Questions About College Financial Aid? Get Answers With This Free eBook 

Communications Staff

Which category are you in when it comes to college financial aid knowledge?

• You’re a soon-to-be college student and not sure of your options.
• You’re a parent or guardian, and you’re sure if you qualify.
• You’re seeking college financial aid information yourself, and it’s stressing you out.

No one has to tell you that making wise decisions about college is all-important. So, aside from choosing your college, the next important thing might be to know the ins and outs of qualifying for financial aid for college.

In 2021, the Office of Federal Student Aid reported more than $100 billion in federal student aid was awarded to more than 13 million college and university students. The interest rate for federal loans distributed in the coming academic year will be from 3.73%, significantly lower than most privately financed education loans.

Did you know?

• In any given year, 86% of college students benefit from some form of financial aid. College advisors say everyone should fill out the free federal application form. Students do not have to accept financial aid awards.
• More than $2 billion in student grants goes unclaimed each year, says education.org, mainly because students weren’t fully aware of all their assistance options.
• Education grants, which don’t have to be repaid, are particularly underused.
• The online Free Application for Federal Student Aid (FAFSA) application form has been re-arranged to make the process easier to understand.
• Often, states and colleges have priority deadlines to submit the FAFSA form, and there is a federal deadline to take into account. For 2022-23 academic year, the federal deadline is June 20, 2023.

There’s Much to Know About Financial Aid

What’s needed is a guide to all things financial aid. A free one. In addition, it would be best if it uses easy-to-understand language about

• Expected Family Contribution
• Net college costs (cost minus qualifying financial aid amount)
• Grants
• Scholarships
• Federal loans (reduced interest rates)
• Private loan options
• Federal Work-Study programs.

Why it’s Worthwhile to Know All You Can

The effort you make now to explore college financial aid options is well worth the time and energy spent.

Statistics also show a true return on investment for any college degree. Comparing yearly compensation of people with a college degree vs. those who don’t show:

• Associate degree (A.A.S., A.A.) holders earn 24% more
• Bachelor’s degree (B.A., B.S.) holders earn 66% more
• Master’s degree holders earn 97% more
• Professional degree (M.D., D.C., D.O, D.D.S., etc.) holders earn 150% more.

Health sciences-focused degrees may offer some of the best chances for long-term career success. The U.S. Bureau of Labor Statistics says this sector will grow at least 16% from 2020 to 2030.

Need College Financial Aid Information? Let CUKC Guide You

Founded in 1922 by members of the Cleveland family, Cleveland University-Kansas City (CUKC) is a nonprofit, private university offering chiropractic and health science degrees. The CUKC campus is in Overland Park, Kansas, an award-winning suburban city within the Kansas City metro area.

At CUKC, we believe students deserve a next-level education. By that, we mean having rigorous degree curriculums to meet employer expectations and maximizing student services and assistance. Another way we live out that promise is through an experienced financial aid staff.

CUKC offers many named and memorial scholarships for incoming and returning students. In addition, CUKC participates in the Department of Veterans Affairs Yellow Ribbon Program, which is designed to cover education costs not included in the benefits ensured under the GI Bill. Check out our scholarship listing here.

For more about our health sciences degrees, including our signature Doctor of Chiropractic (D.C.) program, request information from our advising team. You’ll also be able to get this free eBook: Your Guide to Navigating College Financial Aid