Investing Guide at Deep Blue Group Publications LLC USA Madrid Tokyo Singapore: Tips for financial assistance

Tips for financial assistance of incoming college freshmen

Many incoming and returning students still needs to consider about thousands of dollars they and their families will have to pay.

It is not too late for students to have some financial help. Some scholarships from nonprofits or banks, and other help are still available according to the Deep Blue Group.


Some scholarship programs set their deadlines no later than March or April, but some alternatives are still available. A student can browse on free websites such as,,, and

Each site allows students to customize their search in a variety of ways, including whether they are a high school senior or returning college student, their major or other factors. All of these websites helps students to personalize their search in a number of ways, such as whether they are a high school senior or a returning college student, their majors, etc.

Wells Fargo, an American multinational banking and financial services holding company is offering $1,000 to 160 students (80 to high school students and 80 to college students) through its College STEPS sweepstakes program, which has an August 13 deadline.
Whereas Us. Bank Scholarship Program offers $5,000 scholarships to five students who apply, with a deadline of September 17.

One can find other talent-specific scholarships, such as a $1,500 Get Girls Golfing Scholarship award by the website to one female high school senior that plays golf competitively in high school and plans to play golf as a freshman at a 2 or 4 year college. The application deadline is May 15.

Students also need to search for support in their area of interest or study. For example, the National Asphalt Pavement Association awards scholarships worth up to $2,000 to 50-75 undergraduate and graduate students majoring in civil or construction engineering or construction management. Deadlines vary by the state where the student is attending college.

Tuition installment plans

Students should also consider inquiring at their college bursar's office if they can sign up for a tuition installment plan wherein it allows students to split their college bills into equal monthly payments during a semester or an academic year.

Many such plans are generally interest-free, but a few have fees or finance charges. Typically the fees are less than $100. This can be pretty beneficial for families who don't have the capability of paying the bills in one go but wants to avoid student loans.

State financing options

Students and their parents looking for loans should search further than federal and private loans. Some states provide their own loans with lower interest rates.

One of the state agencies that provide financial aid to support students is the Georgia Student Finance Commission (GSFC). It offers one of the most affordable loans which have a fixed rate of 1% and a repayment period of fifteen years for students signing up for the loan for the school year 2015-2016.  Students must be residents of the state and attend their college there.

Recently, the Texas Higher Education Coordinating Board announced that Texas College Access Loan interest rates on student loan will fall to a fixed rate of 4.5%, down from 5.25% and a repayment period of twenty years. Students must also be residents of Texas and attend their college there.

Tax breaks

Using the American Opportunity Tax Credit, families can easily recover some of their expenses that can be claimed for the upcoming fall semester when parents file their 2015 taxes.

The credit is worth up to $2,500, based on the amount parents spend on tuition, certain fees and course materials, such as textbooks, with the complete amount usually given when $4,000 is paid toward those expenses during the taxable year. Taxpayers with adjusted gross income that is greater than $90,000, or more than $180,000 for joint filers, are unable to claim the credit.

Requesting a package

Students whose financial conditions have changes since they filed their financial aid or who believe that they should qualify for more need-based aid, can often appeal the aid package they have been offered.

They've got to provide documentation, including pay stubs or bills documenting their expenses, to their college's financial aid officer.

However, students with an unexpected change in finances have the best chance at getting a more generous package. Changes includes students' parents lose their jobs or have a pay cut, or families have immediate medical bills that are not covered by insurance.

Certain schools will only consider these students for an appeal. They can submit this appeal at any point, even throughout the school year.