July 2016 Newsletter

July 2014 Financial Aid News Fireworks

Taking the Next Financial Aid Steps

The summer fun has begun, but there is still a lot that needs to be done to prepare for college in the fall. Summertime is the peak period for borrowing student loans. Build a budget and compare it with your financial aid and other resources. If you’ve maxed out on grants, scholarships, and federal aid and still need more money, consider private student and parent loans to fill the gap. Don’t wait until September to discover that you’re short on funds.

Compare your student loan options here.

The Six Scholarships

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

Six Scholarships for Future Federal Government Careers

  1. Air Traffic Control Association (ATCA) Scholarships
  2. American Foreign Service Association (AFSA) Scholarships
  3. CyberCorps: Scholarship for Service
  4. HORIZONS Scholarship
  5. Information Assurance Scholarship Program (IASP)
  6. National Institutes of Health (NIH) Undergraduate Scholarship Program


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 Independence Day Scholarship 2016 (7/31/16)
  • $1,000 I Scream, You Scream Scholarship 2016(7/31/16)
  • $1,000 Yellow Jersey Scholarship 2016 (7/31/16)
  • ScholarshipPoints $10,000 Scholarship (9/16/16)

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

Learn more about the ScholarshipPoints program.

Ask the Edvisor®: Your Questions, Answered


I am an out-of-state, independent graduate student who will be attending a public university. I have been approved for the maximum Direct Unsubsidized Loan and a Grad PLUS Loan. However, the total amounts still do not pay for all of my annual college expenses. Can my parents put money in a 529 account and help pay living expenses without it affecting my eligible loan amounts for this and next year?

Get the answer from the financial aid experts at Edvisors.

Term of the Month

Debt-to-Income Ratio

The debt-to-income ratio is the ratio of a borrower’s total debt to the borrower’s annual income. Borrowers with a debt-to-income ratio of 2:1 or more will struggle to repay their debts and may be forced to extend the repayment term on their loans or adopt an austere lifestyle.

See more terms in the Edvisors glossary.

Scholarship Matcher

With millions of scholarships in our database, and a step-by-step matcher, you can easily find and apply to the scholarships most relevant to you!

Start Matching

The Student Survival Guide: The perfect tool for navigating high school & college!
Try it!