Figuring out how to pay for college as a transfer student might seem like a challenge at first. However, there are plenty of options available, allowing students to handle their expenses with ease.
WHAT IS A TRANSFER STUDENT?
In the simplest sense, a transfer student is any student who has prior college experience at a specific collegiate level with one school and is planning on attending another to finish their degree.
TRANSFER EXISTING FINANCIAL AID TO THE NEW SCHOOL
In some cases, certain types of financial aid are transferrable, allowing your student to move those awards to their next school. However, this process is never automatic. Instead, your student has to coordinate with their new college to shift any financial aid over, suggesting that’s an option.
NEW FINANCIAL AID FOR TRANSFER STUDENTS
There’s nothing about being a transfer student that inherently disqualifies them from financial aid. As long as the student is eligible to receive it and the school can accept it, transfer students can access a variety of programs.
(...And Avoid Student Loan Debt)