Did you know that, according to U.S. Census Bureau statistics, people with a bachelor's degree earn nearly twice as much on average than those with only a high school diploma? Over a lifetime, the gap in earning potential between a high school diploma and a B.A. (or higher) is more than $1,000,000. In other words, whatever sacrifices you make for a college education in the short term are more than repaid in the long term.
Non-federal financial assistance programs and requirements often vary from school to school. Always check with your school before applying for financial aid.
Introduction
The unsettling news is that a year at most colleges, especially if living costs are included, starts at about $8,000 and can exceed $40,000.
The good news is that if you need financial aid to help meet college costs, you are likely to receive it. So, this advice is worth remembering: cost should never be a deterrent in choosing the colleges to which you will apply.
Introduction
Types of Financial Aid
When savings and current earnings aren't enough to meet your education expenses, financial aid is designed to fill the gap. Financial aid is money that is given or loaned to you to help pay college expenses. The single largest source of financial aid is the federal government, followed by state governments, colleges and private organizations. Financial aid falls into three general categories: Free Aid, Work Aid and Loan Aid.
Types of Financial Aid
Learn the Loan Process
It's always best to do some preparing before making life changing decisions. So, you should learn about the loan process.
Here we will describe what takes place through the entire process and what roles they play.
Learn the Loan Process
