7 Biggest College Mistakes to Avoid
Mistake #1: Most middle and upper-middle income parents assume they won’t be eligible for financial-aid because they own a home and earn more than $60,000 per year.
Mistake #2: Assuming only minority students, athletes and academically- gifted students receive financial-aid.
Mistake #3: Choosing colleges and universities without paying attention to where your student ranks, academically, in comparison to the rest of the student body.
Mistake #4: Assuming all schools are created equal and will be able to provide you the same amounts of money.
Mistake #5: Failure to understand the difference between “included” assets and “unincluded” assets for the purpose of completing the financial-aid forms.
Mistake #6: “My CPA or tax-preparer can help me complete the financial-aid forms… I’’ll pay him/her to do it.”
Mistake #7: Waiting until January, or even worse… after January of your student’’s senior year of high school, to start working on college financial-aid planning.
