Avoid these four college financial aid mistakes

by My college Corner My College Corner provides webinars

With the cost of college education rising by the day and financial aid shrinking, you can’t afford to make these costly mistakes when it comes to sending your child to college.

Not starting early

The primary reason families make expensive oversights during the financial aid process is that they hold back until the last-minute and are pressed for time.

Not paying attention to deadlines

Another big mistake is passing over a financial aid deadline. If you don't submit the right forms with the appropriate departments ahead of the required deadline, you waste the opportunity to obtain the financial aid for that term.

Not filing the FAFSA

If you never file FAFSA (Free Application for Federal Student Aid), you are sure to go unnoticed by the financial aid system. Most colleges call upon the FAFSA to be filed, even if you will not get through for Federal aid, just so they can put forward any private scholarships, need-based grants or endowment opportunities.

Not appealing the college offer

A financial aid appeal to the college can be an excellent way to secure additional aid, especially if you believe some oversights or omissions were made when you initially filed.

Each of these errors is avoidable if you just take the time to conduct your groundwork, get organized and arrive at your plan of action. Needless to say, the earlier you set things moving, the better prepared you should be, so get started today and save a bunch.

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Created on Jul 3rd 2018 02:39. Viewed 461 times.


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