If I were the betting type, I’d bet that the Asset Protection Allowance is the part of the FAFSA that gets the most attention. For this fall’s FAFSA, there’s a little bit of good news: It’s finally going up! This should be tempered by: Not by much! The Asset Protection Allowance is probably the strangest calculation in all of FAFSA…
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Need-based Aid
Lately I’ve heard from several families whose students have received revised financial aid awards that canceled or reduced their work-study. What does that mean? What should you do if this happens to you? Let’s start with what work-study is: an on-campus (generally, though some are private sector) job that is partially subsidized by the Department of Education. Schools love work-study…
I keep hearing variations on the theme of, “When things are uncertain, it’s helpful to have specific tasks to do.” So here is a to do list for you, sorted by your student’s age. Current College Student Check your course schedule to confirm if your in-person and online courses align such that you can get to both. Make sure you…
Many students are considering deferring enrollment for the fall; surveys show that perhaps as many as 15% of college-bound students in the high school class of 2020 are likely to defer. Their peers in older cohorts are considering gap years, too, and many if not most international students are unlikely to be on campus in the fall. All of these…
In responses to the coronavirus pandemic, a growing number of colleges are discounting tuition, freezing tuition hikes and implementing other measures that will reduce costs for students in the coming academic year. While marketed as responses to student financial setbacks, a significant driver of these changes is concern that students will not enroll for the 2020-2021 school year. The University…