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.
- Download the College Counseling Department’s 2017-18 presentation to parents on financial 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. Beginning in October 2016 (for aid applications for the 2017-18 award year), students and families will file the Free Application for Federal Student Air (FASFA) using Prior-Prior Year (PPY) tax data. (Please click here for more information.) Devon Prep 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.
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 two that Devon Prep recommends are www.fastweb.com and http://www.goodcall.com/scholarships/search.