Tuesday, January 8, 2013

Sources of Money: FinAid.org

On Tuesdays we review a source of financial aid available to help you pay for college

A woman stopped me in the hall. Her husband had returned to college with two years to go. She and he had three children. She reported that after taking our workshop—and working with a coach for several months—he had earned enough scholarships to pay for the last two years of college. The scholarships not only covered his tuition and books, but paid their rent, paid for a computer, and helped buy food each month.

FinAid Outlines Multiple Sources of Financial Aid

You access FinAid at http://www.finaid.org/ or by linking from our web site at http://goalsguylarry.com/?page_id=2805. The Monster Company, Monster Board job search site, sponsors the web site. Mark Kantrowitz publishes it.

The “About FinAid” pages states

“FinAid was established in the fall of 1994 as a public service. This award-winning site has grown into the most comprehensive source of student financial aid information, advice and tools -- on or off the web.

Access to FinAid is free for all users and there is no charge to link to the site.

FinAid has earned a stellar reputation in the educational community as the best web site of its kind. It's comprehensive, it's informative, it's objective -- and it's the first stop on the web for students looking for ways to finance their education.”

FinAid gives good information about a variety of financial aid types including

  • Scholarships: including the Fast Web Scholarship database and how to avoid scams
  • Loans including PLUS, Stafford, Perkins, and more
  • Savings including prepaid tuition 529 savings plans
  • Military aid from ROTC to aid for veterans
  • Other types of aid like lotteries, graduate or professional schools, and other innovative programs
  • Forms and instructions for filling out FAFSA and more
  • Calculators and other tools

Tips for Using FinAid

  • Avoid clicking on the Ads
  • Click on the “Site Map” to see a list of everything you can review
  • Click “Answering Your Questions” for articles, tips, FAQ, and personalized help

Thursday we list reusable materials so you can finish applications in 60 minutes or less

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