Understanding the Financial Aid Roadmap | 02.23.11

Posted in FAFSA, Financial Aid, financial aid tips by Student Loan Guru

Applying for and receiving financial aid can be a long and confusing process, but don’t fret, we’re here to help! We’ve compiled information on all of the steps necessary for receiving financial aid to help answer your most common questions. The financial aid roadmap outlines all of the steps you should take, from how to fill out your FAFSA to tips on comparing financial aid packages.

So, what are the steps?

  1. Prepare for, and fill out your FAFSA form
  2. Review your Student Aid Report (SAR)
  3. Compare your award letters and financial aid packages
  4. Review your federal loan options and contact your financial aid office to accept
  5. Apply for additional aid to cover your full cost of tuition

Now that you have the entire process at your fingertips, make sure to start early! It’s important to file your FAFSA as soon as possible so that you can receive maximum aid and be on your way to that college degree.

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4 Responses to “Understanding the Financial Aid Roadmap”

  1. Glenda says on March 3, 2011 at 1:02 pm:

    Good Morning,

    Do federal aid loans for undergraduate school stay in deferment if I enroll in graduate school immediately following undergraduate school?

    Glenda

    Reply To This Comment
    • Student Loan Guru says on March 4, 2011 at 3:30 pm:

      @Glenda – In MOST cases your lender will allow you to defer loans through Grad school, but make sure you check the terms of the loan with your lender!!! If you don’t know who services your federal loan, go to nslds.ed.gov and file a Financial Aid Review to get the right information.

      Reply To This Comment
  2. carole hallen says on February 25, 2011 at 2:26 pm:

    How do you correct a fafsa that is in process?

    Reply To This Comment

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