You may wonder if you can qualify for need or merit-based financial aid. These funds are important if you want to go to a university but don’t want to spend the rest of your life paying for it. Here are a few tips to help you maximize the amount of aid you receive, even if your family is not low-income.

  • Fill out a FAFSA application – Each year, federal funds that are set aside for students go unclaimed. Even if you are afraid that you don’t qualify, the worst-case scenario is that your application is denied and you wasted a few minutes filling out the application.
  • Look for colleges that provide need-based aid for upper middle-class families – Some universities are so expensive that your family income can be six figures, but you still qualify for need-based aid. On the plus side, schools that are this expensive are usually also considered to have the top programs.
  • Apply for merit-based aid – You can apply for a merit-based scholarship both from the school you plan to attend as well as third-party Be sure to get help to find all of the merit-based scholarships you may qualify for.

Financial Planning Support for College Students

If you are planning to attend college in the future, contact College Planning Source today. We can help you to find the need and merit-based scholarships that you qualify for. To get started, call 858.676.0700, or you can contact us by submitting our online form.

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