To celebrate the Class of 2016, Inceptia has published its third annual “Great Advice for Grads,” a collection of articles that offers practical advice and words of wisdom for money, loans, and living one’s best life. Check it out here.
Navigating the FAFSA:
Federal Student Aid published a new video to their YouTube channel: https://www.youtube.com/watch?v=QdaGZASwjZU
This 6 minute video contains helpful information for parents of Free Application for Federal Student Aid (FAFSA) applicants. It helps parents navigate the FAFSA process: from logging in, to filling out and to signing their child’s FAFSA using their FSA ID.
Creating an FSA ID:
For information on creating an FSA ID, FSA has a video with detailed instructions on how to create an FSA ID: https://www.youtube.com/watch?v=lLi0q7hkFns
Please review these videos and share them with students and parents on campus, at high school night or SDV presentations, in your offices and anywhere else it could be seen.
April is National Financial Literacy Month which means it’s a great time to review your finances and develop a plan for managing your money. Some excellent resources are available on NOVA’s Financial Literacy Blog.
You may wish to review the Money Management for College Students presentation, request a free copy of your credit report at www.annualcreditreport.com, and set up a budget and savings plan. You could also enter NOVA’s CashCourse Contest for a chance to win $100 while learning about managing your finances.
If you haven’t already done so, remember to reapply for financial aid by completing the 16-17 FAFSA at www.fafsa.gov and submitting any items that may be requested on your NOVAConnect To Do List before the May 1, 2016 priority filing date for fall 2016.
If you’ve borrowed student loans we also encourage you to utilize NOVA’s Loan Planning Form to review your loan history, determine the impact of additional borrowing, and start planning for loan repayment.