How to Pay for College:  6 Best Ways to Help Pay for College

How to Pay for College: 6 Best Ways to Help Pay for College

August 20, 2019 0 By Stanley Isaacs

Hey, what’s up everyone? If you’re getting ready to go to college, one of the biggest questions
you’re probably asking is how do I pay for it? Well, I’m going to give
you a rundown of the six best ways to help pay for college. Number one, the FAFSA. The very first thing you should
do is fill out your FAFSA. It’s a free form that helps
colleges and the government determine what financial
aid you qualify for, including federal loans. It’s a great form. Don’t forget it. Number two, scholarships. People sometimes think that
if you don’t have straight A’s then you don’t have the
option to get scholarships. But let me tell you that
there are many types of scholarships out there. Some are based on
extracurricular activities, some are based on your background, and some are even random drawings. Check out these websites
that let you search through a ton of scholarships. Fastweb, Scholly, Cappex, and Unigo. You’re bound to find a
few that work for you. Number three, grants. The simplest way to think of grants is as a scholarship that is
given out by the government. The one you may have heard
of is the Pell Grant, which is given out
based on financial need. But there are a lot of
others out there too. The best way to qualify
is filling out the FAFSA. It’s a great form. Don’t forget it. But many states also offer grants, so check with your state’s
Department of Education to see what’s available. Number four, work-study jobs. A lot of people get jobs in college to help support going to school. This probably seems like an obvious point, but you actually have the option to get a work-study job
through your college that is financed by government aid. This is also something that
is connected to your FAFSA. Fill out your FAFSA. Ask your school’s financial aid
office for more information. Number five, federal loans. Once you’ve gotten all the
aid that you qualify for, if you still need more funding, you can turn to borrowing
money for college. Your first option should be federal loans in the student’s name. With these loans, the
interest rates are fixed and they offer flexible repayment plans. And finally number six,
private student loans. Government loans are a great option, but you do hit a cap eventually. When that happens, you can
consider private loans. Private student loans can
bridge the gap between the aid you’ve already gotten
and what you still need. You can borrow up to
your cost of attendance minus any other financial aid you receive. If you’d like to learn more
about private student loans as an option, go to where they can answer
any question you have about private loans. If there’s any one thing
to take away from this other than the obvious, fill
out your FAFSA, it’s this. Everyone has their own path that they take when paying for college, so
explore every option thoroughly and see what is best for you. See ya later. (upbeat instrumental music)