Seniors, besides merit scholarship options, there is also another way for you to finance your college dreams. Apply for federal financial aid. If your parents make less than $150K in combined income, I would advise you to at least submit your application for federal aid.
If you plan to attend a private four year school, the retail cost of your first year of college could be as high as 60K. This estimated cost includes the total cost of attendance, including tuition, fees, room and board, books, travel and incidental expenses. The average cost of a private four year school for the 2008-2009 year was approximately $36,000.00 (collegeboard.com). At a public four year university, the average cost for a first year student was approximately $16,000.00, with only $6,600.00 for tuition and fees. The room and board cost for students is estimated at $8K a year. However, this cost will greatly vary based on dorm options and food plans. (It is recommended that most first year students live on campus in university housing, unless there is limited housing on campus and there are safe housing alternatives nearby campus.)
This is a reminder for the parents of college-bound seniors to submit their online FAFSA in the next few days. Parents need to keep in mind financial aid is given on a first-come, first-served basis from “pools” of money; waiting to submit the FAFSA may be harmful to your son or daughter’s potential for receiving significant need-based financial aid awards.
To complete the online FAFSA:
Showing posts with label FAFSA. Show all posts
Showing posts with label FAFSA. Show all posts
Monday, February 8, 2010
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