Part of Financial AidThe 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.

Financial Aid Reductions due to Trump’s 2018 Budget Proposal

President Trump has released the 2018 budget proposal this week and based on the initial review it appears that higher education will face significant reductions, specifically to student aid programs.  These projected budget changes total over $143 billion in savings over the next 10 years.  For the Department of Education, it would represent a 13.5%…

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Student Loan Repayment Assistance: A New Company Benefit

Across the news headlines, we read daily about the student debt crisis in America.   Since last summer, I have been reading articles about how companies are starting to identify student loan repayment as a possible new employee benefit.   This is not surprising since current student debt is over $1.4 trillion dollars and many younger employees…

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Student Federal Interest Rates 2017-2018

The Federal Direct Student Loan interest rates for the school year 2017-2018 have been determined.  The student loan interest rate is 4.45 % for Undergraduate Direct loan program, which is an increase over the 3.81 % of last year.  The Graduate Direct loan rate will be 6.00% and the Direct PLUS will be at 7.00%.…

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Paying for college the next steps to avoid costly mistakes!

During the application process and campus tours, families hear about financial aid and merit scholarship that can be used to help pay for college.   I hope the financial awards received by your child have been substantial, but I know for most families paying for college will put some level of additional stress on the parent’s…

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College Affordability Tops the List according to 2017 Princeton Review Survey

During the month of April, student and families will be reviewing their financial aid award letter and trying to determine which institution fits their academic, financial and overall college fit. At the same time, high school juniors and their parents are getting in the starting gates for the college admission marathon ahead.  I like to…

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Student loan repayment webinar

Majority of families today, due to the high cost of education may need to supplement how they pay for college with student loans.  College Affordability LLC is hosting a webinar for students and parents making decisions on student loan repayment and loan forgiveness.  If you have student loans this may be a great opportunity to…

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