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

CFAA College Financial Aid Advisors

Ive seen how early preparation can help families make more informed decisions. Not only that, but it helps to reduce the stress that often comes with college applications and financial aid. Understanding these factors early will help your child make more informed decisions about 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

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. Be sure to check if any scholarships are renewable, meaning they can continue each year as long as you meet certain criteria.

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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. Otherwise, you’re unable to make informed decisions with your family about how to pay for school! Scholarships come from colleges, private organizations, or community groups.

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

CFAA College Financial Aid Advisors

The timing of your application—whether you choose Early Action or Regular Decision—can influence both the financial aid options available to you and your ability to make a fully informed decision. With Early Action, you may receive your admission decision in December, but financial aid offers often won’t arrive until later.

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

CFAA College Financial Aid Advisors

This means you can compare not only the acceptance offers from multiple schools but also the financial aid packages that come with them. This timing is crucial for making a fully informed decision about which school fits your academic and financial needs.

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A Look at What Happens After Submitting the FAFSA

CFAA College Financial Aid Advisors

This confirmation will include a Student Aid Report (SAR) , which summarizes the information you provided on your FAFSA. Its important to review this report for any errors or missing information. The schools financial aid office will then use this information to create a financial aid package for you.

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

CFAA College Financial Aid Advisors

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. Heres a step-by-step guide to help you make an informed decision about your college financial aid package. Also, pay attention to the interest rates on loans.