myUsearch blog

The cost of a college degree is getting more expensive every year.  According to College Board, the average four-year public college charges a tuition rate of $7,020 and the average tuition cost of a four-year private college is $26,273.  That’s a lot of money.  And while there are resources out there to help families cover their college expenses, who has the time to research these opportunities?  It’s tough.   The purpose of this blog is to simplify your life.  If you follow these quick tips on financial aid, your college financing process will be a lot easier.  Let’s get started…

Photo by Borman 818  

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Today we have a guest post from Kelsey Murray. Kelsey Murray is a junior at the University of Oklahoma studying advertising. She also writes about news, trends and advice for college students at EDUInReview.com, an educational resource helping students at all stages of the education process find student loans, scholarships, testing advice and more.

Being a student is hard work. You attend classes, spend countless hours studying and prepping for exams, stay involved in extracurricular activities, and you might have a job as well. But the hardest part of college can be actually paying for it.

While financial student aid is a saving grace for so many students, it can be difficult to know which type of aid for college suits your academic and economic needs.

Here’s a quick overview of some of the most common types of financial student aid and what factors play into determining who qualifies for each type.

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Paying for college can be even more of a struggle than getting in, but new legislation might make it a little easier for families by increasing federal financial aid. Last month Congress passed the Financial Student Aid and Fiscal Responsibility Act. The legislation expands financial aid, shifts direct federal lending and removes subsidies to private lenders. Supporters have claimed that the bill would save taxpayers $87 billion over the next 10 years. The legislation promises to make college more affordable, but what does that mean for you and your family?

Photo by Borman818

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