Financial Aid Countdown: Junior Year

By Peterson's Staff updated on Monday, October 14, 2013

To max your chances of receiving student financial aid, you have to start early. The junior year is the time to begin making a list of colleges. Think BIG. Don't let location, size, or costs limit you. If you have a dream-school list, that's great. If it's in your head, write it down!

Once you've created your list, look into the following:

  • Admission and student aid application deadlines
  • Tuition costs for in-state or out-of-state students
  • State, federal, and school aid programs based on both need and merit
  • Any unique deals, such as first-generation and community-service awards
  • The average annual cost increase of tuition, fees, and room and board


Throughout the junior year, focus on the following to ensure that you get in and get the money you need to pay for it.

Fall: Explore financial aid

Get ready for your tests
Make sure to take the PSAT. Not only is it great practice for the SAT, it can also qualify you to compete for a National Merit Scholarship!

TIP: Recent articles have stated that some colleges are allowing alternatives to standardized test scores. Some institutions will accept high school grades in lieu of SAT or ACT scores. Check with the institutions before you plan your test dates! (But either way, take the PSAT.)

Check out financial aid nights
It might not be exciting, but you'll learn all kinds of great stuff and gather important financial aid information that will help you pay for college.

Start looking for scholarships
Think of your search like a game — with prizes! Good places to start include the Web, your parent's employers, religious institutions, local organizations, and your guidance office.

Winter: Build your student aid credentials

Start your SAT or ACT prep
It's not too early! A lot of scholarship competitions and college grant programs use test scores to screen applicants.

Build a portfolio
Start keeping track of all of your successes. It's easy to forget little things, like marking periods on the honor roll, or winning a prize in the freshman science fair. By keeping track, you'll feel good and remember what you've done when it's time to apply for awards.

Spring: Gather more financial aid information

Visit your friendly student financial aid counselor
While the financial aid for college process may seem like it's all paperwork and waiting, it should be a face-to-face process. Visit an aid counselor on campus and ask to have an early aid estimate. It's best to know your situation a year ahead, rather than a few months before enrollment.

Take the SAT or ACT
If you reach your score goal, the test will be out of the way! If not, you'll have plenty of time to study for the fall sitting.

Summer: Prepare your own financial aid for college

Work it
Squirrel away as much money as you possibly can. You'll thank yourself later.

About the Author

Peterson's has more than 40 years of experience in higher education, and the expert staff members here are all ready to leverage their considerable knowledge and experience to help you succeed on your educational journey. We have the information, the know-how, and the tools -- now all we need is you!

More articles by this author
Petersons's can help you find scholarships!
  • 5 thousand scholarship providers
  • 1.5 million awards available
  • $10 billion worth of awards
Answer a few questions to get started
1What type of student are you?
2Are you currently in high school?
3Will you study full or part time?
4What type of institution?
0 Scholarships Found

Colleges you might like...

Forgot Your Password?

To reset your password, simply enter your email address in the field below and click the Reset Password button. You will receive an email with a link and instructions to reset your password.

Check your email.

Please check your email and click on the link provided in the message to reset your password.