The Obama Administration has made a commitment to help both college students and borrowers. In October, 2015 the Department of Education announced the publication of a new regulatory law that will protect college students, specifically in the area of the prepaid debit card. This new regulatory practice will bring reform to campus prepaid debit cards. The…
DetailsAs student rush to complete their college applications, many parents are evaluating the college affordability question. Understanding the college student loan options is now a critical part of the college affordability decision. Due to the increase cost of college and the need for post-graduate studies, more students and families need to finance a portion of…
DetailsOn Oct. 27, 2015, the Department of Education issued a regulation establishing a new income-driven repayment plan, the Revised Pay As You Earn (REPAYE) Plan. This new income-driven repayment plan will become available in mid-December, 2015. The REPAYE is an extension of the current Pay AS Your Earn (PAYE) program. The development of this new Income…
DetailsMore students and parents are creating college lists that include college affordability as part of the criteria. Many parents are trying to find institutions with the hidden scholarships based on their child’s talents. Similar to key phrase in the Jerry Maguire movie, “Show me the money”, parents today are searching for the affordable bottom line.…
DetailsThe Department of Education announced a major change to the financial aid process. It is called the Prior Prior FAFSA year. It is an effort to simplify the financial aid process, specifically for lower income families. The process will only be used for the Federal or FAFSA financial aid methodology at this time. This new…
DetailsThe college list goes hand in hand with trying to determine the cost of college and college affordability. College Fit includes academics, environment and cost. Determining the cost of college is different for every family Is the college decision and funding a concern for you and your family? Paying for college requires families to create…
DetailsStudents are in the full swing of the college application, decision process and the college financial aid reality. College Affordability, LLC wanted to give a few other viewpoints to help families through this process. We often talk about the financial outcome of a college education and how important college affordability is in this discussion. This…
DetailsThe federal government has just released an updated college system called College Scorecard. The College Scorecard website provides data on college net costs, debt and future earning potential. The goal of this tool was to help families find better college value by comparing the institutional performance of colleges in an easy format. Providing this transparency…
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