College Planning Tasks: for the Week of July 13

Summer Requirements Before College

Finding Additional Financial Aid

Most federal student loans, grants and scholarships are applied directly to the student’s account to pay tuition, housing, and other college-related costs. Any excess funds may be transferred electronically to the student’s account or sent to you by a paper check.

You need to contact your schools financial aid office to review procedures used to transfer funds to the student’s account.

But in most cases, the amount of federal student loans, grants and scholarships do not pay the entire cost of education (which includes tuition, housing, supplies, a laptop, transportation to and from school, and other education-related expenses).  It is up to the student to fund the remaining amount prior to school starting.

Financial Cost Review

enter estimated figures for each category

Enter Cost of Attendance:		tuition, books, room/board, personal items, computer, transportation, etc.
Government Student Loans:		includes Stafford and PLUS Loans
Scholarships and Grants:		awarded amount of scholarships and/or grants
Other Gift or Work-Aid:		includes government, state, and private aid packages
Prepaid Tuition and 529 Plans:		prepaid tuition and 529 plans setup in your name
Savings:		any personal or family aid
Additional  Aid Needed:		use private student loans for additional funding

 

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