Posts by Chris Wills
Student Aid Index (SAI) – 5 things to know
You fill out the FAFSA, which gives you your Student Aid Index (SAI), which is how much your family will pay for college. Seems simple right? Ah, but like most things with the college process, that is unfortunately not the case. Here are 5 things every family should know about that SAI. 1…
Read MoreFAFSA error means less financial aid for families
The new, redesigned FAFSA that will launch by the end of 2023 has a calculation error that will result in most families qualifying for less financial aid than lawmakers intended. The legislation that drove the FAFSA overhaul called for an increase to the amount of income that was shielded from the FAFSA calculation, otherwise…
Read MoreMusic Admissions 101
College Inside Track’s Dr. Heather McCowen was a featured panelist at a Chicago Youth Symphony Orchestra workshop on everything families need to know about the music admissions process. Click here to watch the workshop
Read MoreFull pay as a college strategy
While many families are looking for ways to reduce the cost of college, a new strategy has emerged that actually seeks to pay the full amount for college. The ability to pay the full sticker price can make families more attractive to schools, and thus increase their chances of getting accepted. According to…
Read MoreFAFSA delayed
The FAFSA form for students entering or attending college in Fall 2024 would normally open on Oct. 1, but has been delayed until sometime in December due to the significant new changes being implemented. The Department of Education needs more time to update the application and the various calculations related to the updates. This also…
Read More5 things most families don’t know about before taking out student loans, but should
1 $31,000 is the maximum amount dependent undergrad students can borrow in federal direct student loans. Annual limits are: $5,500 in year 1 $6,500 in year 2 and $7,500 each subsequent year until the $31,000 overall limit is reached 2 You must complete the FAFSA to access the Federal Direct Student Loans and the Parent…
Read More6 Questions You Need to Ask on Your Next College Tour
Chirping birds, beautiful old buildings covered in ivy, large century trees and an eager student chatting and walking backward. This is what many of us experience during our kid’s college tours. I’ve been on many, many tours during the searches for my kids and in addition to the painted picture here, I noticed one other…
Read More4 guidelines for taking on student loan debt
Identify the average starting salary for the field the student is planning to go into, and the family should not have any more than that number in total education loans. Considering a school that would leave you with $35,000 debt for an undergraduate electrical engineering degree? That would pass the test for an acceptable amount…
Read More3 ways families can lose financial aid
As if it isn’t hard enough to finance college, many families overlook the strings attached to maintain and not lose the financial aid they received freshman year. It’s easy to see how this happens. Families are grateful for any financial aid they get and simply assume it will be the same every year. But there…
Read MoreFree college for low-income Minnesota students
College Inside Track was featured on KARE 11 TV discussing the new Minnesota law that will make college free for low-income students. In the KARE 11 interview, CIT’s Chris Wills said around half of U.S. states have similar programs, some of which cover all state colleges and universities, and others only cover community colleges. …
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