Paying For College

Methods of paying for college that include: financial aid, college saving plans, educational tax credits, student loans, and the various repayment options.

5 Steps in Paying the College Tuition Bill

2019-06-20T14:31:55-05:00

For students and parents, the bill for college tuition will arrive sometime in late June or early July.  Before paying the tuition bill, you should review the invoice carefully and make sure that all the items listed are correct.  As cost and student debt continues to rise, we want to give families a procedure to [...]

5 Steps in Paying the College Tuition Bill2019-06-20T14:31:55-05:00

Parent Plus Loans: Six Top Things to Understand

2019-05-20T16:59:03-05:00

With more parents needing to finance a portion of their child’s education, they face various options that can be confusing.  One of the most common methods for paying for college is using a Parent PLUS Loan.  This financing method has some advantages and disadvantages that both parents and students need to understand before making this [...]

Parent Plus Loans: Six Top Things to Understand2019-05-20T16:59:03-05:00

College Net Price Calculators: Are They Accurate?

2019-06-25T08:34:13-05:00

As the cost of college continues to rise faster than inflation, students and parents are searching for any advantage to lower their cost of education.  The first logical step in how do you save for college would be to go to each college’s net price calculator (NPC) and input your information. Families will find a [...]

College Net Price Calculators: Are They Accurate?2019-06-25T08:34:13-05:00

National College Decision Day

2019-04-09T09:05:15-05:00

May 1st is National College Decision Day for college bound high school seniors.  It is the day when students commit to a college and send in their deposits to hold their college spot. That's step one in the journey of paying for college. Congratulations on making this hard decision and finding the right college fit!  [...]

National College Decision Day2019-04-09T09:05:15-05:00

Financial Aid Appeal Letter

2019-04-25T19:52:05-05:00

Congratulations to all the college-bound students.  As you compare your student’s financial aid award letters, it is time to compare the net price of each college.  What do you do if your award letter is not financially what was expected?  Should a Financial Aid Appeal letter be sent and what is the process? For some [...]

Financial Aid Appeal Letter2019-04-25T19:52:05-05:00

The Ultimate Guide to Paying for College

2019-05-03T10:10:04-05:00

Paying for college is one of the most important and expensive decisions you will make with your child.  It is complicated and very emotional. To properly pay for college, the family must understand financial aid, college saving plans, educational tax credits, student loans, and student loan repayment.

The Ultimate Guide to Paying for College2019-05-03T10:10:04-05:00

Types of Loans Available on the Award Letter

2019-04-03T12:38:20-05:00

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 $1.5 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 Letter2019-04-03T12:38:20-05:00

Top Six Items to Consider when Comparing Award Letters

2019-03-25T10:52:24-05:00

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 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.  Today, student [...]

Top Six Items to Consider when Comparing Award Letters2019-03-25T10:52:24-05:00

Financial Aid Award Letters Decoded: Financing Aid Shopping Sheet Updated

2019-03-14T13:47:57-05:00

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

2019-03-11T10:40:14-05:00

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