Paying for College
Where's the Money?
You've decided to go to college, you've sent in your applications and you've checked on all the deadlines and orientations. Now the big question–How do I pay for this? Don't forget that your best source of financial aid information will be the financial aid office of the school you plan to attend.
Take action. The school of your dreams may not be out of reach. Research the availability of financial aid. You may qualify for financial help based on such things as academic achievement, athletic skill, musical ability or simply financial need. Contact the financial aid office at the school you want to attend to find out what's available.
Check with the school you want to attend to find out the latest costs and what kind of financial aid package it's offering. It might not cost any more to go to a high-priced school than a lower-priced school. You won't know unless you ask. You can compare the costs of different schools by using the College Cost and Award Package Comparison form.
Even though a college education isn't cheap, it's more affordable than you think. Financial aid comes in many forms, and you'll probably qualify for more than one type. Let's look at some common questions.
How is financial aid awarded?
Financial aid is determined by state and federal government regulations, your college and private businesses and organizations. Remember, though, that you and your parents are expected to pay as much as you can toward your college expenses.
Who develops the financial aid package?
Generally, the school's financial aid office develops your package based on guidelines and law. The package usually includes grants, scholarships, work-study and loans and depends on what funds are available.
