Have you planned Financially for College?
Your child’s college tuition could be one of the largest expenditures you ever make. And, if you have more than one child, the financial commitment is even greater. The financial challenge you face is shared by millions of others. Fortunately, American families with a desire to save for future college expenses now have more options than ever before. Traditional investment options-savings accounts, taxable investment accounts, annuities, and U.S. Savings Bonds-are now joined by more recent investment vehicles including Section 529 college savings programs and education savings accounts. New investment programs bring new opportunities, but they may make decisions more difficult for people who want the best education possible for the children in their lives.
Financial Stud offers the “College Money Bag Program” where we will help you gain a basic understanding of your options so that you can maximize the return on every dollar you set aside for a child’s future. We also cover extensively the ever increasingly popular -529 plan,- the most Cutting-Edge college savings and investment vehicles.Remember, even if your goal seems overwhelming now, the proper planning and saving can put the cost of any college within your reach.
Act NOW For Money For College! Scholarships, grants, work for college programs and internships that pay for schooling are classified as the best sources because they are not loans and there is no payback. Because when it concerns the best sources, money is limited and dispersed on a first come first serve type of basis.Be wise and start finding information about available scholarship programs and grants while there is no rush. It is actually best to rack various scholarships for high school students. Know what’s out there and be ready to get your applications in early. And of course, since you’ve done your homework qualifying won’t be a problem.
Financial Aid is funds/money provided to students and the family to help them pay for the student’s education. Financial aid comes from a variety of sources, such as:
Federal and State Governments Private Agencies Colleges Associations Civic groups Corporations and Other Companies Charitable organizations Churches Corporations Philanthropists Family Funds What Types of Financial Aid Are Available? There are Five basic forms of financial aid provided by financial aid sources:
Family funding – these are funds provided by the family of the student. Scholarships – financial aid that does not have to be repaid. Grants – financial aid that does not have to be repaid. Federal Student Loans – funds back by the federal government that students or parents borrow that must be repaid with interest. Work study – students work and earn wages to help pay for school. The jobs are usually arranged by the schools and can be on or off campus jobs. Private Student Loans – funds not backed by the federal government that students or parents borrow that must be repaid with interest.-
Are There Any Alternative Forms of Financial Aid?
Yes there are! We discuss these little known alternative methods in our -College Money Bag Program”. There are so many ways to fund your educational dreams and the Financial Stud will show you avenues you probably never thought of.
It depends on the financial aid source. For federal financial aid and most other sources, it starts with completing an application for admission to the school(s) of your choice and then applying for the federal financial aid programs by completing the FAFSA. The FAFSA is available online atwww.fafsa.ed.gov. Worksheets may be obtained from your local high school guidance office, college, or the FAFSA web site. If you do not have access to a computer, computers are available at most campuses.
Complete the FAFSA as soon as possible after January 1 of each year. There may be delays if you wait. For instance, those who apply by March 15 are more likely to be awarded campus-based aid. Those who apply after March 15 will be considered only if funds are still available.
Since you need information from your tax return from the previous year, you’ll want to file your taxes early. Once you have completed your taxes, complete the FAFSA Worksheet, then complete the FAFSA online and submit it. When you do not have pin numbers, be sure to print the signature page, sign it, and mail immediately to the address found on the bottom of the page. If the application is not signed, it will not be processed.
After you complete The FAFSA Application…you will receive a confirmation by e-mail. If not you will receive it by mail. At the same time each school listed on the FAFSA will be sent a copy of your report.
Call the Federal processor at 1-800-433-3243 if you do not receive a copy of the report. Review your report carefully to make sure there are no mistakes. If you find an error, your school can help you with the correction or you may send it back to the processor yourself or go online towww.fafsa.ed.gov and make corrections.
I hope this article helps in your discovery to filling your College Money Bag with Smart Cash. If you want to get more specific information on how to Get Money for College, you may want to look into the College Money Bag Program.