The federal work study program is one of the financial aid options available when you qualify for federal aid. Colleges administer the work study program with the federal government paying half the salary. The amount of money earned by the student in a work study job is considered part of the financial aid package and doesn’t reduce future financial aid awards.
The ACT test has four sections, English, Math, Reading, and Science, each scored on a scare of 1 to 36. The ACT also calculates a composite score which is an average of all four test. The single composite score is generally used when discussing ACT scores. However, the total of all four scores, 144, is used by organizations such as the NCAA.
Public colleges and universities charge non-residents higher tuition than in-state residents. Therefore, students who want to attend an out-of-state public university often think they can simply move to the desired state and pay lower tuition.
It’s generally not that easy. There’s a difference between establishing general residency and residency for tuition purposes. Each state has its own rules for establishing residency for tuition purposes. Students are required to live anywhere from 6 to 24 months before becoming eligible for in-state tuition.
ShareTweetFlipEmailPin0 SharesFinancial aid is money students are awarded to pay college. There are two forms of financial aid: gift aid and self-help aid. Gift aid is money that the student doesn’t have to repay. It can take the form of scholarships or grants. Self-help aid is money the student will be responsible for repaying such … Read more
ShareTweetFlipEmailPin0 SharesThere are two types of federal guaranteed student loans: subsidized and unsubsidized. The subsidy refers to the payment of interest while the student is attending school or is in a deferment or grace period. For qualified students, the federal government pays the interest on the loans and therefore “subsidizes” the student loan. Subsidized student … Read more
Scholarships are taxable depending on what they are spent on. If you are a degree candidate, the amount of your scholarship that covers tuition and any required fees, books, supplies, and equipment is not taxable. These books, supplies, and equipment have to be required of everyone taking the class in order to qualify. The portion of your scholarship that covers room and board, travel, research, clerical help, and equipment is taxable.
ShareTweetFlipEmailPin0 SharesThere are a variety of free SAT/ACT test prep resources available. Free Test Prep Number2.com Offers free test prep for both the ACT and SAT. Must register but not many required questions. Will receive emails that track your progress and offers suggestions on what to do next. Provides a review section for each topic … Read more
ShareTweetFlipEmailPin0 SharesThe Free Application for Federal Student Aid (FAFSA) can be filed any time after October 1st of the student’s senior year. You should submit your FAFSA as early as possible since many schools distribute certain types of financial aid on a first come, first served basis. Since the FAFSA requires information from both the … Read more
ShareTweetFlipEmailPin0 SharesFinancial aid consists of all awards from government sources, private organizations, and colleges themselves. Therefore, eligibility for financial aid will depend on the source of the aid. For federal financial aid and most state programs, besides demonstrating financial need, students must meet the following requirements: be a U.S. citizen or an eligible noncitizen; have … Read more