A good piece in the January issue of Money Magazine (see a link
here, or check in the magazine on page 43) on how January 1 is beginning of Financial Aid season.
It is a pretty good one-pager with some tricks and advice that make sense. But we've got to take issue on some of it. Here's a recap:
Yes, the government's site is the place to go for the
FAFSA. However, there are other sources of aid, of scholarships, of information on how to find the best deals. We won't list our favorites here -- that'll be a story for another day. So yes, fill out the form. BUT...well, there are a number of couch cushions under which to find college dollars.
Now here's where the hypocrisy of this report comes in:
They warn you about "phony" sites. Not a good choice of words. They call fafsa.com a "phony" site because they suggest you not pay for advice that you can get for free, then they say call the government for help.
Let me try that approach when I file my taxes.
No, wait a minute, I always use a computer program of some sort to do my taxes. OF COURSE I could get all of the forms from the IRS off of their web page, but if someone else has tools that can help me...well, if I find them of value, I should use them. Right?
N.B. U Sphere, Inc. has no affiliation whatsoever with fafsa.com. Never talked to them.
N.B. The whole principle of Money Magazine appears to be smart people helping to give you advice about financial matters (one of them being paying for college). I could get mutual fund advice from my Uncle, or from a web site here or there. Or I could pay for an enhanced subscription to Morningstar. You see where I'm headed with this one, so I won't beat a dead horse.
Also interesting in this article -- something called "Profile" from the College Board. This costs $18 for you to file per school -- something that the same article seems to tell you is an okay thing to do.
Finally, to really spell out why this whole finding/applying/negotiating/funding/paying for college thing is something you need help with, see the link in this article from
collegegoalsundayusa.org. A great organization, great program, we're all for it. But take a look at the map on the right side of the page...doesn't it remind you of something you'd see trying to explain the Electoral College? (If this candidate wins this state in Gray, well, then the orange state here needs to swing the other way.)
Proving that your strategy as the college-bound student: apply often, surf often, ask many questions, get help from wherever you can find it.
Now, back to reading this copy of Money Magazine. Which I could have gotten for free online, or at my local library. But instead I have a subscription. Which I'll of course keep because I find the magazine of value.