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Understanding Financial Aid: Loans, Grants, and Work-Study Explained

CFAA College Financial Aid Advisors

Whether youre planning to attend college soon or just thinking about your future, understanding the different types of financial aid you might receive is key to making smart decisions about paying for your education. Heres a few key terms that you need to know when it comes to loans, grants, and work-study!

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How to Compare Financial Aid Packages and Get the Best Deal for College

CFAA College Financial Aid Advisors

Focus on Grants and Scholarships Grants and scholarships are the best forms of financial aid because you dont have to pay them back. If one school is offering a larger grant, thats free money you dont have to worry about repaying, and it can make a huge difference in the total cost of attendance.

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5 Big FAFSA Updates That Will Impact Your Financial Aid This Year

CFAA College Financial Aid Advisors

The new rules clarify which students can qualify as independent, particularly those who are veterans, married, or emancipated minors. Increased Pell Grant Eligibility The FAFSA changes also come with an expansion of Pell Grant eligibility. Hopefully this makes higher education more affordable!

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What to Do When Your College Financial Aid Falls Short of Expectations

CFAA College Financial Aid Advisors

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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Understanding the FAFSA Deadlines: Don’t Miss Out on Money for College!

CFAA College Financial Aid Advisors

FAFSA deadlines can vary depending on where you live, where youre going to school, and what kind of aid youre applying for so its important to pay attention. Why FAFSA Deadlines Matter The FAFSA is the key to unlocking a variety of financial aid options, including federal grants, work-study programs, and loans.

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A Look at What Happens After Submitting the FAFSA

CFAA College Financial Aid Advisors

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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Data-Informed College Decisions: Students Deserve Clear, Consistent, and Complete Financial Aid Offers

IHEP Institute for Higher Education Policy

Unfortunately, recent research suggests that many students are not provided clear, concise, and accurate information they need to fully understand the financial implications of the choices they have made. Department of Education’s Federal Student Aid office. 6] National Association of Student Financial Aid Administrators.