4 Tips For Getting Financial Aid For Your College Admission

The college fees are increasing at about 6% every year. This is making it difficult for students to get into the college they want to. Getting financial aid is really challenging. Here are some tips that can help you get financial aid for college admission.

Find out how much you can afford

First, you need to find out how much you can afford. Calculate your Expected Family Contribution (EFC). You can apply for the need-based scholarship depending on it. You can apply for a subsidized student loan, grants or work-study if the EFC is lower than the cost of attendance. If you EFC is not considerably higher than the total cost of admission then you should apply for a financial aid.

Know the college aid policies

Find out what test scores and academic grades are needed to be eligible for aid. Many colleges offer merit scholarships. So, if your score is high on exams then you can apply for those. Do some research online to see if you qualify for any financial aid in any college of your preference.

Be aware of the scholarship deadlines

The deadlines for the scholarships vary. So, you need to know the deadlines. You should maintain a calendar and mark the deadlines for all the scholarships. You should apply for the scholarships well before the deadlines.

Take the SAT and ACT

It is advisable to take both SAT and ACT. In may need both the scores to meet the different requirements of colleges. Try to prepare well for these tests and get high scores.

You should be patient and do a thorough research on the different types of scholarships available. The competition is huge and so you need to have good test scores and academic results to increase your chance of getting a financial aid.