Financial Aid: An Important Step
How Ketterman College Funding can help
Creating a plan to pay for your child’s college education is not a simple task for most families. There are many common mistakes that could cost your family thousands of dollars when applying for financial aid.
The FAFSA Form
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The CSS Profile Form (College Scholarship Service Profile)
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Other Financial Aid Forms
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If you are filing for financial aid without professional assistance, here are some tips to remember: |
File Forms Accurately and On Time!The biggest mistake a family can make is NOT to apply for financial aid, regardless of how much you make. Not all financial aid is need based. Different types of financial aid include federal aid, state aid, scholarships, grants, and loans.
Know your EFC!Colleges award financial aid based on how much a family is in need by calculating the family’s EFC (Estimated Family Contribution). Cost of College – EFC= Need based financial aid.
Know your School!Some schools meet 100% of need with gift aid while others meet only 30-50% or less with gift aid and the rest in work-study or loans. It is imperative to know this statistic when choosing your list of schools.
Negotiate!You must decide whether or not to accept the first award letter from the school. Some schools will mis-award, under-award, or compete with other schools. If you sign an award, that decision is binding. Be prepared to contact a financial aid office to appeal an award.
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Visit us at KettermanCollegeFunding.com for all the details.
"... I would like to thank you for all your help and guidance with our son's and then our two daughters' college financial planning and college application questions. We were able to qualify for much needed aid. Step One - love and raise your kids, Step 2 - hire Ketterman Funding when college time rolls around." |
Send us a message or call us direct at (310) 563-2109