188: Important Distinctions Between Scholarships and Financial Aid




The College Prep Podcast show

Summary: <a href="http://collegepreppodcast.com/wp-content/uploads/2017/11/Screen-Shot-2017-11-01-at-10.54.46-AM.png"></a>Families often mistake financial aid with scholarships, which can lead to confusion, disappointment, and wasted time as seniors choose their college and figure out how to pay for it.<br> In this episode Megan breaks down how to think about the different pathways to paying for college, so that families can plan accordingly. Specifically, she discusses:<br> <br> * what exactly financial aid is<br> * why you should never lie about your assets to try to maneuver more financial aid<br> * how to calculate the amount of money your family will be expected to pay for college<br> * how to decide whether you should apply for financial aid in the first place<br> * why you should apply for scholarships even if you only have an “average” student<br> * where to start when looking for appropriate scholarships<br> * and more<br> <br>