I need some guidance on what financial aid I should accept.
I'll be happy to help you with this. To start, you should always accept financial aid funds that do not have to be paid back.
Have you received an aid offer from your school financial aid office?
Yes, I have.
Excellent. It's very important to carefully review all your options, so that you can make an informed decision.
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What are some things I should be thinking about when choosing what aid to accept?
Your number one goal should be to accept the aid that best fits your needs.
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How do I know how much loan money to accept?
You will need to make a budget that covers your college tuition and living expenses, so that you only borrow what you need.
How do I decide which loans I need to accept?
Your goal should be to accept the loans with the most favorable terms and conditions. These are usually your federal student loans.
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I've heard that some schools offer interest free tuition payment plans. Is this true?
Yes, it is. This type of loan can be very beneficial, because it allows the borrower to reduce the amount they will need to take out in loans. You should ask your financial aid office if this plan is available to you.
