Grants and loans cover the cost of tuition and books.
Start searching for college funding early as this can be a lengthy and tedious process. Research opportunities carefully to be sure they are the correct fit for you.
Grants
The United States government provides a number of grants to help pay for college tuition. These grants include the Pell grant, the Academic Competitiveness Grant, the National Science and Mathematics Access to Retain Talent Grant and the Teacher Education Assistance for College and Higher Education Grant.
Scholarships
Funding for college is available.
Scholarships, like grants, do not require repayment. Most scholarships are awarded based on merit and they require an application along with an essay detailing reasons you should be awarded funding.
Loans
Loans available to a number of prospective college students include Stafford loans (both interest and interest free), Federal Plus loans and Federal Perkins Loans. A number of banks offer private loans to fund education.
Considerations
Grants are basically free money for school; they need not be repaid. Loans require that all funds loaned are repaid, many with interest.
Misconceptions
Although some believe finances are standing in the way of higher education, federal programs make it possible for people in the lower income brackets to receive federal financial aid for college.
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