Trying to pay for college and avoid excessive debt is high on the list for most families today. As we sit down for Thanksgiving dinner this year, a common family conversation may evolve around the college decision, college major and the high cost of college. What most families don’t take into consideration is the added…Details
The EFC PLUS Financial Aid Blog helps families navigate the college funding, financial aid and loan repayment process. This blog serves as a complement to our college video library, EFC Calculator and Average College Cost Calculator. It provides both objective and independent information so families can make a better college financial decision. We like to provide information beyond just the financial aid process and provide families with up to date current college funding information. The goal of this blog is to bring the personal financial expertise to the college decision. We want parents to understand that lowering the cost of education is a combination of the financial aid process, college saving plans, educational tax strategies and various financing options. The EFC PLUS Financial Aid Blog keeps student and families informed on current topics related to the entire college financial aid and funding process.
Due to the recent student loan government proposals and new tax proposals, there has been an increase in Student Loan Debt Relief Companies. These companies are calling individuals with incorrect information and program ending threats that are not true. This is why we are giving the alert on possible student loan repayment scams. Both the…Details
Happy Thanksgiving! May you and your family be blessed on Thanksgiving and throughout the rest of the year! I would also like to give thanks for all the support I have received during the EFC PLUS software launch!
During my readings this week, I came across an interesting article about private scholarships and the impact they may have on your personal data. James Hayes, the Associate Director of Financial Aid at SUNY Downstate Medical Center, wrote the article. I thought it was important to give you an insider’s perspective on how private scholarships…Details
Splashed across the headlines we often hear about student loan debt and its lasting consequences on the borrower. I feel fixing the consequences of student loan debt can be helped beginning with the college selection. The majority of families do not understand the outcome of the student debt during the college decision process. As of…Details
For many federal loan borrowers, this is the time of year to recertify your Income Driven Repayment Plan (IDR). Many borrowers do not realize that this needs to be done annually if the borrower has selected a repayment option that is based on the borrower’s income. The months of October, November and December are very…Details
In the past month, EFC PLUS has issued two financial aid alerts regarding the FAFSA and DRT. We had recommended that you submit your FAFSA manually. I wanted to clarify this statement. A manual submission is to submit the FAFSA electronically without using the DRT link process, at this time. You are able to submit…Details
On one of the Financial Aid Bulletin Boards that I read, another FAFSA DRT bug has been reported. It appears if the DRT system is used to bring in the student’s tax information into the FAFSA, some student fields are being populated with Parent tax information such as the tax filing status. There are other…Details