Katie needs the cash

Katie is trying to decide the best order to do things. Watch her decide, then vote on whether you think she’s right.


Katie is in her junior year of high school. She wants to take the right steps, in the right order, to have enough money to go to college.
First I’ll find out about bank loans. Senior year, I’ll start applying for scholarships and grants.
I’ll start looking for scholarships now; senior year my family will complete an application for federal student aid.
Junior year I’ll calculate how much I can earn in college and after. Senior year I’ll find out about getting a federal loan.
Is this the best sequence of steps for Katie?
You're right! Katie made the best choice.
Actually, there is a better choice.
You're right! There is a better choice.
Actually, Katie made the best choice.

Katie needs the cash … continued

Katie’s best choice is to start looking for scholarships junior year and apply for federal student aid in January of her senior year.

Best Choice

Why is this the best choice?
There is competition for both scholarships and federal grants. It helps to apply as early as possible for both.
Scholarships and grants have to be repaid. She needs to know whether she can afford to repay them.
She can only qualify for federal student aid if she is selected for one or more scholarships first.
She cannot qualify for federal student aid if she is selected for one or more scholarships first.
Right! The earliest she can apply for federal student aid is in January of her senior year of high school.
Sorry … this isn’t a true statement. Scholarships and grants don’t have to be repaid.
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If one school costs more than another, it doesn’t guarantee that the quality of education will be better. Consider other factors, such as the school’s academic strength in your areas of interest.
Katie needs the cash Prepare yourself Your action plan & timeline Steps in the application process Apply for financial aid! Compare two financial aid packages