Demystifying the Financial Aid Award Letter—Part 2
More than likely, unless you demonstrate exceptional need, you will have to take out some form of student loan. Here, I will discuss the smorgasbord of options you can choose from when making this important decision along with the benefits and drawbacks of each type of loan.
Demystifying the Financial Aid Award Letter—Part 1
Opening your financial aid award letter can be one of the most nerve-racking moments in the entire college application process. Over the last few months, your child has diligently researched a number of prospective schools based on academic eligibility, extracurricular offerings and, of course, where they rank among competing institutions based on your child’s intended major. They’ve invested hundreds of hours in preparing for entrance examinations, college research, and crafting that ever-important personal statement. Now, in as little time as it takes to tear open an envelope, they are about to uncover the results of all their efforts.