I think The Financial Aid Handbook is one of the ultimate financial aid books. Carol Stack and Ruth Vendik are authors of the book. They lay out very clearly how universities determine the financial aid amount a student will be expected based upon what the post-secondary institutions consider to be a desirable student. It is a very helpful hand book which covers the college selection and payment process, basic timelines and tuition costs, predicting scholarship award from colleges, taking ownership of student debt after graduation and more. It is essential to any high school …show more content…
The book provided general financial aid information that could be beneficial to all students such as rich or poor.
In Chapter 2 titled “The Basics” in the book contains a dictionary of 25 words and phrases that the authors focus their attention. These words and phrases are often confusing to students and parents, but the authors are able to simplify these terms while maintaining their meaning.
The Financial Aid Handbook provides information about the college search process and how colleges look at applicants and what considerations are taken into account when determining acceptance and financial aid awards.
The Financial Aid Handbook provide useful information about followings:
The ultimate guide to federal, state, and private student loans
A step-by-step guide to completing the FAFSA and PROFILE
How to predict scholarship dollars with the Merit Aid Profile, or MAP
Profiles of selected schools with exceptional merit aid
How to negotiate with the financial aid office.
The seven biggest myths about paying for college
Authors have got in their book, a series of myths that they try to take apart. I have found five of them more interesting to …show more content…
Authors give an example that their generation and students were told this, that you should apply for three to five post-secondary school. One of them should be a safety school which is you 'll absolutely be admitted to. The other one should be your reach school which you would be lucky to be accepted, and then a couple others in between. And the advice was if students get into their reach school they should go there, it 's the best school and it 's always worth it for them. “Go to your reach school” means that students, parents and a family overall is going to have to incur unreasonable amounts of debt. The authors are strongly saying that No! Don 't go to the reach school. Maybe instead look at a school that 's reaching for you