Going to college is a very exciting time in a person’s life. For students, a college education is another expense but it is also an important investment. Financial Aid can help you pay for a college education however the financial aid offered by a college or university may not cover all expenses at that school.
In addition, the Financial Aid you may receive can be in the form of loans. The loans you borrow for your education must be repaid. You should consider the expected expense of the school you are interested in attending to determine if you think it will be affordable.
The following are ideas for Students that can help make a college education more affordable. More detailed information is available by visiting "Pay for College" at Mapping Your Future's website.
Save for College: It is important for families to save in order to help pay for college. There are programs that assist families with saving money.
Financial Aid: Students should apply for financial aid each year you plan to be enrolled. Students should follow the school's financial aid application process and in addition, search for funds on their own.
Tax Credits: Once a student is enrolled, there are tax credits and deductions available for those who have paid some of the school expenses. Students should contact their tax preparer or visit the IRS website for more information.