February is Financial Aid Awareness Month, making it the perfect time to explore ways to help your college-bound student manage their expenses and understand their loans.
Talk It Out
The first thing you should do is sit down and discuss the many different college costs, including the following:
Paying for college can be a difficult concept for many students to understand, so dealing with discrepancies in costs between schools can be helpful—especially the differences between public and private schools.
Split It Up
Talk about what you are willing to pay or borrow for and what your child is responsible for while getting as granular as possible.
Take Advantage of Financial Support
Higher education is pricey! Thankfully, there are resources that can ease the burden, including:
Many high schools offer lists of scholarships that are available for graduating seniors. Check with your child’s school to see the additional scholarships they may be eligible for and start applying ASAP.
Preparing for college is equally exciting and daunting as you and your child prepare to take on new expenses and responsibilities. Utilizing the resources available to you can help ease the financial burden and allow you to get the most out of the college experience! MVCU is here to help.
Learn more and apply for our 2025 Scholarship Awards at https://www.mvcu.com/scholarship.
Category: College Bound
Need a smart strategy to save on essential school supplies? Planning your dream vacation or gearing up for the holiday season? With a club account, you can save for essential school supplies, exciting vacations, and joyful holiday celebrations, making your financial goals more attainable and stress-free.
Now is the moment to turn your attention to your tax obligations. With less than 60 days remaining until the tax deadline now is a good time to prepare your documents and file.
Millions of Americans are affected by identity theft scams each year. As technology rapidly evolves, these scams are on the rise and it’s more important than ever to be aware of how to protect your personal information. Scammers constantly change their tactics, and staying informed is the best way to protect yourself. In honor of National Identity Theft Awareness week, here are some common types of fraud you should watch out for:
February is Financial Aid Awareness Month, making it the perfect time to explore ways to help your college-bound student manage their expenses and understand their loans.
Student loans are a reality for millions of Americans, offering both opportunities and important considerations for your budget. When managed strategically, they can serve as a valuable financial tool, but thoughtful planning is key to managing repayment effectively.