Tuesday, December 2, 2008

FINANCIAL AID FOR EDUCATION

The Truth About Connecticut College Financial Aid Awards That Colleges Don't Want You To Know

Many Connecticut parents feel like they are hit by a city bus when they find out that the many months of work they have done to push their child to do community service, study hard for the SAT and fill out financial aid forms only allows their student to qualify for student loan debt. It is not a good feeling to have to sit your child down and explain that all of their efforts allowed them the exclusive once in a lifetime opportunity to go into debt.The worst part about it is that many Connecticut colleges promote student loan debt like it's the best thing since sliced bread when the real truth is the same Connecticut colleges are sitting on billion dollar endowments that can be used to really help students pay for the rising cost of college. One of the popular statements that colleges tell you that it is a good way to establish credit for an otherwise credit challenged young person.That's rubbish.Your child will have way too many opportunities to get credit from all of the credit card companies that are allowed on Connecticut college campuses to push their credit cards onto defenseless and under-informed students.If Connecticut colleges really wanted to give financial aid awards to help parents then why not help the families qualify for grants and scholarships as opposed to borrowing money from the government or local banks. All the colleges would have to do is offer a workshop titled how to qualify for a best grants and scholarships and I guarantee that there would not even be enough room on the campus grounds to hold all the cars of parents who really need the financial aid to pay for the cost of college.If you are the parent of a college bound high school senior that has received a financial aid award letter that is mostly comprised of student loans then to learn how you can use your financial aid awards letter to get more real free money.Find out the single biggest mistake 9 out of 10 parents make when applying for aid to Connecticut Colleges that literally cost them thousands of dollars! More importantly, how to avoid this fatal error!How to double, or in some cases triple, your eligibility for FREE grant money for Connecticut Colleges.

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