What should you be doing right now if you’re the parent of a college-bound student?
- Start visiting colleges and universities that your child is interested in applying to.
- Have your child take a good test preparation course to get a better SAT or ACT score.
- Start looking for private scholarships.
- Start setting up your income, assets, and personal finances to get the maximum amount of money from each school.
- Don’t procrastinate.
Parent’s FAQ About Financing Your Child’s Education
COA (Cost of Attendance)
-FC (Family Contribution)
= FN (Financial Need)
Also, they are not trained in filling out financial aid forms so they may fill them out improperly. These minor mistakes can bump your forms and cause delays. You will have to re-submit them and it will put you at the bottom of the list, causing you to lose time and probably thousands of dollars.
529 Savings Plan
The 529 savings plan is designed to assist families with saving for college. To learn more information you can visit www.path2college.com
- Find out what resources are available through the federal government by visiting their site for parents at: www.studentaid.edu.gov/resources/parents
- College Parents of America is an organization dedicated to providing scholarship resources free of charge. You may visit their site at: www.collegeparents.org