Everything You Need to Know When Applying for Financial Aid

FINANCIAL AID 101


Financial aid is money to help pay for college!

Before beginning the FAFSA, you must apply for an FSA ID at StudentAid.gov. This will be used for all financial aid and used for your electronic signature on all financial aid documents. Write this down somewhere!
 
Remember that the FAFSA belongs to the student. The student needs to create an FSA ID using their personal information. They should use a personal e-mail account rather than a school e-mail account, as their current high school e-mail will be disabled after graduation.
When creating an FSA ID, the student will receive both an email and a text message to confirm their identity. The codes supplied in those messages are time sensitive and must be entered into the system to proceed. Please be sure your child is able to access this information while filling it out. In other words— do not attempt to do this while they are at school and have limited access to their e-mail and text...
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3 Tips That Could Save You Thousands On College

1. Make sure your child picks the right fit (both college and major/minor!)

According to the National Center for Education Statistics, only 41% of students graduate college within 4 years. With each additional semester, tens of thousands of dollars add up. According to data from the University of Texas, those who graduate in 6 years instead of 4 spend 40% more than those who graduate in 4 years.

What causes this?

Multiple things can cause this, but a few of the most common reasons are changing majors, transferring, or taking unnecessary courses.

Why is prolonged graduation common?

Many times students choose a college that they know little about. Their entire decision may be made based on a one-time visit or virtual tour. Many students forego the time consuming process of researching important information, such as:

  • The program of studies accompanying the major the student chooses.
  • Prospective job or career paths possible after graduating with that major.
  • Will there be a demand for...
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