Financial Aid Articles

6 Places to Look for Scholarships

Scholarships are used to help pay for your college education. There are generally two types of scholarships: merit-based and need-based. Merit-based scholarships are given for academic achievement, whereas need-based scholarships are given to students with great financial need. Here are 6 Places to Look for Scholarships: 1. Your High School Guidance Counselor. If you’re a […]

New Rules for Federal Student Loans: 5 Things You Should Know

Recently, The U.S. House of Representatives approved a proposal to overhaul the federal student loan program. StudentAdvisor.com is here to help you understand all the details with our list of 5 Things You May Not Know about the New Student Loan Proposal: 1. FEDERAL STUDENT LOANS ONLY. The new changes to the student loan program […]

10 Things That Could Happen if You Default on Your Student Loans

If you default on your student loans, meaning that you are more than 270 days delinquent on your loan repayments, there can be serious consequences. Here are 10 things that could happen if you default on your student loans: 1. SMALLER PAYCHECK. Your paycheck may dwindle. The government can take a limited portion of your […]

Financial Aid Secrets

By Lee Harrell, Special to StudentAdvisor.com First thing that comes to mind when you think about college? Tuition. How are you going to pay for your child’s higher education? Use these financial aid secrets: 1. FILL OUT THE FAFSA. The Free Application for Federal Student Aid (FAFSA) may be the key to unlocking doors to […]

7 Tips to Negotiate Financial Aid

College costs a lot of money. Look for all different types of financial aid available for your child and your family. Start early, and use these 7 Tips to Negotiate Financial Aid: 1. SET UP YOUR CHILD FOR SUCCESS. Encourage your child to be involved in school and take on leadership roles. By preparing them […]

How to Calculate Financial Aid

One of the most important decisions when picking a college is whether or not you can afford it. StudentAdvisor is here to help you calculate your financial aid need. The estimate of a family’s ability to contribute to their child’s college expenses is called the Expected Family Contribution (EFC). The lower the EFC means the […]

10 Common FAFSA Mistakes

By StudentAdvisor.com The best way to fill out the FAFSA, Free Application for Federal Student Aid, is early and online. If you apply online, your application will likely be processed faster and be more accurate since it’s being filled out on the FAFSA website. Making mistakes on your FAFSA could delay the processing of your application, […]

7 Steps to Managing the Cost of College

Paying for college can be a daunting task for many students and their families. In addition to the typical confusion over all the available options for paying for college, there is the aftermath of the financial market meltdown, tightened credit and recent federal government changes to student loan structures. At the same time, two primary […]

Top 10 Financial Aid Tips

By Helen Nunn, Special to StudentAdvisor.com  The U.S. Department of Education provides approximately $100 billion a year in government student aid for college. Two-thirds of students receive at least some financial aid today, so it’s important to know where to look. 1. Identify the colleges which best meet your academic, extracurricular and geographic criteria. Investigate schools which […]