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College Funding

Financial Preparation Checklist for Parents

PRE-HIGH SCHOOL:

  • Start saving money for your child's college education.
  • Investigate different ways to save money - buying U.S. Savings Bonds or opening a savings account in a bank, etc.

HIGH SCHOOL:

9TH GRADE

  • Continue to save for college.

10TH GRADE

  • Continue to save for college.

11TH GRADE

  • Help your child investigate the availability of financial aid from federal, state, local, and private sources. Call the Student Aid Hotline at the U.S. Department of Education (1-800-4FED-AID) for a student guide to federal financial aid. Have your child talk to his or her guidance counselor for more information.
  • Help your child investigate the availability of scholarships provided by organizations such as corporations, labor unions, professional associations, religious organizations, and credit unions.
  • If applicable, go to the library with your son or daughter and look for directories on scholarships for women, minorities, and disabled students.

12TH GRADE

  • Make sure your child completes all necessary financial aid forms, including the Free Application for Federal Student Aid (FAFSA) from the U.S. Department of Education. Call 1-800-4FED-AID; TDD 1-800-730-8913 or visit the FAFSA web site at: www.fafsa.ed.gov.
  • Continue to save for college.
Youth Task Force of Martha's Vineyard