Understanding Scholarships
Paying For Your Child’s College Finances— Guide For Parents On Student Loan, Scholarship, And Grant Let's suppose that you have a child who will be graduating soon from high school. Of course, you will feel happy, just like any proud parent who have their children graduating from high school. It is one of the challenges of life that you have successfully surpassed, despite of the financial instabilities that you have probably experienced. It is time to celebrate, for you have fulfilled your responsibility of giving your child a bright future.
But as many would say, a high school graduation is not the end. In fact, it is just the beginning of tougher challenges that awaits you and your child in the succeeding years—college education.
At this point, you should start thinking about how you will finance the studies of your collegebound child. With the increasing cost of tuition fees, you need to plan ahead of time to avoid any misfortune, especially if you have experienced how to be financially-needing. You know how hard it is to have both of your hands tied-up against the increasing cost of your child’s high school education before. The sooner you start planning for the college education of your child, the less you will encounter financially-related problems later on.
If you think you will be faced again with financial problems, it is important that you know the different financial aid programs available for your college-bound child. Continue reading and learn the financial aids to lean on to:
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Grants- it is the first type of college financial aid that you can apply for. It simply requires
you to complete a FAFSA (Free Application for Federal Student Aid) form. Once the application has been sent, it will be evaluated and if your child will qualify, he/she will be entitled to the full amount of what he/she qualifies for. At this point, you need not do anything much further except to provide the name of the college or university your child wants to enroll to.
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Scholarships- although scholarship is commonly intended for students who have the
“brains” but do not have the “fortune”, not all college scholarships are bounded to academics. Students who do not have the best academic record can still qualify to other multitudes of
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