Tuesday, January 26, 2010

Dollars and $ense . . .

Where's the Money?
Part 2

Sometimes . . . getting answers means knowing what questions to ask. While there is a lot of money out there to be awarded (billions of dollars last year went to undergraduate students), knowing how to access it sometimes seems complicated.

Here are some questions to ask the admissions/aid professionals at schools you are considering:
$ Is this school need-blind in admissions? (That simply means that students are admitted to a given school regardless of their ability to pay.)
$ When a student is admitted, is the school able to meet the student's demonstrated need?
$ How is aid packaged? This means what forms of aid are available - scholarships, grants, loans, work-study - and how are aid packages put together?
$ Which forms are required for applying for need-based and/or merit money?
$ When are these forms due?
$ When will my eligibility for aid/scholarship be determined and how and when will I be notified of the package I will be offered?
$ What is the difference between being a dependent student vs. being an independent student?
$ What happens if my circumstances change?

There's a lot of information to chew on when it comes to figuring out how to get aid for educational opportunities after high school.

I'm in search of other information to share with you - going to go see my counselor.

L8R,
Clyde