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College Answer provides a wide array of solutions for planning
and paying for college. College Answer guides visitors through
the entire process—from early planning and estimating, to
applying for federal and private loans online. Necessary QuickTools
are available for students and parents to plan for all aspects
of higher education. And, College Answer was named "Forbes Favorite"
for college planning four times!
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Now that you've decided to continue your education past
high school, the next step is to understand the costs and where
to get the money. This 5 Step Approach
advises you on school costs and financial aid.
Step 1: Understand school costs
Step 2: Determine eligibility for aid
Step 3: Complete the FAFSA
Step 4: Expect to pay
Step 5: Discover ways to pay
Step 1: Understand
school costs
Tuition, books, and laundry detergent-are some of the components
that make up your total cost to go to school. Also known as your
Cost of Attendance (COA). Get familiar with these charges so you
can be better prepared for the next step.
Learn more... •school
costs •
financial aid myths
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Step 2: Determine
eligibility for aid
To qualify for financial aid, you must meet the following requirements:
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Step 3: Complete the FAFSA
All students seeking aid must complete the FAFSA (Free
Application for Federal Student Aid). Most federal, state, and
many college programs get pertinent details from this form. And
your official Expected Family Contribution (EFC) is generated
from the information you provide on the FAFSA.
Learn more • FAFSA
• Ways
to Apply • Tips
• Deadlines
• Renewals
Step 4: Expect
to pay
Your Expected Family Contribution, or EFC, reflects the amount
your family is expected to contribute to your education, based
on family earnings, net assets, savings, size of family and number
of students in college. To determine your financial need, a school
will subtract the EFC figure from the school's cost of attendance.
Learn more • EFC
• Student
Aid Report (SAR) • Estimate
your EFC online
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Step 5: Discover ways to pay
Many options are available to help meet your college expenses.
Let's examine some of your choices:
Learn more • Other
ways to pay • Learn
about the loan process • Apply
for student loans online
*Bonus* get help computing the numbers College Answer offers easy
to use calculators--from
saving to repaying and estimating to budgeting college costs,
too!
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