Financial Matters: Comparing Financial Aid Packages

If you’ve applied for financial aid and filed all the paperwork by the appropriate deadline, an award letter outlining a college’s offer of financial assistance should arrive close on the heels of your notification of acceptance. Here’s a guide to understanding what that package really means. The bottom line in comparing financial aid packages … Read More

Financial Matters: Free Money vs Loans

If you’re the parent of a high school senior and you’re thinking about how to pay for college without going broke, it’s a whole new, expensive world. In this world there are just two kinds of money: “Great money – or Free money” – and “Not-so-Great- money”.   Free Money Free money is a … Read More

Financial Matters: College Loans

As we have often said, paying for college is a significant challenge for many families. Once all types of grants, scholarships, work study options, jobs and family contributions are cumulatively considered, many families find they must borrow money to cover the remaining costs. Unlike the grants and scholarships, loans must be repaid — with … Read More

The CSS Profile

The bulk of college financial aid money comes from the federal government; this aid is distributed by colleges using information supplied by families when they complete the FAFSA (Free Application for Federal Student Aid), available on October 1st. About 400 colleges, universities and scholarship programs, however, use an additional form, the CSS Profile, to … Read More

Financial Matters: Trends in Student Loans

You’ve probably seen the headlines suggesting that debt for college students is out of control and getting worse. But, is it really? New data from the research arm of the College Board provide some answers. Since 1983, the College Board has analyzed data gathered from both the U.S. Department of Education and colleges to … Read More

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