DID YOU KNOW... COLLEGE COSTS HAVE BECOME THE "2nd LARGEST DEBT" IN AMERICAN SOCIETY TODAY?
Congress has correctly referred to it as "A CRISIS OF MAJOR PROPORTIONS." As the cost of college continues to skyrocket and the financial aid dollars continue to dwindle, it has become more and more difficult for parents to get some kind of financial assistance. While there is more than $143 billion dollars available, only those parents who can understand the college funding process and use that knowledge to their advantage are going to receive the maximum amount of money possible. It is not uncommon for low income families who have assets in the wrong place to lose out on financial aid. And, it's not uncommon for families who make over $100,000 per year in income to receive some form of financial assistance. The real difference is their understanding of the process and what they need to do to position themselves to double, or even triple, their eligibility for aid.
You see, as more and more students enter college, the financial aid offices of these colleges are being forced to use their limited financial resources to attract the strongest applicants or to save their government-funded resources for the most needy. The strongest applicants and the most needy typically end up winning at the college funding process. However, like I said before, you can have a low income ($25,000 per year) and still NOT receive any assistance. It depends on a lot of things...things most parents aren't aware of.
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