Want To Go To College: Make Sure You Apply For The Vast Monetary Amounts Of College Financial Aid
College financial aid is open to any person, young or old, who wants to go to school. There is no age limit and no age requirement. All you need to do is show an interest in college education and fill out the most important form that will help you get the money you need to go to college: The Free Application for Federal Student Aid (or better known as the FAFSA form). Without it, there’s no money to be given to a student. Of course, most people don’t realize that the FAFSA opens them up to vast amounts of programs and money. What kinds of programs?
College financial aid is imperative to anyone who wants to go to college. In fact, the majority of people would be unable to attend if they could not get some type of financial assistance, regardless if it is private loans, scholarships or federal student loans and grants. Now bear in mind that the only way you’re going to get any kind of monetary assistance is if you apply for it.
Make Your College Career A Reality: Get Financial Aid Today
Regardless of what you’re going to major in, if you’re going to college, you will need to apply for some sort of financial aid assistance. Why? If you don’t do it, you’re basically lazy. The reality about this college financial aid money is that there are millions of students heading off to college who don’t bother to fill out the Free Application for Federal Student Aid (or FAFSA) form. They may think they over-qualify for help or are just too proud to ask the government for assistance.
Will you be lazy or too proud to get the money you rightly deserve to better yourself and get a college education? Those students who refuse to fill one out lose entirely out on the low-cost, affordable loans being offered by the government for whatever of the two reasons they have. Money that allows you to go to college should be reason enough to fill out the form
A Look At The FAFSA Form
The FAFSA form will be your college financial aid ticket to getting the low-interest federal loans and free grant monies. Don’t believe for a minute that your parents make too much money or that you won’t qualify because more than likely you’d be wrong. There are millions of students who actually miss out on all this money because of this false assumption.
Private Lenders For Private Student Loans
You can always get a loan from the private lender of your choice or try for a scholarship and pursue other means for financial assistance but whatever you do, you will need to fill out forms to be even remotely eligible for the assistance. Use your Internet to find the many different options available so that you don’t miss out on receiving any free money for your college education
Dates and Deadlines For College Financial Aid
Remember that the FAFSA form is going to be your “golden ticket” to get into college. The scholarships, grants and loan programs you hear so much about are going to want that form filled out. Now bear in mind that due dates of these are pretty sudden. If you forget to send it in before the deadline… you’re pretty much out of luck. Make sure you bookmark or write down when things are due so you don’t miss out.
The best thing you can do is to send in forms early on. Remember that most of this is on a first come, first served basis so submit all documents by the deadline and don’t forget to answer any and all questions relevant to you. Most students make the mistake of not sending in forms by the deadline or accidentally leaving questions blank. Don’t let that happen to you on your college financial aid application.
Begin Searching For Your Financial Aid Now
The best time to start searching for your financial aid packages is when you’re still a sophomore in high school (yes, a tenth grader in high school). Start your search with the Internet. You can search for any scholarship you want and never pay a fee. In fact, students who are serious about their college education will turn up all kinds of scholarships with some of the basic search engine tools. There are tons of free resources that can provide you with targeted scholarships and grants designed for specific goals and aspirations.
Specific Kinds of College Financial Aid Available
When you’re on the hunt for financial aid that’s available, you’re going to run across something that’s going to suit your needs. There are five different and key types of financial aid available.
– Student Consolidation Loans
– Alternative Sources
A Look At Grant Money To Meet Student Needs
When you’re approved for a grant, it’s generally approved on financial need. The best part of this type of financial aid is that you don’t have to pay it back; it is free money. Now, most colleges will tie in the grant to certain terms that must be met such as: grade point average (GPA), income qualifications and field of study.
Students who have exceptional needs for college financial aid will often be given the Federal Pell Grant and they will continue to receive this money as long as they meet those income eligibility guidelines and GPA.
The majority of states will also provide grant money based on the needs of the student as well (so long as the student is a resident of that state). These state-based grant programs will put a huge dent in how much you owe to the school for tuition. None of this will have to be paid back either.
A Look At Scholarship Money To Meet Student Needs
When you start researching about scholarship money, you’re going to find that there are all kinds of scholarships available for college financial aid. Remember this key thing: You can’t get it if you don’t apply for it. You probably think that you won’t qualify for a scholarship. The reality for most college financial aid students is that they have no idea how many scholarships actually exist.
There are over 1,000 scholarships available, adding up to millions of dollars in free money. All you need to do to get it is apply. Some of the common scholarships include:
– Athletic scholarship
– Community service scholarship
– Extra-curricular activities scholarship
– Charity organizations scholarship
– Minority student scholarship
– Women’s scholarship
If you need help trying to find scholarships, writing an essay or other tips, check out TuitionChart.com.
A Look At Student Loans To Meet Student Needs
There are all kinds of college financial aid and student loans available at the federal and state level. The one you choose to go with will actually depend on how you decide to proceed in school.
Stafford Student Loan Program – This is the most popular federal loan in the United Sates. With it, students can borrow money from any number of lenders such as banks or colleges. One of the reasons it’s so popular is because the government will pay the interest while you’re a student. Something not typically done with you borrow money from the bank.
Federal Perkins Loan – The Perkins Loan is government subsidized but originates from the school. These loans are awarded to students who show serious financial need, only on a first-come, first served basis. Perkins Loans are handed to colleges/universities to every participating college and when that money is gone, it’s just gone. Students are also recommended to apply early for the college financial aid.
Parents With Dependent Students – They can apply for the Parent PLUS Loan but will be responsible for the any interest that’s accrued during this time period of when the student is getting their degree.
Graduate/Professional Students – They can opt for a Grad PLUS Loan, which offers some fiscal flexibility.
On top of these loans, you will see there are state specific and private loans available from lenders. Make sure you leverage all these carefully so you don’t pay an arm and a leg once you leave school
A Look At Student Consolidation Loans To Meet Student Needs
After you’re through with your college career, you might want to do some loan consolidation for your college financial aid to ensure that all your loans are manageable. All those little loans you have will be combined into one or two loans, allow you to lower the interest rate and your payments.
A Look At Alternative Sources To Meet Student Needs
There are other types of financial aid you may have overlooked or not even considered. For instance:
529 Savings Plan – When your parents or yourself decide to save for college, the majority of state governments will offer you and your family big turns and/or tax free incentives. There are many financial advisors who recommend parents begin a 529 account shortly after the birth of their child. When you keep some college financial aid back each month, the money will be there when your child goes to school.
College Payment Plan – Now some universities are offering tuition payment plans that make going to school a bit more affordable for the student and their families.
Parent’s Home Equity Line Of Credit – There are some parents who will borrow against their home (meaning they take out a home equity line of credit) as a way to fund their child’s college education.
Again, what you choose to do to fund for your college education is totally up to you. However, don’t skimp out because you don’t think you’ll qualify; fill out the FAFSA form. Look for the free college financial aid money first then go for the rest.