Financial-Aid-Options-for-Students by ZakiMubarok

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									Financial Aid Options for Students

When it comes to financial aid for college there are primarily two
sources: privately funded financial aid and federally funded financial
aid. When applying for or receiving either you need to make sure that you
are fully aware of all the fine print involved. Most people find that the
expenses of college are much too great to afford without assistance of
some sort. If you are a parent chances are that you will some day face
the need to pay college tuition along with the worry of how on earth you
will manage to accomplish that goal.

The problem is that not every student who wishes to attend college
qualifies for either federally funded student aid or the vast majority of
scholarships that require either exceptional grades or a specific and
exceptional talent in order to receive. For those students thinking
outside the box may be necessary in order to receive the much needed
educational assistance or financial aid.

If you do not qualify for federal financial aid for your children, then
you may want to consider the benefit of other scholarship options. One
common scholarship option that is often overlooked is the ROTC program
that most universities offer. There is a price to pay for these
scholarships but many find that price provides valuable experience and is
well worth the education and the experience received during the process.
If your child is interested in the possibility of a military career or
becoming a military officer, this is a great way to go.

As a parent you may want to see what sort of, if any, flexible spending
accounts your state has set up that can help you set aside money for
college expenses for your children. Many states have these and there are
programs such as Upromise that allows you and others to dedicate the
spending from a credit card to be used as a 'match' program for your
child's college funds. While it isn't a dollar for dollar match of your
credit card spending every little bit helps. The real beauty of programs
like Upromise is that you can enlist the help of family in friends when
saving for your child's college educational expenses. Regardless, it is
never too early to begin saving for your child's college education and
these expenses seem to be rising exponentially.

There are many programs that exist to help minorities and women pay for
their educational expenses. Some of these scholarships are needs based
while some of them are solely merit based. On all levels competition is
fierce, however, if you qualify for any of these scholarships you would
be doing yourself a disservice not to apply for them. You never know when
your application might be the one that captures the attention of the
scholarship committee. The one thing you should keep in mind is to read
all the instructions, make copies of everything, and follow the
directions. You'd be amazed at how many worth applicants are denied
scholarships each year because they did not follow the directions on the
application properly. Another thing you should keep in mind is neatness.
You are much more likely to win a scholarship if the committee can
actually read your application.
There are many great opportunities for financial assistance when it comes
to college. The trick is typically in finding the great sources. Your
college's financial aid office is an excellent source of information for
financial aid as is your high school counselor. See what your options are
before you sacrifice the dream of a college education.

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