Word of the Day Wednesday: Scholarship Search

529 PlanEach Wednesday, MEFA will feature a Word of the Day, where we’ll highlight a word (or sometimes a phrase) related to the college planning process. This month, we’re focusing on vocabulary related to YourPlanForTheFuture.org (YPFF).

Today’s Word of the Day is Scholarship Search.
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Massachusetts College Application Celebration (MCAC) & YPFF

Join us in recognizing the upcoming Massachusetts College Application Celebration Initiative (MCAC) season!

What is the Massachusetts College Application Celebration (MCAC)?
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Word of the Day Wednesday: YPFF Loan Cost Estimator

loan cost estimatorEach Wednesday, MEFA will feature a Word of the Day, where we’ll highlight a word (or sometimes a phrase) related to the college planning process. This month, we’re focusing on vocabulary related to YourPlanForTheFuture.org (YPFF).

Today’s Word of the Day is Loan Cost Estimator.
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5 Things to Know about Net Price Calculators

501602271Families often ask us for help determining the true cost of each college and university on their list. And thankfully, there are online resources available that can provide some insight into that request. Net Price Calculators (NPC), tools found on all college and university websites, help families with the college affordability question by providing prospective students and their families with an estimated financial aid award, based on the family’s financial and household information. Though these estimated awards are just that — estimates — and not a guarantee of the financial aid to come, they do give families a sense of what they’ll pay at each college or university, by allowing the family to subtract their estimated financial aid from the college’s full cost in order to determine the “net price” the family will owe at each school.

What are the most important things to know about Net Price Calculators?
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Word of the Day Wednesday: College Compare Tool

college searchEach Wednesday, MEFA will feature a Word of the Day, where we’ll highlight a word (or sometimes a phrase) related to the college planning process. This month, we’re focusing on vocabulary related to YourPlanForTheFuture (YPFF).

Today’s Word of the Day is College Compare Tool. Continue reading

College scholarships for children as young as 6

74010198If you’re a parent, you’ve likely spent some time thinking about college costs, no matter the age of your children. At MEFA, we’re always encouraging families to start saving for college early, in order to prepare yourself financially for the expenses ahead. But did you also know you can start exploring scholarship opportunities years before college actually begins? Several companies and organizations offer college scholarships for young children, thereby helping students and their parents ensure they have some money set aside to help with college bills.

We’ve gathered information about several scholarships below, some available for children as young as six years old. Review the details for each one and encourage your son or daughter to enter. By putting in  a little work now, your child could ensure that there are funds ready and waiting for when college costs come due.

Click on each scholarship name for further details: Continue reading

High school seniors: There’s still time for college visits!

462134667Visiting colleges is an important part of the college admissions process. It helps students determine the colleges that are right for them, and helps to finalize the college list. Many students and parents took college tours over the spring and summer months in anticipation of applying Early Action or Early Decision, and those students have hit the ground running this fall.

However, many, many students applying regular decision (with early January deadlines) can still take advantage of college visits in the next few months. Continue reading

Student Loan Repayment – Life After College (part 2)

The start of November is a wonderful time of year. Thanksgiving is around the corner, holiday plans with families are coming together, and the chill of winter hasn’t completely set in. For some, November also brings the start of education loan repayment. Beginning monthly payments on an educational investment can be an overwhelming process, but it does not have to be!

A few weeks ago, we shared what it means to be in “Grace Status” with your loan(s).  If you are one of the many loan borrowers in this grace period, then your due date to pay back your loan(s) is likely right around the corner.  Before this date arrives, be sure to find the answers to a few key questions: Continue reading

Word of the Day Wednesday: IDOC

Age Based Investment Strategy
Each Wednesday, MEFA will feature a Word of the Day, where we’ll highlight a word (or sometimes a phrase) related to the college planning process. This month, we’re focusing on vocabulary related to the CSS/Financial Aid PROFILE®.

Today’s Word of the Day is IDOC. Continue reading

Word of the Day Wednesday: PROFILE® Acknowledgement

529 PlanEach Wednesday, MEFA will feature a Word of the Day, where we’ll highlight a word (or sometimes a phrase) related to the college planning process. This month, we’re focusing on vocabulary related to the CSS/Financial Aid PROFILE®.

Today’s Word of the Day is PROFILE® Acknowledgment. Continue reading