Posts Tagged ‘personal finance’

posted by | on College Tips | Comments Off on Why You Need to Know About FAFSA Deadlines

As FAFSA deadlines are approaching, it is important to make sure that you file your FAFSA on time if you are planning to attend college in the fall. You can find out when the FAFSA deadline is according to the State in which you are currently a residence. Click here to find your state deadline. Still, many students and parents have questions about the FAFSA form. Is it worth the time and effort to fill it out? Today, the question that we are answer is as follows:

How can a FAFSA benefit me if I am not wanting to take out loans?

1. Scholarships. Many scholarship applications are based on financial need. The FAFSA can be used by schools to allocate these specific types of scholarships. Without filing your FAFSA, it is difficult to prove your financial need to a college. Even private scholarships that are not connected with a school will have need-based scholarship opportunities. By submitting your FAFSA on time, you are prepared to apply for different scholarships that are based on financial need.

2. Grants. A common type of U.S. Federal grant is the Federal Pell Grant. You do not have to repay this grant. (Although you always want to double-check on grants to make sure that you do not have to repay them. If you do, the grant is more like a loan.) Allocation of the Federal Pell Grant is based on financial need, hence one more reason to file your FAFSA. Other grants will have similar stipulations and require your FAFSA to be filed in order to be eligible.

When you are filling out your FAFSA form, make sure that you work with your parents, as their income information has to be filed, as well. Although it can take a little time and effort to submit the FAFSA form, it can be very beneficial when you are applying for need-based scholarships and grants! Just remember, just because you submit your FAFSA form does not mean that you should take student loans that are offered to you. The Direct Stafford Loan is the most common type of federal student loan for which you could be eligible. However, you have to pay it back.  If you are “eligible” for a $20,000 a year loan, you could potentially have $80,000 of student loan debt by the time you graduate! Yikes! Here’s another solution: Use the tips found in the book, Smart Work U, to help you graduate from college debt-free with no loans.

Question: What is the most challenging part about filing your FAFSA? Make sure to leave your answer in the comments below. 

To your college success!

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posted by | on College Tips | Comments Off on How to Create an Income in College

Have you ever had money problems?

When you are in college, many of the money problems stem from a limited income and poor money management skills. Today, we are answering the question of how to solve some of your money problems in college without having to call home and ask for more money every week. There are three types of jobs that you could pursue in order to help you make ends meet in your finances every month.

So before you pick up the phone to call home asking for money again, click on the video to learn 3 ways to create an income.

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posted by | on College Tips | Comments Off on How to Pay Your Bills in College

Do you have to pay your own bills now that you are in college?

Being responsible for your finances is part of growing up.  When you go off to college, you learn first hand that money is finite, meaning that it eventually runs out. Your income from your job will help you pay your bills. However, it can be scary if you don’t have a plan to pay your bills. How will you pay for unexpected car repairs? From cell phones to insurance, keeping track of your expenses is key.

The question we are answering is about how to pay your bills each month.

Click the video below to learn 3 tips to help you shed the fear and uncertainty about your finances.

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posted by | on News | Comments Off on Money Matters – OnCourse Magazine

It is an honor to have written an article in the ONCOURSE magazine.  The article, Money Matters, tackles 3 areas that deal with your finances as you head back to college. It talks about how money not only impacts you, but everyone around you. Here’s a quote from the article.

“But, if you don’t learn how to handle your finances, money will not just burn a hole in your pocket but could potentially “burn holes” in your relationships with your friends, parents, and future spouse.”

I would love for you to read the whole article. You can download the ONCOURSE Magazine App on your Ipad or other device from the “Newstand.” The best news is that the app is FREE! The whole magazine is very interactive and geared toward young people!  Here is a picture of it from my iPad.

To Your College Success!

 

 

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