Financial Aid Packages

You can expect to receive your financial aid packages along with acceptance letters in the same package.  Most people do not make a decision on what college they will be attending until they receive confirmation from all the colleges or universities that they have applied to.  The financial aid package is a combination of gift aids, loans, and work aid from the college, state and federal governments.  This package is the total amount of financial aid your student receives from the school.  Hopefully this package will cover the amount of money you'll need to afford college.  However, this is rarely the case.  Loans will most likely be the first choice to cover the difference between what you can afford and your actual bill. 

This can often be the deal breaker between attending your first choice and second choice school.  You should carefully consider whether or not it is worth it for you to attend a college that will require a lot of student loans.  Remember that the average college graduate has about $20,000 in loans upon graduation.  That same graduate probably will earn $30,000 at an entry level job upon graduation.  The payments each month can be a heavy burden to the graduate as well as family.

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