62 U.S. VETERANS MAGAZINE WWW.USVETERANSMAGAZINE.COM
HIGHER EDUCATION
There is no place for racism at U.S. Veterans Magazine . We stand in solidarity with our Asian-American and Pacific Islander (AAPI) community, employees, creators, business partners and readers against injustice.
#StopAsianHate
info from College Scorecard The U.S. Department of Educations College Scorecard website helps prospective students make informed postsecondary education choices. There are plenty of options to consider but, finding the school that fits your goals and aspirations is critical to your success. Make your own college wish list and compare your options with College Scorecards comprehensive data on colleges and universities, including costs, outcomes and more. Key data elements featured on College Scorecard include: Cost: Average annual cost for federal financial aid recipients, which is the tuition, living costs, books and fees minus the average grants and scholarships, as well as average cost by family income. Completion and retention: Graduation rate and the proportion of students who return after their first year. Debt: Typical cumulative federal debt of graduating borrowers by field of study and typical monthly payment. Earnings: Typical annual earnings of former students one year after graduation by field of study.
STEP 3:
Now how do I navigate financial aid and make a plan to pay for school? The only way to find out how much a school will cost you is to apply, get accepted and receive a financial aid offer. (For that reason, we recommend applying to multiple schools.) Once you have your offers, you can evaluate them with the CFPB's webtool: your financial path to graduation (Grad Path). Grad Path guides you through information that will help you answer questions like, Can I afford the loans Ill need to finish my program? and, Is this school worth it for me? Here are a few ways Grad Path can help you navigate paying for college: Break down the financial aid offer. Grad Path explains jargon in plain language. For each type of funding, it points out money saving strategies as well as potential pitfalls. As you examine each funding source (including the GI Bill, Military Tuition Assistance and other programs like Yellow Ribbon), you will see your running total of uncovered costs. Look at the whole picture. Students often overlook expenses, miss funding options and forget to consider the total cost of a multiyear program. Grad Path provides detailed guidance about costs and resources, plus projections about total debt and earnings at graduation, to help you determine whether you can afford a particular program, now and in the long run. Decide whether the school is financially right for you. Understanding how a school fits into your academic goals and future job opportunities is just as important as planning how to finance your education. This tool provides key statistics to consider when determining whether a program is likely to pay off on the investment of your time, work and money, including your servicemember education benefits.
Source: consumerfinance.gov
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