Magazine article Careers & Colleges

Financial Aid Made Easy

Magazine article Careers & Colleges

Financial Aid Made Easy

Article excerpt

With college funding at its highest level over, now is the time to get your share.

This year, the good news for college-bound students is that the amount of financial aid available (including tax relief) is at a record high of more than $80 billion. Both the federal government and the states have significantly increased their funding. Because of such aid, the College Board reports that more than half of the nation's students at four-year institutions are paying less than $4,000 a year.

One of the biggest mistakes students and their families make, however, is assuming that they will not qualify for a piece of the financial aid pie. The fact is, the road to college is lined with a diverse range of financial aid programs, and some are available regardless of family income and need (such as the unsubsidized Stafford Loan). In the past, financial aid generally was reserved for the neediest students. But the system has been changing. …

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