Paying for College
Figuring out how your son or daughter is going to pay for college is a legitimate concern, but understanding what options your student has available may help ease some anxiety you may be feeling. Most of the communication about your student's financial matters will happen between the University and your student. If you are assisting your student with financial matters, we urge you to keep the lines of communication open. The University is limited to the amount of information that can be provided to the parents, due to federal FERPA regulations.
Financial Aid & Money Management
To gain a better understanding of how your student is to pay for their education take a look at the financial aid web site. This web site includes details of financial aid, how to apply, important facts about receiving aid, and the different types of aid available (loans, grants, work study, and scholarships). It also provides the student with money management information. Helping your student develop, or empowering your student, to create a budget is an integral part of your students success. When creating an accurate budget for the academic semester, do not forget to consider the cost of attendance including: tuition and fees, personal expenses, transportation, books and supplies, and room and board.
For various reasons your student may not qualify for financial aid or may receive an inadequate refund check and requires more money to survive. If this is the case then your student may need to work. Students who are enrolled in school full time and work part time (12-15 hours/week) are statistically more successful than students who work more or less hours. Also, please understand that students who work on campus, via a work study job, statistically do better in school then students who work off campus. Knowing this information, please encourage your student to do the following:
- Inquire about possible work study campus jobs; these are limited and awarded based on financial need in a first-come-first-serve basis.
- Encourage your student to only work 10-12 hours a week.
- Sit your student down for an adult conversation on money management, and assist them with creating a budget.
- Finally, encourage and support your student's choice of investing in their education.