5 On Your Side
Wondering how you are going to pay for college this semester? Here is a helpful tip
With so many jobs lost this year --- many people are wondering, how are we going to afford this? But, if you are going through a financial struggle, you can ask for help from your financial aid office. Here is how.
GLASS UP. >> 75% OF THE BOARDED UP BUSINESSES ARE OPEN NOW. THEY EXPECT THE REST OF THE BOARDS TO COME DOWN WITHIN A MONTH AND MOST BUSINESSES ARE JUST WAITING ON GLASS REPLACEMENTS. >>> WAS SO MANY JOBS LOST, MANY COLLEGE STUDENTS AND THEIR PARENTS WONDER HOW ARE WE GOING TO WILL FOR THIS? IN BACK-TO-SCHOOL HEADQUARTERS REPORT, MONICA TELLS US A CHANGE IN FINANCES COULD MEAN A HELPFUL CHANGE IN FINANCIAL AID. >> Reporter: WHILE COLLEGE STUDENTS ARE BACK ON CAMPUS, SOME FAMILIES ARE BACK TO THE DRAWING BOARD ON HOW TO PAY FOR IT. THERE IS AN OPTION YOU MAY NOT HAVE HEARD OF, EVEN IF YOU'VE ALREADY ACCEPTED A FINANCIAL AID PACKAGE. IT IS CALLED PROFESSIONAL JUDGMENT.>> IF SOMETHING HAS CHANGED IN THE FAMILY, THIS IS THE OPPORTUNITY TO ASK FOR ADDITIONAL AID. >> Reporter: SHE OWNS STEPS TO THE FUTURE IN FAYETTEVILLE, SHE HELPS STUDENTS WITH COLLEGE APPLICATIONS, SHE SAYS PROFESSIONAL JUDGMENT IS APPEALED THROUGH YOUR FINANCIAL AID OFFICE, AND CAN APPLY TO MANY SCENARIOS. JOB LOSS, MOUNTING OUT-OF- POCKET MEDICAL BILLS, EVEN IF AN ELDERLY RELATIVE MOVES IN WITH THE FAMILY.>> THE MOST IMPORTANT THING IS THAT YOU HAVE TO HAVE DOCUMENTATION, TO SHOW. THAT THERE WAS A CHANGE IN INCOME.>> Reporter: SHE SAID ONE OF THE STUDENTS RECEIVED AN ADDITIONAL $5000 IN AID BUT JUST KNOW IT IS NOT GUARANTEED. >> IT DEPENDS UPON THE COLLEGE'S FINANCIAL CIRCUMSTANCES AND THE DOCUMENTATION SO THERE IS NO STANDARDIZATION BETWEEN COLLEGES. IT DOESN'T HURT TO ASK AND ALL THEY CAN DO IS SAY NO.>> Reporter: CHECK WITH YOUR FINANCIAL AID OFFICE TO SEE IF IT IS AN OPTION FOR YOU AND