Top Recommendations for Financing College Tuition
When you're daydreaming about your freshman year of college, financing college tuition is probably the last thing you want to think about. However, there are tons of tips and tricks to make financing easier. From scholarships to FAFSA to public service, any student can find help in a variety of places. Learn all about the different sources for financing college tuition, and be sure to consider CashMax for your personal loan services!
Start Early
Proper planning is the key to your success. Remember: You're competing with hundreds of other students, so you have to think ahead. Do you qualify for any scholarships or federal student aid? Don't wait until days before the deadline! Earlier candidates may have an edge on procrastinators, since some aid is claimed on a first come, first served basis. Get out your calendar and start scheduling!
Save Often
If you want to make the most of your money, you'll want to start saving as early as possible. Even smaller amounts of money over time can make big gains in compound interest. Also, consider saving your money under your parents' names rather than your own. Student assets are assessed differently than parental assets, so you may hurt your chances at a big financial aid package if you keep your money in your own account.
Selecting Schools
It's good to cast a wide net when it comes to selecting your future alma mater. Schools vary in their ability to give funding, so do some research. Work colleges may be a good choice for you, or you might want to search for schools that offer full-tuition scholarships. But, no matter which schools make your short list, be sure to file your FAFSA! This important document qualifies students for federal aid, which can be a major help when financing college tuition.
Planning Ahead
What happens after you graduate? If you're worried about student debt, then look into the public service professions. Careers in social work and education are incredibly rewarding, but they also may qualify you for the Public Service Loan Forgiveness Program. This program forgives the federal debt of eligible full-time public service workers after ten years of consecutive payments. If you are majoring in related fields, this may be a great way to give back while working down your debt.
