Archives by Month

April 2019

Co-Signing Student Loans

If you’re among the 2/3 of families that will borrow to pay for college, you may be looking at private student loans as one of your options. Unlike federal direct student loans, private student loans typically require a co-signer. It’s vital that parents and others asked to co-sign understand what they are actually doing when co-signing a student loan.

FAFSA Verification

Every year, about 1/3 of FAFSAs filed are selected for validation, which could be described as FAFSA’s version of an audit. Some FAFSAs are chosen at random for verification, whereas some schools– especially those funding need-based aid out of an endowment– will verify every application. Because verification goes through the school, it’s not unusual for students to first learn about…

Waitlisted?

Students who are waitlisted at their top-choice school should understand how waitlists work, because they can a little bit like Lloyd in Dumb and Dumber: “So you’re telling me there’s a chance!” Here is a great article explaining how waitlists work. The key takeaway from a money perspective: Waitlists tend to be “need-aware” so waitlisted students who require financial aid to…

Coalition App

If you’ve never heard of the Coalition App, count yourself among the many. The Coalition App is similar to the Common App in many respects, including allowing students to create a single application for multiple colleges, but it has some key differences. First and foremost is that the Coalition Application was created by the Coalition for College Access, a group of…