3 Tips for Avoiding Common Financial Planning Trip-Ups

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One of the most confusing aspects of college life for current and prospective students is financial planning and financial aid. Here at Sullivan University, we always take great care to make sure our students fully understand their financial aid opportunities, and how to plan their collegiate investment.

Here are some quick tips from Angel Miller in the financial planning department to help you get on the right track:

Added/Dropped Courses & Eligibility

Your specific financial aid package is based on certain eligibility requirements. Often, that means you need to be enrolled in a particular number of classes within a quarter. If you have added or dropped courses, always remember to see your financial planning coordinator immediately to discuss how it may impact your financial aid eligibility and/or disbursements.

GPA & Scholarships

Be mindful that financial aid packages often include scholarships. Many of these are awarded based on your grade point average (GPA). Make sure you know how you’re doing in your classes; if you’re struggling academically, please talk to your instructor and let them know you need help to keep your GPA on point. They should be able to help you make a plan to tackle your issues head-on. They may also refer you to our Tutoring Center, which offers lots of academic help and resources for a variety of subjects.

FAFSA

If you have not already completed your 2018-2019 Free Application for Federal Student Aid (FAFSA), please do so as soon as possible by clicking here. You are required to complete a new FAFSA each award year to remain eligible for federal student aid. If you have any questions about the application process, get in touch with Financial Planning — they’ll be happy to walk you through it.

 

These are some of the most common issues that trip-up new students when it comes to financial planning. If you have any additional questions, always feel free to reach out to the Financial Planning department — they’re knowledgeable and ready to help!

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