Category Archives: Financial Aid

Reminder: Keep an Eye on Financial Aid Deadlines

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Need financial aid for the 2018-19 academic year?

The US Department of Education is reminding students to remain cognizant of deadlines when completing the FAFSA.

While the FAFSA is primarily used to award federal financial aid, many colleges, states, and scholarship programs also use the form to assess eligibility for their aid programs.

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Expert Advice: Listing College Options on the FAFSA

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Getting ready to help students fill out the FAFSA?

The Department of Education released a list this week highlighting the eight steps that need to be followed when filing for federal student aid. And included in the article is an important reminder: Students can — and should — list multiple colleges on their FAFSA.

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#FinAid101: Share Your Tips on Twitter

Knowing the facts about financial aid can help college-bound students select a best fit school.

As students kick their college search into high gear this fall, NACAC encourages you to share your wisdom via Twitter.

Contribute your top tips using #FinAid101 and follow the hashtag to see advice submitted by colleagues from across the country.

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FAFSA Update: Data Imported From DRT Will Be Masked

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The IRS Data Retrieval Tool will be available to FAFSA filers this fall, but the tax information it imports will remain masked — even to students and parents.

According to a recent Federal Student Aid memo, the change will enhance security and privacy. But many financial aid professionals are worried the tool’s new constraints will discourage families and students from using it to import their tax information when applying for federal aid.

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FAFSA Update: More Students File for Aid

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Will the FAFSA’s earlier filing date result in increased access to higher education?

New federal data is promising.

After a four-year decline, FAFSA completions are up for the high school class of 2017, the first cohort of students who were able to file for aid starting on Oct. 1 — a full three months earlier than previously allowed.

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Maryland Outlaws Scholarship Displacement at Public Colleges

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A new law prohibits scholarship displacement at Maryland’s public colleges and universities.

The state is the first in the nation to pass legislation limiting the practice, which can spur financial aid reductions for students who are awarded private scholarships.

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Report: New Technologies Could Help Improve Financial Aid Process

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Financial concerns cause nearly 3 million students to drop out of college each year.

Researchers at Tyton Partners believe a student-centered approach to financial aid could help reduce those numbers. In a recent report, the Boston-based advising firm chronicled the challenges posed by the current system and examined potential solutions through a survey of more than 1,800 higher ed administrators.

Their take? Targeted communication could help improve the process for both students and colleges.

“According to administrators, the biggest challenges preventing students from accessing aid are lack of student engagement, lack of awareness, and insufficient financial aid,” the report notes. “All three of these issues are addressable through improved communication between the institution and the student.”

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