How To Pay for College
Grants From the Government
Many states offer grants (that you don’t need to pay back) that you can take advantage of today. These grants can go a long way towards helping you with your college costs. If you DON’T complete an application for a grant, you’re likely to leave behind thousands of dollars on the table (according to a study done by Sallie Mae).
Financial Aid From the School
Financial aid differs from a scholarship in that a scholarship is typically merit-based. This means that you need to “earn” your scholarship by being excellent in your academics, extracurriculars, or some combination of the two. With need-based financial aid, you don’t need to worry about this.
No “how to pay for college” post is complete without mention of scholarships! A scholarship is a grant or payment made to a student to support their education, awarded based on academic or extracurricular achievement, and (if used right) can go a long way towards helping you pay for college.
If you aren’t eligible for any financial aid and can’t access any grants, you can still get help paying for college through student loans. When considering student loans, always prioritize federal loans over private ones.
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