by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Apr 18, 2023 | Financial Aid
Students and families should analyze the cost of attending a particular college. Cost of Attendance (COA) is the term used for the total of the direct and indirect costs of one academic year of undergraduate study at a college. It’s the maximum amount that a...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Mar 16, 2023 | Financial Aid
High school seniors seek ways to avoid the college debt burden that has proven such a hardship for millions of their predecessors. In a recent post, we reviewed six strategies for obtaining a college education at an expense level so moderate that incurring student...
by Micheal E. McKinnon, M.Ed., CCPS; College Planners of America, Ltd | Mar 7, 2023 | Financial Aid
This post is a continuation of the last two that summarized Modules 1 and 2 of the Student Loan Entrance Counseling (SLEC). Module 3, “Federal Student Loans”, is summarized in this post. When a student is approved for a Federal loan for the first time, they’re...
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...
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