Merit aid? Financial aid? Loans? Grants? Work Study? Can you appeal a financial aid offer (need based or merit) if it is not enough? Can you tell a college that another school offered your student more financial aid? When do you do that and what do you say? Is this the student’s responsibility or the parent’s?
Paying for college is one of the biggest economic challenges and sources of confusion that parents face. Once a college-bound high school senior receives a college acceptance (yeah!) and a financial aid award letter, it is time to understand exactly what financial terms colleges are offering. To help us with these questions, we met with Money Magazine senior writer Kim Clark who gave us the 5 Steps To Appealing Your Financial Aid Award and answered all our questions.
Here’s the video:
Photo credit (Trinity College): Decaseconds