I’m sure by now most of you have been scouring your award letters to find the best deal, and for those of you who still have a few years left to go this information can also help you as you are searching for colleges and becoming informed about paying for college.
Comparing financial aid award packages is not always as easy as it seems. Most students will just look at which school offered the most money, but not necessarily the stipulations that go along with it. For example, the college admission letter one school sent may have offered you a good amount of work-study award money, but if that requires you to work too many hours, it may not be worth it.
When evaluating your award offers, make sure you not only factor in aid put towards tuition, but also add in any extra expenses associated with that school. Will you need to pay for a flight to and from school? Or, maybe buy a car to drive to classes? Extra expenses add up quickly, so factor in any commuting you may have to do, the supplies your major may demand, and calculate these costs into your decision from the beginning to ensure that you can afford to go! (more…)