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Need-based Aid

Got Work-Study?

If your financial aid award includes work-study, you should understand what it is. Work study falls under the self-help column of financial aid, meaning it’s not free money. The work-study portion of your aid package is your earnings from a qualifying on- or off-campus job. You get work-study funds by finding a job and working during the school year. Work-study…

With FAFSA Changes, Will College Cost More?

Any time things change, some people benefit and others are worse off. This is also true of FAFSA Simplification. While many of the formula changes benefit large swaths of the population– such as removing 401k contributions from income or changing child support from income to an asset– other are less advantageous. Two big ones are eliminating the sibling discount and…

College Tuition Is on Sale!

Recently Stanford’s announced tuition hike made headlines: a 7% increase in tuition would bring 2023-2024 costs to over $82,000 for tuition, fees, room and board. This follows a 4% rise in the previous academic year and an average annual increase of 3.5% over the past 10 years. Less attention is being paid to Nacubo’s announcement that, headline tuition rates aside,…

Waitlisted?

Did you get waitlisted at your top choice school? Here’s what you need to know. First, most colleges don’t start calling students from the waitlist until after May 1. This means you should pay a deposit to secure your spot at another college before May 1, just to be sure you have a college for next year. If you do…