Understanding College Financial Aid

701 U.S. 1,Yarmouth ME 04096

10 January, 2023

Description

College pricing is much like airline pricing – almost everyone pays a different amount for their seat, whether it’s in the classroom or on the plane. Learn how colleges decide how much to offer in grants and scholarships, how financial aid works, and how to choose a college you can afford. Topics include: • New changes coming to the FAFSA • Types of aid: grants, scholarships, work/study, loans. • How do colleges decide how much aid to give? • Need- and merit-based aid, what's the difference, how to get it? • What do you need to know about financial aid applications: the FAFSA and the Profile forms? • Using net price calculators to estimate your cost after aid at any college. • Estimating the 4-year bottom line: how much will you pay for a college degree? • How can you estimate how much college debt you’ll need? • How can you decide if college debt is reasonable and affordable?