The financial aid appeal letter may be the most under-utilized step in the college admissions process.
Some families are finding new and innovative ways to save money regarding the high cost of college tuition. Scholarships and grants are one thing – but the inventive are often taking advantage of entirely unrelated conditions.
There are countless articles about the price of a college education. Their chief subject – tuition costs.
Yet many of these articles tend to confuse college tuition cost with the net cost of college – which is what you will actually pay for an academic year. That’s one of the main reasons all U.S. colleges are now required to include a "Net Price Calculator" on their official school website.
While they’re designed to help parents and students estimate the amount of financial aid they could potentially receive from an institution (thus estimating the "net price"), the actual benefit for families is perhaps not very meaningful.
You would be hard-pressed to find a parent who did not want to receive some sort of aid for their college-bound children, but far too many never even attempt to qualify. In fact, many people assume that if they make too much money or have too many assets, then they have no chance of receiving any college financial aid.
What does $35,000 in student loan debt do to a new college graduate?
Sometimes it means living with their parents, which can seem like a financial leash to both the graduate and the parents. For most of the graduates living on their own, they have to continue living on a college budget (or tighter) just to get by without having to take out more loans.
There’s actually a SECOND form of financial aid you might be eligible for, which can be responsible for handing you a great education at an even cheaper cost.
Would saving $10,000, $20,000, or even $50,000 on your child's education interest you?
Here's a list that could potentially save you tens of thousands of dollars, and also improve your child's chances of getting into an elite college.
(Full disclosure: There are some negatives about using this strategy. This is no free ride by any means. So I want you and your family to be armed with all the facts before deciding if it's in your best interest.)
Obviously, by the title of this article it's clear the strategy I'm referring to is Advanced Placement Courses (AP Classes for short.) This is not something new.
AP classes were originally created in the 1950's in order to give motivated kids the chance to earn college credit while still in high school.
We are going to cover some great strategies to help you get the maximum amount of money for your child's college education, where is the best place to start?
Let's talk about the key 5 deadliest financial mistakes almost every parent makes when trying to get money for their child's college education.