Five Things to Know About Financial Aid

According to the College Board’s 2017 Trends in Higher Education report, the cost of tuition for a four-year public college or university weighs in at just under $10,000— a price tag that comes as a surprise to many families. Luckily, there are billions of dollars in federal financial aid available to North Carolinian students.

CFNC’s regional representative, Sarita Broadway highlights the top five things both parents and students should know when it comes to applying and evaluating federal financial aid offers.

Building a Future with FAFSA

 

CFNC helps make higher education a possibility for every student with personalized financial aid assistance and scholarship opportunities. Watch as Princess Collins, a sophomore at the University of North Carolina at Chapel Hill, shares how she paved her way to success by submitting the Free Application for Federal Student Aid (FAFSA) and taking advantage of CFNC scholarships.

If you need help paying for higher education expenses, file the FAFSA and secure your future.

Does Using my 529 Account for K-12 Expenses Make Sense for me?

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After the recent change in federal tax law, families with 529 college savings plans are now able to pay for private K-12 schooling with their accounts. Under the revision, families may withdraw up to $10,000 per year from 529 accounts to cover the costs. However, families in North Carolina are only advised to use their 529 accounts when covering costs that fall under Qualified Higher Education Expenses (QHEE), such as tuition, room and board,