Friday, April 1, 2011

What to do When Financial Aid Isn't Enough

Financial aid award letters can bring happiness or they can bring misery.  If you are fortunate, your college has offered you a sweet financial aid package that covers all of your financial need without too much loan burden.

If you are less fortunate, your college has offered you a financial aid package that leaves you facing a future of mounting financial debt.  Don't give up yet!  There are a few steps you can take to try to get a better deal.

1.  Contact the financial aid office at the college.  Explain why you believe you need more grant (gift) money to make it possible for you to attend that college.  You've been admitted and it is the financial aid office's job to help you find a way to afford the cost.  Colleges sometimes end up with a little more available money as students begin informing them that they will not be attending after all- make sure you get in line for any new money that become available.

2.  Request work study from the financial aid office if they haven't already offered it.  With work study you can get a job, earn money, and use that money to help you pay for your college expenses.

3.  Keep applying for scholarships.  There are still many opportunities.

4.  Compare the financial aid letters from all of the colleges that have admitted you.  They will be very different and you can select the college that offers you the best financial aid.

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