Nitro Knowledge. Your Guide to Paying for College.
The FAFSA form (a.k.a., the Free Application for Federal Student Aid) — the application required to qualify for financial aid — is changing yet again. If you're applying for financial aid this year, you'll want to understand these changes in order for the process to go smoothly.
A quick overview:
How many times have you looked at your financial aid award letter and wondered, “What am I reading?”
If your answer is, “too many to count,” you’re not alone. The terminology around financial aid can be so confusing. Fortunately, we’re here to help you. Today, we're going to unravel the mysteries of the Stafford Loan.
You may have thought your financial aid award letter would answer one burning question: how much does this school cost? But, as you may have noticed, many schools don’t include the cost of tuition in financial aid award letters.
On top of that, your financial aid allocations can be ... confusing. Can you imagine buying anything else in life without knowing the price, or what kind of discount you might be receiving? Probably not.