SENIORS:

It’s FAFSA time!

 The FAFSA (Free Application for Federal Student Aid) is the primary form used by colleges to determine eligibility for need-based aid.

 The FAFSA should be filed as soon as possible after January 1st of the student’s senior year and then yearly while attending college.

 The FAFSA collects basic information about both the student and his/her parents’ income and assets, and uses this information to determine an expected family contribution (EFC).

 The EFC is the amount that the student/family is expected to contribute towards that individual’s college expenses during the next academic year.

 The difference between the EFC and the total cost of attendance at your college of choice is known as demonstrated need.

 Colleges use this information to prepare a customized financial aid package to address the demonstrated need for each admitted student.

 The FAFSA process evaluates your eligibility for grants and loans, as well as self-help such as work-study opportunities.

 Only a small number of colleges guarantee to meet 100% of established need, so financial aid may not cover all of your expenses at college.

 Again, complete the FAFSA online at www.fafsa.ed.gov as soon as possible after January 1, 2012.

Senior slump!

 Recurrent outbreaks of “senioritis” hit America’s high schools each year, typically appearing when students return from winter break.

 Although colleges have contributed to the idea that “senior year grades don’t count” by admitting so many students on early/rolling plans, it’s important to remember that these same colleges want to see your mid-year and final grades.

 So if there are signs of an outbreak of senioritis nearby, you’ll want to limit exposure and/or carefully manage the infection – and thus prevent a nasty surprise letter from your first choice college.

StrategiesforCollege.com