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By either reading the college’s written materials on financial aid or speaking with one of the college’s aid counselors, you should get clear and decisive answers to the following fifteen questions:
1. Can I get an early estimate of the type and amount of aid I might receive?
2. Do I have to fill out a school-specific aid application in addition to the FAFSA?
3. Do you give both need and merit aid or are you a need-only school?
4. If you give merit aid, what are the eligibility standards for your scholarships?
5. Will applying for aid affect my chances of being admitted?
6. Once you calculate my need, typically what percent do you meet?
7. For your average award, what percent of the total package is scholarship or grant?
8. If I am assigned a work-study or other campus job, how may hours per week do you expect me to work?
9. Will you expect me to work in the summer? If so, how much will I have to earn?
10. When evaluating my parents’ ability to pay, do you include the value of the family home?
11. If my family has a special circumstance, like providing support to a sick or elderly family member, will you take that into consideration?
12. When looking at student savings, what percent do you expect to go towards my education?
13. If my family encounters a financial hardship after I enroll, can you help me? With what type of aid?
14. How much do you include in the student budget for books and personal expense? Do you include an allowance for travel?
15. How will you adjust my aid award if I win a scholarship from an external source?
About The Author
Karl Schellscheidt
ePrep http://www.eprep.com
Copyright 2006 – All Rights Reserved, ePrep, Inc.
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Oct22No Comments
Today student loans are almost a given for college kids heading off to school. Few parents have the financial resources to pay all of the tuition for their children, and so most students fill out a FAFSA and apply for loans. This has not always been the case, however. Read the rest of this entry »
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Oct20No Comments
President Barack Obama’s administration is committed to helping moms return to school. You may not be aware of this ‘Moms Return to School’ push, but it may just be what you are looking for to help you finish up that college degree.
Even though many people are Read the rest of this entry »
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Oct18No Comments
Financial Aid – when should I apply for?
by: Vanessa McHooleyMany different types of financial aid are available to you in the form of scholarships, grants, and loans. With billions of dollars at stake, it is important to begin the search process early and Read the rest of this entry »
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