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Summer Scholarship Prep: A Guide for Busy Families

CFAA College Financial Aid Advisors

But if you’re considering going to college, the summer might also be the perfect time to begin their scholarship search. As a financial aid advisor, I often remind families that waiting until senior year to search for scholarships can mean missed opportunities. Here’s a few of my favorite tips for students (of any age!)

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Breaking Down Your Financial Aid Letter: What’s Free Money and What’s Not

CFAA College Financial Aid Advisors

Heres your financial aid breakdown: Free Money: Grants and Scholarships Grants and scholarships are the best parts of your financial aid package because they dont require repayment. Be sure to check if any scholarships are renewable, meaning they can continue each year as long as you meet certain criteria.

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Financial Aid Glossary: Terms You Need to Know for College Planning

CFAA College Financial Aid Advisors

The most common federal grant is the Pell Grant, which is available to undergraduate students who demonstrate significant financial need. Scholarships Scholarships are funds awarded to students based on various criteria, including academic achievement, extracurricular involvement, or specific talents.

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Summertime Financial Aid Prep for Busy Students and Families

CFAA College Financial Aid Advisors

For Rising Juniors: If you are heading into your junior year, now is the time to lay the groundwork for financial aid success. Start by getting familiar with how financial aid works: learn the basics of the FAFSA , scholarships, grants, and the potential of your family’s contribution.

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

CFAA College Financial Aid Advisors

Be prepared to provide supporting documentation, such as a letter explaining your situation and any relevant financial documents. Look for Additional Scholarships or Grants There are often many scholarships available that dont require a full-time student status or are not widely advertised.

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Stay Ahead This Summer: Smart Financial Aid Moves for Students and Families

CFAA College Financial Aid Advisors

Early preparation can mean better access to aid, as much of it is first come, first serve. Explore Scholarship Opportunities Summertime is a great time to explore possible scholarship opportunities. I suggest students spend a little time each week searching for scholarships.

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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. Understand Loans Loans are another part of your financial aid package that you need to take seriously. Also, pay attention to the interest rates on loans.