College Financing 101
As a high school student looking to attend college in the near future, one of the issues you will inevitable face is costs; how is tuition going to be paid for? The following information shall breakdown the basics of financial aid so you will know what to expect in the near future.
- You must file a FAFSA to determine what need based funding you are eligible for. The FAFSA is available through the federal department of education at the following site http://www.fafsa.ed.gov/
- Filing your FAFSA is a process undertaken by you and your parents. You may run across FAFSA filing services that charge a fee to file for you. It is highly recommended you complete the process yourself and avoid paying for what already is a free application from the government.
- There are four primary funding sources used to pay tuition. Need Based Grants, Merit Based Scholarships, cash payments, and Student Loans.