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Mark W Petro

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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Investments and advisory services are offered through Lakeland Investor Services, Inc., a Registered Investment Advisor. 11873 Oakland Beach Road, Conneaut Lake, PA 16316, (814) 382-6681. Insurance services offered through Lakeland Insurance Services, LLC and Mark W. Petro, an agent licensed in PA, FL, NJ, OH and VA. Neither Lakeland Investor Services, Inc. nor its agents and representatives can provide tax, legal or accounting advice. Clients should consult their own attorney or tax advisor about their specific circumstances.


This communication is strictly intended for individuals residing in the state(s) of FL, NJ, OH, PA and VA. No offers may be made or accepted from any resident outside the specific states referenced.
Prepared by Broadridge Investor Communication Solutions, Inc. Copyright 2022.