Paying for college is not easy. To help out high school graduates and their families, there are many different sources of financial aid to help pay for private universities. Here's what every incoming college student and their family needs to know about the financial aid process for private universities.
Once I began college, though, I realized that being a lower income student imposes certain hardships that don't affect many wealthier students. Luxuries like frequent trips to the city, regularly patronizing relatively expensive local restaurants, and many other miscellaneous expenses add up quickly.
Bernie Sanders wants to make public colleges tuition free. Plenty of people think that's wacko left. They ask where he plans to get the money to pay for it. But then along comes Senator Warren with a more expensive bill that would make public college debt-free for everyone. Both bills would mark a sharp turn away from debt as the main way to pay for college.
I often find myself helping a prospective student or parent understand an award offered by another institution. So, I thought it might be helpful to point out a couple of things that often lead to so-called "a-ha" moments with families. In the last three weeks, I've run across a variety of interesting factors that do not eschew obfuscation.
Most families aren't able to cover the full cost of their children's college experience, which means financial aid will play at least a part of their college planning. If you're thinking about applying for financial aid for your college-aged student (or thinking ahead for a child who's got some time left to go), here are the fundamentals you need to know.