John Hupalo and Scott Maciag, long-time high school guidance counselor, dissect an actual financial aid award letter to show the free money, earned aid and loans. They offer tips on student loans, discuss net price vs total cost of college and talk about appealing the financial aid award when the package isn’t enough.
Parents, stay tuned to this content series helping you with key info on college funding to help make affordable choices.
College affordability shouldn’t be a one-time calculation done at the time a student receives their first financial aid award letter. Reducing the cost of college – and thereby increasing the return on investment – can be done in college.
It’s very important that continuing college students reapply for financial aid EVERY YEAR! Even if your student didn't receive any aid when your family first applied, it's important to keep the Free Application for Federal Student Aid (FAFSA) open and up to date. If your family's circumstances change, you may be able to appeal for increased financial aid at a later date.
Saving may be the best way to pay for college, but sometimes it’s just not enough. There are many strategies to fill the gap between how much you have and how much you need. Parents can make a huge impact on the process by staying organized and knowing the lingo to help support their child's college bill payment strategy.
As the school year rolls around, the college application process is in full swing. Terms such as "early action" or "early decision" are common for students looking to be admitted to a school much earlier than the standard admission deadline. If your student is thinking about applying early it is important to know all the facts.