by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 10, 2023 | FAFSA
Student loan balances have spiked in the last few years. The average balance increased from $29,000 in fourth quarter 2016 to more than $36,000 in fourth quarter 2021. To reduce this burden, President Biden announced the Student Loan Forgiveness Plan (the Plan) in...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | May 28, 2022 | FAFSA
The FAFSA Simplification Act was signed into law on December 27, 2020, as part of the Omnibus Act for 2021. The purpose of the FAFSA Simplification Act is to make it easier for students to complete the FAFSA form and to make the allocation of Federal student aid...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Sep 30, 2021 | FAFSA
This is our fourth post on the Free Application for Federal Student Aid (FAFSA), the U.S. Department of Education form that is submitted annually by college applicants and continuing students seeking financial aid for college. FAFSA data is made available to...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Sep 28, 2021 | FAFSA
The Federal government allocated $120 billion this year for grants, work-study programs, and loans to help students pay for college. Yet 47% of this year’s applicants failed to submit the form that entitles them to their fair share of these funds. The...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Aug 25, 2021 | FAFSA
Federal laws were enacted in 2020 and 2021 to aid Americans adversely affected by the pandemic and to stimulate economic growth. Among their many provisions, these new laws took steps to alleviate the financial hardship suffered by colleges and students. One of the...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Aug 23, 2021 | FAFSA
An early step in every family’s college admissions campaign is performed by the parents. They forecast the amount of money that can be diverted from the family’s income, savings, and investments to pay for college. Next, they subtract from this amount the expected...
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