This Week @ MIDFLORIDA Credit Union

Short, timely articles based on a real-world weekly theme.

College Financing

This week, we take a look at the role of higher education and the process of applying for financial aid for students going to college in the near future.
Students walking on a college campus

The Role of College Today

While the cost of college has risen rapidly, higher education continues to offer a path to success for many.

A college cap with the words financial aid written on it.

Understanding Financial Need

How schools determine your financial need, a crucial factor in many financial aid programs.

A college student signs a financial aid document at school.

Types of Financial Aid

The main types of financial aid are education loans, grants and scholarships, work-study, and service programs.

A pleased woman is reviewing her investment results.

Education Loans

An overview of the main types of student loans, including government loans, consolidation loans, and private loans.

A hypothetical FAFSA admission ticket

Applying for Aid

The aid application process, including descriptions of the FAFSA and CSS Profile forms.

Student walking on a college campus

Borrowing Wisely

Making smart choices about student loans, including a description of the impact of loan capitalization.

A student studies outside on a college campus

The FAFSA Simplification Act

A review of the major changes that resulted from this significant recent legislation.

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Last Week @ MoneyEdu

Saving for College

This week, we take a look at the increasing cost of higher education and explore strategies families can use to maximize their savings.

Student walking on a college campus

The Rising Costs of Higher Education

College costs significantly more for today's students than for previous generations, so early planning is key.

A couple reviews financial statements at home.

College Savings Accounts

How 529 Plans and Coverdell Education Savings Accounts can be leveraged for tax-advantaged college savings.

A mother measuring the height of her child.

Age-Based Saving Strategies

How to tailor your college savings approach to your child's age and your risk tolerance.

A new college graduate with her mother.

Balancing College Savings with Other Goals

Strategies parents can use to save for college while also achieving their other financial goals.

A thoughtful man reviewing a document in his living room.

Maximizing College Savings

How to earn the best returns on your savings while minimizing taxes and the potential impact on need-based financial aid.

A piggy bank on top of gold coins.

How College Savings Affects Financial Aid

The way your college savings accounts are structured can affect your student's eligibility for need-based aid.

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About MIDFLORIDA

Since our founding in 1954, MIDFLORIDA has grown to serve members throughout the state of Florida, with branches coast-to-coast from Gainesville to Naples. Our products and services rival any local bank, while maintaining the credit union philosophy of excellent personal attention.

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