Scholarships and Financial Aid
Let's face it- no matter where you go for college or
post-secondary education, it's expensive. Very few families
have thousands of dollars in their back pockets. In order to
maximize your ability to pay for post-secondary education, we
suggest the following steps:
1. Save for
post-secondary education from DAY ONE (or, as soon as you
can)! 529 Savings Plans are a great
week to begin saving for college and receive state tax benefits on
top of it! Simply start an account and have an amount
witdrawn automatically each month. Even if it doesn't
completely fund your student's education, it is MONEY THEY WILL NOT
HAVE TO PAY BACK.
2. Begin doing your research
EARLY! Families often wait until the end of their
student's junior year or even beginning of senior year to think
about the right post-secondary "fit" and how to pay for it.
Exploring careers and college majors freshman year or even
earlier can greatly help in creating a viable plan that will
contribute to long-term success. A great book to read is The College Solution
by Lynn O'Shaugnessy.
3. File the FAFSA (Free Application
for Federal Student Aid). This is a MUST for
ANYONE possibly needing any federal or state aid, including grants,
work-study, and loans. This is completed the year before
beginning college and every year in college thereafter. For a
six-step process to filing the FAFSA, see here.
4. Apply for scholarships,
especially local ones. Many students feel the
time and effort to apply for scholarships isn't worth it. Our
response is, if you spent 10 hours applying for scholarships and
only received one for $500.00, you still MADE $50.00 a hour!
Again, this is money that does not have to be paid back.
Students can find local scholarships (best since there are
less applicants) posted on our senior
Schoology page and national or even international scholarships
from reputable websites such as scholarships.com, fastweb.com, chegg.com, cappex.com, or raise.me.
To view our 2016 Financial Aid Night presentation for seniors,
To view our Early Awareness presentation for freshmen-juniors,
USDOE College Affordability
and Transparency Center
FAFSA Changes 2016
How to create your FSA ID
Link to INvested (formally ISM College Planning): https://www.investedindiana.org/