Monday, February 16, 2009

Ways to Boost Your Financial Aid

Posted by Shu Zheng

Sure, most students would much rather party, shop or veg out this holiday break, but if they want to land enough financial aid for the upcoming school year they’ve got some work to do.

The number of students seeking financial aid jumped by some 16% for the 2008-2009 academic year from the prior school year, according to Kalman Chany, president of Manhattan-based Campus Consultants, which provides financial aid assistance to college students and their families. Chany predicts that those numbers will only continue to grow in 2009.

For students seeking aid, success hinges on two main factors: filling out applications early and thoroughly. “One wrong answer can mean the difference of thousands of dollars of aid,” says Chany. And with the clock ticking on most financial aid forms, this is one assignment you really shouldn't procrastinate on.

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