College Aid Secrets: Are You Missing Out?

Planning Ahead is Essential

Parents and students have the priority to financial plan which should be done as early as possible from the 8th to the 10th grade. By planning ahead, they can significantly increase the chances of receiving both merit and need-based financial aid. This proactive strategy not only makes families familiarize themselves with the financial environment but also helps them to make the best possible decisions.

Grasping the Types of Financial Aid

It is very essential to be able to tell the difference between merit-based aid and need-based aid. The merit-based aid is given for achieving high academic grades or for outstanding sports or other extracurricular activities while the need-based aid is given which is based on the family financial situation. The knowledge of this difference can help the students apply for the scholarships and grants they deserve.

Applying Tactically

Submitting the FAFSA (Free Application for Federal Student Aid) as quickly as it's possible is one of the most important things to do. The number of funds is limited in many states and colleges so it is the early students who will benefit aid. Further, students must study particular colleges' deadlines and requirements very well to be able to get the funds.

Gaining Professional Expert Help

By consulting the financial aid advisor, one can receive lots of tailored advice and learn about the funding options that are not widely advertised. These people are the experts who will uncover the best ways for financial aid package optimization and facilitate the application process.