Financial Aid
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Don't get fooled by financial aid letters

Don't get fooled by financial aid letters | Financial Aid | Scoop.it
LOS ANGELES (Reuters) - The confusing and sometimes misleading financial aid letters that colleges send out this time of year can cause unsuspecting families to sign up for educations they can't afford, (Don't get duped by misleading financial aid...
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Colleges send out a lot of misleading information about financial aid that makes families confused disoriented. The Obama Administration introduced the financial aid shopping sheet which makes it easier for people to see the cost of college. But only 2,000 schools use the shopping sheet and the ones who don't use it are the most deceptive. The biggest problems that families encounter are misleading information on costs and loans. Also "front loading" of free aid and ignoring the gap.

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10 FAFSA Mistakes that Affect Financial Aid - Fastweb

10 FAFSA Mistakes that Affect Financial Aid - Fastweb | Financial Aid | Scoop.it
Avoid these common mistakes on the FAFSA. Making errors can cause you to lose out on financial aid dollars.
vadim kravets's insight:

Around 30% of all FAFSAs are selected for verification, a process inteded to fix errors. If your FAFSA is verified and contains errors, it can cost you. If you want to avoid these errors then fill out the application online rather than the printed version. Don't leave anything blank because the processor will think you forgot to answer the question. Also remember to file on time and don't forget to sign the application.

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FAFSA - Free Application for Federal Student Aid

FAFSA - Free Application for Federal Student Aid | Financial Aid | Scoop.it
Apply now! Federal Student Aid has more than $150 billion available to help you pay for school.
vadim kravets's insight:

I filled out my financial aid for Fall 2014, Winter 2015, and Spring 2015. Based on the eligibility criteria, I may be eligible for the following:

Pell Grant Estimate - $5,645.00

Direct Stafford Loan Estimate - $6,500.00

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Financial aid resources help students get ahead on college loans - nwitimes.com

Financial aid resources help students get ahead on college loans - nwitimes.com | Financial Aid | Scoop.it
Financial aid resources help students get ahead on college loans
nwitimes.com
If you're younger than 24, unmarried and with no dependents, you are considered a dependent student.
vadim kravets's insight:

The Indiana Commission for Higher Education funded 85,475 students with $278 million dollars in awards and scholarships for the 2012 to 2013 academic year. First of all, students need to fill out the FAFSA. At Purdue University, 55% of the students receive aid via scholarships or loans. After students fill out the FAFSA, the school will notify them if more information is needed. Anyone can receive financial aid; it's free. They even granted some degrees to people in their 70's.

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Kadlub: Finding financial aid shouldn't come at a cost - The Coloradoan

Kadlub: Finding financial aid shouldn't come at a cost - The Coloradoan | Financial Aid | Scoop.it
Kadlub: Finding financial aid shouldn't come at a cost
The Coloradoan
A few days ago, my son was mailed on official-looking letterhead an offer from a company interested in helping him find financial aid and scholarships for his college education.
vadim kravets's insight:

Going to college is expensive, but there are ways to pay for college such as FAFSA or scholarships. Many families want to explore additional options for financial aid. The BBB Serving Northern Colorado and Wyoming advises taking these steps: Beware of scholarships that charge an application fee. Beware of scholarships that claim it will apply on your behalf. Beware of letters or phone calls stating that you have been selected for a scholarship that you haven't applied for. Avoid lenders that charge an upfront fee.

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