If you yourself has gone to college or your children are getting ready to go, you know how mentally exhausting Financial Aid can be. There’s FAFSA, grants, pell grants, scholarships, loans both subsidized and unsubsidized, and in the back of your mind you’re saying, “What the heck does all this mean? Where do I begin?” When I applied for all of the above, there were so many forms to fill out and sign. Then I had to decide which loans would benefit me, did I want private loans, or public loans, etc. My parents couldn’t help because they knew absolutely nothing about this stuff, I was the first in my whole family to go to college. Now, however, I’m happy to say that there is so much information out there for both students and their families to help make the right choices. Below is an infograph with all you need to know!
It’s wonderful to know that these resources are available for all of us. I would like to say to all of the graduating students of 2012 Congratulations! I wish you the best of luck, and please take a look at this graph for help! It will come in handy! Simply remember that the choices you make now will affect what you will pay back after you graduate college. The best part is that Southern New Hampshire University has provided the above infograph for everyone to take advantage of. So please use it and make educated decisions that will be beneficial to you now and in the long run!
Remember it can take years to pay off a loan. Although there are programs that can help you, if you do not know what you are getting into, it’ll be a long haul before you are out of debt. I’m still paying for my college loans! If I had known 11 years ago what I know today, I would have taken different steps and made better choices.
As parents what is your worst fear about your kids going to college? Is it the expense? I would love to know!
*Disclosure: This has been brought you by our friends at Souther New Hampshire University. To view my full disclosure policy, please click HERE.