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14 Nov 2009, 18:48
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With round 1 decisions less than a month out, I've started looking at the intricacies of financial aid.
Other than www finaid org, I can't find a whole lot of info about planning for graduate school financial aid. Barnes and Nobles and Amazon have an abundance of collegiate financial aid books but all of the books are targeted for undergraduate and "dependent" students.
If there isn't already a thread started, this could be a good place to share tips and techniques how to set oneself up for financial aid success. I've opted to post this in the B-School Application forum as it's especially important to prepare in the base year (i.e. the year before you enter b school) while you are filling out applications.
Here's a particularly insightful article on "Maximizing Your Aid Eligibility":
www finaid org /fafsa /maximize
Major takeaway: with 2010 right around the corner, now is the time to "reduce" or "distribute" your savings to increase your eligibility for financial aid. Whether you plan to buy a new car or pay back those outstanding loans, you'll want to do so in the base year before you plan to enter b school. This should reduce your Expected Family Contribution (EFC) and give you the best shot at a generous financial aid offer.
Any current or former b schoolers have any advice? There's nothing more fun than navigating the bureaucratic world of federal financial aid...
- SM
Other than www finaid org, I can't find a whole lot of info about planning for graduate school financial aid. Barnes and Nobles and Amazon have an abundance of collegiate financial aid books but all of the books are targeted for undergraduate and "dependent" students.
If there isn't already a thread started, this could be a good place to share tips and techniques how to set oneself up for financial aid success. I've opted to post this in the B-School Application forum as it's especially important to prepare in the base year (i.e. the year before you enter b school) while you are filling out applications.
Here's a particularly insightful article on "Maximizing Your Aid Eligibility":
www finaid org /fafsa /maximize
Major takeaway: with 2010 right around the corner, now is the time to "reduce" or "distribute" your savings to increase your eligibility for financial aid. Whether you plan to buy a new car or pay back those outstanding loans, you'll want to do so in the base year before you plan to enter b school. This should reduce your Expected Family Contribution (EFC) and give you the best shot at a generous financial aid offer.
Any current or former b schoolers have any advice? There's nothing more fun than navigating the bureaucratic world of federal financial aid...
- SM
14 Nov 2009, 19:17
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