Q: If I have decided to transfer to a new college, but have already filed my FAFSA with the information for my current college, will my FAFSA money automatically transfer with me to my new college?

A: FAFSA will not automatically transfer a student’s financial aid to a new or different school. Students financial aid eligibility is calculated on a number of different factors, including factors that are specific to the school a student is attending. While some types of financial aid, such as Federal Stafford Loans, are typically transferable from one school to another, other types of financial aid, such as Federal Work-Study, certain state-based grants, campus-based aid, and Federal Perkins Loans, are often not transferable to another school.

When a student transfers to a new school, that school will need to recalculate the students financial aid eligibility. Since each schools cost of attendance, available financial aid funds, and financial aid criteria/policies are different, the student may not qualify for the same types of financial aid, or receive the same amounts from each type of financial as they did at their previous school. F

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Millions of consumers worldwide are moving into the cyber space era, where millions of transactions between a seller and a buyer are conducted online without the either of the parties ever meeting. The internet has made it possible for buyers and sellers in different parts of the world to carry out business as though it were really over the counter, and not overseas. This trend has impacted too the auto credit sector, where a consumer now has the option to apply for some form of auto credit online, then on approval receive the funds to purchase a car.

Most consumers prefer to deal with online auto financers because there is some level of anonymity. As much as the borrower would provide the required documentation and identification details, they would not have to sit face to face with the lender and suffer the public humiliation of being denied a loan. Online auto credit applications save the consumer from this potentially embarrassing situation, as they can apply from the privacy of their own homes.

In addition, online auto creditors have more competitive rates and terms as compared to traditional ones.

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There was a little bit of good news yesterday, for all those home owners in the UK who are struggling to pay off their personal loans and credit card bills after their Christmas overspending, when it was announced that the base rate of interest for loans and savings was to remain on hold for another month.

The announcement was made following the regular monthly meeting of the Bank of England’s Monetary Policy Committee (MPC), when it was decided to keep loan rates on hold and also not to extend the current programme of quantitative easing.

The base rate of interest will therefore have remained at its historically low level of just 0.5 per cent for a total of 34 months now, since March 2009, when most people thought that the cheap loan rate would only last for a very short time.

Although the level of quantitative easing has remained at £275 billion for the time being, it is widely expected that this will probably be extended next month, as the Euro zone crisis deepens.

The announcement that the base rate of interest was to stay unchanged has come as no surprise to financial experts or borrowers alike, many of whom are now taking cheap loan rates for granted, as the current level of inflation is still well above government target figures and the UK economy is too fragile to tolerate a rate rise just yet.

Ben Thompson of Legal & General Mortgage Club said “The Christmas period and start to the New Year kicked off with all manner of negative predictions and forecasts, however there have been some glimmers of hope as well. Thes

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If it’s worth taking with its worth insuring Read this and think again about paying for insurance when you are in doubt about it. We heard an awful money story yesterday. Our neighbors and good friends, Joan and Alec, decided to go on a romantic ‘once in a lifetime’ holiday. It also coincided with a major wedding anniversary giving it special ‘meaning’. It involved a trans-Atlantic cruise, a family visit in the states, a flight to Moscow, some Russian sightseeing and then a flight home. Alec, a lawyer, spent hours poring over brochures and maps and finally came up with this suggestion. Joan loved it and all the bookings were made. They pack “It’s going to be cold ashore, pack some warm clothes,” advised Alec, thinking about walking knee deep in the snow in Moscow. “I will. Do you think they dress in the evenings? Should I take my jewelry?” asked Joan and then without waiting for an answer opened the safe and dropped her collection precious of necklaces, rings and brooches into a couple of leather pouches and put those into her extra-large travelling handbag. “I’ll call for a ca Full Post…

The CoffeeForLess.com Hit the Books Scholarship, is offered by CoffeeForLess.com, an online coffee retailer providing a large variety of coffee and coffee products. The company prides itself on community involvement, and one way in which the company gives back is through its semi-annual Hit The Books Scholarship program. The CoffeeForLess.com Hit the Books Scholarship, is an essay-based college scholarship opportunity, open to all students between the ages of 18 and 25, who are currently enrolled in an accredited college or university. There is no minimum grade requirement for this scholarship opportunity.

Scholarship applicants are asked to submit an essay of 500 words or less on the importance of education in their lives and how the scholarship money will assist them in achieving their academic goals. Applicants for the CoffeeForLess.com Hit the Books Scholarship are eligible to submit an application once in January and again in September, however applicants are only be eligible to win the scholarship once.

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