Career Cost 

FINANCIAL AID TERMS you need to know

Award Letter  This is a term sometimes used for an offer from a college or career school that states the type and amount of financial aid the school is willing to provide if you accept admission and register to take classes at that school. Cost of Attendance (COA) The total amount it will cost you to go to school—usually stated as a yearly figure. COA includes tuition and fees; room and board (or a housing and food allowance); and allowances for books, supplies, transportation, loan fees and dependent care. It…

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Career Cost 

Does College Have to Cost a Fortune?

Many adults without a bachelor’s degree want to go back to college, but worry about the overall affordability of student loans, according to a 2019 nationwide survey.* The survey showed the dilemma that faces many adults who have less than a college credential. About 70 percent said they believed colleges successfully prepare adult students for the workplace, and the same percentage believe having a bachelor’s degree is important to secure a job. Roughly 60 percent have considered returning to school to complete a degree. The majority said that finances pose…

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Career Cost 

Active Ways to Save on College Expenses

Many of us learned new ways of saving money by being more frugal in 2020, perhaps by cooking at home or postponing small luxuries. Those small savings can translate into impressive ways to save for your education, or a loved one’s.  FINANCIAL TIPS Fill out the FAFSA every year. Complete the FAFSA by April 15th before each new school year, regardless of your family’s financial status to see if you’re eligible to receive funds. The FAFSA helps you tap into federal, state and institutional grants and scholarships. Apply for scholarships…

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Career Cost 

3 COSTLY FINANCIAL MISTAKES AND SMARTER SOLUTIONS

Your college degree is the best investment you can make for your future. But costly mistakes can undermine your best efforts. Here’s what to avoid and some thoughts on a better approach: Mistake: Taking forever to finish your college degree. The Indiana Commission for Higher Education estimates that every additional year students spend in college costs at least $50,000 in tuition, fees and lost wages. Solution: Taking 30 credits per year is the best way to graduate on time and finish within your budget. Plus, under Indiana law, students must…

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Career Cost 

STUDENT FINANCIAL RESOLUTIONS YOU CAN KEEP

Start now and you’ll thank us (and yourself) later. FINANCIAL TIPS Fill out the FAFSA every year by April 15. Complete the FAFSA before each new school year, regardless of your family’s financial status to see if you’re eligible to receive funds. The FAFSA helps you tap into federal, state and institutional grants and scholarships. Apply for scholarships and grants. Scholarships aren’t just for freshmen. Keep applying for scholarships for specific costs, such as study abroad, or for fellowship programs to cover the cost of unpaid internships. Check with your…

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