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Aaron Fichtner Educators, college administrators and students say the governor’s proposed FY25 budget reduction — flat funding from FY24 — could negatively affect students and the higher education community. The governor’s budget proposal projects the state would end the fiscal year, which begins July 1, with a $6.3 billion surplus.
Higher ed association leaders are looking to address financialaid confusion by forming a task force to establish guiding principles and standards for studentaid offers. Dr. Ted Mitchell Higher ed institutions often use different terminology and guidelines when providing financialaid information.
Whether youre planning to attend college soon or just thinking about your future, understanding the different types of financialaid 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!
“These efforts are reflected in the significant progress in areas such as increased enrollment, increased alumni and employee giving, increased grant activity, increased endowments, reduced student debt, improved upward mobility of graduates, and year-end balanced budgets.
Yet less than 12% of resident 18-to-24-year-old students enrolled in our public universities are Hispanic. We see similar enrollment gaps for African American students, rural students, and low-income students. About 60% of our state university students graduate within six years. Structural change is needed.
How do students secure funding for their university education and support their academic journey? Students can access funding through government grants, private donations, scholarships, and research grants. federal studentaid significantly helps domestic students with educational costs. In the U.S.,
As a high school student preparing for college, one of the most excitingand sometimes stressfulmoments is receiving your financialaid packages. Colleges often send out different offers with varying amounts of financial support, and it can be tricky to figure out which one is the best deal for you.
Earlier this month, millions of students nationwide made the life-changing decision to attend college. For these students and their families, enrolling in school is the culmination of years of hard work and determination, and these students have much to celebrate. Leaders in Congress have taken note.
For students preparing to apply for financialaid, the Free Application for Federal StudentAid (FAFSA) is a crucial part of the process. This can help to maximize your eligibility for aid and financialaid funding. Hopefully this makes higher education more affordable!
If you’re planning on attending college and need financialaid, then filling out your Free Application for Federal StudentAid (FAFSA ) is an essential step. But its not just about submitting the FAFSA you need to be aware of the deadlines to make sure you dont miss out on the financial assistance you need.
Higher education becomes even more expensive when students receive their financialaid offers – and theyre smaller than everyone hoped. Heres 6 things you can do when your college financialaid falls short of expectations: 1. Double-check the accuracy of your financialaid award.
Submitting your Free Application for Federal StudentAid is a huge milestone in the college application process, but its just the beginning of your financialaid journey. After hitting that submit button, a few important things happen behind the scenes to determine your eligibility for financialaid.
High school seniors who are ready to unlock financialaid and take the next step toward your education, it’s time to file your FAFSA. Completing the FAFSA (Free Application for Federal StudentAid) is one of the most important tasks you’ll need to tackle as you prepare for college. After you’ve signed, hit submit!
You will still receive your financialaid package along with your acceptance decision. But you’re not required to make a decision on financialaid immediately. Students then have until May 1st (National College Decision Day) to decide where to attend. However, applying early does not guarantee better financialaid.
For students heading to college, there is an immense pressure that comes with managing academic responsibilities and trying to determine how to pay for school. For many, financialaid is crucial to making higher education accessible. Financialaid is not a one-size-fits-all solution, and your situation is unique.
But this decision isn’t just about choosing the school with the best programs, campus vibe, or student culture. It’s also about how to make it work financially. After receiving your acceptance and financialaid packages, you can compare the offers from different schools to determine which one offers the best value.
College websites, online rankings, virtual tours, and student reviews can all provide valuable insight into a schools academic offerings, campus culture, and overall vibe. Before visiting, make sure you understand the schools cost of attendance and the financialaid or scholarship opportunities available. Did you feel welcomed?
By Don Heller, Gigi Jones, and Abby Miller The recent dismantling of affirmative action and the COVID pandemic highlighted the barriers preventing underserved, underrepresented students – students of color and those who are low-income and first-generation – from enrolling in college.
Navigating the financialaid process as a college student or first time college parent can feel mind-boggling, especially with the numerous terms and acronyms thrown around. Almost every financialaid application or letter will have at least one of these acronyms so it’s important to start recognizing them.
Maximize Your FinancialAid By Understanding the New StudentAid Index One of the biggest updates to the FAFSA is the introduction of the StudentAid Index (SAI). Now, the SAI will help colleges and universities determine how much funding a student can receive.
Borrowing student loans is a significant financial decision that can have long-lasting implications on your student’s future. Before you and your student sign on the dotted line, here are several essential things to know about student loans.
Summer is not just a time for relaxation and fun—it’s also a great opportunity for high school and college students to take proactive steps towards managing their finances and setting themselves up for success. This is the perfect time to find scholarships and grants to reduce your next year’s college costs.
The studentfinancialaid system has always been complex. The goal of the Act is to simplify the process of applying for studentfinancialaid, 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.
Two of the most important forms you’ll encounter are the FAFSA (Free Application for Federal StudentAid) and the CSS Profile. These forms are essential for both high school students entering college and current college students seeking financialaid.
Your student made the exciting decision to attend their dream college. To help your student along the way, here are ten essential tips for enrolling in college at their dream school! To help your student along the way, here are ten essential tips for enrolling in college at their dream school! Congratulations!
Receiving a financialaid 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.
Any financialaid 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. It will also state how much you may have to pay out of pocket.
Blogs Your student loan payments are due: 3 strategies to support community college students’ financial wellness When I think back to my time in college, student loans were something that nearly everyone had, but not something any of us fully understood. Financial hardship is the #1 reason students stop out.
In a year like this one, it has become an even more important task for students applying to college! FinancialAid 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.
The FAFSA: Your First Step to FinancialAid The Free Application for Federal StudentAid (FAFSA) is your starting point. It opens doors to federal grants, loans, and work-study opportunities. Knowing the COA helps you understand how much financialaid you may need. The good news?
Here are three important questions to kickstart your conversation with the financialaid director and office: How much does it really cost to attend this college? Find out whether grants and scholarships are renewable, and what the anticipated increase is for next year’s tuition so you can plan ahead.
As students prepare for the exciting journey of attending college, one of the most important steps you’ll take is filling out the Free Application for Federal StudentAid, or FAFSA. Understanding Your FinancialAid Package Once you submit your FAFSA, you’ll receive a StudentAid Report (SAR) summarizing your information.
Whether you’re applying to college or the parent of a soon-to-be-college student, understanding these terms is key to getting the financial support you need for college. Let’s start with SAI, or StudentAid Index. It’s important to review the SAR for any errors that could affect your financialaid package.
Offering financialaid helps your school reach more families and build a vibrant, diverse school community. There are two main categories of financialaid: need-based and merit-based. Need-based financialaid, such as grants, is awarded based on an assessment of a family’s income and expenses.
How Finding Money for College Is Now Easier Than Ever For the last 40+ years, students and families have been frustrated by the process of filing the FAFSA. Many families often decide to skip the entire process together, even though it’s necessary to file in order to receive financialaid. This is going to be a major change!
There’s paperwork to submit, essays to write, and financialaid applications to send in. The most important financial document that students will file with their families this fall is the FAFSA, the Free Application for Federal StudentAid. You may never know what aid your student can receive!
The world of financialaid can be daunting, especially when it comes to understanding the Free Application for Federal StudentAid (FAFSA). This form is one of the most important for students and families to file, if not the most important form to be completed. Have your list of colleges available.
Financialaid packages are arriving with acceptance letters – and these students get to start figuring out what their next four years are going to look like. Reread your financialaid letters and determine how much of each package is in federal student loans.
As spring blooms around us, college acceptance letters and financialaid offers are beginning to arrive for students who didn’t apply for early admission at their colleges of choice. Subtract any grant and scholarship offers you’ve received from that figure. One major factor in their decisions will be money.
All of us want you to feel more confident about the entire financialaid process, so that you can feel better through the next few years of college applications and acceptance. All Things FAFSA: FAFSA stands for Free Application for Federal StudentAid. for financialaid.
How the FAFSA is Making FinancialAid More Accessible to Families Nationwide In the last year and a half, the Free Application for Federal StudentAid – or FAFSA – has undergone major changes to make the application easier to complete for students nationwide.
While some students who applied for early acceptance are sitting back, comfortable in the knowledge of where they’re going for their college journey, other students may not be. Be sure you know how much of each financialaid offer comes. This allows them to offer your spot to other students on their wait list.
Explore FinancialAid Options : Take the time to research and explore the various financialaid options available to you, including scholarships, grants, loans, and work-study programs when paying for school. Review them and remember that how you live now will set up much of how you operate after graduation.
On the blog, I’ve shared tips about what to ask the financialaid office during campus visits but today, I want to discuss questions that you should ask an admissions office. These questions will help you and your student determine if it makes sense to apply to this school. What benefits can this college offer me?
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