Planning for college is likely one of the most important financial moves a young person makes in his or her life up to this point. It can also be quite a daunting task. A recent NYTimes articles points out that “73 percent of undergraduates attending private four-year institutions received financial aid in the school year that ended in 2004, not even counting loans.” It is comforting to see that colleges are stepping up to help, but it’s still necessary to work your way through the confusion.
Southern New Hampshire University has put together this handy guide to help navigate the financial aid process. Very helpful and the visual elements really clarify some of the steps needed to figure it all out.
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The cost of education is rising on an annual basis, but this really shouldn’t prevent someone from attending college when there are so many options to help fund the expense. This guide should get you started and help to understand what kind of decisions need to be made.