Finding and applying for college financial aid
by Melissa Brodsky
Preparing for your teen’s college education requires more than visiting schools and comparing majors. It’s also a time for making important decisions about how your family will afford higher education.
While there are many sources of financial aid, the aid for which your teen qualifies will depend on a number of factors, including his or her grades and standardized tests scores, the school he or she chooses to attend, and your household income. Options can vary depending on your unique situation.
Here are some places to look for financial aid information:
Your Teen’s School
Your teen’s school should have a wealth of information to share about financial aid. A visit to your teen’s guidance counselor will likely yield not only information but also some applications to complete.
In addition, your teen’s guidance counselor may provide quick answers to some of your burning questions about financial aid.
Colleges and Universities
You can also obtain a good deal of financial aid information from the financial aid department of the schools in which your teen is interested. In fact, most schools post financial aid information on their websites to give prospective students a good idea of the types of aid available to them.
This typically includes scholarships and grants the school offers privately, work study information, and details about any financial aid contests the school runs. Many schools also send such information along with college information/application packets.
Search online for information about college grants, scholarships, loans, and work study programs. Explore as many legitimate financial aid sites as possible to ensure that you leave no stone unturned in getting the financial help you need. Here are some good places to start:
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