The FAFSA (Free Application for Federal Student Aid) opens annually to all students wishing to attend college in the fall on October 1st.
For a step-by-step tutorial for your FAFSA, watch this walk-through video: FASA Walk-through
The average cost of tuition and fees for one year at a public four-year college is approximately $5,000. The average cost of tuition and fees for one year at a private four-year-college is approximately $13,000. Books and supplies average a little over $4,600, while room-and-board averages between $4,000-$5,000.
Financial aid often makes it possible for students to attend colleges they would have otherwise thought to be too expensive. Students and parents therefore should never assume that they cannot afford a particular college or university.
Financial aid is money that is given or lent to help students pay for their education. It can be received as a grant, scholarship or loan.
As a general rule, private colleges are smaller and public colleges are less expensive. A student attending a public college/university in a different state, will have to pay the more expensive out-of-state tuition. For example, the tuition for one year at Ohio State university is approximately $6.000 for an Ohio resident, but around $17,000 for an out-of-state resident.
What is an SAR (Student Aid Report)? Breakdown of the Student Aid ReportThe Complete Guide to Teaching Kids About Money
Need to understand Financial Aid terms better? Student Finance Glossary
Offering loans and scholarships, and advice on how to save money while going to college in Utah: College Affordability Guide
Do you know about the Western Undergraduate Exchange (WUE)? It is a program that partners with western states in helping students attend colleges out-of-state for reduced tuition fees. Eligible states include: Alaska, Arizona, Colorado, Guam, Hawaii, Idaho, Montana, Nevada, New Mexico, North Dakota, Oregon, South Dakota, The Commonwealth of Northern Marina Islands, Utah, Washington, and Wyoming. To find out if you are eligible for the WUE or to apply, contact your intended college’s financial aid office.
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