CSSProfile

Gaining the Best Financial Aid Packages

Gaining the Best Financial Aid Packages

Financial aid is confusing. It’s even worse than income taxes. According to the American Council on Education, in 2006, 1.8 million students who would have qualified for federal and financial aid failed to apply. There is no reason to be among that number.

The fundamental precept of financial aid is filing the FAFSA as soon after January 1st of senior year as possible. The whole idea is to be at the front of the line when scholarships and grants are being allocated. At most of the public schools, including the University of California system, only filing the FAFSA is required. This vastly simplifies the process. Filing solely by the federal method (FM) makes applying to state schools almost a pleasure.

Financial Aid for the International Student

Financial Aid for the International Student

Six schools, including Harvard, Yale, Princeton, Dartmouth, Amherst, and MIT are all ‘need blind’ and ‘full need’ regardless of a student’s country of origin. This means that if accepted, international students will obtain the necessary financial aid to attend. Be aware, however, that though these schools advertise themselves as being “need-blind,” which technically means that financial circumstances are not considered in the admissions process, how this might actually translate into the reality of admissions warrants consideration.

Colleges and the Financial Crisis

Colleges and the Financial Crisis

Few of us have escaped the economic impact of what some economists are calling the worst financial disaster since the Great Depression. The colleges haven't escaped either.  Many, whether public or private, are more vulnerable than you might suppose. It's a good idea to be aware of how they will be affected, especially if you're planning to join their campuses either this fall or next.