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Financial Tips

If you’re thinking about financial student aid, these 8 quick tips can help
  1. Assess your finances. Once you know what you can afford, it will help narrow your search of colleges to those within your budget, as well as help you determine whether your child will need financial assistance.
  2. Inquire about discounts for multiple children. Families with more than one child applying for student loans may be eligible for financial aid discounts. Contact the financial aid office at the college or university for more information.
  3. Celebrate your child’s achievements. Merit-based awards look at a student’s accomplishments when deciding on scholarships, so it’s a good idea to highlight them in your application.
  4. Visit the student financial aid office. Getting better acquainted with the student financial aid office is a good way to network and stay top of mind for campus-based awards.
  5. Know the impact of financial aid. Investigate if applying for financial aid affects your child’s chances of being admitted. If so, find out how.
  6. Consider the timing of early decisions. Accepting early admission offers may affect your financial aid options and prevent you from comparing aid offers from other schools due to early commitments.
  7. Consider how outside awards may affect financial aid. If your child receives another scholarship, find out if and how it may affect your student financial aid award.
  8. The earlier the better. The sooner your child submits college applications, the better his or her chances of receiving financial aid. It’s also a good idea to file your taxes as early as possible.

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