The summer prior to senior year and Senior itself encompass many opportunities for financial aid for colleges.
The summer prior to senior year, students need to research the many different local and national scholarships available to them throughout the year. Most college consolers will have a list of local scholarships on record for students to apply to. In addition, online resources will provide many possibilities as well.
In addition, during the fall students and parents should familiarize themselves with the Free Application For Federal Aid (FAFSA). This is the form that will allow students to access more than 60 Billion dollars worth of aid. The FAFSA provides many different types of aid.
Loans, including Stafford Loans, Perkins Loans, and Plus Loans
Grants, including Pell Grants and need based grants given by schools.
During November - January students should continue to complete college applications for admission.
Once Parents and Students have all necessary tax information they should fill out the FAFSA as soon as possible to avoid any problems with late processing.
Detailed information can be found at the FAFSA page
The FAFSA information will automatically be submitted to colleges that you specify on the application.
Each College/University that you receive admission to will forward you a financial aid award letter which will contain all aid from the institution. The faster the FAFSA is processed and submitted to college usually the faster the colleges financial aid award arrives.
Now you have the financial aid award letter from several prospective schools, but you thought you would receive more money. What can you do?
- CALL, CALL, and CALL the financial aid office and explain your situation. This is the very minimum.
- If you can GO VISIT and set up an appointment to discuss in person.
- The financial aid office will not give more money to a number, but possibly will give money to a person attempting to develop a line of communications.