Paying for college strikes fear and anxiety into many. Our job is to help take some of the stress out of the process for students and parents. We are here to help you! There are two types of financial assistance:
This page deals with Need-Based Aid. All families need to file the FAFSA as soon as possible after January 1 of the senior year. The FAFSA makes you eligible (in one form) for ALL need-based aid at ALL colleges. Not bad for a few hours' work. Below are some important websites to help you.
- Free Application for Federal Student Aid (FAFSA) (www.fafsa.ed.gov)
- To be able to file the FAFSA electronically, you must first secure a FSA ID. This can be found at www.fafsa.ed.gov
- Some colleges will require the CSS/Profile in addition to the FAFSA. The Profile is a financial analysis form, which colleges use to disburse institutional funds and can be found athttps://profileonline.collegeboard.com/index.jsp. This form can be files as early as October 1 of the senior year. Check potential college websites to confirm that they require the Profile.
Financial Planning for College
- The U.S. Department of Education offers several online resources for families to better understand the process of financial planning for college:
- FinAid (www.finaid.org) is a great site for assisting with the financial aid component and covers a wide spectrum of questions ranging from projecting future college costs, to savings forumulas, to needs analysis.
- KAPT Prepaid Tuition
The U.S. Department of Education’s office of Federal Student Aid is pleased to announce the release ofFAFSA4caster, a new Web tool designed to assist high school juniors and their families plan for education beyond high school. Students can receive an estimated Expected Family Contribution (EFC) by entering their information into FAFSA4caster, a simplified version of the Free Application for Federal Student Aid(FAFSA). FAFSA4caster also provides guidance on next steps for applying for admission, applying for federal student aid, and paying for education beyond high school.
Benefits - FAFSA4caster is a companion piece to the official FAFSA on the Web. The free FAFSA4caster tool will assist high school juniors and their families in the following ways:
Instantly calculate an estimated EFC
Inform the student of potential Federal Pell Grant (Pell Grant) eligibility
- Reduce the time needed to complete the FAFSA when the student applies as a senior