Why Financial Aid Is So Important

financial aid Why Financial Aid Is So Important

College Is a Lot Easier with Financial Aid

Wouldn’t it be great if college was just a giant pharmacy where you could go to pick up career pills and instantly get all the knowledge you need from one dose? Unfortunately, that’s not how university life works. The fact is that you are going to have to be in school for several years to get your degree, so you might as well make the most out of the time you get there. One way to do that is to get enough money in scholarships and grants to be able to pay for your schooling from the start. This will make your experiences much better as a whole.

Here is a look at how your life may change with financial aid to help you pay for college, along with some tips on how to get the aid you need for school.

You Can Get Money back from School

Did you know that you can get money back from school if you have more than what you need for tuition and fees? Indeed, you could actually get a check for any excess money that you get for your education, which is supposed to be used for college expenses. In some cases, that means room and board, living expenses, the cost of a laptop, etc. Here is a funny song that sort of highlights this subject:

If you get enough money in scholarships and grants to cover your schooling and then some, you will have no trouble paying for your school and anything else you want while you are in college. When you’re living on a tight budget to begin with, something like this could make a world of difference for you.

You Can Graduate Debt Free

Most college students get out of school with thousands of dollars in debt hanging over their heads. This is terrifying to deal with because it puts you straight into repayment when you start your career. No one wants to get a huge chunk of debt to go along with his or her freedom. That is why it is important to apply for as much money as you can for your schooling so that you don’t have to worry about making any sort of payments when you get out. You can just start your life without a care in the world – except for getting a job of course.

You Can Buy All of Your Supplies

School supplies are really expensive, especially when it comes to books. Most students do not have enough money to cover all of the supplies they need for a year. Thus they end up skipping out on a book or two because they just don’t have the money to spare for it. You won’t have to worry about that if you have financial aid though. You can get a meal plan through the school to pay for food and a whole sum of money to spend on calculators, software, books, or anything else you need. The more money you get, the more you can use towards your schooling.

Tips for Finding Financial Aid

If you know that you are going to need financial aid to pay for school, you might as well start looking for it as early as you can. There is no specific time of year when you need to apply for scholarships. You just need to do it as often as you can so you have the best chance of getting money. You could speed up this process by signing up for a site like ScholarshipOwl.com. They offer scholarship matching, automatic scholarship applications, and much more.

Talk to a financial aid adviser in your school for suggestions about awards you should apply for, and look online for options as well. You cannot be afraid to explore every venue possible because you never know when you might come across something you can use. Fill out your FAFSA early on so that you can accept the grants right when they come out. Then you will be all set to go to school free of debt.

Making Sure Your Financial Aid Arrives on Time

4333249778 2c39c9f6bb z Making Sure Your Financial Aid Arrives on Time

How to Get Your Scholarship Money Fast

A lot of college students use their financial aid as a source of income or a way to pay for all the school supplies they have to buy each semester. If you are one of those students, you need to make sure that your financial aid money comes in on time. You can’t just assume that it will all come in properly and get sent directly to you like it is supposed to. That rarely happens. Most of the time, you have to check in on the aid in order for it to get to you as quickly as it possibly can. Listed below are some ways you can go about checking on your financial aid to ensure that it arrives when you need it.

Check the Forms You Need for Your Aid

Every scholarship and grant that you apply for is going to have different paperwork that you have to turn in. On top of all that, the school you attend will also have forms that you need to fill out. Try to talk to the scholarship committees and the school you are working with to make sure that you have everything filled out from the start. Otherwise, you may end up missing that one form that you need to get your financial aid money on time.

Apply for Scholarships Early

We emphasize this step pretty often around here, but that is because it has such a big impact on your ability to pay for college. By filling out your applications early on, you can give yourself the best chance at getting financial aid fast. Some scholarships take longer to pay out than others, so if you have a lot of them coming in, chances are at least a couple will arrive in time for you to pay for your supplies.

Check the Status of Your Aid Regularly

It’s important that you stay on top of the financial aid department in order to get the funds you need. They are busy, and it is hard for them to process everything in a timely manner without a little pressure from you. You don’t have to talk to the people long, but you need to make sure that everything is going well with your paperwork. This gives you a chance to have new people look at your account so that you can make sure that you have everything you need in place. One person may catch something that the other person missed, so you have to make an effort to check in on things. If you ask the right questions to the right person, you will be able to start the process of getting his financial aid for the semester.

Focus on the Small Details

If you have to fill out a form for your financial aid, make sure you fill out every single little piece of information you need on the form. All it takes is one tiny missed detail for the scholarship money to get delayed or even declined. If you have to fill out a new form, you may need to have your application reviewed all over again. Avoid the stress and get everything right the first time.

 

How to Write a Scholarship Thank You Letter

Scholarship thank you letter How to Write a Scholarship Thank You Letter

Why Should I Write a Scholarship Thank You Letter?

Winning a scholarship means that you’re doing well for yourself. It means your writing skills are up to scratch, you wrote a compelling essay that convinced a donor or foundation that you are worth investing in. It’s a nice boost for your ego as well as for your college fund. Plenty to reason to reach out to your generous beneficiary and send them a heartfelt thank you! Not that a donor expect anything in return from a student, but a well written scholarship thank you letter is always appreciated and a great reminder to the donor why they are giving the money in the first place. It can even help secure further scholarships for future students. Isn’t it a nice thought that your act today can help others tomorrow?

How to Write a Scholarship Thank You Letter

Writing a letter to someone you know is not easy at the best of times. Writing to someone you never met and will likely never meet is even harder. Don’t fret though! Two things you already know before starting are: a: what you will write about and b: who you are writing to. And that helps. Also no one expect your scholarship thank you letter to be the same length as your scholarship application essay. This basically means that your scholarship thank you letter doesn’t need to be very long or complicated at all.Make sure you address the right person, tell them you are honored to receive (Name of the Scholarship). Write a few lines how their scholarship influences your scholarship experience.

Thank you them for their thoughtful gift/generous donation etc and write a couple of sentences how your college education will contribute to your future. Sign off with another thank you and you’re more or less done.

That doesn’t look too hard, right?

A few more tips for a successful scholarship thank you letter:

  1. Write clearly and concisely.
  2. Double-check for typos and grammatical errors.
  3. Express enthusiasm.
  4. Be sincere.
  5. Send it typewritten in business format.
  6. Use quality paper.

For a few examples on how to write a nice scholarship thank you letter, check out this article. It has a ton of valuable information.

scholarship thank you letters 300x199 How to Write a Scholarship Thank You Letter