Thursday, September 29, 2016

Financial Aid in a Nutshell

by Stephanie Worthley

As students are visiting colleges, filling out college applications, and writing college essays, it is important to explore the world of college costs and financial aid. Financial aid can be based on financial need or merit, and is provided by federal and state governments, colleges and universities, and local and national private organizations. 

For more information, please join us on Thursday, October 13, 3016 @ 6:30pm in the High School Auditorium. All junior and senior parents interested in learning more about the college/financial aid process are welcome to attend. A financial aid expert from the Massachusetts Educational Financing Authority (MEFA) will present topics including: financial aid application process, completing the FAFSA, information on scholarships and loans, and resources for families. 

In addition, these videos produced by Planet Nutshell can help students and parents understand the FAFSA and the financial aid process. Here are a few to check out: 

Understanding Federal Student Loans in a Nutshell  from Planet Nutshell
Not all federal student loans are created equal. This video explains the key differences between Subsidized Direct Loans, Unsubsidized Direct Loans, and Direct Plus Loans. 

Choosing Financial Aid in a Nutshell from Planet Nutshell
Once you have filed out your FAFSA and have been accepted to college, you will receive a financial aid award letter that outlines what financial assistance is available to you. This video explains how to add up your school expenses and choose the financial aid package that's right for you. 

Borrow Wisely: FAFSA in a Nutshell from Planet Nutshell
When it comes to your financial future, it is important to plan ahead before you take out student loans. 


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