If you’re a parent with a child who is getting ready to go off to college, there are probably a million things running through your mind. Choosing a college for your child to attend is stressful in and of itself, but then there’s the preparation for sending your child away that’s even more overwhelming. Here at Matsen Insurance Brokers, Inc, we want you to know that we care about the the well-being of you and your children. We’ve compiled a few tips relating to sending your child off to college that we hope you will find helpful.
Regardless of how old your child is, you need to start saving for his or her college expenses. Unless your child qualifies for grants or secures some type of scholarship, college is going to be costly. In fact, it’s not uncommon for college students to graduate with student loan debt exceeding $25,000. Because of this, you need to start saving as soon as possible to help pay for your child’s college tuition.
2) Fill Out College Applications
In order to get accepted to college, your child must fill out an application. And while your child is probably responsible enough to fill out the application his or herself, it’s still helpful for you to look over it once he or she is finished filling it out. Keep in mind that many colleges these days will allow you and your child to fill out the application online.
3) Make Sure to Visit the Campus
When your child gets accepted to a college, it’s imperative to visit the campus before enrolling in classes. Even if the school is across the country, a campus visit is still essential. Both you and your child should visit the campus for at least one to three days. If your child is thinking about enrolling in a community college to earn an undergraduate degree, it’s still important to visit the campus.
4) Fill Out Financial Aid Forms
If you’re wanting your child to pay for some or all of his or her college tuition via financial aid, then you will have to apply for the types of aid that you’re wanting to use. Most times, federal financial aid comes on a first-come first-serve basis. This means that as soon as you have all proper information to fill out financial aid forms, you should do so. Also, keep in mind that many forms of financial aid are provided on a ‘need’ basis, meaning if you make a certain amount of money, then your child should apply for the aid without listing him or herself as dependent on you.