The process for applying for need-based financial aid has changed, and the FAFSA, the core document needed to be considered for any money based on your family financial situation, will be available in the middle of December. As a result, we thought this step-by-step guide might be helpful.
FAFSA is going through many changes to hopefully make the application process less complicated. The 23-24 FAFSA window will open in the middle of December with a date to still be announced.
Here is an update on the new process from Sallie Mae
THE STUDENT’S RESPONSIBILITIES:
Each student who has been awarded a package has the right to accept or deny any specific parts of the financial aid offered by each college and university. The student and parent should review the awards from all colleges before determining whether or not they are financially feasible to manage.
THE PARENT’S RESPONSIBILITIES:
Teach your student fiscal responsibility. While it is perfectly acceptable to call a college financial aid office and politely ask if there could be additional money available for your student, remember that one answer may be “No.” Many colleges put forth their best package first, but others may find additional money as other students decline their offers in the spring. It is possible that you may have to tell your student that some colleges are simply out of reach financially.
A WORD ABOUT PRIVATE LOANS:
When you read about individuals who are leaving college with over $30,000 in student loans, please know that they have used private sources for college money. The current maximum amount of money a student can borrow from the federal government for an undergraduate degree is $27,500. Some private financial sources prey on uneducated consumers who are simply trying to secure a college education; please consider the repayment schedules of any loan you take out!
Any scholarship information that comes to Tremper is included on the Tremper Homepage. Also, students can go to their Xello dashboard and look at the Financial Aid Tab. Whatever you do, don’t pay anyone to fill out the FAFSA or to be considered for scholarships!
ADDITIONAL WEB RESOURCES:
Basic need-based financial aid information can be found here: https://studentaid.ed.gov/sa/types
We also like:
Remember, your Tremper post-high school counselor is always happy to help!!
Local Scholarships – http://www.kusd.edu/scholarships
FAFSA (Free Application for Federal Student Aid – https://fafsa.ed.gov/
*and don’t forget that your Xello account can be used to help with this topic!