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Parent's Guide to FinAid

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If you're the parent of a student, you'll want to visit these pages:

Step One: Create a Savings Plan

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Step Two: College Approaches

  • Determine how much aid your child will need and how much your family will be expected to contribute with the Financial Aid Estimation Calculator.
  • Maximize your eligibility for financial aid with tips like reducing your savings account by paying off credit card debt.
  • Encourage your child to search for Scholarships -- it takes only a few minutes and it's free.
  • Your child won't be able to pay for college entirely on his or her own. Low cost Parent Loans provide education financing that can help you manage your cash flow.
  • Private Loans can provide additional money.

Step Three: Apply for Financial Aid

Step Four: Still Have Questions?

  • Confused by all the terminology? See the glossary.
  • Still have unanswered questions? Read the FAQ, a collection of answers to frequently asked questions. If you can't find an answer there, Ask the Aid Advisor lets you submit questions to financial aid professionals across the country.
  • If your child has just been admitted to college and you haven't done any advance planning, see FinAid's collection of last minute tips on finding money for college. See also our tips on budget cutting.

If you need money for private school tuition (K-12), don't miss the Private Schools site, which includes a section on Financial Aid for Private Elementary, Middle and High Schools (K-12).

FinAid also has a guide for parents of newborn and young children and tips for grandparents on helping their grandchildren pay for college.

 

 
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