Applying for college financial aid is one of the most important things that you will have to do before heading off to college. Tuition at state and private institutions has been rising yearly and most students need some form of financial aid.
Once a student files their financial aid forms they are forwarded to their college or university and it is then determined how much aid the student will receive. This is determined by the student’s age, financial situation and family situation.
Here are some steps to follow when applying for financial aid:
- Obtain a copy of the Free Application for Federal Student Aid (FAFSA) form. You can find this form at any college financial aid office or by visiting the FAFSA website and and filing the form electronically. You will be required to file a FAFSA every year you attend college and want financial aid.
- Complete the FAFSA form. You will need to provide personal information including your Social Security number, tax return information, dependent information, marital status and parental income information if you are a dependent.
- Mail the FAFSA to the address listed on the application or file it online. Then you just need to wait to hear if you qualified for financial aid and how much you will receive.
If you find that you don’t qualify for financial aid or that you don’t qualify for enough financial aid to attend college…don’t give up hope. You may qualify for a private loan from a bank. Contact a bank of your choice and talk to them about a private loan.