Students » 2006-2012 Cohort » Paying for College
Paying for College
College can be expensive, but you should not let this expense stop you from continuing your education. There are many options available for students to help pay for college. You should contact your preferred institutions’ financial aid offices to find out more about ways to pay for college.
Most colleges require that you complete the Free Application for Federal Student Aid (FAFSA) to be considered for any type of financial aid. For more information, visit www.fafsa.ed.gov.
Check with your preferred colleges’ financial aid offices about financial aid deadlines.
Ways to Pay for College
Saving
Saving money will help you pay for college. Many students rely on a combination of savings, income, and financial aid to pay for college. It’s never too late to start saving for college!
Need & Merit-based Grants and Scholarships
Grants and scholarships are forms of gift aid – money that does not have to be repaid. Students can receive grants and scholarships because of financial need, academic achievement, athletics, or because of their background, college program of interest, or parent’s employer. Start searching early for grants and scholarships and visit.www.ftc.gov for advice on avoiding scams.
Student Loans
Loans do need to be repaid with interest after you graduate or take a break from school. Student loans usually have low interest rates. Before you take out any loans, make sure you understand and agree to the lender’s terms.
Work-study
Many colleges offer part-time jobs to students who demonstrate financial need. Work-study can be used to help pay for educational expenses. There are a variety of jobs available through work-study on and off campus. Students may be able to find jobs that are related to their course of study and be paid at least minimum wage.