Understanding financial aid award letters

Mar 30, 2015 4:00:00 PM

Once you finally receive your child's college financial aid award letters in the mail, you may feel emotions like relief and excitement. The financial aid award letter contains information about the aid that you are eligible to receive on a state and federal scale and also includes funds directly awarded by the college. The format of award letters widely differ making it difficult to find comparison. 

Here are some tips to help you interpret your financial aid award letters.   

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Topics: College Financial Aid, Financial Aid Award Letters, Borrowing for College

Tuition payment plans: Are they the right option for you?

Mar 20, 2015 11:04:00 AM

Tuition payment plans are one method that allow parents and students to pay tuition expenses over a short period of time, typically less than 12 months. These plans are often interest-free but often have some fees associated with them, although they are generally pretty low. 

Most of these plans allow you to set up payments to the college directly through your bank account on a monthly basis. These plans can be a good option for parents who can afford tuition, but can't manage to make one large payment in the beginning of the academic year. 

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Topics: College Financial Aid, College Planning, Financial Education for Students, Parents and College Planning

Borrowing for College: Federal Stafford Loan Profile

Mar 17, 2015 3:30:00 PM

When you are thinking about borrowing for college, it's important to know and understand your options. In order to get the best loan for your college career, you have to dig a little deeper into the realm of college borrowing. Federal loans have many benefits such as fixed interest rates and payment deferment to those who qualify. Although there are multiple types of federal loans, the Stafford loan is among the most common. Here is a little insight about the federal Stafford loan.   

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Topics: Borrowing for College

Paying college tuition: How will you pay the bill?

Mar 12, 2015 10:25:00 AM

College tuition bills typically are due around August 1st. That may feel like a long time away, but you need to start coming up with a plan on how you will pay that tuition bill soon. 

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Topics: College Financial Aid, Borrowing for College

How to build good credit

Mar 9, 2015 3:24:00 PM

Getting an education is an essential tool which will benefit you in the future. Having good credit is just as important to help ensure your stability and help you successfully do things such as rent an apartment, buy or lease a car, and even get a good job. It is often said, a good name is priceless in life and so too is a solid credit history. Maintaining good credit will afford you many opportunities that would otherwise be impossible. It can show stability, consistency, responsibility and maturity – all of which are positive traits that can help you succeed in life. Do your long term goals include owning your own home? Would you like to land the job of your dreams? Here are a few tips on how to build good credit to live a more fulfilling life.  

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Topics: Financial Education for Students, Student Loan Repayment

Local scholarships in Rhode Island

Mar 7, 2015 9:52:00 AM

If you think your opportunity to get a scholarship has passed, think again. Lots of local scholarships are Start your free search still accepting applicants through April, May or June. 

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Topics: Scholarships

7 things to do while you wait for your college acceptance letter

Mar 2, 2015 11:28:00 AM

The only thing more stressful to a high school senior than applying to college is waiting for college acceptance letters. So many questions run through your head: "What if I don't get into my top choice college?" "What if I don't get into any college?" "What if I can't afford it after I receive my financial aid award?" 

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Topics: College Financial Aid, Borrowing for College