Managing Your College Funds

Understand the Financial Aid Process

Get a quick review of the financial aid process
all summarized in 6 quick notes.


	Become Qualified view what's needed to qualify for student financial aid. Understand college costs, dependency status and expected family contribution (EFC).		Submit FAFSA Form students (and parents) must submit the FAFSA to start the aid process. The FAFSA is used by colleges and agencies to determine eligible aid amounts.
	Review the SAR the Student Aid Report (SAR) summarizes your FAFSA information and calculates EFC. Review it carefully for changes and corrections.		Get Award Letter colleges will use the SAR to determine your eligible financial aid awards. Compare your award letters among colleges to determine best aid package.
	Analyze Aid Options financial aid options include grants, scholarships, work-study, loans, state aid, community service, and other federal and private aid. View options.		Apply and Manage apply for scholarships, federal and private financial aid. Learn how to best budget and manage student funds to avoid getting into excessive debt.