Know the sources to develop your funding strategy

Make a plan to be savvy with your education funding. After submitting applications for aid, gather as much information on your funding sources as possible. Learn the conditions of each award. Identify important items, including:

• Time frame (one-time, renewable)
• Academic and enrollment requirements (for example, GPA or full-time enrollment)
• Specific cost limitations (e.g., tuition only)
• Repayment terms (interest rates, grace periods, etc.)
• Special requests (e.g., submitting a thank-you letter)

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