Financial Aid

A college education can be very expensive and if a financial plan is not carefully prepared, paying for a college tuition can be a heavy burden.  Below are numerous resources based on federal and state student grants, work-study, and student college loans where you can get the help you need to pay for college.

Financial Aid Information

What are your options?

List of the types of financial aid available – The U.S. Department of Education awards about $150 billion a year in grants, work-study funds, and low-interest loans to more than 15 million students. Learn the various types of financial aids available to you.

Financial aid 101: Paying for college – Choosing the best college to attend is hard, but paying for college is an entirely new test. Our tips, tools, and expert advice can help students navigate student loans, scholarships, grants, the FAFSA, and overall financial aid planning.

Scholarships for homeschool students – More than 2 million students are home schooled in the United States every year, and the number increases as time marches forward. While most scholarships don’t specifically exclude homeschoolers, more and more are actually targeting them specifically, even encouraging homeschoolers to apply.

How to apply for aid?

Financial aid eligibility:  Who qualifies? – Worried you won’t be able to get aid? Most people are eligible for financial aid for college or career school.  Different types of aid (private scholarships, state grants, etc.) have different rules, called eligibility criteria, to determine who gets the aid. Here are the eligibility criteria for the federal student aid programs.

FAFSA: Apply for aid – FAFSA = Free Application for Federal Student Aid. Completing and submitting the FAFSA is free and quick, and it gives you access to the largest source of financial aid to pay for college or career school.

How to complete the FAFSA – To apply for most financial aid — including federal and state student grants, work-study, and loans — you’ll need to complete the Free Application for Federal Student Aid (FAFSA). Although this financial aid form may seem complex, there are many free resources to help you complete it.

Pell Grant:  How to apply – When you’re planning your strategy to fund your education, it’s important to consider “free” financial aid as well as student loans. In order to minimize your student loan debt, make it a priority to apply for grants, scholarships, and other types of aid that do not have to be repaid. The Federal Pell Grant, issued by the U.S. Department of Education, does not require repayment.

Financial aid Calculations

How federal student aid is calculated – The Federal Methodology (FM) is the formula used by the federal government to determine your Expected Family Contribution (EFC) for a Federal Pell Grant, campus-based programs, and Federal Subsidized Stafford and Direct Subsidized Loan Programs.

FinAid Calculator – This free calculator will determine your EFC (Expected Family Contribution) and will find an estimate on how much student aid you will receive.

General Information for financial aid

Big Future – More than $126 billion in grants, work-study funds, loans, and tax benefits were awarded by the federal government last year to help undergraduate students afford college. Here you can learn about Financial aid, grants, loans, and scholarships with all the tools and guides necessary for you strategically plan out your college financial game plan.

The College Saving Center – Finding the best college is an expensive decision. Use their tips and tools to help you through financial aid, student loans, free money, government aid, 529 plans and financial planning.

Different ways on how to pay for college – Paying for college is rarely easy. Ideally, it’s a longterm process of building and using a collection of savings, institutional aid, free money, and—if necessary—loans. There are so many avenues for financing your education, it’s often difficult to sort out what might work best for you, use this source to learn about 4 great ways to pay for college.

Pay for college, right now! – Even if you didn’t save, the education you’ve been hoping to get or provide is still within reach.  Provided there’s some pragmatic financial planning involved.  Sometimes, the hardest part is simply knowing where to begin. Here are some tips.

How does marriage affect student loan repayment? – Sorry romantics, but marriage may require a heart-to-heart about those pesky student loan payments. Brides and grooms are combining all the parts of their lives – their hearts, their families, their households and yes, their student loans. Learn how this can effect your repayment plan in either a negative or positive way.