What's the best way to pay for college?
College is unnecessarily expensive. All students are encouraged to go, but are never advised on how to pay for college. What is the best way people have found to be able to afford college and pay off student loans?
#broke #collegefunds
2 answers
LaTonia’s Answer
College can be expensive, but not unobtainable. First, determine if you qualify for any “free money”. Free money is essentially money that does not have to be paid back. This includes government grants and scholarships.
In order to see if you qualify for any free money, you will need to complete a FASFA (<span style="color: rgb(34, 34, 34);">Free Application for Federal Student Aid)</span>. Your guidance counselor will be able to assist with how to complete. You will then receive an estimate of how much you may qualify to receive. To check out the FASFA site, search fasfa.gov.
Scholarships can be academic, athletic, or interest based. Many organizations offer money to students based on the major and career path they intend to select. Check out fastweb.com for a database of thousands of scholarships to apply for.
When I made the choice to go to college, I looked into the free money and was able to get a scholarship to pay the bulk of tuition and fees. I also got a work study job on campus. There are also opportunities to be a resident assistant in the dorms and in doing so; your housing will be free of charge.
LaTonia recommends the following next steps:
Ken’s Answer
During my many years in Human Resources and College Recruiting, I have found that the best way to go to college is be thrifty and try not to over extend yourself and end up with huge college debt, which is extremely difficult to pay off. Like any investment, you need too look at making the least expenditure that will have the highest return on your money.
Ken recommends the following next steps: