Forecasting Financial Aid

CBS Detroit reported this week that a recent poll of Michiganders (residents of Michigan, for those not from the "Mitten State") by Michigan State University found that 97% of residents believed a college education was important for a successful career, but only 33% believed they could afford it.

Financial aid is a topic fresh in the minds of many high schools seniors (and their parents or guardians.) Here are some resources the Joyce Ivy Foundation community has found helpful:


All financial aid applicants complete the FAFSA for federal student aid.

This tool helps students and families estimate their eligibility for financial aid before completing the FAFSA.

Federal Student Aid
The Federal Student Aid site (an office of the U.S. Department of Education) has helpful guidance around using the FAFSA4caster, completing the FAFSA, applying for aid, and paying for college.

A wealth of comprehensive information about applying for aid, calculators, saving for college, scholarships, FAQs, and advice.

In addition to these sites and tools, each college or university will have a net price calculator on its website. The Higher Education Opportunity Act of 2008 included a federal mandate for all colleges participating in federal aid programs to make a net price calculator available. (You can visit the National Center for Education Statistics site to learn more about what these calculators actually calculate and what "net price" means.) 

Check out net price calculator examples on the sites of some of the Joyce Ivy Foundation's partner colleges: Brown, Dartmouth, Harvard, Johns Hopkins, Stanford, Wellesley.

What other financial aid sites or tools would you recommend?

Comments

  1. Additional advice from Patrick O'Connor on Huff Post College:

    http://www.huffingtonpost.com/patrick-oconnor/paying-for-college-_b_2276579.html

    ReplyDelete

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