going to garrett: financial aid
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During the weeks leading up to Orientation, each Thursday we have been sending a GOING TO GARRETT newsletter with pertinent information for new students. This week's newsletter covers financial aid.TRANSCRIPT
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GOING TO GARRETT: Financial Aid
Keeping Seminary AffordableFinancial Aid can often be a stressful topic for students. At Garrett-Evangelical we seek to help youthrough that stress and make sure you are making the best decisions for yourself, both now and in thefuture. We strongly encourage you to be proactive this summer so that you are ready to go this fallsemester. Here are a few steps to consider:
Make a budget, and stick to it. Having a budget helps you strategize and prioritize. Before youarrive for orientation, build a monthly budget to make sure you don’t over spend on eating out orunder spend on graduate school necessities like lots and lots of books.Cut up those credit cards now. They have much higher interest rates (14%) than student loans(5.4%). It’s much better to use a student loan than to keep using your credit card.Consider getting a job. Graduate school is demanding, but a job is feasible for most students.Having employment is a great way to continue gaining valuable work-related skills, while alsomaking money to cover food and other monthly miscellaneous expenses.Talk to your home church(es) about supporting you financially. Many congregations already havescholarships available, and if not, ask for a special collection or get permission to fundraise at thechurch.Finally, plan to graduate on time, if possible. The number one way to limit student debtaccumulation during a degree program is to graduate on time. Deferring graduation for an extrasemester or even a year means more living expenses and the loss of a full-time income. Keep thisin mind when registering for courses and meeting with your advisors.
Federal AidIf you’re interested in federal financial aid (Stafford loans and Federal Work Study), you must completeyour 2014-2015 FAFSA. Our FAFSA school code is: G01682.
Questions?Need more information about scholarships, student loans, or financial aid in general? Feel free to contactour Director of Financial Aid, Jason Gill at: 847-866-3987 or [email protected].
To reach the Office of Admissions, call 847-866-3945 or email at [email protected].
2121 Sheridan Road | Evanston, IL 60201 US
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