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10 Commandments of Financial Aid

TEN COMMANDMENTS OF FINANCIAL AID What do you need to know when applying for financial aid? Let these ten commandments of financial aid illuminate your way. Thou Shalt... Use student loans Apply for financial aid Research, apply for scholarships Choose federal as a last resort over private loans Even if you don't think you're eligible Unlike loans, you don't have to repay them Exhaust non-repayment options first Lower interest rate and flexible repayment plans Try to negotiate Send your FAFSA to several colleges you've been considering 10 Study each college's aid package Compare multiple schools for the best overall aid Update the school if circumstances Have multiple family members attend at once change New child, divorce, medical More students means 8. bills, job change, etc. more "financial need" Consider tution Consider the federal work-study AND avg. financial aid package size program Pick a school that has a high % of needs met Work-study earnings don't count as income Hasten thy return to school. © 2004 - 2014 ALL RIGHTS RESERVED

10 Commandments of Financial Aid

shared by college-atlas on Jul 16
Looking for financial aid? It may seem tricky,but is here to help. These 10 Commandments of Financial Aid will help you find and maximize your financial aid options, allowing you to f...


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