FAFSA Resources

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. Understanding the Expected Family Contribution (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,

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.

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.

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.

FAFSA: Separating Fact from Fiction

All right, we admit it. Filling out the FAFSA (Free Application for Federal Student Aid) is no walk in the park. Families across the country make the unfortunate decision to skip filling out the form, potentially missing out on opportunities to make their dream of a college education a reality. So why do families make the choice to forgo the FAFSA? It’s usually because they don’t have the proper information. There are a lot of myths surrounding the FAFSA,

Financial Aid: One Tool to Make Higher Education Possible

Make Higher Education Possible

Financial aid is one of the tools that makes higher education possible for many students. It may mean being able to continue your education when you otherwise would not be able or being able to attend the school of your choice despite higher tuition costs.

Financial aid includes:

Understanding Your Financial Aid Package

Financial Aid Package

You’ve sent in your applications, filled out your Free Application for Federal Student Aid (FAFSA), interviewed with schools and kept your grades up. Now, with graduation quickly approaching, it’s time to finalize your post-secondary education decision. Given that part of your decision will be based on your ability to cover the cost of tuition at your school of choice, understanding your financial aid package is critical.

 

When you filled out your FAFSA,

How to Avoid Financial Aid Scams

financial aid scams

 

Preparing for college is an exciting, yet trying, time. From writing college application essays to applying for financial aid, there is much to be done and so little time to do it all. Unfortunately, many people know this, and they try to take advantage of overworked, stressed students and parents in the form of financial aid scams. The good news is, it’s easy to protect yourself from many of the most common scams — all it takes is knowing the signs of a scam… and a little common sense!