Paying for College

There are many ways to help pay for the costs of college, which might include tuition, fees, books, and living expenses. Here are five ways to help you pay for college.

Set up a college savings plan with a local bank or credit union for you and your family to save money now. You can earn interest tax-free – which means that you will make money just by putting it in the bank!

Scholarships are free money for college, given for good grades, community service, athletic ability or unique personal qualities. They may range from $100 to the full cost of college!

Grants are money from the federal government that are given to students who need help paying for college. Grants don’t have to be paid back.

Loans are a way to borrow money for college, although you will have to pay them back once you have graduated.

Work-study jobs are part-time positions, often on your college campus, that pay you like a regular job. / Scholarships, grants, loans and work-study jobs are all forms of financial aid. Financial aid is money to help pay for college. Everyone is eligible for some type of financial aid – it’s up to you to go get it!

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