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Financial Aid

The frustrating reason college students miss out on the most suitable federal-aid loans

A new study sheds light on how the complicated design of student-aid programs affects borrowing decisions As the student-loan debt bubble grows, lawmakers and consumer advocates are pushing for better counseling to help students make better-informed borrowing decisions. But as a new working paper circulated Monday by the National Bureau of Economic Research shows, counseling Read More

FAFSA deadlines your students should know

For students seeking federal financial aid to pay for college, the deadline to submit the Free Application for Federal Student Aid, or FAFSA, is on June 30 each year. But to maximize their chances of getting aid, every prospective and current college student would ideally promptly submit the FAFSA shortly after the application opens on Read More

Should student debt be canceled?

What’s happening: The rising cost of education and the increasing necessity of a college degree in many professions have led to an explosion in student loan debt in the U.S. Americans now owe $1.56 trillion — a figure some experts have called a “crisis” for the economy. Many 2020 Democratic presidential candidates have proposed measures to alleviate the financial burdens that Read More

New study shows one-third of parents delay retirement to pay for their child’s college education

Discover Student Loans recently conducted a national online survey of 2,015 students, former students and parents in the United States. Almost one-third (31 percent) of parents with students currently in school or recently graduated say they may have to work longer or retire later due to helping pay for their child’s college education. The survey Read More

How to Appeal a Financial Aid Letter

How do you appeal a financial aid letter? Should you appeal a financial aid award? What kind of college awards can you appeal? I directed these financial aid questions to Mark Kantrowitz, a nationally recognized financial aid expert, who has just published a book entitled, How to Appeal for More Financial Aid Awards. Mark is Read More

Free new budgeting tool available for your students

It is estimated that 70% of college students are stressed about their personal finances. OneClass has created a free and intuitive college budget template that gives real-time advice based on spending habits. It’s very easy to use. Here is a link to the Excel template: College Student Budget Template Students just need to add in basic Read More

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Link for Counselors