article thumbnail

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. Loans: Loans can be a tricky part of your financial aid package. Its important to balance work-study with your class schedule to avoid burnout.

article thumbnail

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. Schedule a 15 Minute Power Chat to learn more about finding ways to pay for college.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Study: College Mental Health and Financial Concerns Reach Critical Levels

Diverse: Issues in Higher Education

Financial strain emerged as a leading concern, with nearly one-third (31%) of respondents citing economic pressures as their primary reason for considering withdrawal. Many students reported relying on a complex patchwork of financial aid, scholarships, and employment to cover their educational expenses.

article thumbnail

Regular Decision: Your Best Option for Comparing Financial Aid Offers to Pay for College

CFAA College Financial Aid Advisors

While options like Early Action and Early Decision may sound appealing for getting a jumpstart on the admissions process, if financial aid is a priority for you, Regular Decision might be your best bet. This timing is crucial for making a fully informed decision about which school fits your academic and financial needs.

article thumbnail

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!

article thumbnail

Early Action vs. Regular Decision: Which Is Best for Your Financial Aid Strategy for College?

CFAA College Financial Aid Advisors

If your family is navigating the financial aid process, the timing of your application can impact your financial aid strategy, too. You will still receive your financial aid package along with your acceptance decision. But you’re not required to make a decision on financial aid immediately.

article thumbnail

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

CFAA College Financial Aid Advisors

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. If you’re applying to schools that offer need-based financial aid, early action gives you time to weigh your options.