Getting a college education is undoubtedly expensive, with the nation’s top private universities having an average tuition of $200,000 for four years. Skyrocketing tuition, however, won’t stop students from pursuing their dreams and building their careers because they can seek financial aid to get through college. This financial aid package comes in the form of the Free Application for Federal Student Aid, or the FAFSA.
With the help of FAFSA, families of college-bound kids can get financial aid to help them in getting quality education. Most parents will want to know how to get the best financial aid packages, but are daunted by the seemingly complicated process of applying for it. Contrary to popular belief, filing for FAFSA doesn’t need to be complicated, and you can even get more free money for college if you’re able to follow these tips in getting a better deal.
While tertiary schooling in America looks grim, however, there is still hope in terms of financial aid. Local and university scholarships, as well as campus employment, peer-to-peer lending, and even crowdfunding have been hailed as potent sources for financial aid. Aside from these, there’s also the option of obtaining free money for college through federal Pell Grants, made easy through the help of firms like The Studemont Group College Funding Solutions and its advisors such as John McDonough.
A college education nowadays may be expensive, but that doesn’t mean it’s exclusive. With various methods of acquiring free college money, it’s still possible for students to get their dream degrees in the end.
While the 2015-2016 academic year is still some time away, parents of high school seniors have to get ready for tuition fee increases to help their children have some free money for college. Susannah Snider of U.S. News and World Report’s Paying for College section stated that many of the top-tier schools are already preparing proposals for increases.
This development may be of grave concern to parents who’ve been saving for a long time to finance their children’s college education. In an age of correspondence courses and online diplomas, people want to accumulate as much money as they can to finance educational ventures. An important part of making this happen is structured guidance by professionals working with companies like The Studemont Group College Funding Solutions, LLC.
A person’s college aspirations usually start once he or she hits high school. During these times, it would be best for prospective college students to start looking for colleges that would be a good fit to their interests and aspirations.
Identifying potential colleges and universities early also has financial benefits. For one, it will help cut down on application fees, which has an average of $38. As Nerd Scholar author Gianna Sen-Gupta says in an article, applying early means getting the results early, and if one gets admitted to a choice college, he or she would not need to apply elsewhere and pay more application fees.
Did you know that raising a child till the age of 18 will cost you roughly $245,000? Of course, by the time they reach that age, they’ll be graduating from high school, so you’ll be facing yet another major expense: college tuition fees.
According to estimates, the average cost of sending a child to an in-state public college is about $22,826 for the 2013-2014 academic year alone. If you want to send your kid to a private school, bump up that figure to around $44,750. That’s a lot of money for college tuition fees.
Basic college financial planning dictates that an incoming freshman look to get as much free money for college first, then resort to federal loans next, with private loans and spending out of pocket coming in last.
What most parents and students doing the planning on their own often don’t realize, however, is that apart from planning beforehand, there are ways by which they can recoup their expenses as each academic year proceeds. A report posted last August 19th on the Lifestyle section of the Time Warner Cable News Website discusses tax credits, one method which college expenses can be reduced
“Parents and students that go through the financial pangs of college understand the benefits of a college degree to a student, as higher earning jobs and opportunities come to those who bear degrees. However, budget establishment, loans, and changes in financial aid are some of the greatest financial problems they have to face.
Parents and students can avert financial disaster by proper planning and working, but nothing helps better than a well-thought out financial plan for the future. Techniques and plans from a reputable advisor like John McDonough of Studemont Group College Funding Solutions LLC can help parents and students alike save money for college.”