It’s Time to Fill Out a College Financial Aid Form for Fall 2015
The new Free Application for Federal Student Aid, known as the Fafsa, became available online on Jan. 1. This is the starting point for students and families seeking federal aid. It is used by most states and colleges as part of the student aid process. The form collects financial and personal information about students, and their parents if they are dependents, to determine eligibility for scholarships, grants, work-study awards and loans. It must be completed every school year for students seeking aid.
Ann Carrns wrote an article recently in the New York Times that offered several good pieces of advice and information.
Filing the Fafsa as soon as possible after Jan. 1 increases applicants’ chances of getting the best financial aid packages for which they are eligible. Those who file the form from January through March receive, on average, twice the amount of grant money as those who file later, said Mark Kantrowitz, publisher of the financial aid website Edvisors.com.
There Is No Getting Around It – College Is Expensive!
We did a post last May that reported here, in Connecticut, yearly college costs varied from twelve thousand dollars at Charter Oak State College to over 61 thousand dollars at Yale. Very few families have the financial resources to cover those kind of expenses without help.
The U.S. Department of Education awards about $150 billion a year in grants, work-study funds, and low-interest loans to more than 15 million students. Federal student aid covers such expenses as tuition and fees, room and board, books and supplies, and transportation. Aid also can help pay for other related expenses, such as a computer and dependent care. Thousands of schools across the country participate in the federal student aid programs; ask the schools you’re interested in whether they do!
Financial aid is available from a variety of sources for college, career school, graduate school, and professional school.
Financial aid is money to help pay for college or career school. Aid can come from
Here’s a short video from Federal Student Aid Office that offers a quick overview (2:14 minutes).
The Federal Student Aid web site provides a wealth of information and advice. There are links to many other sources of useful and valuable information. Visiting this web site is a must for anyone who will be facing college bills in the next few years.
And don’t forget, the Tri-Town Teachers FCU offers scholarships to members and their families. Admittedly, this won’t cover your expenses at Yale, but hey, every little bit helps.
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