Financing Your Education

As the cost of college continues to rise astronomically, funding for college comes more to the forefront. In recognition of this, Devon sponsors two presentations on Financial Aid and Funding for College. It is important to note that most students going to college receive some sort of financial aid.

Need-based Aid

In order to be considered for need-based financial aid, students must fill out the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov after January 1 of their senior year but before the college-imposed deadline (usually mid-February). Devon encourages its students to apply earlier in this span and estimate if need be, because it’s better to meet the deadline and have to adjust the numbers later than miss out on an opportunity for financial aid.

  • To submit the FAFSA, you will need a pin, which you can obtain at www.pin.ed.gov.

Some private colleges will require a second form, either their own institutional form or the CSS Profile. These forms will provide supplemental financial aid information that these colleges will use in determining institutional financial aid.

Scholarships

Most often, students will receive automatic consideration for academic scholarships simply by applying for admission. Sometimes, there is a separate scholarship application or interview. Some of the most selective colleges do not offer academic scholarships, as everyone who is accepted is a scholarship caliber student. These schools usually devote more institutional funding to need-based aid. Some colleges may also offer performance scholarships for qualities such as athletics, music, community service and leadership.

External scholarships are also available. There are several scholarship searches available. Do not pay for them! Anything that these services provide can be found free online, and the one that Devon Prep recommends is www.fastweb.com.