By Jose Gomez
When will I receive my financial award letter?
It may take some weeks after being accepted into your college for you to get your financial award letter from your college. This is totally dependent on when you applied to the college and how long it takes the financial aid office to process your documents.
What if I don’t get enough financial aid?
Don’t worry! This may happen, and it’s a situation that can be handled in various ways. The first way to handle this situation is to contact your financial aid office directly either by phone call or email. Explain to them your situation as to why your financial aid award is not enough. While they will take it into consideration since as an accepted student they will do everything to keep you, results vary widely.
Another way to handle the situation is to apply for private scholarships! These can be helpful in times like these, especially because the money they give can be applied to expenses you are unable to pay. As I said before, go for the small ones, since those tend to have the least amount of applicants.
Finally, the least encouraged option is to take out loans. Loans are essentially borrowed money that has to be paid later in your life. While loans can get you out of a bad financial situation in the moment, please keep in mind that paying for loans over a long period of time can result in you paying more than was given to you.
So now what?
Well, this quick guide to financial aid doesn’t have all the tips and tricks, but it can help you on your journey towards the best financial aid package. While a lot of research was done to create this post, please don’t hesitate to contact us at (email) and (email) if there seem to be any errors. Thanks for reading, and we wish you the best on your journey!
Financial Aid Dictionary