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.

Compass Bank
(623) 445-2963
22601 N. 19th Ave. Ste. 120
Phoenix, AZ
 
Southwest Student Services
(480) 461-9830
1555 N Fiesta Blvd
Gilbert, AZ
 
MidFirst Bank
(623) 341-3510
3611 W Anthem
Anthem, AZ
 
Cho Thomas Insurance Agency Inc
(480) 777-1100
1474 N Cooper Rd
Gilbert, AZ
 
Bank of America
(480) 365-7280
8750 E Raintree DR
Scottsdale, AZ
 
Meridian Bank
(602) 636-4901
4482 W. Peoria Ave
Glendale, AZ
 
Community Bank of Arizona
(623) 979-1999
6666 W. Peoria #101
Glendale, AZ
 
Arizona C.U. League
(602) 264-6701
10210 N. 25th Ave. #211
Phoenix, AZ
 
M & I Bank
(602) 863-5802
5504 W. Bell Road
Glendale, AZ
 
State Farm Ins. - Sharon Dittmann
(623) 979-0008
20542 N. Lake Pleasant
Peoria, 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.