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Don’t Fall for These 4 Financial Aid Myths

on January 31, 2012 in College Costs, Financial aid, Money

Many of the biggest misconceptions that people have about the college process revolve around financial aid. Now that we’re in the midst of financial aid season, I wanted to share four financial aid myths that are probably the most common. 1. I make too much money to qualify for financial aid. You shouldn’t automatically assume [...]

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Getting Bad News From Johns Hopkins

on January 9, 2012 in College Costs, Financial aid, Money, Parents, Scholarships

I have been writing college blog posts recently about teenagers who have arguably been applying to the wrong colleges. (Scroll to the bottom to see my three previous posts.) All my posts have involved families who required financial aid, but today I’m sharing the plight of a father who is too wealthy to receive need-based [...]

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Getting Ready to Apply for Financial Aid

on December 8, 2011 in Admissions, Applying, Financial aid

If your child will be heading to college next fall, now is the time to prepare for applying for financial aid. Your first step is to know what type of financial aid applications you will have to complete. Students won’t be eligible for financial aid unless they complete the Free Application for Federal Student Aid [...]

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Will Saving for College Hurt Your Chances for Financial Aid?

on November 28, 2011 in College Savings, Financial aid, Money, Parents

Many families worry that their college savings accounts will kill their chances for financial aid. It’s been my experience that it’s usually dads who get stressed out about how colleges will treat their college accounts for financial aid purposes. Some fathers whom I’ve talked are down right bitter. They are especially incensed at the possibility [...]

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How To Determine Your EFC

on October 13, 2011 in College Costs, Financial aid, Money

In my last blog, I talked about why it’s important to know what your EFC or Expected Family Contribution is. Here is the post: What Is Your Expected Family Contribution? Today, I’m going to show you how you can get a preliminary EFC, which is not as tough as you might assume. You just need [...]

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How Does Financial Aid Work When You’re Divorced?

on October 6, 2011 in Admissions, Applying, Financial aid, Money, Parents

Filing for financial aid can be more complicated when the parents are divorce. A Divorced Dad From Massachusetts I thought I’d bring this up because of an email that I received from a divorced dad from Massachusetts, who has not remarried. He makes about $100,000 a year and doesn’t own a home. His ex-wife did [...]

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