Student Aid 101

Congratulations,  you’ve been accepted to college!  Now all you have to do is figure out how to pay for it.  Groan…!

But not to worry…here are three (3) simple guidelines on how to approach college financing:

1. Free money apply for scholarships, grants and work-study programs for funds that you don’t have to pay back

2. Federal Money complete the FAFSA form and apply for low-interest Federal student loans

3. Private Money once you’ve exhausted free money and federal money, apply for private student loans to help pay for the remainder of your college expenses.  Private student loans can be used for virtually anything education-related: tuition and fees, books, computer, Internet access, room and board, commuting and even school fees from last semester.