Discover How to Receive More Financial Aid Than You Ever Imagined Possible…
Whether you’re the parent of a college bound student or the student yourself, understanding the FAFSA and how the financial aid system works is critical. Failure to understand the FAFSA and how the system works can cause you to lose thousands and thousands of dollars in financial aid. There is so much confusion, misunderstanding and misinformation surrounding the FAFSA and the financial aid process that some families don’t even complete the FAFSA form or apply for financial aid. Many families incorrectly assume if they own a home or have a six-figure income they won’t qualify for financial aid.
Everyone including you is eligible to receive some form of financial aid. However if you fail to complete the FAFSA correctly the first time you could lose your financial aid and you’ll jeopardize receiving free college scholarships. If you do complete your FAFSA but make mistakes the consequences can literally be devastating to your financial aid package. Our financial aid services will help you receive both federal and campus based financial aid. Don’t let this FAFSA mistake happen to you or you could lose financial aid…
The latest statistics reveal that an overwhelming amount of the families that complete the FAFSA form do so with mistakes, errors or inconsistencies that can cause them to lose some or all of their financial aid. A college education is no longer an option. In today’s competitive environment a college education has become a necessity. Paying for college has become increasingly more difficult but it doesn’t have to be. Regardless of how much you earn if you understand how to make the system work for you, paying for college can be easier than you ever thought possible.
The Average Family Spends 25 to 50 Hours Navigating “The Financial Aid Jungle”
The reason why families like yours can lose millions of free college scholarships each year is simple. You are not college financial aid advisors. The financial aid process is not simple or easy unless you don’t care about receiving all the aid you’re entitled to. If you don’t care you can muddle your way through the financial aid process and take advice from friends, neighbors relatives and hope it all works out for you. But as the statistics prove the odds are against you. It’s virtually impossible for your family to learn all the rules and regulations you need to know about when applying for college financial aid.
Even if you had the desire to learn the process it takes years to become an expert. Next you need to learn about the tax code and financial planning strategies, which will take you a few more years. You also need to love paperwork and you must have a keen attention to detail. Your organizational skills along with your patience will be tested through the process.
Strategies To Maximize Your College Financial Aid.
It might be possible that your family can significantly reduce your cost of college by taking advantage of some strategies available to help make paying for college more easily affordable. Even if you take advantage of only a few of the college aid strategies to reduce your cost of attendance you could potentially save thousands of dollars each year.
- Financial Aid and FAFSA strategies for High School sophomores and below
- Financial Aid and FAFSA strategies for High school juniors
- Financial Aid and FAFSA strategies for High school seniors
- Financial Aid and FAFSA strategies for students in college
- Financial Aid and FAFSA strategies for returning college students (adults)
FAST And EASY Solution…
Families all across the country use our financial aid services because as college financial aid advisors we do almost everything for you so you don’t have to worry about learning the financial aid rules and regulations. You’ll know with confidence that you’re going to receive aid without worrying about completing the countless forms and applications that can cause you to lose financial aid. The time you save alone is well worth the small investment, not to mention actually receiving financial aid.
You will benefit from us completing your financial aid forms for you including the FAFSA (which we do for free when you enroll in our program) and the CSS Profile, but there is much more to our college financial aid services then just completing your forms and applications for you.
How families can use the financial aid rules to their favor.
How to unlock the little known stratigies of student positioning to receive more free college scholarships and grants.
How to use being divorced to qualify you for more financial aid and avoid dealing with your “ex”
How to properly appeal financial aid awards using special circumstances to receive more free money and less loan money
How to make your house work for you instead of against you when trying to receive financial aid
How having your own personal college financial aid advisor on call can save you time, money and a whole lot of aggravation
How to get more financial aid from the right college or university.
How you can receive free scholarships from colleges and universities.
Strategies To Maximize Your College Financial Aid.
If you decide to tackle the financial aid jungle on your own, be sure to sign up for our FASS Times newsletter. You’ll learn amazing information that some financial aid Insiders use to receive more money for their own families. You’ll also receive our acclaimed E-course and definitive industry white paper “The Insider’s Financial Aid Survival Brief”. Contact us with your financial aid questions or learn how you can benefit from our college funding services.
An Introduction to Financial Aid in the United States
Are you a student who wants to attend college but seems to be stuck in the lower income class? Don’t lose heart. College and even university education is not just the luxury of the rich. The government has programs in place that can help you. These financial aid programs can direct you to sources of income, both on federal and state levels, as well as from private companies.
Financial aid, in theory, can help students to cover high college costs; specifically, to pay for the cost of tuition and fees, room and board, books and supplies. In terms of strict definition, government funding (such as the well known Pell Grant) is not actually an example of financial aid. Financial aid refers to the awarding of grants or loans to individual students who have been selected for their gifts, circumstances, or for other reasons.
Nevertheless, many people search for financial aid looking for all available resources, government or privately owned. There are three types of awards: grants (which are not repayable), loans and work-study programs. A recent survey stated that there are nine federal programs for financial aid and 605 state student aid programs. Additionally, some educational institutions can also provide their own “merit aid.” When it comes to federal grants, the most important and sought after awards are Pell Grants, SEOG Grants, Academic Competitiveness Grants, SMART Grants, Federal Work-Study Program Grants, Stafford Loans, State Student Incentive Grants and Federal PLUS Loans. Obviously, non-payable federal grants are the best option, but even payable government loans are enticing, since they have low interest rates.
In order to start the financial aid process, students must fill out a form known as a FAFSA. The FAFSA is a document that lists all of the financial information (of student, and family if necessary) that the government must evaluate. In addition to the FAFSA, local colleges or universities may also request a need-based analysis document, such as the CSS Profile.
How much money is given in financial aid? Just consider that in 2009 and 2010 alone, $168 billion dollars was provided to qualifying students. It’s plain to see that the Department of Education is more than willing to provide for America’s youth, and for students of all ages that meet the minimum requirements.
Financially, you are at an advantage if you have low income, but still have protected your credit. (Mostly, the government analyzes whether you have defaulted on tax liens or other student loans) Educationally speaking, you are only required to have a GED or high school diploma, and pass a basic knowledge test to continue in your education.
Recently, Congress tried to cut federal spending for financial aid, but the bill was never passed. It appears that both “sides” are very concerned about financial aid to low to middle income families. We are a capital country and it takes money upfront to create and mold a successful businessperson for the new age. The government realizes this and is more than willing to provide financial assistance to families and individuals who demonstrate financial need. Aim high and you may be surprised at how many people are rooting for your success!
How Financial Aid Works for U.S. Residents
Are you interested in learning about financial aid? There are resources available to you and, contrary to what many cynics say, there are always options you can pursue—even if you come from a low-income family. There are three primary avenues: government grants, loans, and private loans. Naturally government grants are appealing because many of them do not have to be paid back.
Is this a myth? Can you really qualify for financial aid just based on need? Yes, it’s true, though you have to remember that you are looking at a very crowded field. There are millions of people who apply for these loans, and upwards of five million students are granted money to start their college education. The Department of Education analyzes and processes each request.
What factors do they analyze? Mostly, the government is looking for financial data. They want to know a student’s income situation, as well as his/her parents’ if that is applicable. Part of determining whether financial aid is feasible is examining a family’s Expected Family Contribution (EFC). This data lets the government know how much in need the person is, as well as how much a student will wind up paying for college. Many government grants are not actually entire scholarships but portions of the total bill, just enough to give students a head start and to find other means of financial backing.
Interestingly, a student’s aid award is often times decided upon by the institution he or she requests to attend. Therefore, you have the right idea if you’re thinking you stand a better chance of receiving financial aid if you apply more than once to different schools and to different college or university programs.
Don’t get discouraged! Did you know that over 109 billion dollars is given to students each year solely from the government? That’s not even counting the possibility of private loans. One of the reasons government financial aid is especially sweet is because it is “free money.” The only catch is that the student has to meet all obligations in order to use that money.
There are a variety of financial aid options offered from the government, including Federal Direct Subsidized and Federal Direct Unsubsidized Loans, the Perkins Loan, the Parent PLUS Loan, the Pell Grant, and the Graduate PLUS Loan. These loans do have to be paid but they are relatively low on interest.
Remember, that in addition to federal loans, students can also qualify for state-based aid. In fact, local states provide $10.2 billion dollars of aid each year! The only requirements for these programs (typically) is that the student should reside and attend college in the state that provides the financial aid.
All of these loans are awarded to students on a first-come, first-served basis, and it is advised that students apply as early as possible, as the submission process takes a month, and the post submission process takes longer.
There are always ways to pursue higher learning in America, even in times of recession and uncertainty. We have to bank on our future, so let it never be said that the government ignores the educational needs of young people!
Tips for Finding Financial Aid in the United States
Hey, you! Yeah you…did you know that you can receive a government grant or loan—even if you are part of a low-income household? Yes, the federal government gives billions of dollars away each year to deserving students like you, regardless of the obstacles in your life. You’re probably thinking, “What’s the catch?” Maybe you hear advertisements for financial aid but never seem to find any solutions that work for you.
Obviously there is a “catch” for financial aid, at least in the fact that these programs do have requirements for qualification. What are they? They mainly involve household income data, as well as other demographical and location information. However, you don’t have to stand idly by just to take advantage of this government aid. Consider some tips on how to qualify.
1. Hunt down multiple opportunities for grants, scholarships and aid programs.
Often times, your case factors are determined by the state you are in as well as the educational facility you are applying for. It can also help to contact local organizations in your community who can help.
2. Get help with a FAFSA.
Before you apply for financial aid, you must fill out the Free Application for Federal Student Aid. The truth is, if you make one mistake, your application is toast! This is why some students hire professionals to handle the application. This isn’t a requirement but it should illustrate to you the importance of overseeing the process closely. You could also explore free opportunities, perhaps from your local library, from high school counselors, or even from the college or university itself.
3. Aim a Little Bit Lower…at Least When It Comes to School Selection
There’s a reason Harvard has a reputation as a rich boy’s camp! The most prestigious schools tend to be elitist and very expensive. However, you could have an easier time getting in, and perhaps even get more financial aid, by choosing a school without that pedigree. Some of these schools even offer tuition discounts. Your own state school probably has incentives and local opportunities to pursue as well.
4. Use the Gap Year to Your Advantage
Don’t conclude that you have to finish your training all at once before you can start working and prospering. You get grants based on an entire school year. Then you can take a year off while you save more money or look for more grant money. As long as you have a plan (And finish each semester) the time schedule can work to your advantage.
There are many options to pursue in financial aid and you have the world at your fingertips. You can find opportunities online, from government entities to private companies to state programs of interest. Don’t conclude that such a great thing could never happen to you. The truth is, they happen to millions of students a year, of all ages, and from all backgrounds. What you must do is start the financial aid process by filling out a FAFSA and sharing your situation with someone who can help!