FINANCIAL AID MISTAKES
Spending money up front.
All the financial aid information you need is out there free of charge.
Not applying for scholarships.
Money that you don't have to repay is the best type of financial aid.
Not completing the FAFSA.
The FAFSA is the most important tool for receiving financial aid. Many people qualify for some kind of aid.
Waiting until the last minute to turn in applications.
Many grant programs only have a certain amount of money to give to students.
Accepting the wrong financial aid package.
Review what each school is giving you to make sure you know your obligations.
Skipping negotiations.
If you don't feel your family's financial need was represented accurately, explain any special circumstances to your college's financial aid office.
Being a bad consumer.
Be sure to do your research on loan providers and make sure you're getting the lowest possible rates and the best repayment benefits.
Spending the wrong money.
Taking money out of a retirement account or paying for higher education with a credit card can put you into financial trouble.
Forgetting to include other expenses.
Tuition isn't the only thing you'll be paying for when you go to college. You'll also need money for student fees, food away from the dining hall, a computer, transportation and social activities. Beware of paying for financial aid information. Most information is FREE from your school counselor, library, at kheaa.com or at the financial aid office of the college you plan to attend.
Beware of paying for financial aid information. Most information is FREE from your school counselor, library, at kheaa.com or at the financial aid office of the college you plan to attend.
Funding Your Future