Is there financial aid for everyone?
#financial-aid #college #federal-government
5 answers
Veronica’s Answer
Katie Manderson, MA, ACC
Katie’s Answer
No and this is why a lot of folks are in debt after graduation. There are a lot of ways to help yourself in these situations, look for every scholarship and apply for them. There are a lot out there and even the smallest ones can help with books and other supplies as needed. Look at grants which are paid differently. Talk to your school guidance counselor; I found mine to be super helpful when starting the college application process as they were very well versed in scholarship applications and the FASFA process. If you don't have a guidance counselor try the school librarian. These days unfortunately schools are so expensive and not everyone gets aid, so start looking now to see what can help you pay. Also, consider a community college for the first two years. In my state I was able to take some college credits my senior of high school which spread out the pain a bit.
Sheila’s Answer
No. Start by meeting with your Guidance Counselor to help navigate and educate you on the financial aid process. Work on the FAFSA (Free Application for Federal Student Aid) form as early as possible. This will require your parents income and tax information, any jobs you have held, savings and checking account information, etc. FAFSA will determine your "Expected Family Contribution (EFC)".
WHAT IS EXPECTED FAMILY CONTRIBUTION
Your Expected Family Contribution (EFC) is an index number that college financial aid staff use to determine how much financial aid you would receive if you were to attend their school. The information you report on your FAFSA, including specific tax information and family income, is used to calculate your EFC.
As you research financial aid make sure to check the following areas:
• Local Community - (see if there are offering any scholarships)
• Church - (they may be willing to support you with a scholarship)
• Family - (they may be willing to pay for books, supplies, extras, etc. etc.)
• Parents Work Place - (ask your parents if their employer offer scholarships)
I wish you much success on your journey. Best of luck to you!
Sheila recommends the following next steps:
Roger’s Answer
Jacqueline’s Answer
Jacqueline recommends the following next steps: