Thursday, April 2, 2009

Paying for College During Recession

By Jeffrey Kam

Paying for college in the recession just add problems and stress for both parents and students. The final step for applying for most of the students is the financial aid. Below are some steps that will help you to the financial aid that you need.

1) Don't panic over the money - paying for college is not a cheap investment. According to the College Board number the average tuition for a four year private college is $27,561, and public is $11,354. Tuition may be as high as $40,000 for Ivy League schools. Although these prices are very high, don’t panic, according to College Board, 70% of the students pay less than $9,000 for tuition per year.

2) Fill out FAFSA - In order to begin your financial aid, you have to fill out the FAFSA, form, about two weeks later you will receive a form that will need to be fill out with the expected amount the family is willing to pay.

3) Don't give up – College is one of the best investments, and it will have its returns.

4) Grades matter – The better the grade that a student have, the more options they can choose from, and receive a scholarship or a low cost to tuition for a college.

5) Apply to some schools that are affordable.

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