College Financial Issues

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College Financial Issues?

• You don't have to be rich to attend
   
• What if financial aid is Not Enough
   
• What is Financial Aid
   

What is Financial Aid?
The money that is supplied by some source of outside the family to help pay for the cost of a student's education beyond high school. Listed below are the categories, types and sources of financial aid.

CATEGORIES

• Need Based
   
• Non-Need Based (Merit)

TYPES

• Grants and Scholarships
   
• Loans
   
• Student Employment

SOURCES OF FINANCIAL AID
 

• Federal
   
• State
   
• Institutional
   
• Private

Financial Aid Do's!
 

• Learn all you can about financial aid.
   
• Research all possible sources of financial aid.
   
• Create a plan of action early on.
   
• Request college admissions & financial aid information from the school you wish to attend.
   
• Know when financial aid applications are due.
   
• Know who or where to submit financial aid applications to.
   
• Complete entire application accurately & Legibly.
   
• Mail financial aid application before the deadline to ensure prompt processing.
   
• Respond promptly if asked for additional information.
   
• Keep a copy of your records of everything you send out!
   
• Ask questions when you are unsure!
  (A misunderstanding can cost you money and possibly financial aid.)

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