College Financial Aid: How To Get Your Fair Share
July 13, 2009
Podcast: Play in new window | Download
In this podcast, Mike introduces our listeners to the world of college financial aid in his interview with Marie Mayer of Garretson Financial. Whether you think your family “makes too much” to receive financial aid, your family consists of divorced and possibly remarried parents or you simply don’t know how to begin the process, this podcast addresses both the urban myths and stark realities of financial aid.
Marie holds a degree in accounting, and is a College Financial Aid Counselor with Garretson Financial, located in Cranford, New Jersey – www.garretsonfinancial.com. Marie’s interest in the field stemmed from very personal reasons – her children were of college age! Now she helps parents understand the process and receive the most aid for which they are eligible – and even illustrate how a private school could be less expensive than a public institution!
During the podcast, Marie discusses the FAFSA form – the Free Application for Federal Student Aid. It is through this application that the “expected family contribution,” or the minimum amount a family can pay, is calculated. All colleges receive this report and some also have their own separate supplements, which Marie also touches upon.
Marie’s advice is to plan early. The best time to meet with a financial aid counselor is when your child is in freshman or sophomore year; no later than junior year. Marie stresses the importance of the deadlines, noting that the system is based upon a first come, first served model. So, be quick to download this podcast and get all the information about this very important aspect of college selection!
