The Greatest Financial Aid Blog In The Whole World
Student debt - for realsies

The media keeps quoting the average student loan figure as cause for concern at $27k but in fact student loan debt is much, much worse. The figure they quote only reflects the following:

5500       Fresh sub/unsub loans

6500       Soph

7500       Junior

7500       Senior

 27,000 Total – student fed only

 This does not reflect students with additional unsub after parent PLUS denial..

 This also does not reflect the PLUS debt that families do take on.

 Also does not reflect private alternative loan debt, which is huge.

Doesn’t even acknowledge the loan fees taken off the top or the accruing interest of each loan.

 This only reflects a 4 year degree. If a student fails courses and takes 5 or six years to graduate, the debt increases of course. If they go on for graduate school it skyrockets.

 The media needs to check their facts more deeply.


Your Spring Checklist
       File 14/15 FAFSA at www.fafsa.ed.gov 
Both student & parent must e-sign FAFSA online with pin #s (save pin #s for future years)
       Submit additional documentation requested by schools such as tax transcripts, verification worksheets, child support statements, etc. promptly. It will not pay to procrastinate.                                             
      Sign and return award letter to FA office to accept aid 
       Complete both Direct Loan Entrance Counseling and Direct Loan MPN (master promissory note) online at
 studentloans.gov   - have parent or counselor nearby
         Receive and carefully review bill from Bursar 
       Apply for supplemental parent PLUS or private alternative loan financing, enroll in payment plan or make full payment to Bursar to cover remaining balance 
 *Remember to create a financial aid file at home to keep all pin numbers and documents organized and safe for future reference
                                     

Your Spring Checklist

       File 14/15 FAFSA at www.fafsa.ed.gov

Both student & parent must e-sign FAFSA online with pin #s (save pin #s for future years)

       Submit additional documentation requested by schools such as tax transcripts, verification worksheets, child support statements, etc. promptly. It will not pay to procrastinate.                                            

      Sign and return award letter to FA office to accept aid

       Complete both Direct Loan Entrance Counseling and Direct Loan MPN (master promissory note) online at

studentloans.gov   - have parent or counselor nearby

         Receive and carefully review bill from Bursar

       Apply for supplemental parent PLUS or private alternative loan financing, enroll in payment plan or make full payment to Bursar to cover remaining balance 

 *Remember to create a financial aid file at home to keep all pin numbers and documents organized and safe for future reference

                                     

http://www.duckbrand.com/promotions/stuck-at-prom
It’s “Duck Tape Prom Scholarship” time again!!

http://www.duckbrand.com/promotions/stuck-at-prom

It’s “Duck Tape Prom Scholarship” time again!!

TEENAGERS OF THE WORLD:
Take it easy on your parents.
See…when two human beings are making a baby…..they are NOT thinking about the cost of 4 year degree and possible graduate school. 
They’re just not.

TEENAGERS OF THE WORLD:

Take it easy on your parents.

See…when two human beings are making a baby…..they are NOT thinking about the cost of 4 year degree and possible graduate school.

They’re just not.

We heard through the grapevine today that Direct Loan interest rates will rise again this July.
(weeping, gnashing of the teeth)

We heard through the grapevine today that Direct Loan interest rates will rise again this July.

(weeping, gnashing of the teeth)

Tomorrow is Tax Day!

Make sure you get ‘em done, then update your FAFSA

If you have decided to decline a financial aid offer at a school(s) it is important for you to call or email their FA Office and politely let them know. That way they can focus on students who do need their assistance.

If you have decided to decline a financial aid offer at a school(s) it is important for you to call or email their FA Office and politely let them know. That way they can focus on students who do need their assistance.

Wait until you’re middle-aged.
People only talk about divorce, health problems, and dying parents.

Wait until you’re middle-aged.

People only talk about divorce, health problems, and dying parents.

Happy Birthday to this blog!
One year’s worth of insider Financial Aid secrets.
Read through the archives if you are hoping to go to college.
It’s stuff you and your family will need to know.

Happy Birthday to this blog!

One year’s worth of insider Financial Aid secrets.

Read through the archives if you are hoping to go to college.

It’s stuff you and your family will need to know.

Tax Day is coming up (April 15th)
Make sure you and your parents update your 14/15 FAFSA with the finalized figures.

Tax Day is coming up (April 15th)

Make sure you and your parents update your 14/15 FAFSA with the finalized figures.

Telling the FinAid office you are “too busy with senior year activities” to take the time to apply for scholarships makes you look like a real dummy.
Don’t be a dummy.

Telling the FinAid office you are “too busy with senior year activities” to take the time to apply for scholarships makes you look like a real dummy.

Don’t be a dummy.

College students might not have a lot of money but…they can still help people in other ways.