Last updated 13 hours ago
Returning to school to earn a college degree is a great way to increase your knowledge and broaden your career options. However, many potential students do not apply for college due to the assumption that they will not be able to afford tuition. Take a look at the following guide to learn how you can finance your college education:
The Free Application for Federal Student Aid, or FAFSA, is an application submitted at the beginning of the calendar year by individuals who are planning to attend college. This application is used by the federal government to determine a student?s eligibility for federal grants and student loans. Be sure to file your FAFSA as early as possible to ensure that you receive the maximum amount of financial aid that you qualify for.
- Take Advantage of Student Loans
After you have filed your FAFSA, you will receive a notification explaining any grants that you have been awarded and the amount of financial aid that you qualify for in the form of student loans. These loans offer students a number of benefits, including a low rate and interest that does not begin to accrue until after graduation. After you have determined how much funding you have from personal and private sources, calculate the amount of student loan money you will need.
- Apply for Private Grants and Scholarships
There are many private grant and scholarship funds that have been established by businesses, organizations, and individuals to assist college students. Many of these scholarships are geared toward students who meet specific qualifications based on income, academic achievement, demographic information, and educational goals. You should begin searching for scholarships about a year before you plan to attend college and continue looking for private funding throughout your education.
At Wayland Baptist University, we are committed to helping students finance their education through federal financial aid and scholarships. To learn more about funding your degree at San Antonio?s Wayland Baptist University, call us today at (210) 782-9665.
Source: http://www.waylandbaptistuniversitysa.com/403183/2012/03/22/a-guide-to-financing-your-education.html
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