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CARES Act Impact on Student Loan Repayment

On Friday, March 27th, the President signed the Coronavirus Aid, Relief and Economic Security (CARES) ACT. PayforED has reviewed the CARES Act impact on student loan repayment and the changes are significant. The CARES Act helps most individual federal loan borrowers. There is a provision for student loan assistance programs that will benefit all student [...]

CARES Act Impact on Student Loan Repayment2020-03-28T21:11:25-05:00

The Immediate Impact of the Coronavirus on College Funding and Admissions

Making a college decision has always been stressful but now we have an entirely new challenge. The Coronavirus has added a new complexity that was never anticipated. The impact on funding and admissions is enormous. The stress for parents and students has always been highlighted, but the pressure on a college’s admissions office has also [...]

The Immediate Impact of the Coronavirus on College Funding and Admissions2020-03-28T20:29:58-05:00

PayForED 2.0 Announces the Launch

We are so excited to be announcing our first major release of 2020 - PayForED 2.0. After a lengthy reevaluation phase, incorporating valuable feedback, PayForED's newly updated platform is ready for immediate use for employers, advisors, and individuals. Not only did we enhance the premium functionality, we redesigned and updated the interface and user experience. [...]

PayForED 2.0 Announces the Launch2020-03-21T21:38:35-05:00

How does a high school senior decide on a college when college campuses are closed due to the coronavirus?

Access to college campuses is non-existent right now and many high school seniors may have been counting on that final visit to a college to make their decision. The reality is that many students will have to select a college during this unprecedented circumstance. At PayForED, we feel the college selection decision should always include [...]

How does a high school senior decide on a college when college campuses are closed due to the coronavirus?2020-03-21T21:58:36-05:00

Types of Loans Available on the Award Letter

Each week a new headline comes out expressing the ongoing issue of student debt in today’s society.  There are more than 44 million borrowers who owe more than $1.59 trillion dollars in student debt. How did this happen?  With student debt growing at an alarming rate, I feel a major contributor to this problem is [...]

Types of Loans Available on the Award Letter2020-03-19T08:57:27-05:00

College Access Could Change Forever Due to Three Recent Events

In the last few months, three specific events have been discussed and appeared in the news.  These events could influence college admissions and impact college access forever.  For generations, our society has tried to improve access to a college education.  The increase in demand and easy access to loans have put this system at risk [...]

College Access Could Change Forever Due to Three Recent Events2020-02-29T11:52:25-05:00

Financial Aid Award Letter: What is the difference between a Scholarship and Grant

The college financial aid award letters are starting to arrive for college-bound students.  The PayForED series on Decoding the Financial Award Letter was developed to help students and parents diffuse some of the confusion regarding the financial award letter.  Our series of articles provide families the essential information they need to make a better college [...]

Financial Aid Award Letter: What is the difference between a Scholarship and Grant2020-02-29T12:22:56-05:00

Top Six Items to Consider when Comparing Award Letters

PayForED believes understanding the financial outcome of the college decision should be a key decision point when comparing award letters.  We have compiled six items to consider when comparing the award letter.  Our goal is to help families review and clarify the "bottom line" or "net cost" of each college listed on their award letter. [...]

Top Six Items to Consider when Comparing Award Letters2020-02-18T09:59:57-05:00

Decoding the Financial Aid Award Letter

  Parents and students often find it challenging to understand the financial aid award letters they receive from each college. PayForED has developed a program called “Decoding the Financial Aid Award Letter” and includes a combination of blog articles, videos, and webinars that will begin in February and will run through May. Our program will [...]

Decoding the Financial Aid Award Letter2020-02-29T12:36:57-05:00

The Secure Act

The Secure Act is short for “Setting Every Community Up for Retirement Enhancement” and was signed by President Trump on December 20, 2019.  It became effective on January 1, 2020.  This act changes some of the rules for retirement planning, college planning, and student loan repayment. Due to the increase of student debt concerns, more [...]

The Secure Act2020-01-31T10:05:00-05:00