College financial aid is a complicated issue, and it seems like there’s almost too much information out there, making it difficult to figure out what applies to your family’s situation. We’ve curated some resources here to try to simplify the issues, and so you can have a number of resources related to college financial aid all in one place.
- In the two videos below, we attempt to de-mystify how college financial aid works, and give you some tools so that you can arm yourself with the best information.
- This “Quick Guide to Financial Aid” from FastWeb gives you the terminology, so you understand what is meant by many of the terms we use to describe financial aid issues.
- This post on our blog encourages you to consider colleges that give merit-based aid – because all colleges do not. Students who don’t have top test scores and top grades can still get merit aid! You just have to know where to look. And we address how to find out which colleges give merit aid and which do not in our financial aid webinar, the video below.
This first video is our financial aid webinar. We did this live with our clients, who asked questions at the end, but we recorded just the presentation section. We clarify how the need-based side of financial aid works, while also giving you some tools to help determine which colleges give merit aid as well. This webinar is just under 40 minutes, and the power point presentation is attached below. It’s best for you to prepare to watch this webinar by visiting the College Board’s practice EFC calculator, here.
The second video is a podcast hosted by financial advisor Aaron Kirsch, who interviewed me about the ROI – return on investment – of going to college, and more specifically, choosing a specific price range of college over a lower cost alternative. The podcast is about 22 minutes.
Bottom line on financial aid – knowing how the process works is likely to reduce your stress and frustration – colleges tend to behave very similarly from year to year. The links in the presentation posted below are live, and as you saw in the webinar, we rely heavily on information we obtain from CollegeData.com because we trust its accuracy.
One of the most frequent questions we get about FAFSA, by the way, is how you can submit it to more than 10 colleges, because there’s only room for 10. To the right is our quick explanation-by-text! Most states require you to list one in-state school to be considered for state aid; you can find out if that’s true for your state here.
Here’s the power point from the college financial aid webinar:
Magellan financial aid presentation 2018
We hope that all of these resources help you understand how college financial aid works and how it might apply to your family’s situation.
As always, feel free to get in touch if you’d like a personal consultation.