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[ return to Finance Articles ] [ article search ]  Priceless Advice from Financial Aid Experts |
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Page 1 next page >> We asked the questions you want to know to Financial Aid experts from across the country. Dart Humeston is the Assistant Dean of Enrollment Services and Director of Financial Aid at Barry University in Florida; Franklin E. Loncorich is the Director of Financial Aid at Saint Cloud State University in Minnesota and Terry Tagaloa, Assistant Director, Office of Student Financial Aid at San Francisco State University. Plus, we discovered some costly misconceptions about financial aid. Q: When should prospective students and their parents begin thinking about the financial aid process? Dart Humeston: " At birth. Seriously, in their junior year of high school they should start the discussion about money with their parents and also start investigating scholarships and colleges." Franklin Loncorich:" I will provide you with a long range and short range answer. Parents should be thinking about financial aid for their son or daughter when they are in elementary school. The short-range answer is late fall of the student's senior year in high school. Federal financial aid forms cannot be submitted to the federal government until after January 1 of each year. Families should complete their federal income tax return prior to attempting to complete the financial aid application forms." Terry Tagaloa: "They should begin thinking about the process in October the year before they plan on attending. Usually, high schools and/or colleges will have FAFSA workshops to get prepared and what to expect." Q: When should students start looking for scholarships? Terry Tagaloa: "They should begin also in October the year next page >> |
