Over ten million students will be in need of some type of financial aid for college next year. But the saying, “the early bird catches the worm,” holds true when determining who gets awarded the money.
Bryan High seniors, Kenya Seymore and Kacie Wade, are using their holiday break from school to prepare for the future. Both want to be nurses and plan on attending college next fall, so they are filling out their financial aid applications now.
“My parents won't be able to afford to pay for college out of pocket, so we're working on looking for scholarships, and applying for FAFSA and getting loans," said Wade.
FAFSA stands for Free Application for Federal Student Aid. Last year, billions of dollars were given to qualifying students through grants, government loans or work study. But the sooner you submit your application the better.
"A lot of financial aid is awarded on a first come, first serve basis, so it is very important for them to submit it as soon as they can after January 1," said Jill Hanna, an Educaid Expert.
Kenya has already been awarded a private scholarship through her church, but will still need financial help to cover all of her expenses.
“I’m going to take my time and fill it out. You need to be able to send it in on time, so you can get considered first, not be the last in line," said Wade.
You can apply online or send a paper application. The deadline is June 30, 2005.
Financial Aid and student loans aren't the only way to offset the cost of college. There are also thousands of dollars available through scholarships. High school and college counselors can help students find scholarships, as well as the internet and the library.