The ongoing recession means more students will look to grants, scholarships and loans to pay for school, said Claude Walker, Illinois Student Assistance Commission spokesman.
About 14.7 million people have filed for financial aid this year by submitting the FAFSA, compared with 13.3 million who filed at this time last year, according to information from the U.S. Department of Education
said that students seeking aid shouldnï¿½t wait.
ï¿½There is unprecedented demand for financial aid,ï¿½ Walker said. ï¿½A lot of financial aid scholarships and grants are given out on a first-come, first-served basis.ï¿½
suggested that students should fill out the FAFSA ï¿½ the foundation block for all financial aid, including grants, loans and scholarships ï¿½ at the same time as their income taxes.
The form, which can be completed online, is known for its length and detail, but Walker
said students shouldnï¿½t be intimidated.
said that had become a sad necessity for many students.
said that, unfortunately, it was a realistic fear.
ï¿½A lot of banks have turned their backs on student loans,ï¿½ he
Jacksonï¿½s plan is to go to Illinois State, but if she
doesnï¿½t receive enough aid to cover the costs, sheï¿½ll go to MCC
ï¿½Iï¿½ll be paying for college myself,ï¿½ Jackson said.
said even if students had to hunt, it was important to find ways to pay for school.
ï¿½Over a personï¿½s life,ï¿½ he
said, ï¿½[a college degree is] millions of dollars difference in lost income.ï¿½