Nitro Knowledge. Your Guide to Paying for College.
Pell Grants are one of the most sought-after forms of financial aid. They are awarded by the federal government and can be worth up to $6,495 for the 2021-2022 school year. Yet, there is a lot of confusion about who qualifies and for how much.
Let's dive into the top five myths about Pell Grants, so that you can get ALL the grant money you may be entitled to.
In a year with a lot of challenges, many families have faced an abrupt change in their financial footing. Whether it was being laid off, losing work hours due to sickness, or incurring unexpected expenses, many families are trying to figure out how to make ends meet.
If your family is facing financial hardships, you may be worried if you'll be able to meet the commitments you made to help your child pay for college next year—or at all. If so, we have some ideas that can help.
Typically, when people think of financial aid, they think of need-based grants and federal loans that are subsidized or have other favorable terms, largely given to students with demonstrated financial need. But there are plenty of aid options for families with higher incomes.
The biggest pro of cosigning your child's student loan is obvious: You'll help them attain the education they need to secure their financial future. Plus, cosigning a private student loan is often the best way to fill tuition gaps at the lowest interest rate possible.
The biggest con is obvious, too: If your child doesn't pay for some reason, you may be on the hook. However, there's more to cosigning than meets the eye. Let's take a closer look at some things you should think about before you cosign your child's student loan.
Need some help paying for college? You're far from alone. Most families find that the estimated family contribution calculation is much higher than they can actually afford. It also doesn't help that college costs are higher than ever, increasing by 37% between 2008 and 2018.
So what can you do to get your education without taking on needless debt? Plenty.