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A Guide to Free College Money and Less Student Loan Debt
This recent article “Dos and Don’ts For College Scholarships” talked about free money for college such as grants and scholarships, and offered general tips on how to search for free money.
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Take the first step to win the financial aid game
That sounds odd, doesn’t it, “to win the financial aid game.” You don’t have to stretch very far to see that the financial aid process has characteristics of a game: there is a rulebook, a referee (the U.S. Department of Education), a defined time period and rewards at the end for the winners. Unfortunately, as…
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Three Dos and Don’ts For College Scholarships
Federal and state governments, colleges, and private third-parties offer grants and scholarships to help pay for college. Unlike other parts of the financial aid package, grants and scholarships are free money, they don’t have to be repaid like loans or earned such as a work-study award.
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Three Keys to Saving for College
Saving a dollar today is better than borrowing one tomorrow® – particularly for college. Here are three key tips to help you build a nest egg for college.
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Part-Time Jobs Reduce Debt and Offer Experience
Paying for college can be one of the most stressful parts of the college experience. It’s essential to know all of the options to chip away at a big bill. Financial Aid Award letters include grants and scholarships (free money with few strings attached), loans (need to be repaid) and earned-aid (usually work-study) – a…
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College Majors Matter
College majors have a big impact on the value of the investment being made in pursuit of a student’s college dream.
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Credit Primer
Credit is the ability to use debt to purchase goods or services based on the trust that the individual can repay the debt. Lenders such as credit unions and banks evaluate borrowers credit to make student loans, home mortgages and credit cards.
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An Overview of Financial Accounts
There are many types of bank accounts that students will find useful in the coming years. We’ve already discussed savings plans specifically for college in another article, so this is an overview of some other basic financial accounts. Keep in mind, most of these accounts are Government-insured, meaning the first $250,000 of an individual’s total…
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Saving for college with a 529 is a good idea
Although few families can save enough to fully pay a college bill, it makes sense to save as much as possible given your family’s financial position in order to minimize college borrowing in the future. Saving a dollar today is better than borrowing one tomorrow.® This simple example shows why