Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode14-11.mp3]
On this March 12, 2014 episode we discuss the importance of the filing the Free Application for Federal Student Aid, or FAFSA ASAP with Andrew Viscariello of Black Hawk College. In addition, we are discussing three appeal types when it comes to you or your students financial aid.
Guided by we talk with Mary Lawson, Associate Director of Financial Aid at Western Illinois University (@WIUNews) , First we cover the Estimated Cost of Attendance, or ECA/COA appeals, and how to appeal that if you feel the cost profile is too low. Next, she discusses how to appeal your initial Expected Family Contribution number, or EFC and your Financial Aid Award Letter, if it does not reflect your current financial circumstances.
Next, we talk to Angeles Fuentes of California State University, Monterey Bay, about Satisfactory Academic Progress, or SAP Appeals and how most financial aid office’s deal with those appeals.
Continue reading How To Appeal Your Expected Family Contribution (EFC), Cost of Attendance (COA) and Satisfactory Academic Progress (SAP) Suspension
Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode14-10.mp3]
On this March 6, 2014 episode we interview students on the ground about what they do to control costs while in school. We also discuss the declining number of students attending their first pick college, and why a private not-for-profit college may be cheaper than a state school. And don’t forget our scholarship of the week, the McDonalds Scholarships for High School Seniors.
Download The Episode: Ep14-10 March 6,, 2014
This January 15th, 2014 episode we talk about college costs and how to make sure cost of attendance matches with total financial aid. We speak with Andy Borst (Twitter @WIUAndyBorst) regarding rising colleges costs, and how colleges and universities like Western Illinois University (twitter @WIUNews) are locking in rates for four years at a time to keep costs low for students.
Listen to the episode: [audio https://s3-us-west-1.amazonaws.com/cmmwordpress/Podcasts/episode14-3.mp3]
Download The Episode: Ep14-03 January 15, 2014
After increased downloads of my regular podcast, I have decided to begin a new podcast series starting next week. The new podcast series will be two minutes or less each episode and cover one small topic on financial aid.
I am eager to hear any suggestions or thoughts on great topics you would like to see covered! Feel free to send them to me via the comments box below, or via email at collegemoneyman at gmail dot com.
My first five episodes will cover
- What is the FAFSA?
- What is the EFC
- What is the Pell Grant
- What is Federal Work Study
- What is the the FSEOG
I have decided Sunday’s is my designated time for answering your questions should you send them to me via email, twitter, YouTube or the blog in the comments section. Last week, a student asked me the following:
Dear College Money Man,
I want to change majors, however I have already been in school three years, and want to know how long I will keep getting financial aid if I continue to be eligble.[sic]
To address this, its important to keep in mind that the limits on financial aid such as Pell Grants, and Stafford Loans are governed by different limit rules. Addressing the big picture issue of time left in school, it is important to think in terms of total credit hours earned, rather than years alone.
more after the jump
Continue reading Your Financial Aid Has A Time Limit Attached: Reader’s Response
Seven years ago, I gave up public speaking and writing on scholarships and financial aid in order to concentrate on my other business, and online textbook company I eventually sold. Part of me always regretted it, as it was the job I enjoyed more than any other before it and after it. In 2005, the economy was booming, and the recession hadn’t begun. College was a bit cheaper, and more aid was available to student. But in 2012, the cost of college has skyrocketed. Aid programs such as Pell Grants, and state level tuition waivers have failed to keep up, and in many states decreased.
After a roller coaster career ride over the last ten years, I feel it is time to finally do the thing I loved the most; helping others help themselves. The College Money Man, is to become my new alter ego. This blog, is meant to distill 7 years of managing financial aid and accumulating over $250,000 in funds, into manageable pieces so others can learn. Feel free to email me at collegemoneyman at gmail dot com with any question you may have, or feel free to leave them in the comments section.