Thursday, September 06, 2012

The Financial Aid Process - Paying for College

Did you know...

Making college accessible and affordable for all Illinois students is the mission statement of the Illinois Student Assistance Commission (ISAC).  The ISAC is the financial aid agency in the state of Illinois that administers acholarship, grant and prepaid tuition programs. 

Recently, many are asking....Is a college education worth the cost?  According to the Bureau of Labor Statistics, Education pays in higher earnings and lower unemployment rates per data collected for persons age 25 and over in full-time wage and salary workers.

Ways to Finance College:  Financial Aid Programs; 529 Savings & Prepaid Tuition Programs; Employer Tuition Benefits; and Tuition Payment Plans.  Know your options...

The First step in the financial aid process is the Free Application for Federal Student Aid (FAFSA).  A FAFSA is used to apply for state and federal financial aid programs.  In additon, some college use it to award institutional aid.  The application is available at no fee.  There are three ways to access a FAFSA. 

Paper FAFSA 1-800-4-FED-AID
Web:  www.FAFSA.gov
PDF:  www.FSA.ed.gov

Learn more at KnowHow2GOIllinois.org 

Posted by Katie Heaton, Branch Manager