Student loans
|
Financial aid
Bookmark this page
Follow Us:
Search Bankrate.com
Search
Home
Compare Rates
Calculators
News & Advice
The Lighter Side
Blogs
Mortgage
Refinance
Home
Equity
CDs &
Investments
Checking &
Savings
Auto
Credit
Cards
Debt
Management
Insurance
College
Finance
Retirement
Taxes
Find rates
Mortgage
Home Equity
100 Highest CD yields
100 Highest MMAs
Credit Cards
Auto
Checking
Insurance
College Finance
Personal Loans
Credit Unions
advertisement
College Financing Basics
Print
E-mail
college
Timeline for financing a college education
«
1
2
»
Table of contents
Chapter 1: Sizing up the challenge
Chapter 1: Sizing up the challenge
The rising costs of college
See all stories »
Chapter 2: Building a college fund
Chapter 2: Building a college fund
529 savings plans
See all stories »
Chapter 3: Last-minute financing
Chapter 3: Last-minute financing
Reduce contribution, increase aid
See all stories »
Chapter 4: Where to find the money
Chapter 4: Where to find the money
Federal loans and grants
See all stories »
Chapter 5: Paying off student loans
Chapter 5: Paying off student loans
Repaying your student loans
See all stories »
January
Complete family taxes as early as possible because you'll need to submit the tax return for the previous year with your Free Application for Federal Student Aid (FAFSA). The Department of Education uses the FAFSA to determine a student's eligibility for federal and state funds. As soon as tax returns have been filed, submit the
FAFSA
online.
February
Continue filling out financial aid forms for prospective schools, as well as scholarship applications according to your deadline calendar. Though you have already filled out your FAFSA, some colleges have additional paperwork you must submit to request financial aid.
As you submit these forms to various colleges, follow up to make sure all paperwork has been received.
Keep looking for more scholarships. Churches, civic organizations and philanthropists could be possible sources of funding.
Check in with a high school guidance counselor to see if more scholarship opportunities have come in.
March
Follow up on any scholarship applications submitted in the fall if you have not yet received an award notification.
By now you should have received your Student Aid Report (SAR), which summarizes the data you reported on your FAFSA. Check it to make sure it is accurate.
If there are mistakes or if you have not received your SAR, contact the
Federal Student Aid Information Center
.
April
Continue to follow up on scholarship and financial aid applications you've submitted. Look out for responses to applications in the mail.
Look for acceptance deadlines on any scholarship or financial aid awards. The student might have to formally accept the scholarship or financial aid by a certain date.
Compare the amount of financial aid awarded to the cost of tuition.
May
Fill out
student loan
applications if loans are part of the student's financial aid package.
Continue following up on scholarship applications if you have not yet received notification.
If you do receive additional scholarships, let the student's chosen college's financial aid office know about them. They might adjust the financial aid package that they offer accordingly.
June
Keep looking for scholarship opportunities being awarded by local businesses and groups.
Get a summer job to generate more money for college.
July
Continue looking for last-minute scholarship money or look for scholarships that can be applied for in the fall to help pay for the student's second year of college.
August
Look for back-to-school sales to help pay for school supplies.
Start packing.
advertisement
Related Links:
Repaying your student loans
How do I: Open a 529?
Education-savings plans
Related Articles:
What to know about FAFSA
Prepaid tuition flawed
529 withdrawal options
Bankrate.com's
corrections policy
Posted: April 1, 2005
«
1
2
»
Compare College Finance Rates
»
Student loans
Stafford Loan Rate - in school
Stafford Loan Rate - after school
Plus Loan
Private Loan
30K FICO-based Home Equity Loan
Find a 529 plan by state
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
D.C.
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
More states
Compare Student Loan Rates
-- select --
Stafford Loan Rate-in school
Stafford Loan Rate-after school
Plus Loan Rate
Private Loan
30K FICO-based Home Equity Loan
Stafford Loan Rate-in school average
6.80%
About our rates
advertisement
About this index
Student Loan Averages
Product
Rate
+/-
Last week
Stafford Loan Rate-in school
6.80%
6.80%
Stafford Loan Rate-after school
6.80%
6.80%
Plus Loan Rate
8.50%
8.50%
30K FICO-based Home Equity Loan
6.43%
6.28%
View rates in your area:
By
Dr. Don Taylor, Ph.D., CFA, CFP
Ask Dr. Don
»
college
When in Rome, start 529
A family living in Rome half of the year can use several college savings vehicles in the U.S.
View more Bankrate Advisers »
Bankrate on Facebook
<!--iframe-->
advertisement
College Finance Quick Links
Most popular
Recommended
CSS Profile: How to maximize financial aid
Save for college with savings bonds?
Can I consolidate student loans?
12 canny tips on college financing in 2012
CSS Profile: How to maximize financial aid
Save for college with savings bonds?
7 lesser-known financial aid programs
Can I consolidate student loans?
Partner Center
advertisement
Picky about what you read?
We'll send you our latest news on the topics you choose.
Sign up now! It's simple. »
Subscribe:
RSS Feeds
advertisement