6 Last-Minute Strategies to Pay for College

"With college classes starting soon, ideally you've made all your payments and are ready to settle in. But if you're still looking for financial aid to help cover your tuition, you'll have to move fast. Here are six strategies recommended by people who specialize in college admissions," The Associated Press reports.

"1. Contact your school's financial aid office

Call your school today to discuss your options with a financial aid officer, who can lay out funding options or direct you to the school's payment plan, if available.

'They want the student, they're expecting the student, they have the deposit, they're holding a dorm for them, so they have a huge incentive to work things out for the student,' says Donald Heller, provost and vice president of academic affairs at the University of San Francisco.

Confusion around borrowing money and questions about how to finance a degree can scare people off, says Ofelia Morales, director of financial aid at the University of Colorado, Boulder.

'Why not come to the people who understand it and can help guide you?' she says.

... 6. Plan long-term options

If you're still left with a money gap after trying other options, consider deferring your start date for a term or a year to maximize your financial aid. To decide if this will help your financial situation, find out what you may have been eligible for had you submitted a FAFSA on time.

'Ask 'What would my aid package look like if I did this earlier?' and 'Would it be possible for me to do that for next year?'' says Karen McCarthy, director of policy analysis for the National Association of Student Financial Aid Administrators in Washington, D.C."

NASFAA's "Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.

 

Publication Date: 8/2/2017

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