ABCs of FSA IDs

  By Julie Gross Every student should be completing the FAFSA as they apply to college this fall. Creating an FSA ID is the very first step in this process.  FSA stands for Federal Student Aid and the ID you create will serve as your legal signature when completing the FAFSA, accepting Direct loans or […]

Direct Loans

By Julie Gross Students that submit a FAFSA will be awarded Direct loans as part of their financial aid package.  You may see two Direct loans. One is a subsidized loan, meaning there is no interest as long as the student attends college at least half-time, until they graduate. The subsidized loan will be $3,500 […]

Financial Aid and Divorce

Going through a divorce is tough, being divorced with kids is even tougher and being divorced with kids preparing for college can be brutal.  Understanding the basics will help quell some of these anxieties.   Keep in mind that all information provided on financial aid applications is kept separate and confidential.  At no time do […]

Financial Aid and Early Decision

By Julie Gross Early Decision is an application process which involves a binding contract.  Early decision is not to be confused with early action which is a non-binding application process. The term “binding” means that if the student is accepted through an early decision application, that student must withdraw all other applications and attend that school as per the […]

Who Should Be Applying For Financial Aid? EVERYONE

An excellent article was recently published in Forbes explaining the process behind admissions and the manner in which financial aid is distributed.  The research and findings in this article is something everyone should strongly consider when applying to colleges and for financial aid.  Showing the school your ability to pay for college may actually put […]

Important FAFSA Information

The FAFSA becomes available as of January 1, 2014.  All colleges will require this form for students applying for financial aid.  The process of applying for financial aid can seem daunting to most families.  A myriad of questions run through our minds like will this will hurt my chances for admission, am I answering everything […]

Will Applying for Financial Aid Hurt My Chances?

Most colleges proudly claim to be need-blind, meaning they will not take financial need into consideration when determining admission.  A better student may receive a more attractive financial aid package but a lesser student will not be rejected based on financial need. Need-aware schools such as Tufts, Trinity and Lafayette will admit a majority of […]

Financial Aid Glossary

In our efforts to simplify a very complicated system, we have compiled a short list of terms you will most definitely come across when preparing for your college years.  We hope this helps!   Academic Year: The year in which school is in session – usually September through May. Accrual Date: The date on which […]

Public vs. Private

The biggest misperception we notice with our clients is the belief that their child is limited to certain schools because of cost.  Parents will naturally assume that the state universities, with an obvious lower price tag, are much less expensive than the private universities.  For in-state students the price difference of a state university is […]