by Jake | Apr 9, 2015 | Financial Aid, Paying for college
What is the FAFSA? FAFSA stands for Free Application for Federal Student Aid, and is a form that prospective and current college students in the U.S. can complete to see what financial aid they qualify for to help pay for the cost of college. The financial aid offered can be in the form of favorable loans, grants, or scholarships from the US Government, the State, or the University and varies depending on the student’s financial needs. Why should I do it? Almost all students qualify for at least some sort of financial aid via completion of the FAFSA. Many people don’t realize that many university-specific grants/financial aid is apportioned only to those who submit a FAFSA, i.e. you run the risk of possibly foregoing totally free money by not doing the FAFSA. Isn’t it really hard to do? Some people say the FAFSA is too hard, but it really is not. You can complete it for free online at fafsa.gov OR you can have somebody help you complete it over the phone with services such as FAFSA.com. The latter has some packages ranging from $79 to $99 to help and can get it done over the phone in about 30-60 minutes. Is it true that if parents make a lot of money then you can’t get financial aid? Some people say the FAFSA is a waste of time because their parents make too much money, but again that is not the case. While it is true that a student might not be offered much or anything ….. Even wealthy people are typically offered at least favorable government loans. Take a subsidized...
by Jake | Sep 5, 2014 | Financial Aid
Who wouldn’t rather spend $10,000 or $20,000 less per year on tuition at an out-of-state univeristy? But is getting in-state tuition a real worthwhile pursuit for you, or is it like chasing a pot of gold at the end of the rainbow? Facts: $31,410 average out-of-state tuition cost at CU-Boulder per year (CU is used for example purposes) $9,048 average in-state tuition cost at CU-Boulder per year $22,362 annual difference between in-state and out-of-state tuition There are about 11,000 CU-Boulder students right now paying out-of-state tuition. Unbeknownst to most of them lurks the startling truth that many could qualify to earn in-state tuition. How can this be? Most people just have no idea there’s an alternative. For those who find out in-state tuition may be a possibility: many don’t pursue any further, some learn all about it but never act, some try to make it happen but fail, some try to make it happen and succeed, some hire a professional company such as In-State Angels to make sure it happens and happens right. Regardless of who you are, some would say you owe it to yourself to figure out—first step—does it makes sense to pursue in-state tuition given your specific circumstances? If it does not, no harm. If it does, make it happen one way or another! What is entailed in getting in-state tuition? In broad strokes, there are two important things that matter most. 1) Domicile: you need to have the present intent to become a permanent Colorado resident as demonstrated by documented behavior consistent with that stated intention. 2) Financial independence (at least some degree for most students anyway):...
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