For the majority of Americans, who don’t have tens of thousands of dollars lying around, putting together a plan to finance higher education may seem like a daunting task.
However, it doesn’t have to be, says Lorna Hill, regional marketing manager of American Education Services.
Hill advises parents and students to do their homework and meet with a financial aid professional to map out a plan.
“Oftentimes when families are worried they haven’t saved enough, they are embarrassed about speaking to someone about it,” she said. “It should never be this way. Most families are simply not aware of the options that are out there, which is why it is so important to meet with a financial professional to talk about their situation, whatever it may be.”
One of the first steps for any student looking for financial aid through a federal program is to complete the Free Application for Federal Student Aid (FAFSA), available online at www.fafsa. ed.gov and in high school guidance offices. Using the information provided in the FAFSA, the Department of Education determines a student’s eligibility for federal funds, then...
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