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Paying for College
For those parents who missed the November 2005 workshop conducted by Dr. Paul Wrubel on "How to Pay for College",
we will summarize a few of his key points.
Dr. Wrubel cautioned parents about using the savings they
have set aside for retirement to pay for college. He pointed out that parents can "always borrow for college but they
can never borrow for retirement."
He encouraged every family, no matter what their income, to fill out the FAFSA
(Free Application for Federal Student Aid). If the college your son or daughter attends has one on file and your financial
circumstances should change suddenly, the school's financial aid office can quickly recalculate your expected family
contribution. In addition, he recommended that families with current college students complete and file this form also. He
urged parents to file the form as early in the filing period (Jan 1 to March 2) as possible - even using estimated figures
which can be adjusted later. For more information on the FAFSA, visit www.FAFSA.gov.edu.
For families who do not qualify for
financial aid, Dr. Wrubel stated that student loans were just "good parenting." He explained that when students have a monetary
stake in their education, they attend class and finish their undergraduate degree in four years! Students should check with
the college Financial Aid office to obtain information about low-interest student loans.
Dr. Wrubel also demonstrated
how with need-based financial aid, many high-cost colleges and universities can become affordable. He said that colleges will
try to put together a package to cover any costs that are over the EFC (Expected Family Contribution) amount determined
by the FAFSA, whether that college costs $13,000 or $37,000 a year. He noted that many of the expensive private colleges have
large endowment funds to distribute.
The College and Career Center has several books, including, Princeton Review,
"Paying for College Without Going Broke" and the College Board, "College Cost and Financial Aid Handbook" which can be checked
out of our resource center.
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SENIORS: Fill out your Financial Aid Applications
this month. The Mercury News ran an article January 13 by Kathy Kristof on applying for financial aid. For a brief summary
of the article click here. To see the full article, click here. For more information do an Internet search on "Kathy Kristof"
and "financial aid" or come in to the WHS College and Career Center.
2/6/04
Young Men planning on applying
for Financial Aid for College?
Remember you must register for the Selective Service* to be
eligible. Go to your local post office or register on line at : www.sss.gov.
* Virtually all men in the U.S. are required to register with
Selective Service within 30 days of their 18th birthday. Men must be registered to be in compliance with federal law and stay
eligible for student loans and grants, government jobs, job training, all security background clearances, and U.S. citizenship
for immigrants.
Click here for information on
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