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fafsa
i though fafsa gav grants and i didnt hav to pay them back.
here is a link to my previous question
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FAFSA offers a number of financial tools to help you pay for college. SOME of them are grants. State and/or Federal. And you do not have to pay them back. Some of the are subsidized student loans. That means that the government pays the interest on those loans until you start paying them which can be as late as 6 months after you graduate or quit college. Students are allowed to borrow up to $4,500 per semester in subsidized loans. There are also work study programs where by the goverment will give the school a certain amount of money towards your education costs and the school will hire you to do some work for them to cover these cost. My son received $2,400 in work study funds for this year. There are also parent loans, which can be up to just about any amount based on their income, and the parents loans have to be paid back much sooner than the student loans. And then there are the unsubsidized loans that banks and lending institutions are willing to lend to students who have good credit, are gainfully employed and who have a co-signer, like a parent.
So put all those things together and it all helps to pay for college. You have to re-apply every year. Every year in Jan or Feb. you should fill out a new FAFSA for the upcoming Fall & Spring Semesters. EVen if you don't get funds the first year, you should fill one out every year.
There are also scholarships from all kinds of companies and organizations that you can apply for which would be in addition to any of the above, and do NOT have to be paid back. YOu can find out all about hundreds of scholarships by going to fastweb.com and filling out an application. There might be some scholarships available from companies and organizations right in your own community. Your high school should have information on them.
Going to a private college can be very expensive, and it is hard to find all of the funds you will need to pay for it. Going to a state university or college in the state where you are a legal resident can be much more affordable. Commuting to college rather than living on campus can save you a lot of money too.
For example my son attends state college here in CT. He commutes. Yearly cost $8,000. His girlfriend is from Illinois. She attends the same college, she lives on campus. Yearly cost $23,000.
Hope this helps. good luck to you don't get discouraged. It is still worth it. you just have to be real proactive to find the funds to pay for it.
Michele
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