When you’re first applying to the school of your dreams those first steps can be the most timid and daunting you’ll take. Joining the college or university of your dreams isn’t a task to be taken lightly; it’s a process that will impact the rest of your life. With the looming specter of student debt though, this decision is all the more difficult. What are the financial implications of attending your school and does the education justify the debt?
The US Department of Education’s most recent figures reveal America’s most expensive universities. The findings reveal that those based in Pennsylvania fair worst for students, while Ohio did little better. Despite this trend Harvard’s financial aid endowment has increased to record levels at $172,000,000. The result is that students with parents earning under $60,000 a year are entitled to support.
When applying for financial aid you’ll need to fill out your Free Application for Federal Student Aid (FAFSA) application. The FAFSA application can be completed online and will take around 1 hour to complete. The FAFSA is based on your parents financial background so you’ll need a series of forms handy. These include tax forms, bank statements and other financial documentation.
When assessing which school is right for you, measure the post-graduate of students in your particular field. Statistics will often reveal the percentage of students who’ve found jobs on graduation. MIT students, for example, buck the national trend. MIT fosters close links to business and students often fall into jobs allied to their studies.