This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Paying for College in a Post-Credit World

FAFSA and more: As you pull together sources of college funding, it's important to ensure that you've maximized the amount of federal aid for which you are eligible. By filing the Free Application for Federal Student Aid, or FAFSA, online, you'll receive help from the system and the opportunity to chat with a live support agent. Most importantly, the paperwork will be processed more quickly, meaning you'll find out sooner, rather than later, how much federal aid you may receive or if you made a mistake that needs fixing.

Your college also may have its own set of financial aid forms and requirements. Many private institutions, for example, use the CSS Profile to calculate financial need. The CSS uses different criteria than FAFSA for determining which assets, such as home equity, are considered when setting aid packages. Errors in either the FAFSA or the CSS Profile can delay or reduce the amount of aid you qualify to receive. Consider consulting your financial adviser for help in filing the forms accurately.

Scholarships and work study: Not all financial aid must be repaid. Institutions ranging from your college to the local chamber of commerce to organizations devoted to people from a certain ethnic background offer hundreds of thousands of scholarships each year. These range from a few thousand dollars a year up to full payment for tuition, room and board, and books. Search for scholarships via FastWeb Scholarship Search.

You may also want to consider having your student contribute to the cost of his or her education by working on campus. The federal Work-Study program helps students pay for education costs by providing part-time employment opportunities at participating institutions. To apply, just check the appropriate box on the FAFSA form.

Peter McDougall is a freelance writer who lives in Freeport, Maine, with his wife and their dog.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BAC $15.31 0.00%
C $51.00 0.00%
JPM $59.55 0.00%
WB $12.93 0.00%
AAPL $123.25 0.00%

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs