The federal government offers more than $150 billion dollars in financial support. This support comes in several different forms. Below I offer a brief description of each type of federal financial support. 1. Grants Grants are typically need-based and do not require repayment. The Pell Grant is the most commonly recognized federal grant, but there… Continue reading Federal Funding Options for Students
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Glossary of College Funding Terminology: A Must-Have for Every Student and Parent By Pete Lawrence
American College Testing (ACT) – A need-analysis service located in Iowa responsible for processing the FAFSA form, commonly known as the Free Application for Federal Student Aid. ACT is also responsible for administering the ACT scholastic exam. Academic Year (AY) – Officially, a fiscal year runs from July 1st through June 30th and consists of either semesters… Continue reading Glossary of College Funding Terminology: A Must-Have for Every Student and Parent By Pete Lawrence
Peter Lawrence, a Certified College Funding Specialist in Northport, details what to expect from Biden’s debt cancellation plan coming this Fall
In early August 2024, the Department of Education sent emails to federal student loan borrowers. The email explained that President Biden planned to use the Higher Education Act of 1965 to cancel student debt. The message included a deadline of August 30, 2024 to opt out of the program. A variety of factors will be… Continue reading Peter Lawrence, a Certified College Funding Specialist in Northport, details what to expect from Biden’s debt cancellation plan coming this Fall