NASFAA Reminds Students to Begin College Budget-Planning Early

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With The Height of Application Season Approaching, Financial Aid Administrators Can Answer Questions About Paying for College

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Students and parents should keep in mind that the actual cost of attendance could be very different after accounting for federal and state grant aid, student loans, institutional aid, and different types of tax breaks.

Incoming college freshmen might not yet know where they’ll be attending school next year, but it’s never too early to start making a plan to pay.

With the early application deadline passed, and the regular decision deadlines quickly approaching, the next big question on students’ minds is likely how to pay for tuition and fees, room and board, and other expenses over the next four years. Regardless of whether you’ve made your decision on where to attend college, financial aid administrators can answer questions about how to make a budget plan.

“The cost of college may seem daunting, but getting information and applying for federal financial aid is free,” said NASFAA President Justin Draeger. “It’s important for students to keep their options open and not rule out a school based on sticker price alone.”

Students and parents should keep in mind that the actual cost of attendance could be very different after accounting for federal and state grant aid, student loans, institutional aid, and different types of tax breaks. Becoming informed about those same financial aid can also help students get a clearer picture of what affordable options are available.

NASFAA also has resources for students, parents, and high school counselors navigating the college application and financial aid process.

To request an interview with a NASFAA spokesperson, please email news(at)nasfaa.org or call (202) 785-6959.

About NASFAA
The National Association of Student Financial Aid Administrators (NASFAA) is a nonprofit membership organization that represents more than 20,000 financial aid professionals at nearly 3,000 colleges, universities, and career schools across the country. NASFAA member institutions serve nine out of every ten undergraduates in the United States. Based in Washington, D.C., NASFAA is the only national association with a primary focus on student aid legislation, regulatory analysis, and training for financial aid administrators. For more information, visit http://www.nasfaa.org.

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Erin Timmons
NASFAA
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