You and Your College Fund
Are you in the process of deciding where to go to school? The cost of tuition is often the factor that determines where a student will go to school. The difference in tuition typically depends on what type of school you choose to attend. If your major is offered by most schools, keep an open mind when considering your options. The bottom line: don't rule out a cheaper option because it is so. Cheaper can mean "worse", but is doesn't have to.
- academics or athletics they offer impressive scholarship incentives. Half or full tuition scholarships are not unusual; students who attend these universities typically receive an offer that they simply cannot refuse.
Discuss payment options with your parents
It's decided. You are going to college, come heck or high water. But who's paying for it? Many students assume that their parents are willing to foot the bill for their tuition and are shocked and appalled when they find out that their sneaky folks have plans of their own. Plans, that—gasp—don't include paying for your education. If this is the case, it is better to know sooner that later so that you can investigate your financial aid options.
Estimate how much you can contribute on your own
Did you know that in just one summer, most students can make enough money to pay the tuition for one semester at a community college? If your parents can't help you, and financial aid incentives aren't enough, think about how much of your own earnings you can contribute.
This is one option that I wish I had taken advantage of when I was attending school. There are billions of dollars at your finger tips. Take advantage of the generosity that various organizations advance in the form of scholarship rewards. A dedicated scholarship searcher can potentially earn thousands of dollars.
Apply for aid
Regardless of who is paying for college, submit your Free Application For Student Aid (FAFSA) Form. Your individual financial circumstance will be evaluated and it will determine how much Federal Student Aid you qualify for. If you receive a financial aid package, it will typically be composed of various grants and loans.
Comparing your options
Before registering at a school, wait until you have several offers on the table that you can compare. If you applied to a state, community, and private college, make a list of the advantages and disadvantages of each. Consider these factors when assessing the financial assistance that each will offer you.