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Parent Information - Understanding Financial Aid

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  • What does a parent need to know about financial aid when sending a child to college?
  • Are there some specific things that parents and their student should discuss?
  • What role should financial aid play in the selection of a college for my child?
  • My daughter is going to college next year, what can I do now to start to prepare for paying for school?
  • Is all financial aid ‘free money’?
  • Where does Financial Aid come from?
  • When should my student apply for financial aid?
  • How does my student apply for financial aid?
  • If parents are divorced, which parent provides information for the student’s FAFSA?
  • Are there resources available in the parents name to help pay for their student’s education?
  • What happens if I am denied a PLUS loan?
  • My child is paying for school on her own; do I have to provide my information on the FAFSA?
  • If I provide my information on the FAFSA, does this obligate me to pay for my child’s education?
  • I have multiple children in college; do I need to complete a separate FAFSA for each child?
    #FAFSA, #Parents
  • What should I do if I have special circumstances not indicated on the FAFSA?
  • Is the Expected Family Contribution (EFC) the actual amount that we will owe the school?
  • Helpful and Important Links
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    Parent PLUS Loan - Overview
  • What is a Parent PLUS Loan?
  • Parent PLUS Loan Terms and Conditions
  • What is a Master Promissory Note?
  • How do I complete the Master Promissory Note for the Parent PLUS Loan?
  • Parent PLUS Loan Borrower Responsibilities
  • Parent PLUS Loan Cancellation Options

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