financial aid

It’s that time of year when students are starting to think about applying for financial aid and submitting their Free Application for Federal Student Aid (FAFSA). Here are the top 5 mistakes that you should be sure to avoid.

Student Awards & Financial Aid information.

Many tuition payment options are available.

Need money for college? Unfortunately, in their efforts to pay the bills, many students and their families are falling prey to scholarship scams. The Federal Trade Commission cautions students on how to discover fraud.

If you want to begin exploring your financial aid options and get an early start on the financial aid process, FAFSA4caster is for you! By using FAFSA4caster, you and your family will receive an early estimate of eligibility for federal student aid. When you’re ready to apply for aid, much of the information that you enter in the FAFSA4caster will populate your FAFSA on the Web application, making the experience of applying for federal student aid a lot easier.

President Obama stressed that “there are few things as fundamental and necessary to American success than higher education. The best job qualification you can have is a college degree or advanced training.” However, college tuition has grown ten times faster than typical family incomes. While President Obama challenged colleges to lower tuition costs, he’s also made sweeping proposals of reform.

Starting in July, the interest rates on these education loans will drop to a historic low — which will save you thousands of dollars in interest over the life of your loan.