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Financial Aid
The most common federal student loans are Stafford and PLUS loans. The biggest distinction between the two is that, for undergraduates, Stafford loans are loans made to students and PLUS loans are loans made to parents. Regardless of who’s going to be repaying the loan, it’s worth looking at both to determine which is a better deal. With a Stafford…
Are you the parent of a high school junior? If so, 2014 is your “base year” for financial aid purposes. What does that mean? It means that your initial financial aid applications—FAFSA and/or CSS PROFILE—will be based on your income and assets for 2014. Now is a good time to make plans or adjustments that will help you in aid…
Since it’s college acceptance season, there are a lot of great articles out there about evaluating offers. Apologies for offering less original content here but reinventing the wheel doesn’t help. Here is a great article from the New York Times that will help you be a more informed consumer of your various offers.
If college is in the near but not immediate future and you want to estimate your family’s EFC, you can use the FAFSA4caster here to do so. But if you want a more accurate estimate and you have your tax documents handy, use the actual 2014-2015 FAFSA worksheet to do it. That is available here. Make sure you use the…