Federal education loans, including both student loans and parent loans, are available direct from the federal government and are administered by your college. Private student loans, sometimes called a [..]

Free Application for Federal Student Aid (FAFSA):

An FSA ID is comprised of a username and password and can be used to log in to certain Federal Student Aid websites, such as the Free Application for Federal Student Aid

The SAR is the official notification sent to you about a week after filing the FAFSA online.  This document includes your Expected Family Contribution (EFC). The SAR also provides information about th [..]

The EFC is a measure of your family’s financial strength. It is based on the information you submitted on the FAFSA, including income, assets, family size and the number of children in college.  Your [..]

The financial aid package is a combination of multiple types and sources of financial aid available to you to help pay for college costs. It may include money from the federal government, state govern [..]

The financial aid award letter is the list of all the aid from multiple sources that you are eligible to receive through your prospective college, including terms and conditions. You are not required [..]

The cost of attendance includes the total price of tuition, fees, room, board, textbooks, supplies, transportation and personal expenses for one year of college. This is also known at some colleges as [..]

The net price or out-of-pocket cost is the bottom line cost of college. It is the difference between the cost of attendance and grants. It is the amount of money you must pay from savings, income and [..]

There are many different types of financial aid available from federal and state government, college and private sources.  The major types of financial aid include: