Maintaining Summer Aid Eligibility

Summer Financial Aid eligibility is based on the exact sessions and number of units per session you indicate on your Summer Aid Application. no credit check payday loans online in Hawaii You will be subject to billing if you switch the sessions attended and/or take fewer units than indicated on the application.

UNIT REQUIREMENT AND CENSUS DATE

In order to be eligible for summer aid, students need to enroll in a minimum of 6 units (half-time status).

Aid will be subject to cancellation if you drop below half-time status. Some programs (Federal Pell Grant and Summer University Grant) require enrollment in 12 units to receive full eligibility. Financial Aid and Scholarships will review all units at the end of the third week of each UCLA summer session (the census date) in order to determine your eligibility for summer aid. If you are not enrolled in the number of units on which their award was based on will be billed.Continue reading→

At College Ave, we know that navigating how you’re going to pay for college can be stressful. To help, we’ve created a $1,000 monthly scholarship sweepstakes. We choose a new winner each month so the next one could be you!

Pros and Cons of Grants

Pros Grants do not need to be paid back for most students, and the application process is straightforward since eligibility is based on financial need alone.

Cons There are some exceptions to the “free money” aspect of grants. With federal grants, for example, a student might be required to pay back all or part of the money they receive if they receive outside grants or scholarships that reduce their overall need for aid. Students may also be required to pay back federal grant money if they drop classes.

Pros and Cons of Loans

Pros While it’s never fun to owe money, it does help you establish a credit history. This will help when you apply for credit cards and other types of loans in the future (like a car loan or a mortgage).

Cons In addition to paying back the amount you borrow, you will need to pay interest on that amount. Interest is essentially the cost of borrowing money and is calculated as a percentage.

Interest rates on student loans tend to be much lower than the interest rates on personal loans. CreditKarma recently reported that the average interest rate for private loans in the first quarter of 2018 was percent. At College Ave, we offer competitive interest rates on our private student loans.

How to apply for scholarships

When it comes to finding scholarships, your high school or college can be a great place to start. An advisor can help you determine what national and local scholarships are available to you. The Internet, of course, is also a terrific tool. Scholarships is one of many online resources and can search over 3.7 million college scholarships, as well as grants.Continue reading→