Melissa Korn
speaker
822 appearances
14 recordings
1 series
first heard Sep 2017
last heard Sep 2024
Melissa Korn’s voice in public audio — every appearance, attributed to the second.
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Appearances
We're offering to cover all of your tuition.
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And schools send out those letters.
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They can all look a little bit different.
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They use different terminology sometimes.
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There is kind of a standard recommended by the federal government, but not all schools use it.
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So you got to read carefully, read the fine print, call the financial aid office with any questions.
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Don't assume anything.
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And remember that all of the dollar figures there generally are for one year, not for all of college.
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And when a letter comes notifying you of a scholarship, also keep that in mind.
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This is a scholarship likely for one year.
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It is renewable or you have to reapply for it afterwards and know the terms of the scholarship before you finish doing the math on whether a school is affordable.
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Right.
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I think oftentimes a family will see a financial aid letter.
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They'll see, okay, well, the school is saying the kid can take out $5,500 in federal loans and I can handle $30,000 and that's great.
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And then you multiply that out by four or sometimes five.
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And that is a very different, much higher dollar figure that you are now on the hook for.
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Families need to understand the difference between free money and money they're expected to pay back.
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So scholarships and grants are free money.
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Work study is money that you get for working a job on campus, generally on campus.
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Loans are money that you're expected to pay back with interest.
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Showing 401–420 of 822 · page 21 of 42
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