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College students should apply now for financial assistance

College in Colorado
Press Release
1/12/12

Students can now apply for college financial assistance using the Free Application for Federal Student Aid (FAFSA). The FAFSA is an important step in the college planning process and families are encouraged to apply as soon as possible after the first of the year.

For many families, the largest question when discussing college planning is “how are we going to pay?” The Free Application for Federal Student Aid (FAFSA) is a crucial step for all families – no matter the household income. The FAFSA must be completed to qualify for many types of financial aid including grants, work-study, loans and scholarships - some funds are even awarded on a first-come, first-served basis.

“A common misconception by many families is that a student won’t qualify for federal aid because the parents’ income is too high,” said Dawn Taylor Owens, executive director of College In Colorado. “However, many students qualify for aid, even with household incomes over $100,000 and we encourage all families to complete the FAFSA no matter what their income level is.”

Most families can find the financial aid process daunting and may not know where to turn, but there’s help and the best part - it’s free. CollegeInColorado.org provides a Website for Colorado families to understand financial aid, and offers multiple tools for Colorado families to plan, apply, and pay for college. There are many avenues for financial aid, and CollegeInColorado.org can walk each family through the process.

Families can use CollegeInColorado.org to understand the financial aid basics; use financial aid calculators to help determine the costs associated with college, how to pay, and how to save; find scholarships that match students’ skills, background, and accomplishments; and make a plan and stay on track using Financial Aid Planning Timelines.

College In Colorado provides free presentations in English and Spanish across the state to help with FAFSA completion, and can assist in answering college planning questions. Families can also call (720) 264-8580 for assistance in both English and Spanish. Students and parents should complete the FAFSA online, at www.fafsa.ed.gov or www.CollegeInColorado.org.

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