NJASFAA Press Release

College students are urged to file their financial aid applications now for the upcoming Fall, 2004 and Spring, 2005 semesters.

The advisory comes from David Sheridan, President of the New Jersey Association of Student Financial Aid Administrators (NJASFAA). "Students and parents should take advantage of the available financial aid from federal, state and institutional sources," said Sheridan, Assistant Vice President for Student Services at Stevens
Institute of Technology in Hoboken.

The Free Application for Federal Student Aid is available at high schools and colleges, or can be completed on-line at www.fafsa.ed.gov. It is the only document required to secure Federal and state aid, and is free of charge. Some schools may also require completion of an institutional form in order to secure school aid.

Once the FAFSA is processed, it may determine student eligibility for loans, grants, or work study opportunities.

Although many families are apprehensive about the rising costs of higher education, ample funding by both the Federal and New Jersey State governments puts higher education within reach of even the neediest families.

"Every individual who wants to attend school should be able to do so thanks to financial aid," Mark Singer, Financial Aid Director at Ramapo College, said. "There may be some sacrifices, but funding should not be a barrier."

New Jersey residents are particularly fortunate because of the state's longtime commitment to help needy students. The state ranks 5th in the country in total need-based dollars, and more than 61,000 receive state Tuition Aid Grants.

Applicants who have questions about the filing process can call a nearby college for assistance.

NJASFAA this year is celebrating its 35th anniversary. The association is dedicated to educating students, families, educators, legislators, and other constituencies about financial aid. Membership numbers about 400 from over 100 colleges, universities, proprietary schools, lenders, and government throughout New Jersey. Activities include awarding scholarships for needy students, a Speakers Bureau available to schools and other groups, training for membership and sponsorship of an annual Hot Line for prospective students and families.