Rotarians were treated to a very informative, "insider" presentation as to how college financial aid and scholarship work.  Cozy's top two tips: Focus on the college's financial aid and don't waste time on pursuing private scholarships.  While this seems counter-intuitive, Cozy went on to explain that many schools reset outside aid with the aid they are giving, so many times it does not help the student, but actually can harm the financial aid awarded.  Some other great information:

 

1.  Look for colleges that offer merit aid.  Many of these colleges have formulas they use to calculate aid so it is worth filling out your FAFSA, ensure you have a great essay that makes your student unique, show that your student has a demonstrated interest in attending a specific college/university, and follow that school and professors on social media.

 

2.  Attach your search like it is a business.  Continuing education IS a business and there is a lot of money swirling around in these businesses.  Interview schools and programs, understand your ability to appeal financial aid packages, and be sure your student finds the style of school that fits.

 

3.  Assure you have a strategy to pay for college and talk to your students about this.  Plan, define expectations, leverage best financial options, and discuss with your student.

 

College Inside Track does offer a free family consultation.  If you would like more information, please email Cozy at cwittman@collegeinsidetrack.com or call her at 612-850-5729.

 

For a copy of the presentation, click here.