Key Financial Aid Milestones - COLLEGEdata - Pay Your Way

Key Financial Aid Milestones

It's never too early to start taking steps to get the best financial aid for college.

The sooner you learn about financial aid and make college financing plans, the more aid you're likely to get. Here's a timeline that works for most students.

Before Senior Year

  • Talk to your parents about how they can help you pay for college. Find out how much college cost they are prepared to cover.
  • Look over the FAFSA aid application with your parents.
  • Start looking for scholarships and get familiar with their requirements.
  • Take the PSAT if you hope to qualify for a National Merit Scholarship.

During Senior Year

  • Find out the aid application requirements at your colleges, especially deadlines.
  • Continue your scholarship search for private scholarships.
  • Don't let your grades slide. The better your senior grades, the better your chances of qualifying for and keeping scholarships. Do whatever it takes to excel academically.
  • Submit your FAFSA and other aid applications as soon as possible after October 1, and no later than the earliest college deadline. Send any supplementary forms required by the colleges you're applying to.
  • Review your EFC (Expected Family Contribution) on your Student Aid Report (SAR). Make sure the figures they used to calculate your EFC are accurate. If not, follow the instructions on the SAR.
  • Evaluate all aid offers before you make your decision. Determine the net price of each college.
  • Appeal an award if you have documentation to back up your claim.
  • Return the signed financial aid award letter to the college you plan to attend, keeping a copy for your records.

What's Next?

  • To get a preview of your potential EFC, use our EFC Calculator.
  • Find out more about the FAFSA and PROFILE aid applications.
  • Review the College Profiles to see the average merit and need-based awards at the colleges you are considering.

Note: Financial information provided on this site is of a general nature and may not apply to your situation. Contact a financial or tax advisor before acting on such information.

For Students Age 18 and Older

Have you received a Personal Invitation to apply for a Student Credit card?

Learn how to qualify for a Personal Invitation to apply for a Student Credit Card


1st Financial Bank believes students who pick colleges wisely will also want to learn how to use credit cards wisely.

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