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Senators Reintroduce Bills to Help Inform Students about College Loans and Financial Aid

Diverse: Issues in Higher Education

Tina Smith The bills aim to make sure that students are informed and educated about college search and selection, loans, and financial aid. The Understanding the True Cost of College Act would create a universal financial aid offer form and standardize terms used in financial aid.

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

Diverse: Issues in Higher Education

A proposed federal financial aid policy could change the lives of postsecondary students, particularly Black and Latinx students, by allowing them to spend less out-of-pocket for their degrees and prevent the accumulation of student debt, which remains financially crippling for many graduates.

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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! But dont worry, youre not alone!

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

CFAA College Financial Aid Advisors

Receiving your financial aid letter is a huge milestone in your college journey, but it can also be overwhelming. Heres your financial aid breakdown: Free Money: Grants and Scholarships Grants and scholarships are the best parts of your financial aid package because they dont require repayment.

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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. Hopefully this makes higher education more affordable!

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How to Compare Financial Aid Packages and Get the Best Deal for College

CFAA College Financial Aid Advisors

As a high school student preparing for college, one of the most excitingand sometimes stressfulmoments is receiving your financial aid packages. Colleges often send out different offers with varying amounts of financial support, and it can be tricky to figure out which one is the best deal for you.