The financial aid process is daunting, especially when going through the process without help from a reliable source. Fortunately, we are here to help you navigate obscure financial aid acronyms with ease.
Always start out with the Free Application for Student Aid, known as FAFSA. Once your application is processed, you will know what federal assistance programs, grants, and loans you qualify for, and how much will have to be through private lending agencies. This process is the same for graduate students, however graduate students may not be eligible for undergraduate programs, including Federal Pell Grants.
Once you’ve completed FAFSA, look for ways to cut your college costs. Apply for early action to maximize your financial aid package and apply for scholarships. Below, you’ll find more information and tips on navigating the financial aid process, including articles on the latest news from the financial aid industry.
The best way to supplement your financial aid package is to apply for scholarships. College scholarships minimize student loan debt. You do not need to be a star athlete or valedictorian to win scholarships. Many scholarships are based on financial need, community service and your intended field of study. Highlight your unique attributes to search for more specific college scholarships. Browse through our site or conduct a free scholarship search to see what awards you are eligible for, and start earning money for higher education.
From 529 Plans - offering tax savings over taxable accounts - to Coverdell Accounts - optimal for families looking to invest $2000 or less per year - every parent should be able to find a savings plan that meets their needs. Have a reference point when looking for savings plans. Estimate how much college will cost using a college financial aid calculator. Always start with a conservative number because some savings plans come with stipulations, where funds can only be used for college expenses.
Federal aid comes in the form of federal grant programs, federal student loans and federal work-study programs. Federal Aid is subject to change based on government funding policies. Eligibility guidelines for FAFSA are available online for a quick application and fast processing, starting January 1 of every year. FAFSA will answer the majority of your questions, determine how much funding you can receive, and what federal funding programs you qualify for. You may find that you're only eligible for Stafford Loans. Although Stafford Loans are not as desirable as grants, they do have lower interest rates than any private loan.
Research will help you understand financial aid information, and dispel popular misconceptions about the process. Many students believe they are either ineligible for scholarships, or that applying for scholarships is a waste of time. Truthfully, the financial aid process is the most important step you will take in the college application process. More than $130 billion is awarded each year to college-bound students. And while it helps to have an impressive academic record, much of the funding is needs-based. Once you've filled out your FAFSA, conduct a free scholarship search to find awards, and boost your financial aid package with money from scholarships and grants.
The optimal way to navigate the financial aid process is conducting thorough research. Luckily, we’ve done it for you. We update our site with the latest news on financial aid changes that affect how much you will receive from the government. Check out our links for updated financial aid news to determine what higher education institutions are doing to affect students’ financial aid packages. Always keep track of how government policies affect your ability to take out loans, get awarded grants, and pay for college.
While college is the most rewarding years in a student’s life, paying for college is not. No one wants high monthly payments or to be forced to default on payments, ultimately damaging your credit score. If you are faced with a higher tuition bill than anticipated, consider your options to cut your college costs and take advantage of the millions of dollars being awarded to students annually.
Latest College & Financial Aid News
June 18, 2019
Harvard revoked more admissions offers - this time involving 10 students who participated in a Facebook group called "Harvard memes for horny bourgeois teens." Jokes about abusing children and the Holocaust and insulting comments about different racial and ethnic groups were found in the group, according to Inside Higher Ed.
Earlier this month, Harvard also rescinded an admission offer to Kyle Kashuv who, when he was 16 years old, used inflammatory and racist language, including the N-word, right before the Parkland shooting at his school, Stoneman Douglas High School. The shootings have since "changed him and made him more mature," he claims. Kashuv became famous for his conservatism, pro-gun and pro-Trump activism which he believes, represent a different view on how to prevent future, like tragedies.
In a recent Twitter post, he apologized for his past comments and stated that, "We were 16-year-olds making idiotic comments, using callous and inflammatory language in an effort to be as extreme and shocking as possible...I'm embarrassed by it, but I want to be clear that the comments I made are not indicative of who I am or who I've become in the years since." Shortly thereafter, Harvard looked into his case and eventually revoked his admissions offer. Though university personnel appreciate his "candor and expressions of regret," Harvard "takes seriously" the "qualities of maturity" and of "character" of the students it admits. Despite appealing the revocation, Kashuv was turned down. In his defense, Kashuv argues that, "throughout its history, Harvard's faculty has included slave owners, segregationists, bigots and anti-Semites. If Harvard is suggesting that growth isn't possible and that our past defines our future, then Harvard is an inherently racist institution. But I don't believe that. I believe that institutions and people can grow. I've said that repeatedly." In your opinion, should Kashuv have had his admissions offer revoked based on something he did when he was 16? Why or why not? [...]
June 11, 2019
A Wiccan Professor at St. Bonaventure sued the university and her alma mater for discrimination, alleging that she was not allowed to advance in her career because she is a woman and a witch. The reported discrimination began around Halloween in 2011, after she was asked to conduct an interview about her Wiccan beliefs with the university's student TV station, SBU-TV. [...]
June 6, 2019
In honor of LGBTQ Pride Month this June, Scholarships.com is recognizing the success of, and providing financial aid resources to the lesbian, gay, bi-sexual, transgender, and queer community and its allies through featured LGBTQ scholarships. These colorful LGBTQ scholarships are not only intended for those who identify as LBTQ or are questioning, but are available to LGBTQ parents and allies, as well. Below is a preview of LGBTQ scholarships that were created to provide economic mobility and equality for LGBTQ students and allies who may face unique challenges on their educational journeys. For even more LGBTQ scholarships, Parent LGBTQ scholarships or LGBTQ Ally scholarships, visit here. [...]