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Finical Aid Benefits

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The average American family can only pay about 15% of college tuition. “College tuition has increased by 5% to 10% during the past 10 years” (Rubino). By planning and saving for college at an early age, it can save the student from going into debt from student loans later on in their lives. By applying to colleges early in the year, the student has a better chance of being accepted because classes and dorm space will not be filled up yet. High school students can take their SAT and ACT tests as many times as they would like to get a better score. With a higher SAT and ACT test score, the student’s application to college will be improved. “Applying to several different colleges can increase chances of being accepted” (Taylor) because of all …show more content…
By applying for finical aid and scholarships it can benefit the student finically during and after college. “There are many books high school students and parents can read to help plan and prepare them for college” (Taylor). By planning for college during high school, it can benefit the student finically during and after college. “With tuition rising, it’s better to start saving for college as soon as you can, the earlier the better” (Frisk). Starting college funds, and applying for finical aid and scholarships can prevent the student from going into debt later on in their life. Student loans can range anywhere from $200 to covering all expenses of the college of their choice. With good grades and a high SAT and ACT test score, a college could pay for everything to get the student to come to their …show more content…
“Start college funds and investments early because every dollar saved ends up being a great deal more” (Taylor). Applying for as many scholarships as possible can only help the student in the long run. The more money the student can get from scholarships and finical aid, the less money they have to pay out of their own pocket. Three steps to help a student find a college right for them and what to do when they find it are: “1: build your own college ranking system” (Rubino), find colleges that interest you and then put them in order. “2: focus on the first year” (Rubino), pick classes that will benefit you later on in college. Many students change their major and end up not even needing the classes they took as a freshman. “3: Probe preferred major” (Rubino), make sure the major you’re choosing is the one for you. The student can always change majors but can risk the chance of not needing the classes they already took and spending more money for classes they need.
Going into debt from student loans can be prevented by planning for college while still in high school. “American colleges will raise tuition charges” (Fiske). It is never too early to start saving and planning for college. Talking to one’s parents, school counselors, teachers or reading books, and also talking to the college itself can help the student plan how they will pay for college. It’s always a good idea to save and

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