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Applying for College Financial Aid?
Marquette Offers
Helpful Advice for Parents and Students
Released:
Dec.1, 2004
Today, as baby boomers' children travel through the education
system, 14 million students are expected to attend college
in 2005. For most families college costs are intimidating,
but it does not have to be that way. Marquette expert
Dan Goyette has advice that can help you navigate the often
confusing maze of financial aid.
Goyette has been Director of the Office of Student Financial
Aid at Marquette University the last 25 years. He knows his
material! The following is a list of the top tips to
remember when applying for financial aid:
Be Inquisitive. Ask the colleges what their
procedures and deadlines are for scholarships and other financial
aid programs.
Be Organized. Once you have this information,
keep close track of your progress for providing what each
college requires. Although many similarities in financial
aid exist among all colleges, there are enough differences
to warrant creating a file folder for each college that includes
information about its process.
Be Aware of Deadlines. File the FAFSA, Free
Application for Federal Student Aid, as soon as possible after
January 1st. The FAFSA is required by all colleges to
determine eligibility for financial aid. Colleges may
require other forms, but the FAFSA is the most important.
Many colleges will tell you to file the FAFSA in January even
if you have not filed your taxes. You can estimate and
then update the FAFSA later if your actual tax information
is different. File online at www.fafsa.ed.gov
rather than filing the paper version. If in the
process of completing the FAFSA you realize there are circumstances
about your financial situation not covered by the form, write
a letter about those circumstances and send the letter to
the financial aid office at each college your student is considering
attending. Special circumstances could include anything
affecting your family's financial strength and, therefore,
your ability to pay the costs associated with attending college.
Follow Up. Keep in contact with the college
financial aid office. Don't make the mistake of filing the
FAFSA and then forgetting about it until school starts next
fall--you may not have any financial aid waiting. Once you
file the FAFSA, expect confirmation that your application
was received by the federal processor. You should then
receive an aid award notification according to the college's
timetable. Call the college financial aid office if
you have any questions, particularly if you have concerns
after receiving the aid award notification. Follow the college's
directions to accept and reserve the financial aid they offer
you.
Investigate. Search for scholarships and
plan to work part-time while attending college. Ask
about community-based scholarships at your high school guidance
office and then search the web for nationally available scholarship
programs through free search engines like www.fastweb.com
. Searching for scholarships, whether through fastweb
or through your college's financial aid office, is something
you should do on a regular basis throughout your college career.
Equally important and rewarding is part-time work while
attending college. Working 10 to 20 hours per week closely
correlates with academic, social, and financial success at
college. Students who work part-time at college learn
to organize their time more effectively, get to know the faculty,
staff, and other students, and are able to pay more of their
own personal expenses. Parents should encourage their
students to persist in pursuing student employment options.
All too often opportunities for employment are missed for
lack of follow-up by students. The financial aid office
at each college should be able to assist in the part-time
employment search.
Reapply. File another application for financial
aid early each year! Most colleges have reapplication
deadlines that come soon after January 1st, with loss of some
or all aid as the penalty for late filing. Find out
from the aid office what the reapplication procedures are
and follow them carefully.
With increasing tuition costs nationwide, attending college
can seem out of reach. However, with these helpful tips on
applying for financial aid, you can get the head start you
need on funding a college education.
Office of Public Affairs Contacts
Christopher Stolarski
Media Relations Specialist
Phone: (414) 288-1988
Send e-mail
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