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Financial Aid Glossary: Terms You Need to Know for College Planning

CFAA College Financial Aid Advisors

However, it is so important to understand the various acronyms and terms you’ll see in applications, on paperwork, and in your financial aid offer letters. In this guide, I’ll break down some of the most important key financial aid terms you need to know to approach the college process with confidence and clarity!

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Direct Admissions Helps Raise Applications, But Not Enrollments

Diverse: Issues in Higher Education

For a prospective college student beleaguered by the complexities of the application process, direct admissions is like a dream come true. Odle said that students tend to figure, “Once I’m in there, and I’ve already been admitted, why don’t I just go ahead and submit another application?” points likelier. “We

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Understanding Financial Aid: Loans, Grants, and Work-Study Explained

CFAA College Financial Aid Advisors

As you prepare for college, understanding the world of finances can feel like learning a new language, especially when you start looking at your financial aid award letter. Heres a few key terms that you need to know when it comes to loans, grants, and work-study! Loans: Loans can be a tricky part of your financial aid package.

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Overview of Federal Direct Student Loans

College Planners of America

Federal Direct Loans are government-backed financial aid options provided by the U.S. Education Department (ED) to help students afford the costs of higher education. Interest begins to accrue from the time the loan is disbursed, and borrowers are responsible for paying all of the interest.

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It’s Not Too Early: Start Your Financial Aid Planning Now

CFAA College Financial Aid Advisors

But there’s one important part of the college journey that many students delay – financial aid planning. So, let me reassure you: it’s not too early to start thinking about financial aid planning to pay for college. These can strengthen both scholarship applications and college admissions.

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5 Big FAFSA Updates That Will Impact Your Financial Aid This Year

CFAA College Financial Aid Advisors

For students preparing to apply for financial aid, the Free Application for Federal Student Aid (FAFSA) is a crucial part of the process. This can help to maximize your eligibility for aid and financial aid funding. Submit your application as soon as you can!

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Early Action: Gain Admission to College Early Without Financial Aid Pressure

CFAA College Financial Aid Advisors

As a high school senior, the college application process can feel like a marathon. If you’re looking to gain admission to your dream school without the added pressure of figuring out your financial aid package right away, Early Action might be the perfect choice for you. What Is Early Action?