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Financial Aid Award Letters Decoded: Financing Aid Shopping Sheet Updated

Prospective students are facing confusion on the total cost of college due to the absence of universal terminology and formatting on the financial aid award letter they receive.  This lack of clarity on the Financial Aid Award letters occurs because a standardized letter is not mandated by the Department of Education.  It makes it confusing [...]

Financial Aid Award Letters Decoded: Financing Aid Shopping Sheet Updated2019-03-14T13:47:57-05:00

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

The college financial aid award letters are starting to arrive to 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 award letter.  Our series of articles and videos provide families the essential information they need to make a [...]

Financial Aid Award Letter: What is the difference between a Scholarship and Grant2019-03-11T10:40:14-05:00

Report Finds Problem with Student Loan Repayment Servicers: An Objective Second Opinion is Needed

Last week, the Department of Education Inspector General issued a report called Federal Student Aid: Additional Actions Needed to Mitigate the Risk of Servicers Noncompliance with Requirements for Servicing Federal Held Student Loans.  It reviewed the internal oversight of the Federal Loan Servicing Companies.  As you can see from the title, the report was not [...]

Report Finds Problem with Student Loan Repayment Servicers: An Objective Second Opinion is Needed2019-03-11T11:15:35-05:00

Kevin Connor Joins PayForED Team

We are extremely excited about the addition of Kevin Connor as EVP, Advisory Distribution, to our growing PayForED team. Kevin has a successful track record in distribution and financial services. He comes to PayForED with extensive experience in general management, executive leadership, team building and talent development. “We are thrilled to have Kevin on board [...]

Kevin Connor Joins PayForED Team2019-03-26T11:20:51-05:00

PayForED founder, Fred Amrein will appear on Wharton Business Radio

Wharton Business Radio will be hosting a radio program on Your Money today, January 29th, 2019 @ 5:00 PM EST on Sirius Radio Channel 132. Fred will be answering questions from the callers and host Kent Smetters regarding College Affordability.

PayForED founder, Fred Amrein will appear on Wharton Business Radio2019-01-29T15:25:38-05:00

How do you save for college?

Being able to afford a college education for your children or grandchildren is one of the top goals for most parents and grandparents.  This goal is becoming more difficult for most families.  According to the Department of Agriculture report, the average cost to raise a newborn child in the United States is $233,610, and this [...]

How do you save for college?2019-01-27T16:57:19-05:00

How much student loan interest is deductible?

As we approach tax season, student loan repayment becomes top of mind, especially finding the best options to deduct student interest.  The question is how much student loan interest is deductible?  Another analysis not often examined is whether I should give up the deduction?  [Read our full coverage Since 2016, more student loan borrowers are [...]

How much student loan interest is deductible?2019-04-03T11:58:36-05:00

Decoding the Financial Aid Award Letter

Parents and students often find it difficult to understand the financial aid award letters they receive from each college.  PayForED has developed a new program called "Decoding the Financial Aid Award Letter.”  It is a series of blog articles, videos and webinars starting in January and will run through May.  Our program will review the different aspects of [...]

Decoding the Financial Aid Award Letter2019-03-11T11:34:33-05:00

Mike Lilley Joins PayForED Team

We are extremely excited about the addition of Mike Lilley as Partner and Executive Vice President, to our growing team at PayForED Mike is responsible for Business Development in the Institutional Marketplace, including Employers, Financial Wellness Platform and the Benefits Broker/Consultant Community. Mike began his career with MetLife where he specialized in sales in the [...]

Mike Lilley Joins PayForED Team2019-03-26T11:19:12-05:00

College Students setting New Year Resolutions

As we start 2019, many of us form new resolutions hoping to improve ourselves and our lives. Most of these resolutions focus on improving an aspect of our life or eliminating a bad habit.  For me, I determine my resolutions by reflecting on the successes and challenges I have had over the past year.  Just [...]

College Students setting New Year Resolutions2019-01-16T14:59:57-05:00