ASU Barrett Essay Prompts 2023-2024

August 25, 2022

The ASU Barrett Essay Prompts for admission into the 2023-2024 school year are listed here.

The ASU Barrett essay prompts are the same as the previous year.

Remember to send us your essays for review and feedback!

From ASU Barrett's website:

The Barrett application essay allows you to address our admissions committee in your own voice. We have a deep interest in knowing why you are considering Barrett, The Honors College, and your essay will let us better see you as a future scholar in our honors community.

The essay will also contribute to our assessment of your ability to write effectively, a key skill for success in the honors curriculum.

Keep the following in mind:

  • Your essay should closely examine your ideas about your education and about the Barrett experience
  • Your essay may take creative and intellectual risks, but be sure to address and integrate all elements of the prompt
  • Your essay should give the admissions committee insight into how you think, how you reason, and what you value

With an essay of approximately 300 - 500 words, reply to *one* of the following prompts. Your response may be critical or creative.

  • Prompt 1 
    Discuss how a specific piece of art (painting, literature, photograph, etc.) or popular culture (song, comic book, etc.) helped you realize something new about yourself or the world. What was that realization, and how did the piece of art or pop culture bring about this change in your thinking? Do not simply describe the piece of art or pop culture; instead, focus on its effect on you and how it makes you a good fit for the Barrett Honors College experience. 
  • Prompt 2 
    Tell us about a habit or way of thinking that others would recognize as “uniquely you.” This is something you value and would hesitate to give up because it is a distinct part of who you are or what makes you different - why is it so? Be sure to share how this aspect of your identity makes you a good fit for the Barrett Honors College experience.

You will upload the essay as a PDF (strongly preferred) or Word document to your Barrett application. Indicate at the top of your essay which prompt you are addressing.

BONUS TIPS:

Follow the instructions. Save your essay as a PDF then upload the PDF. Take special note of the bullet points. Because ASU Barrett posted these bullet points, it IS IMPORTANT. Submitting your ASU Barrett application well before deadlines increases your chances of admission into the Barrett honors program.

https://barretthonors.asu.edu/admissions/first-year-student

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In-Person College Fair October 23

August 8, 2022

I am so excited that in-person college fairs are BACK!

Location:
Date: Sunday, October 23
Time: 11:00am - 3:00pm MST (Arizona time)
Location: Phoenix Convention Center 100 N 3rd St, Phoenix , AZ 85004

The purpose of the college fair is two things

  1. Get information about the college and the college programs which will help you decide if you will apply and attend the college
  2. Develop Rapport with the recruiter because it will be the recruiter or the recruiter and a panel that make admission decisions. If they know you and like you the probability of admission goes up.

Remember to take some notes as you visit each college.

Sign up for the fair with this à College Fair Barcode form https://www.nacacattend.org/22greaterphoenix/begin

print out the sign-in form or save it to your phone to make it easy for college recruiters to get your contact information.

the following colleges will be in attendance at the Phoenix 2022 Fall College Fair


Alaska Pacific University
Augustana College
Azusa Pacific University
Babson College
Binghamton University (SUNY)
Biola University
California Baptist University
California Lutheran University
Carroll University
Clemson University
Colorado Mesa University
Colorado School of Mines
Columbia College Chicago
Cornish College of the Arts
Creighton University
DigiPen Institute of Technology
Drake University
Embry-Riddle Aeronautical University
Fashion Institute of Design & Merchandising
Fort Lewis College
Franklin W. Olin College of Engineering
Fresno Pacific University
Hawaii Pacific University
Hofstra University
Hope International University
Houston Baptist University
Humboldt State University
Iowa State University
John Cabot University
Knox College
Lafayette College
Life Pacific University
Life University
Loyola Marymount University
Loyola University Chicago
Macalester College
Marist College
Michigan State University
Minot State University
Montana State University
Morgan State University
New Mexico Tech
Northern Arizona University
Norwich University
Oregon State University/OSU-Cascades
Pace University
Pacific Lutheran University
Pacific University Oregon
Penn State University
Prescott College
Rensselaer Polytechnic Institute
Richmond, The American International University in London
Rocky Mountain College
Saint Louis University
Saint Mary's College of California
Saint Mary's University of Minnesota
Samford University
Santa Clara University
Savannah College of Art and Design
Scripps College
Seattle University
Seton Hall University
Simmons University
Southeastern University
Southern Oregon University
Southern Utah University
St. Mary's University
Temple University
Texas A&M University-College Station
The Catholic University of America
The George Washington University
The University of Alabama
The University of Arizona
The University of Manchester
The University of Tampa
Trinity College Dublin
Tulane University
University of Advancing Technology
University of California-Davis
University of California-Irvine
University of California-Riverside
University of Colorado Boulder
University of Colorado Colorado Springs
University of Connecticut
University of La Verne
University of Maryland Eastern Shore
University of Missouri
University of Northern Colorado
University of Oregon
University of Pittsburgh
University of Portland
University of San Diego
University of San Francisco
University of Tennessee-Knoxville
University of the Pacific
University of Toledo
University of Utah
University of Wyoming
Utah State University
Vanguard University of Southern California
Virginia Tech
Wabash College
Washington State University
Weber State University
Wentworth Institute of Technology
Western Michigan University
Western Washington University
Westminster College
Whitworth University
Willamette University
Woodbury University

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Is the federal government going to forgive student loans or extend the pause?

August 4, 2022

Is the federal government going to forgive student loans or extend the pause?

The short answer is that it is currently unknown as of August 1, 2022.

When I hear anything, I will let you know.

The following is an article from the Wallstreet Journal.

Biden Administration Is Ready To Implement Mass Student Loan Forgiveness, As Decision Could Come Any Day

Adam S. Minsky Senior Contributor

WASHINGTON, DC - JULY 28: U.S. President Joe Biden gestures as he delivers remarks on the Inflation ...

The Education Department is reportedly prepared to swiftly implement mass student loan forgiveness — if President Biden decides to approve such an initiative. But so far, Biden has remained undecided. Here’s where things stand.

As first reported by POLITICO, the Education Department has created systems and procedures to move quickly in implementing a broad student loan forgiveness initiative, if and when Biden gives the word. This includes a contingency if Biden imposes income restrictions on student loan forgiveness eligibility, which officials have suggested could be part of any such initiative. Here are some key elements:

Some borrowers whose income information is already on file with the Education Department may be able to get student loan forgiveness automatically, potentially within months of any announcement.

Borrowers who don’t have their income information on file with the Department may be able to quickly self-certify their income on a simple application form, with the Department doing a small number of audits to verify borrowers’ information.

The Education Department is prepared to implement federal student loan forgiveness for nearly any kind of federal loan, including Graduate PLUS loans, commercially-held FFEL loans, and Parent PLUS loans, if Biden approves such broad relief. It’s unclear if Direct loan consolidation would be necessary to qualify.

For borrowers who have loan balances left over following the application of student loan forgiveness, the Department may be able to re-amortize the loan based on the remaining reduced balance, leading to lower monthly payments for some borrowers on Standard, Extended, or Graduated repayment plans.

Of course, none of these details are final — they are plans contingent on President Biden deciding to use executive action to enact broad student loan forgiveness. And the White House has repeatedly said that he has not yet made a final decision.

Biden pledged to support $10,000 in student loan forgiveness for every borrower during his 2020 campaign for president, but he has hedged on using executive action (rather than Congressional legislation) to implement it. Biden has seemingly warmed to the idea in recent months, but he has delayed a final decision. He recently told reporters he would decide before the end of August.

Advocates had been pushing Biden to cancel a larger amount of student debt, and many progressive Democrats had hoped Biden would cancel $50,000 or more for every borrower, with universal eligibility and no income caps. Advocates have warned that imposing eligibility rules could lead to bureaucratic delays, errors, and complications.

But Biden has bristled at universal student loan cancellation. Recent reports suggest that he would be more comfortable with $10,000 in student loan forgiveness, limited to borrowers earning $125,000 per year or less.

Mass student loan forgiveness isn’t the only major student loan decision on Biden’s plate. The ongoing student loan pause — which has suspended payments and interest on most federal student loans for over two years — is set to end in four weeks. Speculation is growing that he will extend the payment pause, but no decision has yet been announced.

Biden will also need to decide whether to extend other expiring student loan relief initiatives, including the popular but under-utilized Limited PSLF Waiver, and a broad IDR Account Adjustment that may dramatically accelerate student loan forgiveness for millions of borrowers.

Biden May Extend Student Loan Pause Into Next Year And Is Considering Other Relief, Including Loan Forgiveness

See https://www.forbes.com/sites/adamminsky/2022/07/27/biden-may-extend-student-loan-pause-into-next-year-and-is-considering-other-relief-including-loan-forgiveness/?sh=522eb77b1fc6

And see https://www.forbes.com/sites/adamminsky/2022/07/27/biden-may-extend-student-loan-pause-into-next-year-and-is-considering-other-relief-including-loan-forgiveness/

Do you want to know the best strategies to pay for college and reduce the amount owed for college? Should you consider taking a federal student loan? Give us a call and learn our proprietary strategies. 1-888-237-2087 x2

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In Person College Fairs are BACK!

March 25, 2022

In person college fairs are BACK!

April 10, 2022, Arizona State University is hosting a college fair. There will be approximately 99 college in attendance.

Register for the college fair here

Register for the college fair here https://www.rmacac.org/phoenix

College Fair Barcode form https://app.strivescan.com/students, choose your state

here are the colleges that will be in attendance

  1. Alaska Pacific University | Anchorage, AK
  2. Arizona State University | Tempe, AZ *
  3. Bucknell University | Lewisburg, PA
  4. Cal Poly Humboldt (formerly Humboldt State University) | Arcata, CA
  5. California State University Chico | Chico, CA
  6. Chapman University | Orange, CA
  7. Clemson University | Clemson, SC
  8. Colorado College | Colorado Springs, CO
  9. Colorado Mesa University | Grand Junction, CO
  10. Colorado School of Mines | Golden, CO
  11. Colorado State University | Fort Collins, CO
  12. Colorado State University Pueblo | Pueblo, CO
  13. Cornish College of the Arts | Seattle, WA
  14. Creighton University | Omaha, NE
  15. Dixie State University | Saint George, UT
  16. Drake University | Des Moines, IA
  17. Duke Kunshan University | Kunshan, China
  18. Education Forward Arizona | Phoenix, AZ
  19. Elon University | Elon, NC
  20. FIDM/Fashion Institute of Design & Merchandising | Los Angeles, CA
  21. Fort Lewis College | Durango, CO
  22. Franklin & Marshall University | Lancaster, PA
  23. Gonzaga University | Spokane, WA
  24. Hastings College | Hastings, NE
  25. Hawai'i Pacific University | Honolulu, HI
  26. Hofstra University | Hempstead, NY
  27. IE University | Segovia, Spain
  28. Iowa State University | Ames, IA
  29. Lawrence University | Appleton, WI
  30. Linfield University | McMinnville, OR
  31. London Metropolitan University | London, England
  32. Loyola University New Orleans | New Orleans, LA
  33. Macalester College | Saint Paul, MN
  34. Marist College | Poughkeepsie, NY
  35. Metropolitan State University of Denver | Denver, CO
  36. Minot State University | Minot, ND
  37. Missouri University of Science and Technology | Rolla, MO
  38. Montana State University | Bozeman, MT
  39. New Mexico State University | Las Cruces, NM
  40. New Mexico Tech | Socorro, NM
  41. Northern Arizona University | Flagstaff, AZ
  42. Nova Southeastern University | Fort Lauderdale, FL
  43. Oregon State University | Corvallis, OR
  44. Oregon State University - Cascades | Bend, OR
  45. Pacific Lutheran University | Tacoma, WA
  46. Pacific Northwest College of Art | Portland, OR
  47. Pacific University Oregon | Forest Grove, OR
  48. Pepperdine Graziadio Business School | Los Angeles, CA
  49. Portland State University | Portland, OR
  50. Prescott College | Prescott, AZ
  51. Purdue University | West Lafayette, IN
  52. Richmond, The American International University in London | London, England
  53. Rocky Mountain College | Billings, MT
  54. Sacred Heart University | Fairfield, CT
  55. Saint Louis University | Saint Louis, MO
  56. Saint Mary's University of Minnesota | Winona, MN
  57. Seton Hall University | South Orange, NJ
  58. Simmons University | Boston, MA
  59. Soka University of America | Aliso Viejo, CA
  60. St. Ambrose University | Davenport, IA
  61. St. John's College | Santa Fe, NM
  62. The Catholic University of America | Washington, DC
  63. The Conservatory of Recording Arts & Sciences | Gilbert, AZ
  64. The University of Alabama | Tuscaloosa, AL
  65. The University of Arizona | Tucson, AZ
  66. The University of New Mexico | Albuquerque, NM
  67. The University of Tampa | Tampa, FL
  68. University of Advancing Technology | Tempe, AZ
  69. University of Alaska Fairbanks | Fairbanks, AK
  70. University of California, Riverside | Riverside, CA
  71. University of Chicago | Chicago, IL
  72. University of Colorado Boulder | Boulder, CO
  73. University of Colorado Colorado Springs | Colorado Springs, CO
  74. University of Connecticut | Mansfield, CT
  75. University of Denver | Denver, CO
  76. University of Glasgow | Glasgow, Scotland
  77. University of Massachusetts Amherst | Amherst, MA
  78. University of Massachusetts Lowell | Lowell, MA
  79. University of Minnesota Twin Cities | Minneapolis, MN
  80. University of Missouri | Columbia, MO
  81. University of Nebraska - Lincoln | Lincoln, NE
  82. University of Nevada, Reno | Reno, NV
  83. University of Northern Colorado | Greeley, CO
  84. University of Oregon | Eugene, OR
  85. University of Redlands | Redlands, CA
  86. University of Tennessee | Knoxville, TN
  87. University of Utah | Salt Lake City, UT
  88. University of Wyoming | Laramie, WY
  89. University of York | York, England
  90. Vanguard University | Costa Mesa, CA
  91. Washington State University | Pullman, WA
  92. Washington University in Saint Louis | Saint Louis, MO
  93. Weber State University | Ogden, UT
  94. Western Colorado University | Gunnison, CO
  95. Western New Mexico University | Silver City, NM
  96. Westminster College | Salt Lake City, UT
  97. Whitworth University | Spokane, WA
  98. Willamette University | Salem, OR
  99. Woodbury University | Burbank, CA
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Extending Student Loan Repayment Pause Additional 90 Days

December 22, 2021

Federal Educational Loan pause extended again (December 22, 2021)

It's almost like Forest Gump saying, "The federal government extended the Educational Loan pause, AGAIN."

The COVID-19 emergency relief for federal student loans was supposed to end Jan. 31, 2022, however the federal government extended the loan pause through May 1, 2022.

Here is what this means.

If your student is a current freshman college student 2021-2022, no interest and no payments are required. Then after May 1, the loans may come due. And I say “may” because there is a possibility the federal government may extend the pause even beyond May 1, 2022. There is even talk of some federal educational loan forgiveness. Nothing is set or signed regarding federal educational loan forgiveness. I will keep my eyes and ears open and let you know if/when any new information comes out.

For current college students and graduated college students with federal educational loans, no interest and no payments are required until May 1, 2022.

This is a nice Christmas gift for those who have federal educational loans including the federal student loans and federal parent PLUS loan. No payments and no interest during this pause period.

It might be prudent to take out these federal student loans. Each family and each student needs to be looked at individually to create the best aid package strategy.

Do you need help with creating a college financial aid plan with or without student loans, please give us a call 1-888-237-2087 x2

Life is like a box of chocolates. You never know what you're gonna get. And when you get an extension on the federal educational loans, you take it.

https://www.whitehouse.gov/briefing-room/statements-releases/2021/12/22/statement-by-president-joe-biden-extending-the-pause-on-student-loan-repayment-an-additional-90-days

WHITEHOUSE.GOV

Statement by President Joe Biden Extending the Pause on Student Loan Repayment an Additional 90 Days | The White House

When I came into office, we were facing a number of unprecedented crises. Our economy was creating only 50,000 new jobs per month, less than 1 percent of

Do you need help with creating a college financial aid plan with or without student loans, please give us a call 1-888-237-2087 x2

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The New Student Aid Index, what, where, why

December 8, 2021

NEW FAFSA CHANGES ARE COMING FOR THE SCHOOL YEAR 2023-2024

The Free Application for Federal Student Aid (FAFSA) will undergo significant revisions soon, and college financial advisors and their families need to be aware of these changes. Congress passed these new laws in their 2021 pandemic relief appropriations bill, which will begin in the 2023-2024 (for current high school sophomores) school year. The intent is to improve the student’s financial aid predictability in the future.

Here’s a summary of these FAFSA changes:

FAFSA SIMPLIFICATION

The biggest change is the simplification of the FAFSA application form. The current 2021-2022 FAFSA form has 106 questions. Under the new laws, the FAFSA will be reduced to 36 questions.

The Department of Education intends to simplify the financial aid application by correlating it with the IRS’s income tax regulations. The FAFSA income questions will be transferred directly from the family’s tax returns to make it easier to complete the FAFSA. Many families already use the federal Data Retrieval Tool (DRT) when they file the current online FAFSA.

The FAFSA simplification Act of 2021 can be found here on page 1,956

https://www.congress.gov/116/bills/hr133/BILLS-116hr133enr.pdf

ELIMINATION OF THE EXPECTED FAMILY CONTRIBUTION (EFC)

The new FAFSA rules will also eliminate the phrase Expected Family Contribution (EFC) from the financial aid application. The EFC determines how much money a family can expect to pay for one year of college. The new law will replace the EFC with a new term – Student Aid Index (SAI).

The Student Aid Index (SAI) will become an "eligibility index" for distributing financial aid, not the dollar amount a family can pay for college expenses (EFC).

The SAI would determine the student eligibility for all Title IV student aid, EXCEPT the maximum and minimum Pell Grant awards. Pell Grants will now be based instead on the number of parents in the student household and the family income as a percentage of the federal poverty level for the student's household size. This Pell Grant change will create a look-up table that families can use to anticipate future Pell Grant eligibility far in advance of applying to college.

MULTIPLE CHILDREN IN COLLEGE

The new SAI formula will no longer give households with multiple children in college a significant break on their financial aid eligibility. Currently, parents who have more than one child in college at the same time have their EFC cut by almost 50% for each child. The new formula eliminates this calculation.

INCOME PROTECTION ALLOWANCE

The SAI formula also removes the state and other tax income exclusion and increases the parental income protection allowance (IPA). The IPA now includes only the number of members in the family household. However, it will increase by about 20%. The student income protection allowance, which is $6,970 in 2021-2022, will be about 30% higher in 2023-2024. This change reduces the SAI significantly for dependent students.

ASSETS

The income threshold for determining whether an applicant is exempt from reporting assets (the simplified financial aid formula) will increase $10,000 from $49,999 to $59,999. The SAI formula also eliminates the family farm and small business asset exclusions. This new ruling means that families would have to report the net value of any business or farm they own if they did not qualify for the $59,999 simplified formula that excludes assets from consideration.

DIVORCED AND SEPARATED FAMILIES

Currently, the divorced/separated parent that the student lives with more than 50% of the school year is the parent that files the FAFSA application form. If the FAFSA is filed on Oct. 1, 2022, for the 2023-2024 school year, you’d look back and see who the child lived with in the year 2021. A typical financial aid strategy would be for the student to live with the parent who makes the least amount of income during 2021. However, under the new FAFSA rules, the parent who claims the child on the tax return (provides the most financial support to the child) will complete the FAFSA.

Also, child support received would be moved from untaxed income and added to parental assets.

GRANDPARENT GIVING

The FAFSA overhaul will make it easy for grandparents or others outside of the immediate family to pay for college costs without jeopardizing the family’s financial aid. This FAFSA change will ignore whether grandparents or others have given money to a child to pay for college costs. The FAFSA will no longer ask this question.

When grandparents, aunts and uncles, friends, or others outside the immediate family help with college costs, the money is currently treated as the child’s untaxed income, which is assessed at up to 50% by the EFC formula. In other words, distributions from a grandparent-owned 529 will no longer count as income for the child (current FAFSA question 44i).

CONCLUSION ABOUT THE FAFSA

The FAFSA and CSS Profile are very complex financial aid applications, and parents across the country continue to pay for college without understanding these complicated aid forms. Helping your clients understand these new, upcoming FAFSA changes will help them avoid costly mistakes and put the student in the right college for the lowest possible cost.

Give us a call 1-888-237-2087 x2, servicing families in Arizona and across the United States and around the world.

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Accelerated/Dual Degree Physician Assistant Programs

August 24, 2021

PA - Physician Assistant

The Bureau of Labor Statistics, Physician Assistant PA positions are expected to grow 31% through 2029, a rate well above almost any other medical profession. Traditionally, these programs take 2-3 years to complete as a graduate student, however, accelerated dual degree programs allow students to begin their Physician’s Assistant coursework after just three years of undergraduate coursework, knocking off a full year of study.

InstitutionInterview Required?Required GPA (to Advance)Required GRE score (to Advance)LengthPANCE Pass Rate (Five-Year)
Albany College of Pharmacy and Health SciencesYes3.2Waived97%
Arcadia UniversityYes3.4147 (quantitative) 158 (verbal)6 years100%
College of Saint Mary (NE)Yes3No Minimum5 years96%
D'Youville CollegeYesNo MinimumNot Required4.5 years96%
Daeman CollegeYes3Not Required5 years97%
DeSales UniversityRecommended3Not Required5 years99%
Drexel UniversityYes3.5Not Required5.25 years97%
Duquesne UniversityYes3Not Required5 years93%
Franciscan Missionaries of Our Lady University5.5 years94%
Gannon UniversityYes3Not Required5 years95%
Hofstra UniversityYes3.3Not Required5.5 years99%
Kettering College3.75 years99%
King's CollegeNo3.2Not Required5 years98%
Le Moyne CollegeNo3.4Not Required5 years96%
Lock Haven UniversityYes3.23005 years97%
MA College of Pharmacy and Health SciencesYes3Not Required6 years91%
Marquette UniversityYes3Not Required5 years100%
Marywood UniversityYes3.5Not Required5 years95%
New York Institute of TechnologyYes3.4Not Required6 years98%
Nova Southeastern UniversityYes3.2153 (quantitative) 153 (verbal)6 years98%
Pennsylvania College of TechnologyNo3.6Not Required5 years94%
Quinnipiac UniversityNo3.2Not Required6.25 years99.6%
Rochester Institute of TechnologyYes3Not Required5 years95%
Rutgers University - New BrunswickYes3.2Not Required6 years98%
Saint Francis UniversityNo3.2Not Required5 years98%
Salus University/Western New England Univ.Yes3Not Required5 years97%
Seton Hall UniversityNo3.5Not Required6 years99%
Seton Hill UniversityYes3.2Not Required5 years93%
Slippery Rock UniversityNo3.25Not Required5 years95%
Springfield CollegeNo3Not Required6 years97%
Stockton UniversityNo3.25Not Required5.25 years96%
Thomas Jefferson UniversityYes3.25Not Required5 years96%
Union College (NE)Yes3.5Not Required6 years96%
University of Detroit MercyYes3.52915 years95%
University of EvansvilleYes3.5Not Required6 years100%
University of the CumberlandsYes3Not Required5 years96%
University of the SciencesYes3.2Not Required5 yearsNew Program
Valparaiso UniversityNo3Not Required5 yearsNew Program
Wagner CollegeYes3.2Not Required5 years94%
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Flinn Foundation Scholarship

August 23, 2021

If you applied or will apply to any of the Arizona state colleges, ASU, U of A or NAU, the full-ride Flinn Foundation Scholarships application is open.

The deadline is, Sept 27, 2021

to apply, click

Apply Now

Flinn Scholarship Essay Prompts

Short-Answer Questions

Please answer each question with no more than 140 characters.

  1. What will be the title of your autobiography?
  2. If you were given five minutes to present to your peers on a topic about which you're an expert, what topic would you choose?
  3. If you could model your career on that of any Arizonan, who would it be?
  4. The Flinn Foundation invests in four areas: biosciences, education, civic leadership, and arts and culture. What is another area that deserves investment to improve the quality of life in Arizona to benefit future generations?
  5. If you advance to the interview stage, what one question would you like us to ask you?

Essays

Copy and paste your response to each essay into the adjacent box. We encourage you to save your work in a separate document in the event you experience technical difficulties.

Tell us your story.

300-word maximum

  • The Flinn Scholars Program encourages student leaders to remain in Arizona and contribute to their university and civic communities. How would awarding the scholarship to you make Arizona stronger in the long term?

300-word maximum

  • "The measure of intelligence is the ability to change” —Albert Einstein. What is the most significant change you’ve experienced in high school?

300-word maximum

  • Is there any other information that reviewers should know about?

This question is optional. (Max 100 words)

.

**** Optional is never optional! ****

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Federal Student Loans & Parent PLUS Loan UPDATE

August 10, 2021

8/10/2021

Federal Educational Student Loans, Parent PLUS Loan UPDATE

The federal government just announced an extension to the currently deferred federal student loans.

“Federal student loan repayment suspension and 0% interest rate have been extended through at least January, 31 2022.”

Back in March 2020, the federal government began providing temporary relief on ED-owned federal student loans: suspension of loan payments, stopped collections on defaulted loans, and set a 0% interest rate.

Basically, this means, if you have a federal student loan, no interest will accumulate during the deferral period and the current interest rate is temporarily set to zero % and no payments are required during the relief period.

If your student is starting college in the next few weeks or continuing college this fall 2021, accepting the federal student loans might be something to consider.

Here is my reasoning on this.

The maximum amount of federal educational loans that a college freshman will be offered is $5500. Within this, two loans could be offered, the Federal Subsidized Loan and the Federal Unsubsidized Loan.

Under normal conditions, both loans are deferred, meaning no payment is required during the deferral period. Typically, these loans are deferred for 4 1/2 years. The thought is, the student takes 4 years to graduate college, then takes six months to find a job, then payments for these loans begin.

During this deferral period, no interest will accumulate for the Federal Subsidized Loan. Interest will accumulate during the deferral period for the Unsubsidized loan.

With this current moratorium, the unsubsidized loan acts like the subsidized loan and no interest will be added to the loan during this temporary pause.

If you had the money to pay for college and did not need any of these loans, it might be something to consider accepting these loans, at least temporarily. Then on February 1, 2022, pay off the loan when the moratorium expires. During the next 5-6 months, keep the money that you were going to pay for college in an interest-bearing account. Pay the loan off and keep the interest.

Loans that are currently in this temporary pause are: Federal Student Subsidized Loans, Federal Student Unsubsidized Loans, Federal Parent PLUS Loan, Graduate PLUS Loan.

See for more info https://studentaid.gov/announcements-events/coronavirus

If you have questions on any of these federal student loans or would like to discuss some strategic planning to get into college, get scholarships and grants and or plan on how to best pay for college, or if you should or should not take out student loans, please contact me. 1-888-237-2087 x2.

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About

August 3, 2021

As the rapidly changing college admission process evolves, parents seek the most up-to-date comprehensive professional college consulting company, AZCollegePlanning.com.

Our full-service program is unlike anything else you’ll find in Arizona, or anywhere in the country for that matter. Our innovative, experienced, and passionate professionals are committed to helping you achieve your college dreams successfully — without going broke or drowning in debt.

The United States has over 4,000 colleges and universities. Finding the perfect school and program for your child can be a daunting task. We can help. It starts with:

Personalized Career Assessments, One on One College Counseling, Utilizing Technology, and Classroom Plus. Each meeting and class are carefully designed to help your student navigate the college admission process.

The United States has over 4,000 colleges and universities. Finding the perfect school and program for your child can be a daunting task. We can help. It starts with:

Personalized Career Assessments: Our college planning counselors help to evaluate your child’s interests, hobbies, skills, goals, and more to help guide to the right career path for your child.

One On One College Counseling: Our highly trained and dedicated college planning counselors will help narrow down the schools that have the majors your child is most interested in and show your child the necessary steps to accomplish in order to earn admission and scholarships to top colleges across the US.

Utilizing Technology: Going well beyond Naviance, our proprietary program gives you the most accurate picture of how you match up against your college competition using a variety of tools, software and personal expertise.

Classroom Plus Each class is enhanced with One-On-One meetings to give your student the edge against the competition. AZCollegePlanning.com teaches several classes including an application and essay class, resume class, test prep class and more. Each class is carefully designed to help your student navigate the college admission process.

Students have the option to meet in person face to face at our North Scottsdale location or via virtual meetings.

When you know how to play the college admissions game and know the rules, you can set yourself up for success.

Give us a call today. 1-888-237-2087 x2 or info@AZCollegePlanning.com.

We have successfully coached student to beat the competition resulting in admission and superior scholarships to top colleges across the United States.

Discover how to attend a private out-of-state college for less than an in-state college. Since our inception in August 2007, AZCollegePlanning.com has helped students earn incredible scholarship and admission at top colleges throughout the country with our proprietary admission strategies.

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