You have reviewed the financial aid award letter and are concerned that your savings and grant package are not enough to cover your education expenses. There are options to get the funding you need.
- Pursue scholarships
It may not be too late to apply funds might still be available. Your chosen course of study could even have something to offer. Talk to your school's guidance counselor and take another look at sources such as Sallie Mae's free scholarship search.
- Consider benefits from your parents' employers
Look beyond tuition and scholarships: There might be workplace programs to lower the cost of computers, insurance, or travel.
- Investigate tuition payment plans
These plans could spread tuition expenses out over the year. Contact your school's financial aid officer (FAO) for information.
- Verify that any special circumstances were considered
If you are unsure, talk with the school's FAO about your situation. If anything has changed since you filed your FAFSA, let them know as you could qualify for special circumstances.
- Last - but not least
Consider other student loans.
WHEN YOU NEED A STUDENT LOAN
There are student loans beyond those listed on the award letter:
- Your parents may qualify to borrow up to the total cost of your education minus any aid received with the Federal Parent PLUS loan.
- Private student loans are available.