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Top Ways Parents Can Assist in Financing College

Helping your student pay for college can be overwhelming. Follow these tips to make the process a little easier.

  1. Encourage your student to study and prepare for the ACT or SAT test. It is also a good idea to take it more than once to see if he or she can get a higher score. Generally, the higher the score, the higher the scholarship.
  2. Encourage your student to apply early to the colleges he or she is interested in and to turn in the items needed to make an acceptance decision. Usually, this will be high school transcripts, ACT or SAT scores and possibly references. Review OCU's Admission Requirements.
  3. Help your student complete the Free Application for Federal Student Aid (FAFSA). You will need your 1040 tax forms and W2 forms from the past year. If you need help filing the FAFSA, check out this tutorial video.
  4. Completing #2 and #3 will allow the colleges to determine your student’s financial award eligibility. Review the financial aid awards and discuss the possibility of student loans.
  5. Encourage your student to apply, apply and apply for outside scholarships! There are scholarships for all kinds of things, not just academic achievement. Check around your local community and use scholarship search engines.

For our recommended scholarship search websites and even more tips on helping your student pay for college, read the rest of our FREE eBook, How to Pay for College.