIL 14, 2025

There are three main types of financial aid: Grants : These are usually need-based and dont need to be paid back. Scholarships : Often awarded based on merit (like academic performance, sports, or talent) and do not need to be repaid. They may also have tips on how to maximize your financial aid package.

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CFAA College Financial Aid Advisors

MAY 5, 2025

Review and Accept Your Financial Aid Package Take a close look at your financial aid award. It likely includes a mix of grants, scholarships, loans, and work-study. Dont forget to review your scholarships or extra savings you plan to use to pay. Being proactive now can save you stress later.

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CFAA College Financial Aid Advisors

FEBRUARY 10, 2025

This includes not only grants, scholarships, and loans but also any work-study opportunities or other forms of support. Its important to check that your familys income and assets have been reported correctly and confirm youre not eligible for other scholarships or loan programs.

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CFAA College Financial Aid Advisors

DECEMBER 23, 2024

Financial aid packages can vary significantly from school to school, so its important to compare them to see which one offers the best financial assistance. Pay close attention to grants, scholarships, work-study, and loans offered. The payback options for each of these differ and should be carefully considered.

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NACAC's Admitted

OCTOBER 10, 2023

However, the rising costs of college are increasingly out of reach for many students. Financial aid discussions have centered on simplifying FAFSA and increasing federal Pell Grants – all important – but federal student aid policies are only one funding source for families trying to determine how to pay for college.

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CFAA College Financial Aid Advisors

APRIL 28, 2025

Before you commit, make sure youve looked at: Your financial aid package (Whats a grant vs a loan? Which aid is renewable?). Compare Your Financial Aid Offers Not all aid packages are created equal. The total cost of attendance , not just tuition. Make sure all components feel like the right fit.

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CFAA College Financial Aid Advisors

FEBRUARY 24, 2025

Before visiting, make sure you understand the schools cost of attendance and the financial aid or scholarship opportunities available. While youre on campus, ask about financial aid options and any merit-based scholarships or grants that could help offset costs.

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IEFA

AUGUST 6, 2022

What is a scholarship? A scholarship is an award of financial aid for a student to further their education. Scholarships are awarded based on various criteria, which usually reflect the donor’s or organization’s values and purposes. Differences between scholarships and grants.

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CFAA College Financial Aid Advisors

JUNE 17, 2024

Receiving a financial aid offer can be both exciting and overwhelming for college-bound students and their families. While grants and scholarships provide much-needed assistance, loans often make up a significant portion of the aid package.

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CFAA College Financial Aid Advisors

SEPTEMBER 2, 2024

FAFSA (Free Application for Federal Student Aid) The FAFSA is a form that students and their families fill out to determine their eligibility for financial aid, including federal grants, work-study programs, and loans. Grants Grants are a type of financial aid that are not repaid.

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CFAA College Financial Aid Advisors

MARCH 18, 2024

From there, they are able to offer financial aid accordingly. Any financial aid offer letters received will outline the amount of scholarships, grants, and loans you can expect. The school may have additional funds for low-income students or may be able to point you in the direction of other scholarships.

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College Planners of America

FEBRUARY 13, 2024

The student financial aid system has always been complex. The goal of the Act is to simplify the process of applying for student financial aid, primarily by reducing the number of questions on the FAFSA from 108 to 36. With this year’s new FAFSA and its inept rollout by the U.S.

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School & Student Services by Community Brands

APRIL 5, 2023

Financial aid is funding to help pay for a student’s education and comes in a variety of options, from scholarships to sibling discounts. Need-based financial aid, such as grants, is awarded based on an assessment of a family’s income and expenses. Grant funding comes directly from a school’s budget.

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CFAA College Financial Aid Advisors

MARCH 11, 2024

Subtract any grant and scholarship offers you’ve received from that figure. Compare these numbers between schools to see which is a better financial fit. Look for Qualifiers on Money You’re Receiving : Make sure all grants and scholarships listed are available for the full time of enrollment, as long as you meet qualifications.

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CFAA College Financial Aid Advisors

SEPTEMBER 9, 2024

The FAFSA: Your First Step to Financial Aid The Free Application for Federal Student Aid (FAFSA) is your starting point. It opens doors to federal grants, loans, and work-study opportunities. Just remember: the earlier you submit, the better your chances of getting the most aid. The good news?

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CFAA College Financial Aid Advisors

JULY 21, 2024

This is the perfect time to find scholarships and grants to reduce your next year’s college costs. 5: Plan for College Expenses For high school students entering college soon, summer is a crucial time to prepare financially. Finalize your research on financial aid options, like loan types and scholarship offers.

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CFAA College Financial Aid Advisors

APRIL 22, 2024

Find out whether grants and scholarships are renewable, and what the anticipated increase is for next year’s tuition so you can plan ahead. From this amount you can subtract the amount of financial aid most students receive that does not have to be repaid, such as grants and scholarships.

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CFAA College Financial Aid Advisors

FEBRUARY 5, 2024

Be sure you know how much of each financial aid offer comes. You’re likely to see scholarships and grants you will not have to repay, and student loans that you will have to repay. If so, a scholarship might just do the trick.

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CFAA College Financial Aid Advisors

JUNE 3, 2024

Navigating the financial hurdles of college can be daunting, but there are numerous creative strategies to help ease the burden. From scholarships to unconventional gigs, there’s options available to resourceful students (and their families). Read more of my tips on negotiating financial aid packages here !

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CFAA College Financial Aid Advisors

MAY 20, 2024

Financial Aid for College The college portal is like a digital command center, providing access to essential resources, announcements, and updates pertinent to your student’s academic journey. One area where its significance truly shines is in managing financial aid.

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CFAA College Financial Aid Advisors

FEBRUARY 12, 2024

The Department of Education uses the FAFSA to determine students’ eligibility for federal financial aid based on their financial situation. Completing this form could provide you with access to federal grants, scholarships, work-study, and loans, different forms of money to pay for school.

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CFAA College Financial Aid Advisors

MAY 3, 2024

Explore Financial Aid Options : Take the time to research and explore the various financial aid options available to you, including scholarships, grants, loans, and work-study programs when paying for school. Scholarships are a great way to find extra money each year (that you never have to pay back!).

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CFAA College Financial Aid Advisors

JANUARY 3, 2024

EFC: The Expected Family Contribution will be changed to the Student Aid Index (SAI). Pell Grants: More students will be eligible to receive maximum or partial federal Pell grants. The hope, of course, is that all these changes will motivate more families to file a FAFSA and qualify for federal financial aid.

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CFAA College Financial Aid Advisors

APRIL 15, 2024

Then subtract out the grants and scholarships from individual schools, along with any scholarships you won on your own, for a bottom line net cost figure. See if any schools are expecting you to participate in a work-study program that will provide money within their aid package.

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CFAA College Financial Aid Advisors

JUNE 24, 2024

Explore Alternative Funding Sources Exhaust all other financial aid options, such as scholarships, grants, work-study programs, and savings, before turning to student loans. Every dollar your student can secure through non-loan sources reduces their future debt burden.

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CFAA College Financial Aid Advisors

MAY 27, 2024

Understand Financial Aid Options : Familiarize yourself and your student with the financial aid options available at the college. Explore scholarships, grants, and student loans, and don’t hesitate to reach out to the financial aid office for guidance.

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CFAA College Financial Aid Advisors

DECEMBER 11, 2023

As a reminder, the FAFSA gathers information about your financial needs so your student can be offered work-study, grants, and student loans. All colleges and universities will want the FAFSA from your student as part of their application. Some scholarships may even require the form to be completed.

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CFAA College Financial Aid Advisors

MARCH 25, 2024

Find out whether they have a substantial grant and scholarship program , learn about on-campus and off-campus work opportunities, and ask if there are clubs that focus on your major or if you can start one, because you want to find out what is different about this college or why other students choose to attend it.

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EAB

SEPTEMBER 26, 2023

Institutions should consider proactively sharing information and resources related to student loan repayment with soon-to-be-graduating students. Make sure to cover topics such as choosing the right types of loans and repayment plans, applying for scholarships, budgeting, and even how to file your taxes.

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