Polaris Financial Strategies Group

Leslie E. Dunn
Managing Principal
2 Cardinal Park Drive
Suite 101 B
Leesburg, VA 20175
703-467-0370
Leslie.Dunn@polarisFS.com
www.polarisfs.com

 

February 06, 2020

Financial Aid for College
ABCs of Financial Aid
These days, it's hard to talk about college without mentioning financial aid. Yet this pairing isn't a marriage of love, but one of necessity. In many cases, financial aid may be the deciding factor in whether your child attends the college of his or her choice, or even attends college at all. That's why it's important to develop a basic understanding of financial aid before your child applies to college.
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Positioning Your Income and Assets to Enhance Financial Aid Eligibility
These strategies take advantage of the federal methodology rules about which family income and assets are counted in determining your family's expected family contribution (EFC).
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Finding the Funds to Pay for a College Education
Finding the funds to pay for your child's college education is like filling a test tube. The length of the tube represents the cost of education at any one school--tuition, fees, books, room and board, transportation, and personal expenses.
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Major Federal Financial Aid Programs
There are several federal financial aid programs that can help make college more affordable. These include loans, grants, and work-study.
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Comparison of Federal Higher Education Loans
Comparison of Federal Higher Education Loans table.
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Financial Aid Calendar
Here's a month-by-month breakdown of important financial aid dates.
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Refer a friend

The accompanying pages have been developed by an independent third party. Commonwealth Financial Network is not responsible for their content and does not guarantee their accuracy or completeness, and they should not be relied upon as such. These materials are general in nature and do not address your specific situation. For your specific investment needs, please discuss your individual circumstances with your representative. Commonwealth does not provide tax or legal advice, and nothing in the accompanying pages should be construed as specific tax or legal advice. Securities offered through Commonwealth Financial Network, Member FINRA/SIPC.



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