May 2016 Newsletter

May 2014 Financial Aid News Flowers

5/29: A Good Day to Save Hard

May 29th is National College Savings Day. A 529 plan is a state-sponsored savings and investment program that lets you save on your income taxes when funds are used for qualified higher education expenses. Some states offer special incentives for opening accounts at this time of year.

View 529 Plans by State

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.

Seven Summer Sports Scholarships

  1. American Legion Baseball Scholarship
  2. Buddy Pelletier Surfing Foundation Scholarship
  3. Wendy's High School Heisman Award
  4. North American Rolex Scholarship
  5. The USTA Serves College Education Scholarship
  6. Thomas B. Crowley Sr. Memorial Scholarship Program
  7. Caitlin Brondolo Charitable Foundation Golf Scholarship

Don’t miss the exciting scholarship opportunities this month on 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 Cinco de Mayo Scholarship (5/31/2016)
  • $1,000 Mother's Day Scholarship (5/31/2016)
  • $1,000 Rev Your Engines Scholarship (5/31/2016)
  • ScholarshipPoints $10,000 Scholarship (6/16/16)

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

Learn more about the ScholarshipPoints program.

Get to Know the Private Loan Process

If you've exhausted your grants, scholarships, and federal aid but still need money for school, a private loan may be your answer. A new school year is headed this way, and it's important to know the process of finding and receiving a private loan. We'll walk you through the process from beginning to end so you can spend less time worrying about money, and more time enjoying the summer.

Learn about the private loan process today.

Ask the Edvisor®: Your Questions, Answered


Can a 529 Plan distribution be used to pay off a student loan taken out in the current school year (but the prior calendar year) and still be considered a qualified distribution (not subject to taxes and penalty)?

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

Gap Year

A gap year is time off students take between high school and college to travel, volunteer, or work.

See more terms in the Edvisors glossary.