College Planning Virginia - Don't Lose Your Free Money For College
Business → Marketing & Advertising
- Author Mark Maiewski
- Published October 30, 2010
- Word count 412
"What am I going do?" pled the frantic voice over the phone. "I really
want to return to college but HOW am I going to pay for it? Can they take
away all the money they gave me my freshman year?" This frantic student had
just received her financial aid award letter for her sophomore year at an
out-of-state public university.
This time around all she was given was a loan. Her freshman year she had
received quite a bit of free money. Unfortunately, this family hadn't taken
the time to identify each award. Sure it was "free" money, but was the
free money based on merit or need and could she receive it again?
If it was based on merit, was it renewable - meaning she could receive it for
her freshman, sophomore, junior, and senior years? If it was renewable money,
what did she have to do to receive the money? Was it based on a GPA? Was it
based on a number of credit hours? Or was it based on a combination of these
two? Or is there something else entirely involved in remaining eligible?
If the money wasn't merit money, then it was need-based money. This kind of
free money was based on her family's income. As the family's income
increases, the student's need-based financial aid will decrease. If the
number of students in college decreases, then the student's need-based aid
will decrease as well. Any need-based aid cannot be depended upon for future
years.
Not identifying what money she would be able to "keep" for the remaining
three years of college led this family to make a very short term decision for
a long term need. Sure she can return to this university but the entire cost
will be covered by loans which have to be repaid at some point.
And remember, student loans cannot be discharged through bankruptcy. Her
family will also have to find parent loans and additional money in their
budget to pay these costs.
The explanation given for this choice was "But this college is such a great
match for me." Matching needs to include "paying for college". Just
like understanding your job's compensation, you need to completely
understand what money the college is offering and the limitations of each
award.
As for this student, the family is still struggling to decide what to do. The
cost, without a lot of help, is not doable. But transferring brings its own
set of struggles.
Mark Maiewski has spent the last 10 years showing students how to
successfully get admitted to college and keeping parents out of deep debt by developing a workable plan to get it paid. For three amazing free gifts on how to get started successfully in the college planning process, go to Mark's website at http://www.collegeplanningvirginia.com.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Why Gold Remains a Safe Investment in Kuwait’s Changing Economy
- Atish Kumar Singh: A Rising Star in Fiji's Marketing and Business Management Scene
- Business Growth with Ready Mailing Team's Comprehensive Regional Vice President Email List
- Key factors why eBay sales could drop
- The Impact of Artificial Intelligence on Digital Marketing
- Achieve Digital Success with BeKonstructive Marketing's SEO Consulting in Brisbane
- Introducing the HIIO Nax with 12000 Puffs: Spark the Extreme Flavor
- What Role Does Data Accuracy Play in Reaching Physicians Amid Shifting Market Trends?
- Pocket Option: Binary Candlestick Patterns
- Building a Strong Brand Fortress with SEO
- How Small Businesses Can Compete with Big Brands: A Guide to Thriving in the Digital Age
- The Impact of 3D Animation in Business: Enhancing Visual Communication and Marketing Strategies
- Steady Slope Marketing: Boost Your Business with Targeted Facebook Ads
- Steady Slope Marketing: Building Strong Brands for Lasting Success
- Steady Slope Marketing: Maximizing Growth with Google Ads
- Steady Slope Marketing: Building Custom Websites that Drive Growth
- Steady Slope Marketing: Unlocking Growth with Google Local Service Ads
- Steady Slope Marketing: Scaling Your Business for Long-Term Growth
- Steady Slope Marketing: Setting Up Small Businesses for Success in the Digital Age
- Steady Slope Marketing: Elevating Local Search Authority for Small Businesses
- How AI is Revolutionizing Marketing: A Game-Changer for Online Marketers
- Exploring the Impact of Marketing Strategies on Public Image: A Case Study of Epson and Prince Andrew's Challenges
- The Power of Persuasive Copy: Techniques To Boost Conversion Rates
- The Role of Content Marketing in Building Brand Awareness
- Are Gucci Bags Made of Animal Skin?
- What is the digital marketing strategy that tracks users across the web?
- How AI Can Elevate Your Sales Strategy
- Mastering Content for Content Marketing: Tips and Strategies for Online Marketers
- How Staff Augmentation Can Fuel Your IT Success
- Best AI Tools for E-commerce: Revolutionizing Online Sales with Smart Automation