You may be advising a student who lives with their grandmother or aunt, but was never legally adopted. In other instances, an older brother, sister, or family friend is raising a child but no official adoption took place.
For some families, this approach may have offered a way to handle conflicts and crises without involving the court system. However, complications can arise when it comes time to fill out the Free Application for Federal Student Aid (FAFSA).
When parents and students complete financial aid and scholarship applications they hope the end result provides a significant amount of funding.
Net price calculators and other tools can help predict a student’s projected cost of attendance. But too often, families wait until the initial financial aid award letters arrive from colleges and then wonder how to finance the gap between what was offered and their own resources.
Help the families you serve by familiarizing yourself with the most common methods used by colleges to award financial aid. By reviewing a college’s website, talking to a school representative, or even taking a campus tour, you can gain knowledge about the institution’s approach to helping families fund a college education.