Financial Aid Award Letters

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By Lighthouse Counselor Brooke Nowak – M.A. Financial Aid Award Letters: After a college accepts you, you’ll receive a letter that outlines how much the school will cost and what kind of financial aid package you’ll receive — including federal, state, and school sources. There’s no standard format for schools’ award letters, but they contain the same overall information. Here …

College Financial-Aid Offers: What Families Need to Know

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By Veronica Dagher As students’ college-acceptance letters arrive, their financial-aid award letters usually aren’t far behind. The letters detail the financial assistance each school is offering. However, not every school uses the same format, which often makes the award letters difficult to understand and compare. Here are seven common award-letter mistakes and advice from financial-aid experts on how to avoid …

The Truth about Grandparent-owned 529 College Savings Plans and College Aid

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By Troy Onink, Forbes Magazine Contributing Writer Many grandparents save for their grandchild’s college education using 529 college savings plans for good reason, but there is confusion about whether or not it will hurt the grandchild’s eligibility for college financial aid. The answer is that it depends, but even if it does it may not have a big impact. 529 …