More Financial Aid Resources
Yesterday, I described the U.S. Department of Education's excellent Student Guide to Financial Aid 2005-2006. Today, let's take a look at some of the other excellent information resources available on the internet to help students and their families understand financial aid options.
If you are just getting your feet wet in terms of learning about financial aid, I recommend you read two excellent overview articles about financial aid to get an overview of terms and the application process. The College Board's How Financial Aid Works and How Stuff Works' Financial Aid Overview are both good places to start for a broad perspective.
Next, for the nitty gritty details, go to the FinAid site. This comprehensive all-in-one information site is worth bookmarking for its detailed information on financial aid options and topics. I particularly like FinAid's checklist of common errors to avoid when filling out financial aid forms such as the Free Application for Federal Student Aid (FAFSA). FinAid's free financial aid calculators are also very useful for getting an idea of how much you might be eligible for, student loan repayment rates, and various college savings plans. Similar information and calculators can be found on the College Board site.
Another site worth checking out is the U.S. Department of Education's Federal Student Aid Portal where you'll find not just information on applying for financial aid, but some excellent tips on identifying the right college as well.
Finally, if financial aid terminology starts making your head spin, the National Association of Financial Aid Administrators has a very thorough Glossary of financial aid terms available on its site, as well as additional useful information for parents and students.
