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Financial Aid Tip of the Month, September 2012

Tuesday, 09 04, 2012

Tim Ballard
(502) 696-7372
tballard@kheaa.com
http://www.kheaa.com/

If you’re planning on going to college, following these tips from the Kentucky Higher Education Assistance Authority (KHEAA) may help you receive more scholarship dollars.

·         Complete your Free Application for Federal Student Aid (FAFSA) as soon as possible after January 1. The FAFSA is used to apply for state and federal student aid. File online at www.fafsa.gov for the fastest response.

·         Look for local scholarships in your newspaper. Community organizations and businesses may have scholarships reserved for local students.

·         Talk with your school counselor, who can tell you about financial aid and where to find it.

·         Talk with a financial aid officer at the school you plan to attend. He or she can tell you about any aid the school has available.

·         Find out how to reduce student loan costs. Most financial aid packages include student loans. Take out loans only after you have received all the free aid — grants, scholarships and work-study — for which you qualify. Federal student loans are generally better deals than private loans, but compare interest rates and repayment terms carefully.

·         Visit websites with free information about college, financial aid and careers.

·         Be a neat freak. Neat and complete counts when you’re filling out applications.

·         Apply, apply, apply. The more financial aid for which you apply, the better your chances of getting enough aid to pay for college. Make sure you meet all deadlines.

KHEAA is the state agency that administers Kentucky’s student aid programs, including the Kentucky Educational Excellence Scholarship (KEES). To find links to other useful education websites, go to www.gotocollege.ky.gov. For more information about Kentucky scholarships and grants, visit www.kheaa.com; write KHEAA, P.O. Box 798, Frankfort, KY 40602; or call 800-928-8926, ext. 6-7372.

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