Free Webcast Tonight on Finding Money for College

Larry Dannenberg, one of the nation's leading experts on financial aid who has spoken on NPR and Fox TV, will help families understand the forms, the formulas, and the loans. You'll be surprised how colleges look at you and how you can optimize your chances of getting financial aid. You will:

  • learn how to reduce your college costs by thousands of dollars each year
  • discover which colleges consistently deliver aid to families earning $100,000 annually and which will disappoint $25,000-a-year families
  • identify which strategies work at all schools and which popular strategies do not work at any

One lucky participant will win a ten minute phone consultation with Larry Dannenberg about his or her financial aid situation!

WHEN: Tuesday, November 18 @ 8pm ET

To register, click here.

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Get Your Financial Aid Questions Answered

Fill it out, and you may be pleasantly surprised.

For those families who are still wondering how they will be paying for college, The New York Times' Choice Blog has posted Part 1 of a series answering your questions about the Fafsa here.  For those of you still not familiar, Fafsa stands for Free Application for Federal Student Aid, and it is what all applicants need to submit in order to qualify for financial aid.

One common question is whether there is a particular cutoff of eligibility above which families will not receive aid. According to financial aid expert Mark Krantowitz, there is no cutoff. Rather it depends on various factors including the number of people in your household and how many unusual expenses you may have. In fact, many applicants decide not to apply, mistakenly believing that they would not qualify: "More than 1.7 million students failed to file the Fafsa in 2007-8 because they incorrectly believed themselves ineligible for financial aid. More than a third would have qualified for the federal Pell Grant, and about half of these students would have qualified for a full Pell Grant."

To see more answers to common financial aid questions, click here.

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The Financial Aid Calculator for College

Did you know that you could calculate what college will cost?

Aware of the ever-rising cost of college and to promote cost transparency, the federal government instituted an October 2011 deadline for colleges to post a net-price calculator on their sites. As reported in this article published on, the calculators have been eye opening to high school students like Shawnia Johnson leading her to modify her college list and begin to focus on working and saving more. For senior Adithya Balaji, the calculators were a great stress relief: "Going into the final stretch without having any idea what to expect [in terms of financial aid] would be really stressful. The calculators are useful in setting real expectations."

While awareness of the calculators, as well as their visibility on college sites, must be improved, it is a step forward towards making the application process less tense. As Brian Lindeman, financial aid director at Macalester College puts it, “Applying for financial aid can be a very mysterious process. This is a great way to get an early visual estimate of what paying for college might look like."