The goal of the “I am College Bound” campaign is to provide New Hampshire high school students with the inspiration, information and planning support to pursue higher education goals. The Center for College Planning team especially encourages low-income students, their parents and their mentors to recognize that New Hampshire campuses and the U.S. Department of Education offer strong financial aid programs which enable eligible individuals to access financial assistance in paying for education beyond high school. To inform, engage and grow public awareness about financial aid programs, students are incentivized to share content with friends and peers within their networks through monthly promotions. Learn more about New Hampshire's “I Am College Bound/I Applied” initiative for high school seniors here.
Understanding the World of Financing the Cost of College
The holidays are over and you are back in school for your last semester of high school. The countdown is set on your calendar until the day where you walk across that stage at graduation. As each day goes by, you are patiently waiting, waiting to see if your “dream” college is going to be affordable.
In order to determine this very important factor you will need your financial aid packages, also known as financial aid award letters. As much as the counselors here at the Center for College Planning (CCP) would love to tell you that these colleges and universities will give you all the financial aid you need, that is simply not the case for most students.
The beauty of the financial aid award letter process is knowing that you – and your family – will have multiple options. You will only receive a financial aid award from colleges you have been accepted to, and each award will look a little bit different. After looking at the costs of several institutions it can leave you wondering how you are able to afford a college education. Financial aid can make the most expensive college affordable.
Remember, most students do not pay the full “sticker price” of the college they attend. When it comes to paying for college, money is available in the form of grants, such as a Pell Grant, fixed interest loans, such as your Federal Direct Stafford Loans, special merit or need-based scholarships, and work-study programs. However, it is important to note that families are still expected to contribute to the costs of higher education. Family contributions can be met through a variety of options including: tuition payment plans, savings, Federal Direct PLUS loans, and private student loans. To learn more about each one of them, click here.
The conversation at home or with your school counselors about your financial aid award packages may be difficult. Keep your eye on the prize – there is a path to a college degree that is right for you! Our college counselors at the center for College Planning are available for individual appointments to help you and your family compare your award letters and to offer assistance with potential funding options. Call us today at 888.747.2382, x119 to schedule your free 60-minute appointment.
February’s I Am College Bound Promo:
True or False: Federal Work Study (FWS) is a form of financial aid which comes directly off of your tuition bill. (For the answer to this month’s question, please click here.)
Participating New Hampshire students have the chance to win one of two (2) $25 Amazon gift cards this month!