HS College Planning Guide: week of May 17

HS College Planning Guide: week of May 17

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Review Your Financial Award

You should receive your "Financial Award Package" with information on your qualifying financial aid from each school that you have been admitted.

The "Financial Award Package" will show the cost of attendance and the amount of each financial aid award that will be granted. The difference between the cost and the amount awarded is the portion that the family is expected to pay.

 

The financial awards include:

  • grants,
  • scholarships,
  • federally student loans,
  • work study programs,
  • other college assisted aid

 

Financial Aid Review

View these summary charts of financial aid options:
(link to our financial aid center)

Understand the financial aid process for student loans, grants, scholarships and other student aid:

Note 1:   understand the financial aid process
Note 2:   submitting the FAFSA form for federal aid
Note 3:   review the student aid report
Note 4:   get the financial award letter
Note 5:   view financial aid options
Note 6:   apply for and manage student funds

 

Note the Ways to Pay for College

  1. Scholarships and Grant Aid Programs:
    over $24.3 billion
    worth of scholarships and grants in one location

  2. Federal Student and Parent Loans:
    federal student and parent PLUS loans are available — view details and options
    view summary note: federal student loans
    view summary note: federal PLUS loans

  3. Private Education Loans:
    need a little extra to cover the full cost? — compare plans
    view summary note: private student loans

  4. Home Equity (Bank Equity Program):
    use the equity in your home to finance all or part of your education without restrictions
    view summary note: home equity loans
 

 

More information available:

 

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Categories: College Planning