Best Financial Aid
Financial Aid Information Brought to You by Grantford
As a college student or family member, you know that there are many sources available in terms of financial aid for college. Loans, grants and scholarships are the usual three that come to mind. Any or all three of these will be beneficial to any student seeking money for higher education; but which is the best financial aid?
Let’s consider the obvious. Loans are a fine way to assist in paying for school, and students don’t have to worry very much about them until they graduate. The problem here, however, is that student loans accrue interest throughout the course of one’s education AND 6 months after graduation when payments begin (i.e. Unsubsidized Stafford Loan). Because of this, students tend to owe more than they borrowed, which becomes overwhelming.
That said, many people would likely agree that “free money” is the preferred way to go. Of course, in most cases, students have a combination of free and borrowed money. To play more active roles in our college finances, it helps to keep our eyes peeled for great options. Let’s discuss some grants and scholarships now.
The following two grants may be something to add to your personal checklist.
Think about some scholarships as well. Scholarship money typically ranges from $500 to around $2000, but may sometimes cover way more (athletic, various academic scholarships, etc). Here are a few that are available.
Any financial aid that a student receives can be of great help. The best financial aid is certainly up to the individual, but it makes sense to minimize college debt right out of the gate. Free money such as grants and scholarships don’t have to be repaid later, and these could turn out to be your best financial aid.