The BIG MYTH About Public Colleges
Hey, guys! It’s Eric at Solution Prep, and if you know me, you know that making college affordable for students and families is something I focus a lot of my time on. But today I want to dispel a myth…
The SCOTUS Call on Student Debt
We’re back today to discuss how another Supreme Court (SCOTUS) ruling is affecting college students, both present and past, in regard to student debt. President Biden made a campaign promise of reducing student loan debt for borrowers. And in 2022,…
Do You “Qualify” for the FAFSA?
One question I get from parents is asking if they qualify for the FAFSA, and the answer is yes! Every American citizen and green card holder meets the FAFSA qualifications and can fill out the free application at FAFSA.gov. The…
Subsidized vs Unsubsidized: How Student Loans Work
Now that the college bill is due, it’s time to talk about the difference between Subsidized vs Unsubsidized student loans. If you filled out the FAFSA, you’re offered $5,500 in a direct loan that is often called the “Stafford Loan”,…
Student Loan Rates Are Up HOW MUCH!?
Today we’re talking about student loans. New student loan rates are in for the ‘22-’23 school year, and like everything else these days, they’re going up. On the federal side, the Direct Subsidized and Unsubsidized Student Loan, often called the…
The 9 Costs of Attending College
One question I get asked a lot is, “Where do colleges come up with their cost of attendence?” That’s what they call their “COA.” There are nine categories of expenses in that “COA.” Let’s run through these costs of attending…
4 Reasons to Use Student Loans (even if you don’t need to)
Today I want to give you four reasons to consider taking that student loans even if you can afford not to. One, if you have an investment that’s appreciating in the market, and you can beat the rate on that…
Why EVERY Student Should Apply for Financial Aid
Today I want to tell you why parents of every incoming college student should apply for financial aid by filling out the FAFSA, which is the Free Application for Federal Student Aid at FAFSA.gov. In the 2019–2020 school year, the…
What to Know About FAFSA Changes (Filing in 2021 for the 2022-2023 School Year)
Today is October 1st, which means it’s the day that the FAFSA opens at FAFSA.gov and we can get a first look at the supposed changes. That’s the Free Application for Federal Student Aid, and it’s your first step for…