The Greatest Financial Aid Blog In The Whole World

fastcompany:

Want to get your feet wet working with some of the most popular content on Fastcompany.com? Come work for us!


Which one is YOUR family?

It’s important to not let college financing get you too worked up emotionally.

While you’re hyper-focused on a loan you might miss a scholarship or job opportunity that is right in front of you.

Watch this Matisyahu video and you’ll understand.

Debt is very serious.
Take a look at what this student is dealing with (above).

Debt is very serious.

Take a look at what this student is dealing with (above).

Reality Check: this is a sample of what scholarship winners look like

2014 scholarship recipients include:


• Rachel Braman of Loudonville, NY helps others as the Project Director of the Anti-Human Trafficking Pro
Bono Legal Project at Albany Law School where she attends school.
• Bevin Bankston of Saunderstown, RI has participated in mission trips to Mexico, Tennessee and Turkey,
and has been involved in several community service projects in Rhode Island. He is attending New England
Institute of Technology in the fall.
• Zachary Certner of Morristown, NJ started a nonprofit organization called SNAP, Inc., which provides special
needs children with athletic and social programming. He will attend Duke University in the fall.
• Kathryn Clark of San Ramon, CA developed a resource website for newly bereaved children called “Grief
Pals”. She will be attending Cal-Poly in San Luis Obispo, CA.
• Sydney Devane of Jacksonville, FL founded “Better Bags for Kids” to eliminate foster and abused kids from
having to use garbage bags to pack their things when moving from home to home. She will be attending
University of North Florida.
• Theodore Kretzman of Poy Sippi, WI is a certified Outdoor Emergency Care Technician, National Ski Patrol,
who volunteers over 100 patrol hours per season. He will attend Michigan Technological University.
• Cindy Le of Chandler, AZ began the American Red Cross Club on her campus, providing medical supplies,
raising funds and awareness for issues impacting third world countries. She attends Arizona State University.
• Alyssa Savarino from Malden, MA volunteers at Middlesex Hospital in CT, tutors elementary and high school
students and works with children with developmental disabilities. She attends Wesleyan University.
• Ashley Williams of Los Angeles, CA co-founded the Bruin Guardian Scholars (BGS) Program, a program
that focuses on providing a peer network for foster youth, academic enrichment, and opportunities for
advocating publicly on the behalf of former and current foster youth at UCLA. She is attending Southwestern
Law School.
• Christopher Yao from Jericho, Long Island, NY founded the nonprofit Kids Change the World whose mission
is to leverage the power of youth to change the lives of children around the world He attends the University
of Pennsylvania.

LONG STORY SHORT…YOU HAVE TO WORK HARD TO EARN SCHOLARSHIPS. AND YOU HAVE TO COMPETE AGAINST VERY ACCOMPLISHED STUDENTS.

What is the best way to pay off a student loan? Key terms?

The best way to pay off a student loan can depend on both the person and the type of loan.

High interest private loans? Fast as you can! Quick like a bunny!

Federal loans? Investigate the various repayment options at

https://studentaid.ed.gov/repay-loans  and see which one fits your lifestyle


What happens when my school “merges” with another?
Despite soothing promises that only good change will happen and that the culture will not be destroyed… that’s almost never the case.
Pretty much everything will change.
The word “merger” is mis-used in these situations to quell fear. The real word is ACQUIRED.
I’m not saying trust no b*&^%# but…..
trust no b*&^%#.

What happens when my school “merges” with another?

Despite soothing promises that only good change will happen and that the culture will not be destroyed… that’s almost never the case.

Pretty much everything will change.

The word “merger” is mis-used in these situations to quell fear. The real word is ACQUIRED.

I’m not saying trust no b*&^%# but…..

trust no b*&^%#.

Art School: It’s important you pick one that has a culture you feel creative and inspired and free in. 
You don’t usually find that it in large chain institutions or schools that specialize in online courses instead of studio work.
Isn’t it the the nature of an artist to rebel and be anti-establishment and despise, as a round peg, being forced into a square hole?

Art School: It’s important you pick one that has a culture you feel creative and inspired and free in.

You don’t usually find that it in large chain institutions or schools that specialize in online courses instead of studio work.

Isn’t it the the nature of an artist to rebel and be anti-establishment and despise, as a round peg, being forced into a square hole?

What are the top five things for a high school senior to know about student loans before borrowing?

1. Loans should be your last resort. Apply for many scholarships, work part time, save christmas/birthday/graduation gifts to pay for college.

2. Federal Loans (sub/unsub) cannot be consolidated with private alternative loans. That means you will have more than one bill every month. Pretty tough to manage for most young people.Especially if you can’t find a job.

3. When you are young and don’t have any established credit history you will need a credit-worthy co-borrower to even get a private alternative loan.

4. Just because a lender or bank gives you a “free” teddybear or tshirt does not mean they are your friend. They are not looking out for you.

5. Some lenders are predatory and they rely on the fact that you don’t know what you’re doing. Get advice from FA Office at your school and parents before you sign anything.