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The Ripple Effect: Understanding How Student Loans Impact Your Student’s Credit Score
For many students, pursuing higher education is a worthwhile investment in their future. However, this pursuit often comes with the financial burden of student loans. Beyond the immediate challenges of repayment, it’s crucial for parents and students to understand how these loans can have a lasting impact on students’ credit scores. In this blog post,…
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Ask the Financial Aid Expert: Gregg Cohen
John Hupalo, host of MyCollegeCorner’s podcast, recently sat down with Gregg Cohen, President of Campus Bound and Founder of College Affordable to talk about the new FAFSA form. In late December 2023, the U.S. Department of Education “soft launched” the new form. Gregg answered the most pressing questions parents have about the new form, which…
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Goldilocks and the Three Bears of College Fit
All parents want their children to be successful and college is a natural step after high school for many students. In fact, students who attain a four-year degree have historically higher lifetime earnings than their counterparts who do not. According to College Board’s “Education Pays 2023” report, students with a four-year degree earn $1,200,000 more…
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10 FAQs to Clear Up FAFSA Confusion
Everyone has questions about the Free Application for Federal Student Aid (FAFSA). You are not alone.
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The Critical Student Financial Aid Terms You Should Know
The language of financial aid is loaded with jargon and acronyms. Knowing and understanding the following terms will help put you ahead of the game.
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Parents: Know the College Admissions Timeline
The college admissions process can be tricky for any family, especially those going through it for the first time. Separate financial aid and admissions applications, multiple deadlines at each school, standardized exams, letters of recommendation, required essays, and, this year, changes to federal financial aid. No wonder you feel stress.
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Do These 5 Things NOW to Be Ready to File the FAFSA “Sometime in December”
“Sometime in December” Hard to believe, but that is the U.S. Department of Education’s official response when asked for the date that this year’s FAFSA will be available. The Free Application for Federal Student Aid (“FAFSA”) is delayed this year because the U.S. Department of Education (“ED”) is simplifying the form and changing the output…
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The Student Aid Index: The New Way to Calculate College Aid
The U.S. Department of Education (ED) is about to fundamentally change how eligibility for college financial aid is calculated. Here’s what you need to know and a link to a free calculator to estimate eligibility for college aid using the new methodology.
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Student Loans Can Help Build Strong Credit Scores
College students and graduates can use student loans to build a great credit score. These three steps will help you understand the credit scoring process and how student loans can help young consumers build a high credit score and open opportunities for future borrowing.