Students who will be receiving funds from the Direct Loan program need to know if the school is a participant in the Direct Loan program or not. High School Guidance Counselors do not always provide the assistance they should. Information about financial aid should be sent to students and parents at the beginning of the high school senior year. Most people who call the school already know the answers to their questions, but feel better confirming they have the right answer with the school before they put it down. Businesses are playing on the fears of consumers and making money off of them.
Accountants know so little about financial aid.
There are many problems. They do not go to any of the seminars financial aid administrators do. An important concern is getting taxes done on time to meet financial aid obligations. The time frame for applying for financial aid is tight, and it does not seem right that parents have to estimate their taxes to meet their obligations. Parents believe they have to call the school all of the time for financial aid information.