When you’re considering going to college, one problem which stops many people in their tracks is the cost. It’s not uncommon that the great majority of people cannot afford to pay for school out of pocket. College is very expensive and most colleges or universities will cost from tens to hundreds of thousands of dollars (or more).
There are several ways to get money to aid in paying for your education. The most common ways are grants, scholarships, and loans. Grants and scholarships are both very similar, you will find they are basically free money. This is money which goes to schooling, housing, or your textbooks, and does not have to be paid back. The government offers a few grants, including the Pell Grant, for people that have a low-income. Scholarships are usually offered by community orgaizations firms, or highschool sponsors themself. They are frequently given based on need, academic attainment, associations and clubs you join, grades/SAT scores, or are based primarily on a creative work, like an essay.
Student loans are a different issue. This is money you use for college, and has to be paid back . You might possibly be able to borrow cash from the government at low rates, but only up to a specific amount of money. Anything over the govt limit will have to be done by a private loan company, which can be very expensive. If you arrange a loan spend the money awfully carefully because with interest you’ll pay back a multiple of the initial amount.
If you would like to ask for monetary help, you must fill out a FAFSA, the Free Application for Federal Student Aid. This will let you sign up for government loans and grants at the same time. You’ll need your tax records as well as your parent’s tax returns when you fill it out.
Scholarships can be located on the internet, in books and from school counselors. Make an application for as many as you find yourself suitable for. You’d be amazed at how many people don’t apply, so you have a lead. Remember that free money trumps money that you must pay back!