How to Handle a Tuition Hike Flagstaff AZ

Colleges and universities hit by state and federal funding cuts are shocking students with mid-year tuition hikes. How can students, already squeezed for money, cope with such unexpected sticker shock? Read on and you'll know.

Chase Bank - Village of Oak Creek
(928) 284-1030
6666 State Route 179
Sedona, AZ
 
Wells Fargo #10733
(623) 583-4816
10733 W. Peoria Ave
Sun City, AZ
 
Arrowhead Community Bank
(623) 776-0800
17235 N. 75th Ave. Ste. # B-100
Glendale, AZ
 
Washington Federal Savings
(480) 633-5547
675 S Cooper Rd
Gilbert, AZ
 
Wells Fargo Bank
(623) 875-0720
9901 W. Thunderbird Road
Sun City, AZ
 
State Farm Ins. - Sharon Dittmann
(623) 979-0008
20542 N. Lake Pleasant
Peoria, AZ
 
Buckeye Title Loan
(480) 897-0400
1214 W Baseline RD
Mesa, AZ
 
United First Financial
(602) 339-7555
7942 W Bell Rd. C5-499
Glendale, AZ
 
Alhambra Credit Union
(602) 246-5120
7339 N. 35th Ave.
Phoenix, AZ
 
M & I Bank
(623) 463-6100
5704 W. Glenn Drive
Glendale, AZ
 

How to Handle a Tuition Hike

Provided by:

Colleges and universities hit by state and federal funding cuts are shocking students with mid-year tuition hikes. How can students, already squeezed for money, cope with such unexpected sticker shock?

Don't Panic

Don't panic, experts say. Students should discuss the situation with their families first, said Seamus Harreys, dean of student financial services at Northeastern University in Boston. "Many families have no budget and therefore no plan to pay for an unexpected tuition increase," he said. "You want to know your starting point."

Visit Your Financial Aid Office

The next step is to go to the college financial aid office and, if possible, to a counselor who knows about all of the student's available resources, Harreys said. Students should see if adjustments can be made to their financial aid. "This is a change in financial circumstances," said Ann Coles, senior vice president of college access programs for The Education Resources Institute (TERI), based in Boston. The college financial aid office can determine whether the student is eligible for more grant aid, Coles said.

The federal Pell Grant program may also increase the amount of its grant. Colleges and universities may provide greater institutional aid for low-income students, said Rita Johnson, financial advisor at the Millstone Evans Group of Raymond James and Associates brokerage firm in Boulder, Colorado. Middle-income students may qualify for a higher subsidized student loan, or may be able to take on a greater work-study load, Johnson said....


Click here to read the rest of the article at YoungMoney.com.