If you applied for aid last year, you completed the Free Application for Federal Student Aid (FAFSA). This application determines your eligibility for aid for only one academic year. That means for each year you want to apply for aid, you will need to complete a Renewal FAFSA. Good news, though – the Renewal FAFSA is prefilled with some of your information from the previous year. Updating information is easier than completing the entire FAFSA renewal form from scratch and typically takes less than an hour.
There are many ways to pay for college: borrowing, saving, earning scholarships or grants, and paying-as-you-go. But paying-as-you-go doesn’t always mean you have to have a full semester's worth of cash on hand. Schools might offer tuition payment plans, allowing tuition payments to be spread out over the course of a semester or even the full academic year. Here's what you should know...
Private student loans used to have a bad reputation. Interest rates were only the variable variety, often increasing over the life of the loan. Not good. Borrowing limits would sometimes be greater than the cost of attendance, often saddling parents and students with mountains of debt. But not anymore. Now, rates can be lower than federal student loans to parents, and generally borrowers aren’t approved for amounts greater than the cost of attendance.
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