February 2016 Newsletter

February 2014 Financial Aid News Valentine Heart

Financial Aid Awareness Month

February is Financial Aid Awareness Month, which which makes it the perfect time to finish up your FAFSA (Free Application for Federal Student Aid), find as much scholarship money as you can to help pay for school, and learn about Federal Stafford loans. This issue of the Financial Aid News will help you do just that. Here's just some of what you’ll find in this month’s issue:

Get more personalized tips here.

Have You Filed Your FAFSA Yet?

Some schools' FAFSA deadlines have already come and gone — have you completed your FAFSA? Get your FAFSA in soon because some state and college aid is first-come, first-served. The earlier you file the better!

To help you file faster, the IRS Data Retrieval Tool is available. Learn if you qualify to use the tool and find out how this can save you time AND make your FAFSA more accurate.

If you have already filed your FAFSA, hooray! You're one step closer to getting your funding. You'll soon get your SAR (Student Aid Report), which includes your Expected Family Contribution (EFC) along with the amount of federal student aid funding you might be eligible to receive.

Check out your state's FAFSA deadline here.


Don’t miss the exciting scholarship opportunities this month on ScholarshipPoints.com. To enter, simply log in to your account and spend your points on these drawings before midnight Pacific Time on the date indicated:

  • $1,000 Hail to the Chief Scholarship 2016 (2/29/16)
  • $1,000 Cupid's Arrow Scholarship 2016 (2/29/16)
  • $1,000 Mardi Gras Scholarship 2016 (2/29/16)
  • ScholarshipPoints $10,000 Scholarship (3/16/16)

Watch for our notification emails to see if you are a winner!

Learn more about the ScholarshipPoints program.

The Seven Scholarships

This monthly section of the Edvisors Financial Aid Newsletter features an intriguing list of scholarships that share a common characteristic. We hope this section will make you smile and inspire you to apply for more scholarships.

Diversity Scholarships

  1. Actuarial Diversity Scholarship
  2. Lagrant Foundation Scholarships
  3. Xerox Minority Scholarship
  4. Development Fund for Black Students in Science and Technology
  5. Chrysalis Scholarship Fund
  6. Blacks at Microsoft Scholarships
  7. The Diplomacy and Diversity Fellowship

Ask the Edvisor®: Your Questions, Answered


My parents are unwilling to complete the Free Application for Federal Student Aid (FAFSA). I cannot afford to pay for college by myself. What should I do?

Get the answer from the financial aid experts at Edvisors.

Hot Money Tips

Filing the FAFSA 2016-2017 Edition Cover PaperbackIf you need help in filing the FAFSA, download our free guide.

Term of the Month

Federal Stafford Loan

The Federal Stafford Loan is the largest federal student loan program. Federal Stafford loans may be subsidized, where the government pays the interest that accrues during specified periods, for example, during a period of authorized deferment or unsubsidized, where the borrower is responsible for paying the interest that accrues during all periods.

See more terms in the Edvisors glossary.