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Wealth-Based Pell Grant Could Reduce Student Debt and Racial Wealth Inequality

Diverse: Issues in Higher Education

That's the findings from a new report , released by researchers at the Higher Education, Race, and the Economy (HERE) Lab at the University of California, Merced, in cooperation with The Institute for College Access and Success (TICAS). If the FAFSA-reported wealth threshold was set at a low of $500, 2.8

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A Look at What Happens After Submitting the FAFSA

CFAA College Financial Aid Advisors

Heres a breakdown of the next steps after you submit your FAFSA. Confirmation of Submission Once you submit your FAFSA, youll receive a confirmation that your application has been successfully submitted. This confirmation will include a Student Aid Report (SAR) , which summarizes the information you provided on your FAFSA.

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The Best Student Loans: How to Borrow Smarter

The College Pod

So, if you find you can't afford college without some amount of loans, it’s important to consider how much you borrow because you’ll have to pay it back later, with interest. Think of student loans as a double-edged sword. Federal Student Loans Federal student loans are usually the best place to start when borrowing for college.

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Planning for College Starts Now: A Parent’s Guide to a Successful Summer

CFAA College Financial Aid Advisors

Here are some key steps you can take this summer to set your child up for success: Start the Financial Aid Conversation Early Its never too soon to begin talking about how your family plans to pay for college. Not only that, but it helps to reduce the stress that often comes with college applications and financial aid.

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Breaking Down Your Financial Aid Letter: What’s Free Money and What’s Not

CFAA College Financial Aid Advisors

What You Have to Pay Back: Loans Loans are the money you borrow to help pay for school, but remember: this is money youll have to repay, with interest. There are federal student loans, which often come with lower interest rates and better terms, and private loans, which can vary in cost.

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Summertime Financial Aid Prep for Busy Students and Families

CFAA College Financial Aid Advisors

For Rising Juniors: If you are heading into your junior year, now is the time to lay the groundwork for financial aid success. Start by getting familiar with how financial aid works: learn the basics of the FAFSA , scholarships, grants, and the potential of your family’s contribution. You can create that now!

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Direct Admissions Helps Raise Applications, But Not Enrollments

Diverse: Issues in Higher Education

However, although direct admissions was successful in making students more likely to apply to college, it did not have the power to make them go. The researchers observed almost no change in the enrollment rates for students of any category. Direct admissions] doesn’t change the fact that they need to fill out the FAFSA.