It’s a time of great change for the members of the recently-graduated Class of 2011. Whether a few months into a new job or still looking for the right opportunity, everyone is trying to figure out their new life – and just as importantly, how to pay for it.
The first step towards gaining your footing financially is to take stock of your income and expenses and create a budget. Of course you’ll want to start by making sure you can pay for the necessities – food and shelter – but there are a lot of other expenses for which you’ll need to plan. A professional wardrobe. Your car note. TV and Internet. It all adds up quickly. And then there’s the other big milestone you’ll soon face: starting repayment on your student loans.
This week we have another question submitted through our Ask the Experts form. if you have any questions about financial aid or paying for college, be sure to submit them here.
This year I did not work at all and so I will not have any tax returns to file. How then do I apply for financial aid and how can it affect my aid? I’ve have had aid for the previous couple of years.
The following question was submitted via our Ask the Experts form:
Hi, I am having a problem with FASFA. I submitted my form online, and imported my tax return from 2010, as requested. However, last year I worked full time and went to school at night. This year I go to school full time and work part time. My financial situation has completly changed. What types of documents can I show FASFA that they would consider to be a current reflection of my financial situation?
Thanks for the question, Kristy! This is a fairly common question, and one that you should be able to resolve without too much trouble.
We’ve made it to October, which means it’s once again time for College Money Insider’s monthly list of scholarship deadlines. It may not be the traditional time of year to apply for scholarships, but if you look hard enough, there are some great opportunities available year-round. And the time is ALWAYS right to get some extra cash for college.
To receive a monthly list of upcoming scholarship deadlines right in your inbox, as well as our other financial aid advice and tips, subscribe to College Money Insider here – it’s free!
Now let’s get right to the details of this month’s scholarships…
Today’s guest post is written by Overture Technologies’ Ben Carey. Ben is a 22 year veteran of the student lending industry and the father of a college student. Check out our Resources section to learn more about the differences between PLUS and Private Student Loans.
So, your child has done her part: Great grades, strong SAT’s, taken pretty much every AP course in high school, two sport athlete…Top 5% of her graduating class!
I have Good News and Bad News:
Good News…She has been accepted into the school of her dreams!
Bad News…The four year price tag has you thinking outside your comfort zone!?
The ball is in YOUR court!