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FAFSA: How to Handle Financial Changes

How do families handle FAFSA changes if their financial situation is different?  Life is constantly changing and current financial circumstances may be different than the tax information reported on the 2020-2021 FAFSA form.  If this is so, follow the below steps to report your current financial circumstance. Here are things you need to review if [...]

FAFSA: How to Handle Financial Changes2019-10-27T13:45:07-05:00

Using A College Financial Planner

With the increased cost and complexity of the college-funding decision more families are hiring a financial advisor to help with college planning.  Getting advice for your child’s college decision may be a good idea as more Americans are burdened by student loan debt.   According to the Federal Reserve, as of July 2019, Americans owe $1.59 [...]

Using A College Financial Planner2019-10-27T13:53:20-05:00

Student Loan Repayment Benefit For Non-Profits

As student debt continues to increase, more employers are beginning to include a student loan repayment plan as an employee wellness benefit.  According to a recent Society of Human Resource Management (SHRM) survey, approximately 7% of US companies have implemented a student loan repayment solution and this will grow to 30 – 35% in the [...]

Student Loan Repayment Benefit For Non-Profits2019-10-27T14:05:36-05:00

Recertifying Your Student Loan Repayment – An Annual Requirement

For many student loan borrowers, the next few months are the peak time to recertify your student repayment.  This affects any person who is using an Income-Driven Repayment Method (IDR).  Before we discuss recertifying your student loan repayment, let’s review what IDR is.  As more students and families need to borrow money for college, the [...]

Recertifying Your Student Loan Repayment – An Annual Requirement2019-10-27T14:09:33-05:00

FAFSA Changes

Students and Parents will be completing the FAFSA 2020-2021 form and the application will be available on October 1, 2019.  Families will be using the tax information from the tax year 2018 due to the rule called Prior Prior.   This year there are a few FAFSA changes that people need to review before they begin [...]

FAFSA Changes2019-09-28T10:19:09-05:00

EFC Calculator – Learn how to use an EFC Calculator

Why should a family learn how to use an Expected Family Contribution or EFC Calculator?  Beginning October 1st, the FAFSA form or Free Application for Federal Student Aid will be available for the school year 2020-2021. The Expected Family Contribution or EFC is the amount a college will use in estimating a student’s financial need. [...]

EFC Calculator – Learn how to use an EFC Calculator2019-09-28T08:31:01-05:00

Completing the FAFSA

The fall is here which means it is also FAFSA time for college. Unlike Halloween, this should not be a scary time.  The best tip we can give families is to get organized before you begin this process.  Just relax, PayForED has compiled a list to make filling out the FAFSA easier! Completing the FAFSA [...]

Completing the FAFSA2019-09-28T08:20:46-05:00

EFC Calculation

The financial aid process can be overwhelming and it is important to understand the Expected Family Contribution or EFC. The EFC is generated after completing the FAFSA and it determines your need-based aid. I wanted to explain how the EFC is calculated so that you have a better understanding of your financial aid positioning. [...]

EFC Calculation2019-09-28T08:27:01-05:00

Are Student Loan Assistance Programs Overlooking An Important Point?

More and more companies are looking to improve their employee benefit packages by adding a student loan assistance benefit.  This new benefit is designed to better help employees manage their student loan repayment.  According to the Federal Reserve, as of July 2019, Americans owe $1.59 trillion dollars in student debt.  Of the 45 million people [...]

Are Student Loan Assistance Programs Overlooking An Important Point?2019-08-26T09:13:43-05:00

College Cost Data 2019-2020 is now available on PayForED!

PayForED has its own proprietary college database that is updated multiple times throughout the year.  As part of our company mission, we strive to provide the best college cost data on a timely basis.  Our College Cost Analyzer and In-College Payer systems were updated on August 1st and the new cost for 2019-20 school year [...]

College Cost Data 2019-2020 is now available on PayForED!2019-08-24T09:05:15-05:00