College Scholarships, Grants & Loans

Tuesday, December 27, 2011

FAFSA and Scholarship Deadlines

OK, so another Christmas has passed us by and even though vacation isn't over yet, it's time to start thinking about college. First think FAFSA. Many companies will get your W-2's and 1099's out by the 15th of January...if this is your case, you're probably ok waiting to do the FAFSA. But some companies will wait until the end of January or even later. If this is the case, you will be better off doing an estimated FAFSA and updating it when you have the final financial documentation. Many schools have early deadlines and you don't want to miss out on any financial aid opportunities. For more information, visit the FAFSA page at College-Loans.us.

Unfortunately, there are a couple of Scholarships missing from this year's lists...the Sam Walton Community Scholarship and the Walton Family Foundation Scholarship. The Walmartstores website just mentions that applications are no longer being accepted for the two programs.

The KFC Colonel's Scholars Program is offering scholarships of up to $5,000 per year. Applications must be in by February 8, 2012.

The Ben Carson Scholarships from the Carson Scholars Fund which presents $1,000 college scholarships to students in grades 4-11 has an application deadline of January 13, 2012.

The Bank of America Joe Martin Scholarship awards $2,500 scholarships to Dependents of Bank of America associates and the deadline is February 29, 2012.

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Sunday, December 18, 2011

PELL Grants Take a Hit in the New Budget

In a compromise budget recently passed by the House of Representatives, the maximum PELL Grant will remain at $5550, but there will be fewer students eligible. The grants will only be allowed through a student's sixth year or 12 semesters, rather than the current nine year or 18 semester limit.

Also in the budget, students receiving subsidized undergrad direct loans starting July 1, 2012 will no longer receive six months grace period when graduating or leaving college.



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