The only thing predictable about today's
economy is that it will have an impact on
just about every aspect of life. To avoid
creating unmanageable financial obligations,
students planning to attending college or
career school should sort out their budgets
ahead of time and take advantage of every
available funding resource.
Many families will be affected by the
economy and financial situations may change
from one week to the next. As such it is
highly advisable to the students to secure a
loan or scholarship to fund their education.
Never over burden your parents as they might
have other bills to pay about.
Be aware of the deadlines for your financial
loan application paperwork and meet them.
Also, the deadline at your college may be
different from your best friend's college
down the road, so make sure you know the
deadline for your college.
It important to calculate costs for books,
supplies and transportation, in addition to
tuition, fees and hostel when considering
paying for college
Merit-based aid is aid given to students
based on their academic performance.
Need-based aid is awarded to students based
specifically on their family's documented
Award letters vary so make sure you are
aware of whether your aid is a grant or a
loan. Also, check to find out if your aid is
renewable every year so that you can make
the necessary arrangements regarding
deadlines or finding a different means of
If your family's financial situation changes
for any reason, contact the financial-aid
office at your college to discuss aid
options. Many college financial-aid offices
will do their best to assist families as
unexpected situations arise and this year
colleges and families alike are expecting
Since your financial situation may change in
the coming months or more, be thorough and
careful in your efforts to receive financial
aid so that you can continue on your path
toward an education and the possibility of a