Paying for college: What you should know | 01.18.12

Posted in FAFSA, Financial Aid, financial aid tips, News By Student Loan Network Staff

Misty makes some excellent points in this video, especially for families who are applying for financial aid for the first time. She mentions that the FAFSA is free, and we can’t stress this enough! For families who have questions about the FAFSA, feel free to pose a question to the financial aid experts at FinancialAidForum.com, or check out some of the other common questions from families.

She also talks about how families must pull their tax information for the FAFSA from the IRS in order for the form to be complete. I’d clarify that families who aren’t required to file their taxes for whatever reason, don’t need to use the IRS data retrieval option. However, families who have a tax return on file, and who don’t use it, will most likely have to talk with the financial aid office about any discrepancies.

Misty also mentions some great scholarship resources for Colorado students; but for everyone who’s not from Colorado, here are some helpful scholarship tips and resources:

Check with your local high school – Guidance offices often have a great list of local scholarships that may not be posted anywhere else. The best part about local scholarships, is that there will be less applicants (and competition!) than nation-wide scholarships.
Keep an eye on Twitter – Even if you don’t have an account, making one specifically for scholarship hunting could pay off. There are a lot of #scholarships out there, you may just need to widen your search.
Join ScholarshipPoints.com – A great online resource! Anyone can participate, and it’s free to join. Plus, no time-consuming essays required.
Check out StudentScholarshipSearch.com - A helpful site that provides a database full of scholarships to pick from. Search what’s important to you, or find scholarships by state.

Paying for college doesn’t have to be stressful, just make sure to utilize all the resources available to you, and you’ll be financial aid whizzes in no time!


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