How To Find Money For College: Finding College Scholarships

Posted on 11 October 2011

How To Find Money For College: Finding College Scholarships: Competition is getting incredibly difficult for kids regarding college. University standards are raising both at the state level and at private universities, as now, college doesn’t seem to be that much of an option. If you want to get a job in this depressed market, trying to do so without at least a BA or a BS is darn near impossible. However, how should someone go about paying for college? We here at Make Easy Money 365 have you covered in regards to how to pay for college.

Learn How To Find Money For College!
Check Out: The Scholarship And Grant Guide!

Using a 529 Plan – The 529 Plan is a fantastic device that can be used for saving for any educational purposes. If you are a parent, even if your child is just a newborn, we suggest putting any disposal money that you have into a 529 Plan for your child. The 529 Plan operates like a Roth IRA. You can put money into the plan and invest in anything from CDs and bonds up to stocks and mutual funds. As long as it is used for educational purposes, the income that the investment nets you is never subject to income tax to anyone. The best part about this is that the money is transferrable from generation to generation, so even if your child doesn’t use the 529 Plan, that money can be transferred to anyone else that you would like without any tax consequences. And, to make matters even sweeter, that money doesn’t even have to be used for college. Private school, supplies for schools, secondary schools, Masters or Doctoral programs… heck, even private tutoring! Your 529 Plan can be used for it all.

Applying for Federal Financial Aid – Private student loans are tough to come by nowadays. It used to be that students would be able to get loans from all over the place for college. Sure, they were at terrible rates for the most part, and they were rarely dismissal in bankruptcy cases, but they were available. The government has opened up a slew of different ways to get college loans, and for the most part, they are all condensable and are at lower interest rates than the private loans ever were at. You can check out StudentLoans.gov for some of the best ideas for finding student loans.

Apply For Sallie Mae, Stafford, and Perkins Loans – Sallie Mae, Stafford, and Perkins Loans are some more of these governmental programs that was founded to help students out. These are loans that every single college student should be applying for. Interest rates are incredibly low on these loans, and the interest rates are normally ridiculously low and sometimes don’t even start to accrue until after you’re finished with college! Even if you are in a family that is in the middle class or even the upper middle class, there is a good chance that you can qualify for these loans.

Never Think That It’s Too Late For Scholarships and Grants – Scholarships aren’t only reserved for those A+, 4.0 GPA students. Even if a student doesn’t qualify for financial aid from their university of choice right away, there are still scholarships out there for athletics, community service, educational grants, and all sorts of other things. When you are accepted to a college, be sure that you talk to the financial aid advisors, not just in your high school, but at your college as well. Talk to prospective professors to see if they have internships and grants open, as most of them have the ability to find at least a little bit of money. Every little dollar counts!

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