To help provide educational funding for each and every student, regardless of race, national origin, religion, sex, marital status, age or disability. To provide the best customer service possible with a team of experts available to give guidance and advice. In 2003, the founders of StuFund came across some startling statistics.
Tuition costs increase an average of 7 percent each year, about three times as much as an average year's inflation. More than 75 percent of students who do not go to college would have done so had money not been an issue. Over 300,000 students each year choose colleges beneath their academic potential because, without access to loans, they couldn't afford tuition.
Tuition costs increase an average of 7 percent each year, about three times as much as an average year's inflation. More than 75 percent of students who do not go to college would have done so had money not been an issue. Over 300,000 students each year choose colleges beneath their academic potential because, without access to loans, they couldn't afford tuition.
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Investing in your education is investing in your future, and it's money well spent. On average, a graduate from a four year college will earn 80% more in their lives than somebody with only a high school diploma. They will have more doors open to them, more opportunities to pursue. They will have the tools to go after their dreams.
Families today must face the fact that sending kids to college is more expensive than ever. And if that concept overwhelms you, you are not alone! But like many challenges in life, if you plan ahead and break the process down into bite-sized pieces, creating a strategy to fund your education will become more manageable.
Financial aid is a broad term used to encompass the various funding sources for a student's education. It's rare these days that a student will get a "full ride, " or a financial aid package that covers all possible expenses. It's more likely that a student will secure financial aid that covers only a portion of what they need, and the rest must be funded through private resources.
Scholarships and grants comprise $3 billion of the money used to pay for education expenses each year. But you can only acquire some of that money if you take the time to do research and submit applications on schedule. Collect information: Do an exhaustive search to find out which scholarships and grants are available to you.
At this point it is necessary to complete a FAFSA (Free Application for Federal Student Aid). This is a standardized form that colleges and the federal government use to determine how much money a student needs and how much money the student and his/her family is expected to contribute. Families must complete a new FAFSA every year they are seeking financial aid.
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