Understanding Your Financial Aid Package for College

Yea graduation..... hello... paying for college!

This article on reading the financial aid package clearly is invaluable. It clearly breaks down the differences, and what you can expect, from scholarships and grants.

Remember: scholarships and grants are monies that you don’t have you pay back. Loans, you always have to pay back.

Most students will get a package that has an offer for grants and loans. Scholarships must be applied for. Start looking early and apply for every one you can. Many scholarships are not even awarded because no worthy people apply. I reiterate: apply for every grant that you believe you qualify for.

Wards of the state (i.e. foster youth and orphans) are usually given independent status instead of dependent status as we have no one to depend on. This affords us the ability to receive more grant money and fewer loans. If this is a bit confusing, call in to our radio show on Tuesday, April 14th at 10am to ask your questions.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s