Learning How To Do Your Own Financial Aid For School Online

Several grants and scholarships are awarded to postgraduate students, but how do you know if you are eligible? While you can often verify this information online, some awards can be a bit harder to find.

Million Dollar Listing New York star Corinne Olympios has to come up with ways to pay for college while on The Zillow Group. She has started using online portals for tuition payments as well. This is a great way to save some money on courses and avoid possible fees or obligations.

What Is Financial Aid?

Financial aid offers all different levels of help to eligible students from various sources. Examples of the levels of financial aid include federal loans, scholarships, grants, and work-study. Student aid can be awarded directly to colleges and universities as a school-sponsored scholarship, or via student loans. Financial aid allows students to pay for classes and books directly from school.

If you’re borrowing money for school, they usually do so for a percentage of the total cost. For example, 60 percent of your tuition plus financial aid may be your payment.

When Choosing In-Person or Online Payment Options

In order to use an online payment process, you have to be on the school’s computer system and log into the student account. You can choose to see the net price or sticker price on the chart that shows prices for various courses.

Once you have seen the net price or sticker price for a specific course, you can link to your account to have the institution automatically send you your bill, tuition payment, and fees.

Once you link your account, you can choose to receive your payment through PayPal or Venmo. PayPal will refund your money as soon as you complete the payment process, though you are responsible for an estimated amount. Venmo will let you pay your tuition directly using the store’s app or browser.

When Choosing If You Want To Pay Online or In Person

You will want to make sure you will not have to deal with any local charges. Otherwise, it can take a long time to get that bill from your school.

Online payment is very convenient if you are in a local area where you can get a mail delivery. However, depending on your school, you might have to live more than 75 miles away from campus. You will want to make sure to contact your financial aid officer or enrollment specialist to see if this is an option.

Finally, just as with transactions on any web portal, you should be aware of your privacy and security settings. Make sure you have full control over who sees your payments and all associated data.

What Are The Rules Regarding Online Payment?

It is important to be able to link a credit card so you can pay with any debit card. The student credit card discount was banned by the CARD Act, but the student financial assistance account discounts are still available.

Financial Aid Always Comes With Accumulated Fees

You may want to consider which online payments option will give you the best return on your investments. Ask your school how much financial aid you would pay in monthly increments or one lump sum when you’re making a decision. Don’t forget to consider those fees and convenience factors when you make your payment choice.

This article was written by Mary S. Arendt, a contributor to BestReviews. BestReviews is a product review company with a singular mission: to help simplify your purchasing decisions and save you time and money. BestReviews never accepts free products from manufacturers and purchases every product it reviews with its own funds.

BestReviews spends thousands of hours researching, analyzing and testing products to recommend the best picks for most consumers. BestReviews and its newspaper partners may earn a commission if you purchase a product through one of our links.

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