by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Feb 27, 2023 | Financial Aid
When a student is approved for a Federal student loan for the first time, they’re required to complete Student Loan Entrance Counseling (SLEC), an online course offered by the Office of Federal Student Aid (FSA), the agency within the U.S. Education Department (ED)...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Feb 21, 2023 | Financial Aid
Federal financial aid programs for college students include scholarships, grants, work-study programs, and loans. Among these only loans need to be repaid, making them the least attractive type of Federal aid. Nevertheless, more students participate in the loan...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Feb 3, 2023 | Financial Aid
SLM Corporation (commonly known as Sallie Mae; originally the Student Loan Marketing Association) is a publicly traded U.S. corporation that conducts consumer lending services. It has changed dramatically since it was set up in the early...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 16, 2023 | Financial Aid
Congress recently passed a $1.7 trillion omnibus spending package that made substantial changes to retirement and tax rules. These have been referred to as Secure Act 2.0 because they extend the retirement provisions of the original Secure Act of 2019. One of the...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Jan 5, 2023 | Financial Aid
College is expensive. Fortunately, most students pay less than a college’s published price by taking advantage of the financial aid that’s available to them. Rather than looking at published prices when researching colleges, students should focus on net price — the...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Dec 14, 2022 | Financial Aid
College remains the highest savings priority of parents of college-bound children. Over 75% of parents in this group, when surveyed by The College Investor (TCI), indicated that they’re currently saving for college. TCI found that over 80% of parents are concerned...
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