Education
Financial Aid
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Are any financial aid programs tailored especially to parents of post-secondary students?
Financial aid is available to assist parents with their share of post-secondary (beyond the high school level) educational expenses.
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Are there any assets that are not counted for financial aid purposes?
Four main types of assets are excluded from consideration when determining your child's financial need.
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Can an UGMA/UTMA account reduce my child's financial aid for college?
An UGMA/UTMA account is a custodial account for a minor child and managed by a parent or other designated custodian.
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Can anyone get a Pell Grant?
The Pell Grant is an educational grant that the federal government offers to students who demonstrate exceptional financial need.
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Can we negotiate our child's financial aid award?
In most cases, this will involve a polite business letter to the financial aid administrator (FAA) and a follow-up telephone call or meeting.
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College Application and Financial Aid Calendar
Senior year is quickly approaching, and decisions need to be made.
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Comparison of Federal Higher Education Loans
This table compares an unsubsidized Stafford loan, a subsidized Stafford loan, a Perkins loan, and a PLUS loan.
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Do colleges offer financial aid?
Next to the federal government, colleges are the second-largest provider of financial aid.
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Financial Aid Calendar
Here's a calendar highlighting the important tasks to be done during the senior year of high school.
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How can my child find scholarships for college?
Scholarships are definitely a preferred type of financial aid because they do not have to be repaid.
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How do I apply for financial aid?
You should start by filling out the federal government's aid application — the FAFSA.
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How do I know if I'm eligible for federal financial aid?
For most parents, even two-income parents, it's difficult to predict who will qualify for financial aid.
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How does the federal financial aid process work?
The difference between the cost of attendance at your child's college and your EFC is your child's financial need.
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Is there anything I can do now so that my child can obtain more financial aid later?
All federally funded financial aid programs determine how much a family must contribute before becoming eligible for financial aid.
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What are the major federal financial aid loan programs?
The three major federal financial aid programs are Stafford, Perkins, and PLUS.
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What happens if our child's college does not give us all the financial aid we need?
A common misconception is that if your child qualifies for financial aid, he or she will receive 100 percent of the aid he or she needs.
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What is a Stafford Loan?
Stafford Loans are among the most popular and available of education loans.
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