Financial Planning Checklist
College is expensive. Yeah, we said it. But don’t worry, we want to help! This checklist is designed to get you thinking about it.
College is expensive. Yeah, we said it. But don’t worry, we want to help! This checklist is designed to get you thinking about it, and give you ideas on ways to help pay!
Review Your Financial Aid Package
Review your financial aid package with your admission counselor. Capital will begin sending these awards in March 2014. After receipt, please call or email your admission counselor to review information.
Understand Terms and Conditions
Be sure to understand terms and conditions of any loans included on the award. There will be three possible types of aid on your award letter: gift, self-help, and loans. Each of these has their own terms. Contact your admission counselor to discuss the award and any terms and conditions.
Discuss Payment Strategies
Discuss payment strategies for your out-of-pocket costs . There are many:
- TMS – Monthly payment option (10 or 12 months, interest free)
- Twice-a-year Option – Pay by semester, no fees associated
- Direct Parent PLUS Loan – Federal loan program for parents
- Alternative Education Loans – Third party loans
- Combination of plans
Consider student employment options. Capital may offer work-study positions to eligible students as well as some part-time employment opportunities.
Third Party Scholarships
Look for third party scholarships and be sure to ask your high school counselor for help. Also, www.fastweb.com is a great resource for scholarship searches.