The official word is no, you are not at a disadvantage. However, make sure your school of choice will let you know your financial aid package before you click that ED (Early Decision) box!
Yes, my favorite is www.finaid.org. Also, your college websites should all offer advice.
Unfortunately, no, unless you are independent from your family or have some other situation. Call the financial aid office at one of the schools on your list, and see what they can suggest for you. Loan eligibility is based on credit worthiness, and most 18 year olds haven’t had the chance to build credit.
Merit scholarship usually refers to grant awards for both academics and arts talent.
Need-based aid is financial aid you receive from a college and/or the government based on your family’s financial situation. Just because you have “need” doesn’t mean the college will meet your “need” but several do.
Every college, as of October 2011, is required to have on their website a Net Price Calculator. It was determined that is was unfair to have students apply to a college without any idea if they would qualify for any funds. This is an excellent first step for families who depend on this funding. For […]
FAFSA is the Free Application for Federal Student Aid. You and your family must file this to see if you are eligible for need based grants, loans, and federal work study programs. Go to https://studentaid.gov/h/apply-for-aid/fafsa