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Consider Using a College Financial Aid Advisor for Federal and Private Student Loans

Financing higher education can be overwhelming, especially if you are going through the process for the first time. Everything from your family’s financial status to your education plans will play a role in determining how much college financial aid you are eligible for in the way of grants, scholarships and federal and private student loans . If you are applying for student loans and other types of tuition support for the first time, consider building a relationship with a financial aid advisor who is familiar with the process.

The Role of an Financial Aid Advisor as you Apply for Education Loans

Your financial aid advisor will be there to guide you through the entire college financial aid process, from financial planning through application and award acceptance. They can help you make sure that you are taking full advantage of federal college financial aid options by correctly filling out your Free Application for Federal Student Aid (FAFSA) and making sure you remain aware of important student loan deadlines. Additionally, they can help you to understand you options for private student loans if needed.

Once you have submitted the FAFSA and your Student Aid Report (SAR) is distributed, an advisor from your college’s financial aid office will present you with your student reward package and work with you to make important decisions about accepting it. They can help you to understand the different forms of financial aid you have been offered and also help you make decisions between different education loans where applicable.

Choosing a College Financial Aid Advisor

When it comes to financial aid advisors, you generally have two options. You can choose to work with someone in the financial aid department at your college or university, or you can seek a private loan advisor. The decision will most likely be made in relation to your level of need at the beginning of the process.

A private advisor may be able to get involved with your family earlier in the process, providing more personalized support and walking you through the process of applying for student loans and other aid. They will also be able to provide a single point of contact, available at all times for your family.

If you are working with your college financial aid office, you may end up talking to multiple representatives and will have to share time with many students going through the same process, but this option shouldn't be overlooked. It is a free service, and the advisors are very knowledgeable and accustomed to working with families through the process. If you are looking for general guidance, your school’s advisor may be all the help you need.

Content was created and provided by RBS Citizens Financial Group.