Ways To Pay For College
This is usually triggered by the FAFSA at both the federal and college level. This is usually free money but make sure you are following the criteria or it may turn into a loan
What is a grant?
The first letter in FAFSA stands for this, which is why you should not pay anyone to do it for you.
What is Free?
This type of app does not provide the protection a bank account gives but is commonly used to transfer money. Some examples are Venmo and Cash App
What are P2P apps?
This is a fee usually associated with making accounts go negative. Thankfully, banks and credit unions are starting to get rid of these fees
What is an overdraft fee?
When figuring what a college is charging, it is Sticker price-what=Net Price.
what are gift aids such as grants and scholarships?
There are Zombie ones, ones based on hair color, height, a lot are needs based but not all. Either way, never turn down this free money. This is not usually triggered by the FAFSA.
What is a scholarship?
The second F in FAFSA stands for federal, which is why you be seeing this domain name instead of .com.
What is .gov?
This technology is from the days of Michelangelo, Leonardo, Raphael, Donatello. While there may have been pizza involved, there hopefully were no rat Senseis.
What are Checks?
Mr. Smith advised us to "Get Jiggy with it." Mr. Simons advised that you get Jiggly with this.
What is anywhere you insert your debit or credit card, such as a gas pump or an ATM, you should jiggle the card insert to make sure it isn't a scanner.
Student Loans charge this type of interest, where the interest capitalizes.
What is compound interest?
This has its interest paid for while you are at least halftime in school and usually there is a grace a period before you have to pay it back.
What is a federal subsidized loan?
This ID is like your signature, which is why you should not give it to anyone, including your parents or guardians.
What is the FSA ID?
This card is often associated with a checking account and often has guarantees that won't be found under your mattress, such zero fraud liability.
What is a debit card?
While banks may differ in process, most start with the previous day's ending balance, credits, then debits. These debits, go from this to this, usually.
What is high to low?
Paying the minimum payments on your debt aside from your highest interest bill is called this method of paying debt.
What is the avalanche method?
Also a federal loan, the interest accrues on these right away, so these are less preferred.
What is an unsubsidized loan?
This federal loan requires a credit history and so is usually only given to graduate students or parents/guardians of students.
What is a direct plus loan?
These protect banks and Credit Unions up to $250k.
What are the FDIC and NCUA?
Whether its getting a text or email about your limits being broached, these will help fraud from happening in your account.
What are online banking alerts?
This type of transaction usually charges $1.00 for your transaction initially, which often leads to overdrafts, before the full charge posts, sometimes as early as the next business day.
What is filling up gas?
These are usually not associated with the federal government. Some require a credit history, some don't. Sometimes the rate is variable, sometimes it is fixed, etc.
What is a private loan?
This website is where you can start the FAFSA process, find out what aid you received from the federal government, and pay back loans.
What is Studentaid.gov?
You can deposit checks and cash in these, take money out, check your balance, etc.
What is an ATM?
If a bank feels that an account transaction is suspicious, they may place one of these on the account to freeze part or all of the account.
What is a hold?
Mention in another questions, these can often be charged up to five times a day. This means that a total charge of $175.00 divided by five is this.
What is $35.00?