Saturday, September 15, 2012

How Not to Blow It With Financial Aid

The WSJ put this article together that provides some assistance for you parents or grandparents out there planning for a child's education.  Financial Aid is a complex weave that it hard to understand or get your arms around.

We will address education planning in our lecture this Tuesday.  However the focus of the WSJ piece is identifying the biggest mistakes families make in the aid process, and the best ways to steer clear of them.

Full WSJ article here

  • Earning too much at the wrong time
  • Letting the wrong family members hold college money
  • Making assumptions about what schools will offer
  • Not applying for all the aid you're eligible for
  • Figuring the "expected family contribution" is all you're paying
  • Going for the loan with the lowest interest rate
  • Thinking an aid offer is set in stone
  • Figuring aid will be about the same all four years

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