Common Mistakes
If you make some of these common mistakes it may mean the difference in your child graduating from college or not.
According to the Boston Globe (11/17/05), only 50% of college freshmen graduate from college. As alarming, only 25% of students entering college will graduate in 4 years and 25% of college students transfer each year. Based on our experience and guidance our clients can be confident that they will not make these errors. College Planning Services, specializing in college financing, is dedicated to helping parents reach their goal of sending their children to college.
Common Mistakes in Filing for Financial Aid
- Incorrectly filling out financial aid forms; the College Board reports 90% have errors or inconsistencies.
- Not understanding the differences between includable and non-includable assets.
- Not establishing which colleges provide the best financial aid scholarships.
- Over stating value of real estate.
- Under estimating the total Cost of Attendance.
- Focusing energy on private scholarships.
- Missing deadlines.
- Letting the student complete the aid forms.
- Not understanding the difference between the FAFSA form and the Profile form.
- Waiting until the last moment to complete the forms.
To avoid road blocks and the pitfalls of commom mistakes, please contact us to minimize your out of pocket expenses.
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Save 25% or more on your child's tuition bill with your FREE phone strategy session. And get your own customized 4 Step Action Plan. Just fill out the information below and we'll call you to set up your strategy session. Or call us directly at 978-462-1666.
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We tackled our oldest son's financial aid forms ourselves his freshman year at college.
We were certain we knew what we were doing only to find that we had many concerns, guesses,
and unanswered questions. We soon realized that there were probably steps we could have taken,
and other options available to us that would have helped us financially. Friends referred us
to John DeLorey of College Planning Services, specializing in college financing, and we began
using his services when our son started his sophomore year at college. Mr. DeLorey has taken
the guesswork and mystery out of the financial aid process and has helped us obtain the best
financial aid possible for our son, now a senior. We look forward to his continued advice and
assistance as our youngest son begins college next year.
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- Joseph & Nancy Standley
Danvers, Massachusetts
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