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Finance College
Attending college costs a lot of money. Very few of us have that kind
of cash lying around, and not all student-athletes receive full scholarships.
How does anyone pay for it all?
The basic steps of the student aid process are the same for everyone
looking for federal help in paying for postsecondary education. Your
status as a dependent or independent student affects financial aid eligibility
and student loan limits. Review the independent
student information to determine your status then follow these steps
for the financial aid process:
- Fill
out the Free Application for Federal Student Aid (FAFSA) to see
if you qualify for financial assistance from the Government. Use the
EFC
calculator to learn what the Government determines is your family’s
Expected Financial Contribution to your education expenses.
- Apply for as many scholarships or grant programs as possible while
waiting for the FAFSA response. EducationPlanner
can help and will let you create your own online planner.
- Review the Student Aid Report (SAR) to see what money would be
available. The SAR is the Government’s results from reviewing
your FAFSA.
- Apply
for loans (through the American Education Services Website) if
financial need still exists. Keep in mind that there are loans for
students and loans for parents, so review the information carefully
to determine which program can best help you.
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