College Readiness

Although students are generally thought of as the ones preparing for the next phase of their lives, parents must also know what to expect from the changes in their own lives. Parental support and involvement are crucial to their child's success after high school.

For more information on parental expectations and financial information, choose from the categories below:

FAFSA

The FAFSA is used to apply for state, federal and college specific financial aid that includes grants, scholarships, campus work, and loans. The application process begins in January when you start gathering the required information. You will need the following for you and your parent(s):

  • Most recent W-2s
  • Driver's license and social security number
  • Record of untaxed income received during the previous tax year
  • Value and debt of business and/or farm (excluding a farm on which you live)
  • Value of investments, excluding retirement accounts and home equity
  • Completed tax returns
  • A PIN number (you each need one). You must get one from www.pin.ed.gov at least a week before the deadline to act as your electronic signatures
  • Some sources of financial aid are deadline driven, so you should annually complete the FAFSA by March 1. Check with the colleges and universities you are sending FAFSA results to determine their specific application deadlines/priority dates requirements.
Education Savings Plan

Savings plans operated by a state or educational institution designed to help families save for college. Participants may receive tax benefits if basic plan requirements are met.

Other Financial Information

Financial advice from National Association for College Admission Counseling