10 ways to pay for college
High College TuitionThe rising cost of a college education is making it difficult for anyone to afford. This site will give you ideas to help you get the money for your college education.
GrantsGrants are a different type of animal. They don't have to be repaid, therefore are to be highly prized. Far scarcer than loans and scholarships, they are often dependent on the student's financial need.
4. Pell GrantsThe maximum award for the 2012-2013 school year is $5550. The amount available each year depends on the Federal funding given. The criteria for eligibility include your financial need, your costs to attend school, if you are a full-time or part-time student, and whether or not you will be attending the full year or not.
6. TEACH GrantsFederal TEACH Grants are available to students who are willing to teach in a high-need field, at an eligible school that serves students from low-income families for at least four academic years after graduation.
7. Institutional GrantsMany colleges provide grants to help make up the difference between college costs and the family's expected contribution through income, savings, loans, and student earnings.
Other institutional grants, also known as merit scholarships or awards, are earned on the basis of academic achievement. Depending on the school. some merit awards are offered only to financially needy students, while others are awarded solely on merit. You need to check with the individual schools to see what is available.
8. Home equity loansAlways a possibility, a great advantage to home equity loans is that you may be able to deduct the interest paid as long as you are itemizing your deductions on your income taxes. Check with your tax advisor to be sure.
9. Personal loansWhile an expensive way to go, sometimes they are the only thing available.
10. ScholarshipsMake sure you investigate scholarship opportunities. They can come from such diverse places as your school, church, town, work, organizations,
11. Work reimbursementMany companies provide some tuition reimbursement for employees taking university courses to further their careers. Check with your human resources department.
12. Armed forcesEach of the Armed Forces (Army, Navy, Marines and Air Force) have a tuition reimbursement program for their active duty personnel. Many men and women join the armed forces each year to take advantage of the educational opportunities.
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