Here’s What You Need to Know About the FAFSA Simplification Act
During the 2020-2021 FAFSA application cycle, 17.8 million FAFSAs were submitted. If you’re planning on applying for the first time, you may have heard about the FAFSA Simplification Act. Starting during the 2024-2025 award year, the FAFSA Simplification Act will change the way federal aid is provided to students. This might make parents, guardians, and […]
Parent PLUS Loan: Everything You Need to Know
Consider the following: the average student pays $36,436 annually for college tuition, supplies, living expenses, and books. If you’re looking to help your child finance college, then a Parent PLUS loan is worth investigating. With so many loan options to choose from, both federal and private, it’s important to understand what each loan offers. This […]
Paying Your EFC for College
Consider the following information: 36.7% of undergraduate students receive federal loans that average $8,285. Another 42% of undergraduate students receive an estimated $5,179 just in federal grants. Even more importantly, in a single academic year, it’s reported that $2 billion in federal student grants remain unused by students. With this amount of federal money in […]