Category Archives: Merit-based Aid

FAFSA FAQs 2

Q: I won’t qualify for financial aid. Do I need to fill out the FAFSA?

A: Yes! Regardless of whether you think you’re eligible for aid, you should complete the FAFSA. You have to complete it if you (or your student) intends to take out federal student loans, which are available to anyone regardless of need. If you have any intention of borrowing, the Direct Student Loan should be your starting point. Plus, some Continue reading FAFSA FAQs 2

Aid Formulas

If you’ve been reading this blog for a while, this is a bit of a refresher post.

There are three aid formulas: Federal methodology (FM), based on the FAFSA; Institutional Methodology (IM), based on the CSS PROFILE; and Consensus Methodology (CM), which uses both aid forms. Each is a different way of calculating a family’s Continue reading Aid Formulas

Don’t be a Stealth Applicant

Stealth applicants are a buzzword in college admissions these days. What is a stealth applicant? It’s someone who applies to a school without ever having interacted with that school prior to the application. It’s become increasingly common as it’s become easier to get information about schools without interacting with them. But if you’re really Continue reading Don’t be a Stealth Applicant

Colleges Still Have Openings for Fall ’17

Further confirming that college can be a buyer’s market, the National Association for College Admission Counseling’s annual College Openings Update: Options for Qualified Students (a list of schools still accepting applications after May 1) shows an increase in the number of schools still accepting applications compared with last year. In fact, the number has gone up every year since 2013; it increased by about 20% from 2016 to 2017. Continue reading Colleges Still Have Openings for Fall ’17

Negotiating an Aid Award

My apologies if this is a little down-to-the-wire. Then again, you might do better waiting until the last minute to negotiate an aid award. If you’re planning to do so, here are a few things you need to know.

The first step is to determine what type of aid is being offered, need or merit (or a Continue reading Negotiating an Aid Award