BeamaLife Blog

Between the recession and the rising cost of college, more families than ever are filing the FAFSA (Free Application for Federal Student Aid) this year, their first step toward Pell grants, Stafford loans, Perkins loans, work-study programs and much state aid. As of Feb. 15, the Department of Education had already received 2,213,408 forms, 20 percent more than at this time last year. It’s become clearer that we need to save for college whatever we can before we look for financial assistance. Getting financial aid and completing FAFSA is very frustrating and tedious process. New York Times has published very interesting article about the difficulty of FAFSA.

http://www.nytimes.com/2009/02/22/education/22fafsa.html

Please visit BeamaLife.com to learn more about college savings, 529 college savings plan and how much you have to save for college fund.