What is Financial Aid? It is money that is loaned, given, or earned to help you pay for your education. The education could be: college, certification, training or related. There are multiple types
of financial aid ranging from Student Loans, through Grants,
Scholarships, Work Study Programs, all the way to tooth fairy.
What is this all mean? It means there is no hard rule telling anybody how to pay for college.
The most important part of financial aid is to receive funding that you do not have to repay. FAFSA Application is a start for everything. For a better guide on how to get the most out of financial aid use our Financial Aid WIZARD |
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The Financial Aid WIZARD will make sure you do not leave any free money behind. It will help you apply for
Grants and Scholarships. Read the information contained in the links below
about common financial aid strategies and best practices. Check out College Cost pages in order to see how much college costs and what is included
in the bill.
The basic strategy for financial aid is simple. Apply for as much as possible. Try to get funds for tuition, and all other education related expenses. First apply for all aid which
does not require to be paid back. Work your way all the way up to student loans. That way you'll be able to receive the most and pay back very little.
It's very important to get familiar with all typos of financial aid in order to make the proper judgment. Once you have done your research try to estimate how much is required for college.
Our How Much For College will help you do that. Submit your
FAFSA Application here. When your FAFSA application is reviewed, you'll know how much aid you have been awarded. If the aid is less
than what you need, try to apply for Scholarships, Grants, or
Federal Work Study Programs. Check with your college what is available for you from the school itself.
If you completed the steps above and you still find yourself short with money try applying for Student Loans. Here you have a choice:
Federal Student Loans, Private Loans, or
Peer to Peer Loans. The first choice is Federal Student Loans. When the Federal Loans fail, try applying for Private and
Peer to Peer Loans. Makes sure to compare rates and terms as you are on the open market and everyone is bidding for you.
Feel free to download the chart by clicking here
Feel free to download the chart by clicking here
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Important Questions |
Q: How much does college cost?
According to the College Board, the current cost of average annual tuition and fees (including books, room and board, etc.) for a 4-year college ranges from $13,000 (public in-state) to $30,500
(private). For 4 years of school, this adds up to roughly $58,800-$125,000.
Q: How is it possible to save that much money?
Parents should start early and invest well. The longer you save, the more your money will do the work for you by accruing interest.
Q: I still don't have enough money to pay for college. What now?
If your savings won't cover an entire 4-year degree, don't worry. A financial aid package — usually a combination of loans, grants, scholarships and work-study — can help bridge the gap between what
you have and what you need.
Q: How do I apply for financial aid?
For government aid, including grants, loans and work-study, you are required to submit a FAFSA form. Some colleges also have their own forms in addition to the FAFSA. A few weeks after you submit
your FAFSA, you'll receive a letter summarizing your data and detailing what your family is expected to contribute.
View All Questions
We advise our financial aid candidates to use our tools below and see how much college is going to cost, how to plan or save for college, how to find financial aid, and calculate
loan amounts.
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