Can You Have More Than 1 Per So.Pn Amazon Prime.Music What Guidance Counselors Failed To Tell You About Scholarships, FAFSA And Your EFC

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What Guidance Counselors Failed To Tell You About Scholarships, FAFSA And Your EFC

Scholarships can be a great help for any college student, but high school students need to be realistic about their expectations and learn how to be more likely to achieve them. Unfortunately, most high school counselors can’t set aside enough time for the individual attention needed to make this happen. When it comes to FAFSA and EFC strategy, most guidance his counselors are hesitant to even discuss the topic.

The guidance department is usually overworked, especially with high school seniors nearing college acceptance, financial aid, and graduation. Financial aid, parental wealth, taxable income, and other personal family information topics Due to confidentiality issues and job description boundaries, it is usually left alone.

So how do we learn what to do and what not to do?

Scholarship: Parents and students need to be realistic about their expectations when it comes to scholarships. All schools are different and private schools are generally more expensive but offer more scholarships, grants and merit aids. Here we will mainly tell you what you need to know about her two types of scholarships.

Merit Scholarship: If the average student attends a school that offers merit scholarships for above average grades, the average student will not receive merit scholarships unless they perform exceptionally well on the SAT or ACT. Students with above-average grades and test scores can get a very good merit award covering more than 50% of the tuition fee.

Private Scholarship: If a student works hard and applies for a minimum of 15-30 different scholarships each year, the average applicant can expect to receive between $500-$2,000 annually in private scholarships. Obviously, the more they apply, the more likely they are to succeed. And once they stand out from the crowd, their success rate can increase dramatically.

If a student takes about an hour to apply for a scholarship, it will be $33 to $66 per hour. Part-time jobs that pay that much are hard to find and are usually tax-free.

Preparation for FAFSA: The Guidance Department does not typically engage with financial assistance forms with parents or students. They may invite guest speakers or representatives from the local university financial aid office to outline the procedures, but these are usually very general in nature.

Learning the ins and outs of the financial aid form can be a nightmare the first time you file, but it should get easier each year or when you have multiple kids. Check out the article. I also have a few articles of my own that go into detail about FAFSA and some common mistakes to avoid.

EFC strategy: Another area that guidance departments tend to avoid is the specific strategies families can employ to reduce expected family contributions and increase financial assistance offers. The problem here is that most of these steps have to be done by her December 31st of the year before the student graduates, and many families realize it too late or procrastinate. and is not ready.

EFC reduction strategies capable of reducing adjusted gross income and minimizing subsumable asset levels usually require pre-planning to reach the most effective levels. For most families, this time frame can take several years before a college decision is required.

overview: As you can see, decisions surrounding the financial aid aspect of colleges require advance planning and some effort. In high school, it would be better to start college planning with students and parents when they enter her 9th grade rather than 12th.

If you’re looking for additional ways to get the most out of your financial aid and cut down on the high costs associated with college, you can download it. Free College Cost Savings Kit Please click here. It’s completely free to download, print, and share with friends and family. We are sure it will help you start the saving process now.

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