Avoid These Common Student Financial Aid Mistakes

January 10 – NEWBERRY COUNTY – Many students overspend on college by making common mistakes when seeking financial aid. Follow these tips from KHEAA to ensure you get the financial support you need.

Even if you don’t think you qualify for financial aid, you still need to file the Free Application for Federal Student Aid, commonly known as the FAFSA, each school year. You may find that you qualify for federal and state student aid programs. Additionally, some schools may require the FAFSA to have students considered for merit-based scholarships.

Another common mistake is waiting until the last minute to apply for financial assistance. Some programs have deadlines, while others have limited funds.

Colleges send each student who has applied for financial aid a financial aid package. Students and their families should review them carefully, comparing school offers to see which is the best deal. Of course, cost is only part of the higher education decision. Students should also consider other factors, such as whether a school offers the academic program they want to take or if it meets other expectations they have.

KHEAA is a non-profit public agency established in 1966 to improve student access to university. It provides financial aid and financial literacy information at no cost to students and parents.