College Aid Consulting Services
FAFSA, CSS Profile, appeals and grants financial aid consultants to get you more college money
The article entices you to file the FAFSA immediately. As I have stated countless times, this is not so good advice for many families applying for student financial aid. There is one main reason here. Contact our office for more information.
New Year’s is the best day to apply for college financial aid
News Source: CNN Money
It was a pleasure to talk with Emily for USA Today and offer important advice for students with undocumented parents. Their pursuit to achieve the best for their education is praiseworthy. As the article states, these students should always file FAFSA if possible. Even though as a non-citizen, the student will not qualify for Federal aid, the FAFSA may stimulate other forms of aid. The student should always ask the financial aid staff for assistance when needed; they are happy to assist in any way possible.
The FAFSA requires Social Security numbers for the student and parents. Ron Ramsdell, founder of Minneapolis-based College Aid Consulting Services, says if your parents are undocumented, you should enter all zeroes for their numbers.
FAFSA application tips for students with undocumented parents
News Source: USA Today
If grandparents are going to financially assist their grandchildren for college, they need to know that student’s assets are assess much higher than the parent’s assets. So, a 529 plan in the student’s name may not be such a good idea. In addition, parents and grandparents should shy away from UTMA’s and UGMA’s for the student. There better ways to save for children that are college bound. Contact our office for more information.
How grandparents can save for their grandchildren’s college
News Source: Deseret News
The writer states that the deadline for FAFSA is June 30th. Not true and big mistake for parents that adhere to this advice. Each college will have their own individual deadline which will be earlier. Also, the article does not mention that there may be other forms that will be required like Profile. One last thing, many families should not file their financial aid forms immediately. Why? One important reason. Contact our staff to learn more.
Important Deadline Approaching For Students Needing Help Paying For College
News Source: WBAA – Public Radio Of Purdue
Students with high academics should always apply to prestigious private colleges. Many students who deserve to attend these schools never apply to them due to “sticker shock”. We have found over the years that many of our students end up attending a private school for around the same price as a state institution. Why? Two reasons; first, private schools have more endowments to tap into. Second, professional guidance. Our clients go through the financial aid process in the most efficient way possible. Knowing how to play the financial aid game is key. Contact us today to learn more.
When you should apply to a college regardless of the cost
News Source: USA TODAY College
The cost of education will continue to rise and students will graduate with a historical amount of debt. More bad news; unfortunately many students will not be able to retain a job with the salary they deserve based on their degree. Therefore, students should research what careers will be in demand in the years they will graduate.
How Debt By Way Of Higher Education Will Ruin Millennials’ Lives
News source: Elite Daily
It’s always a pleasure to talk to the WCCO team. I would like to share a couple of things that we did not have a chance to cover.
Ron Ramsdell, the founder of College Aid Consulting Services, says every student’s situation is different, but you can certainly borrow too much. “The key is families need to plan ahead.” He said families need to consider a few things like the real cost of college, how much money a student can get in scholarships and gifts, how much parents can and will help, the amount of assets from other family members like grandparents and a student’s starting salary upon graduation.
The article neglects to mention a 4th type of financial aid; work-study is also available for most students and should be utilized whenever possible. Regarding the calculation of aid, the writer fails to mention that there are three ways that colleges may employ. There is the Federal Methodology, Institutional, and the Consensus Methodology which results in an Expected Family Contribution (EFC) or an Estimated Family Contribution (EFC) respectfully.
15 freaky facts about financial aid eligibility
via savingforcollege.com
The cost of applying to colleges can be costly due to the application fees. However, applying to as many schools as possible is to the family’s advantage. Why? It is a numbers game. The more schools the student applies to, the more they are accepted to. The result, more financial aid offers. Therefore, more options and leverage benefits . In addition, you can get some colleges to waive the fee. How? Contact our office for more information.
How Much Does a College Degree Really Cost?
via Wall St. Cheat Sheet
I definitely don’t see this bill dubbed the Financial Aid Simplification and Transparency Act (FAST) passing for many reasons. Regarding loans, parents need to be more savvy in the financial aid process to retain more gift-aid resulting in less debt with loans. In addition, they need to choose a college based on what they really can afford. The best advice I can give parents is to plan ahead!
What reauthorizing the Higher Education Act means for students
via USA Today
The topic of college debt comes up in many of the conversations with the FAFSA, the CSS Profile and financial aid consulting clients. Recently I had the opportunity to speak to Alexa Sauvagere with College Magazine on the and why it is so important to plan your financial aid efforts ahead for a college education. […]
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