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What do students need to know about financial aid?

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As part our College Q & A guide, we decided to ask your questions to the the experts. Here are their answers.

王文君 June Scortino, President, IVY Counselors Network

The financial aid process is not simple and easy, that’s why many families missed the opportunity. students can use online tools to find out their financial aid qualifications. then parents must file aid on time and submit tax return before the deadline.

 

Kim Glenchur, Educational Consultant Colleges, GPS

It is premature to screen colleges for application purposes solely based on the published cost of attendance (tuition, room, board, books, fees, and other living expenses), because financial aid occurs with an offer of admission and considers an individual’s unique situation.

 

Tyler Burton, President , Burton College Tours

Families need to be very open about discussing how a student’s degree is going to be paid for. In this economy there should be no shame in having transparency between parent and child about how much money has been saved to pay for their education and the willingness and ability of a parent to contribute to a child’s degree. This discussion should take place no later than the summer between junior and senior year of high school. Students need to be able to determine if a school is an all around good fit before adding it to their strategic list of schools. Financial feasibility is a component of fit. The first step to learning about financial aid is learning about the bank of mom and dad.

 

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The Revolution Prep Team  

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