Paying for College: A Financial Aid Deadline Disaster
John was an excellent student. He studied hard in high school, was an involved student leader, aced his standardized tests, and come fall of his senior year, all of his diligence paid off: He was accepted Early Decision to a selective East Coast private college. This college also happened to be the school of his dreams.
John thought his long and arduous trek toward college was over, and he had arrived at his happy ending. Not long after receiving his college acceptance, however, he realized he had missed the financial aid deadline for his college’s Early Decision pool. He called the Financial Aid Office to request an extension and was told no. The college did not offer extensions and, though he could apply for federal student loans, he would not be receiving any scholarship or grant money from the university this year. Disheartened, he asked if he could manage to pull together the funds to pay for his freshman year, would he be considered for aid for his remaining three years?