The summer season brings carefree days, beach vacations, lots of fun, and relaxation. There’s also a little-known secret that many college students could benefit from during the summer months; a secret that would equal more money for school…  

The period after May 1st has become known as the time when the “summer melt” happens. It refers to students who change their minds and “melt away”, or decide not to attend college in the fall. This frees up financial aid funds giving other students the opportunity to score more money.

If you are on the hunt for more aid, here are some steps that you will want to take…


Follow up.

College is when you find out that you are responsible for your own life.  Do not expect anyone from the school to let you know if and when more funds are available.  Contact your college’s financial aid office no later than early July. Make it clear that you would like more funds to cover your costs. You may have to write an essay for a scholarship or follow up with another person in the department but, it is important to be persistent!

Be upfront.

Keeping the lines of communication open could make a world of difference in receiving more aid.  If something about your financial situation has changed, inform the financial aid office. Maybe there was an unexpected illness in the family or one of your parents got laid off.  Providing concrete reasons why you need the extra funds could work in your favor.


Stay Calm and Cordial.

The decision to attend college can bring on a myriad of emotions.  It can be stressful at times to ensure your education is financed. Remain calm, write down a daily to-do list and follow up whenever you can.  Most of all, do not let your frustrations get the best of you. Courtesy is contagious and you will catch more flies with honey.


It is estimated that about ten to twenty percent of prospective college students decide not to attend school in the fall. This does not have to be you! If the thought of attending school is overwhelming and you are doubting if you will be able to afford it, reach out.  

Your school’s financial aid office may be able to offer solutions that you did not consider. Also, get support from family and friends who you know want to see you become a college graduate. They may be able to give some advice or encouraging words.


Contributor: Candice Davie




You said:

Leave a Reply

Your email address will not be published. Required fields are marked *

Leave a Comment

Created by nationally recognized millennial money expert Tonya Rapley, My Fab Finance is a leading financial education and lifestyle blog for millennials who want to become financially free and do more of what they love.