How to Pay for College

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Discover how to pay for college with the help of our financial aid guide. You will learn about why go to college, what are ways to finance your education expenses, what is FAFSA, what are sources of …

Discover how to pay for college with the help of our financial aid guide. You will learn about why go to college, what are ways to finance your education expenses, what is FAFSA, what are sources of college financial aid and other important information on paying for college. Read our guide today.

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  • 1. How to pay for College FINANCIAL AID GUIDEWWW.STUDENTAIDANSWER.COM
  • 2. Why Go to College?Earning PotentialCareer GuidanceSelf-esteemAnd more…
  • 3. Education PaysMedian Weekly Earnings, Age 25+, December 2010 National Average $788
  • 4. More Education = More MoneyUnemployment Level of education completed Mean (average) rate in 2010 earnings in 2010 14.9% Less than a high school diploma $28,184 10.3% High school graduate, no college $39,988 9.2% Some college, no degree $46,228 7.0% Occupational program $46,332 7.0% Associate degree $49,764 5.4% Bachelor’s degree $72,020 4.0% Master’s degree $82,576
  • 5. Plan to Go to CollegeGreat! I’m planning to go tocollege. But…  What are ways to finance education costs?  What is financial aid?  What is FAFSA?  When and how to apply? Where can I get help?
  • 6. Ways to Finance College Financial Aid Programs 529 Savings & Prepaid Tuition Programs Employer Tuition Benefits Tuition Payment Plans
  • 7. What Is Financial Aid? Financial aid refers to specific borrowed, given, or earned money that can be obtained from various sources to help pay for college. College is expensive. But financial aid makes it affordable. There are many types of financial aid…
  • 8. Types of Financial Aid
  • 9. Sources of Financial Aid
  • 10. How to Apply?Application is the key to success! To be considered forstudent aid, complete all forms required by a college.
  • 11. Free Application for Federal Student Aid (FAFSA)Completing a FAFSA is the first and the most important step! AFAFSA is used to apply for state and federal financial aidprograms (loans, grants, work-study). In addition, some collegesuse it to award institutional aid. Be aware of scams, the applicationis free.How to Access FAFSA?•Call 1-800-4-FED-AID (Paper FAFSA)•www.FAFSA.gov (Online version)•www.FAFSA.gov (PDF version)When to Apply?•First date to submit FAFSA is January, 1.•Tip: Apply Early! Don’t play a waiting game!
  • 12. Financial Aid Process
  • 13. 7 Ways to Pay for College How to get it? Do I have to repay it?1. Savings Save money2. Current income or Find a job or ask for helpfamily support3. Grants Apply for financial aid No4. Scholarships Apply for financial aid No5. Work-study Apply for financial aid No, earned through work6. Loans Apply for financial aid Yes, with interest7. Community/Military Volunteer or join the military No, earnedservice through service
  • 14. Get More HelpU.S. Department of EducationFederal student aidhttp://studentaid.ed.gov/Student Aid AnswerLoans, scholarships, grantshttp://www.studentaidanswer.com
  • 15. www.StudentAidAnswer.com