College Financial Aid Breakdown
Have you recently received your college financial aid package?
College is increasingly so expensive that parents and their students are desperate for finding ways to help pay for it. I helped my son win over $100,000 in college scholarships and want to help you too. How did I do it? Read my story here.
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~ Monica Matthews
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Are you scratching your head trying to figure out what exactly is being offered in your college financial aid award package?
The confusion many parents and students feel when viewing their college financial aid awards comes from understanding what is free money (scholarships, grants) and what “aid” must be paid back (student loans).
Kim Kane, Director of Student Finance at Carrington College, explains:
Learning how to pay for college can be a confusing process, and trying to understand the different forms of financial aid when you’re balancing classes, tests and homework only causes more stress. To help you succeed, here’s a look at the differences between scholarships, grants and loans.
Use this infographic created by Carrington College to help you sort out your financial aid confusion:
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Really useful advice – it’s so confusing but so important to get your head around this stuff.
Yes, this visual really helps in the understanding of college financial aid. Thanks for reading!
Hey! Do you use Twitter? I’d like to follow you
if that would be ok. I’m enjoying your blog and look
forward to new posts.
Hi Kimberly, you can find me on Twitter here (@AidScholarship) 🙂