Help for middle class families. Reducing college loan burden of students and parents. These are a couple of the reasons given by colleges and universities for developing “No Loan” financial aid policies. Institutions of higher education instituted these financial aid policies, which fully fund financial need of families with AGIs under institutionally prescribed caps without requiring or offering student or parent loans. The AGI caps vary from college to college. The income caps can be set at anywhere from $50,000 to $120,000. Colleges accomplished these “No Loan” goals by utilizing institutional grants and scholarships in conjunction with federal grants, scholarships [...]
Visiting the Financial Aid Office
by AdminVisiting the financial aid office is all about arranging your money for college. Whenever you eventually decide where you want to go, the next question becomes if you can afford it or not. How much money do your parents have to put towards your college education? How much money are you eligible for in grants? How much are you willing to take out student loans? How much money are you eligible for when it comes to scholarships? These are all questions you must think about and answer thoroughly.Whenever you visit a college campus, nature you take some time to visit [...]
College Financial Aid Rule Number 1
by AdminA few years back when I first started in the college financial aid field I went to my first staff meeting. As the new kid on the block, I stayed quiet and soaked it all in. By the end of the meeting I was convinced that I had made the biggest mistake of my life. How was it possible, I wondered, that even though the entire staff was speaking English, I didn’t understand a word of what they were saying. Within an hour, I had turned from optimistic newcomer to defeated flunky. I skulked back to my desk and checked [...]
