Tag: FAFSA
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How to Pay for College on Your Own
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Families spent an average of $26,373 in the academic year 2020-2021 on tuition and college expenses. More than half of them used grants and scholarships, while 47% of them used student loans. Complete the FAFSA Form It all starts with submitting the Free Application for Federal Student Aid (FAFSA). Submitting…
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A Guide to Professional Specializations in College Planning Industry
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Even for parents who have practical knowledge of the various calculations for saving for college costs, they may feel pressure when implementing their plans. A trusted professional can relieve the stress for parents already managing a busy life. 01 of 07: Certified Financial Planner (CFP) The CFP credential is one…
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Will grandparents’ gifts affect financial aid?
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Paying for college can be expensive for parents, and contributions from grandparents can be a welcome source of financial assistance. If students are also planning to apply for financial aid, it is important to consider how contributions from 529 accounts established by grandparents or cash gifts can affect the student’s…
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What is variable retirement?
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Definition and Example of Variable Annuity A variable annuity is a contract with an insurance company that provides income during retirement. It includes a self-directed variable investment component and an insurance component. How Variable Annuities Work To open a variable annuity, you pay at least one premium just like you…
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Should I establish a holding company for my business?
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Do you own multiple businesses? Many small business owners own several businesses. If you are in this situation, you may want to consider creating a holding company as a public entity. The reason for this is to maintain a separation of liability between the businesses and manage them together. What…
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Understanding the Stafford Student Loan Program
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The federal Stafford Loans program is the cornerstone of most student financial aid packages. Students using Stafford Loans can borrow a substantial amount of money regardless of their financial needs, whether for undergraduate or graduate programs. Borrowing Limits for Stafford Loans The limits on Stafford Loans depend on two factors:…
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Do you have to pay back a Pell Grant?
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The Pell Grant is a federal grant awarded by the Department of Education to college students who have not yet obtained a degree and demonstrate “exceptional financial need.” The Department of Education typically awards a Pell Grant to a student seeking a bachelor’s degree. How Pell Grants Work To apply…
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What You Need to Know About Coverdell Education Savings Accounts
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The Coverdell Education Savings Account (ESA) is an ideal option for parents and grandparents who wish to start early in supporting the education of their loved ones in college. Like any other investment, it is important to understand the fine details of this long-term savings tool, and this beginner guide…
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غراد بلس هو نوع من القروض الطلابية، ويُستخدم عادةً لتمويل التعليم العالي. يُقدَّم هذا النوع من القروض بواسطة الحكومة الفيدرالية في الولايات المتحدة، ويتميز بعدد من الخصائص، مثل: 1. تخفيف المدفوعات: يمكن أن تكون المدفوعات أكثر مرونة، وغالبًا ما تعتمد على مستوى دخل الخريجين. 2. معدلات فائدة منخفضة: تتمتع معدلات الفائدة عمومًا بمستويات أقل مقارنةً بأنواع أخرى من القروض. 3. إعفاءات محتملة: يمكن أن يتيح للخريجين بعض الخيارات للإعفاء من القرض تحت ظروف معينة، مثل العمل في القطاع العام. 4. عدم الحاجة لوسيط: لا تحتاج إلى وجود ضامن أو كفيل للحصول على هذا النوع من القرض، مما يسهل العملية. هذا النوع من القروض مصمم لمساعدة طلاب الدراسات العليا على تمويل تعليمهم دون ضغوط مالية مفرطة، مما يسهل عليهم تحقيق أهدافهم الأكاديمية والمهنية.
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The Grad PLUS loan is considered a type of federal student loan under the Direct Loan program of the U.S. Department of Education and is offered to graduate or professional students. How Does the Grad PLUS Loan Work? If you have applied for federal financial aid, your financial aid offer…
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What are financial aids?
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Financial aid is funding that helps college students pay for higher education expenses such as books, tuition, housing, meals, and supplies. It often takes the form of scholarships, grants, loans, and work-study programs. How Does Financial Aid Work? Financial aid helps cover the costs of college so that families do…
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How Subsidized Loans Work
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When you borrow money using a subsidized loan, you can avoid paying interest on your loan balance – at least temporarily. This feature makes borrowing less expensive and can reduce the overall cost of anything you’re borrowing for. How Subsidized Loans Work With subsidized loans, someone pays the interest costs…
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Financial Aid Checklist for Parents of Final Year Students
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The student financial aid application is essential in the final year. Navigating the financial maze of student financial aid can be challenging, even with help from a college financial aid counselor. Student Financial Aid Checklist for Parents There are many things to discuss when it comes to financial aid with…
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What is commercial health insurance?
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Commercial health insurance is a health insurance plan that is managed and regulated by a private company, rather than by the federal or local government. How does commercial health insurance work? Commercial health insurance is a type of insurance that is not managed by the federal or local government. Instead,…
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Helping Your Teen Understand College Costs
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What Your Teen Should Know About Paying for College Different Ways to Pay for College Parents and guardians should help teens understand the options available to secure funds for education. These options include: Scholarships and grants: These should be investigated first, as they do not need to be repaid. Scholarships…
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How does my income affect my student aid?
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As a college student, your income directly affects your financial aid, as it is used to calculate the amount of federal financial assistance you are eligible for. But how does that work exactly? Here’s what you need to know. Why Does My Income Affect My Financial Aid? When completing the…
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How to Apply for a Pell Grant
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Pell Grants are considered financial aid that can cover college expenses if you qualify for them. Pell Grants can help cover college costs if you meet the required criteria. What is a Pell Grant? A Pell Grant is a financial gift provided by the federal government through the federal Pell…
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I’m a single mother. How can I help my son with college expenses?
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In this article, we will discuss how a single mother can help her son pay for college. We will provide some tips and strategies to alleviate the financial burden and make college more affordable. We will talk about steps that can be taken to save and obtain financial assistance from…
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What is the purpose of academic work?
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The work-study job is a part-time position offered by the federal work-study program. This government program in the United States funds part-time jobs for college students who need financial assistance while enrolled in college. How do work-study jobs work? The federal work-study program is part of the federal financial aid…
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How to Get a Student Loan
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When it comes to paying for education, it’s not an easy task. Some families and employers bear the costs of education, but not everyone is that lucky. If you need more money to cover college expenses, you’ll need to know how to obtain a student loan. Federal Loans vs. Private…
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Mistakes in College Funding Planning Made by Parents
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1. Not Underestimating the Expected Family Contribution The expected family contribution (EFC) is the part of a family’s income and assets that you are expected to spend in any given year before financial aid begins. Generally, financial aid will only cover college costs that exceed your EFC. 2. Ignoring Time…
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The Best Movies Available on Max: From Classics to Oscar Nominations
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The HBO network, known for producing many prestigious television programs such as “The Sopranos” and “The Wire,” is a leader in modern media. With its transition to the Max platform, it continues to offer a remarkable array of original series and feature films that aspire for Oscar dreams. However, due…
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We Haven’t Arrived Yet – ChatGPT Test Fails to Diagnose Children’s Medical Cases with an Error Rate of Up to 83%
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It turns out to be poor at recognizing relationships and needs selective training, researchers say. Introduction ChatGPT is still not like Dr. House. While the talkative smart robot previously failed in its attempts to diagnose difficult medical conditions – with an accuracy rate of 39 percent in last year’s analysis…
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Changes in the New Student Loan Request: What You Need to Know
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More than 400,000 people have started or submitted the 2024-25 version of the federal student aid application since it was released to prospective students last Saturday, according to the Department of Education, making them the first among millions who will see a completely different version of the application this year…
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The Future of Sustainable Transportation: Innovations and Solutions for Enhancing Environmental Efficiency and Optimal Mobility
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### 1. Introduction: The Importance of Sustainable Transport in the Era of Climate Change Transportation contributes significantly to the worsening problem of climate change, with statistics showing that the transport sector alone accounts for about 24% of global carbon emissions, according to reports from the International Energy Agency. Amid these…