When most paretsstart lookingfor ways to get tuition for colege, typically they make these 10 deadly mistakes
You could lose out on some possible funding opportunities if you don't take caution to avoid these mistakes
This article will teach you how to avoid these mistakes so that you can get the most amount of funding from each school your college-bound student applies to. Ready? Let's get started!
Mistake #1 is thinking that if you make a bunch of money and have a nice home, that you will not get any financial aid so you may as well not apply
Fact: There are little-known grants and dollars from private foundations and organizations that allow some financial aid to be given no matter what you income is!
You just have to know how to get your "fair share".
Unfortunately, most parents give up before they even start and assume they won't be eligible. This is exactly what the government hopes you will do so they can keep more of these funds. Don't make this mistake! If you fall into this category, make sure you apply; you'll probably be eligible for SOME money.
Mistake #2: Focusing your time and energy on a private scholarship search instead of spending your time trying to qualify for "need-based" financial aid.
The reality is...only 1% of available money is from Private scholarships...the other 99% comes from the state you live in, the Federal Government and the school your child applies to...so where do you think you should spend your time?!
Mistake #3: Assuming only minority students, athletes, and academically gifted students get financial aid.
This is just not true!
Financial Aid based on "need" is determined by comparing the family contribution to the cost of attendance to see what the government's definition of your need is.
This calculation has nothing to do with the level of grades or sports achievement your child plays at....it's a simple formula
COA (Cost Of Attendance) - EFC (Expected Family Contribution) = FN (Financial Need)
Mistake #4: Picking colleges and universities without paying attention to where your student lies in relation to the rest of the student body.
Schools will give the best financial aidpackages to students with the best GPA/SAT/ACT and who are in the to 10% of incomg freshmen
The reason they do this is to attract the better students to their school. Use this to your advantage and apply only to those schools where your child would fit into the top 10% category.
Mistake #5-Thinking tat every school ist he same and will be willing to give the same level of funds
Remember that all schools are not the same and have different financial aid packages. Some schools have large alumni associations and are well-endowed. These are the ones that are more willing to give you money
In order to assist their students, state schools have to rely on Federal money because theydo not get private funds.
You can find out a school's past experience in giving away financial packages to determine i you will be short-changed or not. This one thing alone could make your choice of school much more expensive than it should
Dedicated to Making Your Child's College Dreams Come True
You could lose out on some possible funding opportunities if you don't take caution to avoid these mistakes
This article will teach you how to avoid these mistakes so that you can get the most amount of funding from each school your college-bound student applies to. Ready? Let's get started!
Mistake #1 is thinking that if you make a bunch of money and have a nice home, that you will not get any financial aid so you may as well not apply
Fact: There are little-known grants and dollars from private foundations and organizations that allow some financial aid to be given no matter what you income is!
You just have to know how to get your "fair share".
Unfortunately, most parents give up before they even start and assume they won't be eligible. This is exactly what the government hopes you will do so they can keep more of these funds. Don't make this mistake! If you fall into this category, make sure you apply; you'll probably be eligible for SOME money.
Mistake #2: Focusing your time and energy on a private scholarship search instead of spending your time trying to qualify for "need-based" financial aid.
The reality is...only 1% of available money is from Private scholarships...the other 99% comes from the state you live in, the Federal Government and the school your child applies to...so where do you think you should spend your time?!
Mistake #3: Assuming only minority students, athletes, and academically gifted students get financial aid.
This is just not true!
Financial Aid based on "need" is determined by comparing the family contribution to the cost of attendance to see what the government's definition of your need is.
This calculation has nothing to do with the level of grades or sports achievement your child plays at....it's a simple formula
COA (Cost Of Attendance) - EFC (Expected Family Contribution) = FN (Financial Need)
Mistake #4: Picking colleges and universities without paying attention to where your student lies in relation to the rest of the student body.
Schools will give the best financial aidpackages to students with the best GPA/SAT/ACT and who are in the to 10% of incomg freshmen
The reason they do this is to attract the better students to their school. Use this to your advantage and apply only to those schools where your child would fit into the top 10% category.
Mistake #5-Thinking tat every school ist he same and will be willing to give the same level of funds
Remember that all schools are not the same and have different financial aid packages. Some schools have large alumni associations and are well-endowed. These are the ones that are more willing to give you money
In order to assist their students, state schools have to rely on Federal money because theydo not get private funds.
You can find out a school's past experience in giving away financial packages to determine i you will be short-changed or not. This one thing alone could make your choice of school much more expensive than it should
Dedicated to Making Your Child's College Dreams Come True
About the Author:
To find out exactly how I can help you with scholarships for college, visit my website about Illinois college tips and get a FREE Report: "How to Pay For College Without Going Broke"
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