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How Expected Family Contribution Affects Financial Aid

Mother and daughter checking EFC.

Every parent wants their child to
be accepted by the school of their dreams and to have the ability to pay for
it. For most families, cost is a huge factor in choosing a college. Figuring
out how to pay for higher education can be confusing. That’s because there are
many factors to consider, including how much it will cost to attend each school
and how much your family can afford to pay. Understand the Expected Family
Contributing (EFC) is important in this process.

FAFSA: How to Get Free Money for College

A FAFSA application waiting to be filled out next to a computer and free money.

Everyone likes free stuff, like an extra doughnut from your
favorite coffee shop on your birthday. But what about free money for college? You
could be missing out on an important source of funds if you don’t complete the Free
Application for Federal Student Aid (FAFSA). It’s the easiest way to qualify for free money in
the form of grants and scholarships. This may sound complicated, but the
process is very easy,

How to Send Transcripts to Colleges

College visits are wrapping up, and you’re excitedly making
a list of your favorite college campuses. It’s time to start thinking about applying
to college and the info that schools will need to process your application. One
of the most important parts of the application process is sending high school
transcripts. Every student has a transcript that is updated each semester by
your high school counselor or main office. It’s an important tool to show
college admissions officers how prepared you are to attend their institution.

Scholarship Applications Save Teens Time and Money

Scholarship Applications Save Teens Time and Money

College is more of a necessity than ever to be successful in the workforce. Everyone agrees you need a college education, but they have a harder time figuring out how to pay for it. College Foundation of North Carolina (CFNC) seeks to raise awareness among students and their families of available scholarships and grants. When you look at the math, taking the time to apply for scholarships is a no-brainer when it comes to college.

Understanding the Financial Aid Offer

Understanding the Financial Aid Offer

Your hard work is paying off! You’ve been accepted by several of your top colleges, and you have a stack of acceptance letters just waiting for you to pick the school of your dreams. Around the same time your acceptance letters arrived, you probably received a financial aid offer from each school. These letters may seem confusing right now, but we will help you understand the different types of financial aid, so you can make an educated decision about which school makes the most financial sense for you.

Financial Aid Scams Trick Local Families into Paying for Scholarships

N.C. Organizations Warn Families ‘Don’t Get Hooked’ by Misleading Financial Aid Offers

Multiple North Carolina families have fallen victim to scams surrounding the FAFSA and other financial aid programs statewide, losing hundreds of dollars. Scammers promise college scholarship or grant money to families if they agree to certain stipulations, like sending a check or signing up to pay for a service. Scammers time these offers during the college application season, so families are fooled into thinking they’re hearing from scholarship providers or the federal government.

Practice for the SAT While Applying to Scholarships!

As a student, we know you’re a pro at multitasking. Juggling your time with school, homework, studying, and extracurricular activities can be a challenge, especially when you also want to make time for relaxation and fun. Add college preparations to the mix, and you’re one busy student. CFNC is here to help, and this time, we have the perfect multi-tasking opportunity for your busy schedule: The PSAT/NMSQT.

For those of you who don’t know what that jumble of letters means,

What is FAFSA Day?

 

For most students, financial aid is the key to higher education. Fortunately, students can apply for the financial aid they need through the Free Application for Federal Student Aid (FAFSA) at no cost to them. In addition, if a student feels overwhelmed with the process, he or she can attend FAFSA Day on October 27. At this free, state-wide event, expert financial aid administrators help students and parents with the FAFSA.

Make Your Summer Job Work On Your College Applications

 

There are almost as many reasons students work summer jobs as there are types of summer jobs available. But no matter what type of summer job you do, or why you do it, you can make it work for you on your college applications. Maybe you work a summer job as a short-order cook at a fast food restaurant because you need to earn money. Maybe you work a summer internship at a local television station because you’re interested in a career in video production.

The Hidden Costs of A College Education

Some families get a huge sticker shock when they start looking into the cost of a college education. There are so many factors to consider; are you going to a two-year college or a four-year university? Will it be a public or private school? Will you have any type of financial assistance or will you be fully responsible for the costs? But, even once you narrow these questions down, there are still more questions to answer… and the answers can affect your TOTAL college cost in a big way.