LorMet Community Federal Credit Union logo

This Week @ LorMet Community Federal 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.

 Trending at LorMet

Introduction to Budgeting

The Psychology of Saving

Tracking Your Spending

The Divorce Process

Debt and the Pressure to Spend

MoneyEdu for KIDS MoneyEdu for KIDS wordmark in the Baloo 2 ExtraBold heading style used on MoneyEdu.kids.

Money skills can start early.

Interactive money games designed for kids ages 7–12.

Explore

About Us

Established in 1936, our credit union has always been driven by the hardworking men and women of the Lorain County community. Open your account today at any LorMet location and experience the Credit Union difference!

 Visit Us Online

 Featured