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College
costs: one year to go
If you've got only one year before your teen enters college, your best bet is to borrow money and consider these financial aid options:
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Loans
Loans have to be repaid, usually with interest. There are many different types of student loans with varying interest rates and repayment terms. Check out Farmers Education Loan Program. |
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Work Study
With work study programs, students can earn money by working part time at the college they attend. |
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Grants
Grants are a type of financial aid that does not have to be repaid. Often referred as gift aid, this type of financial aid is usually awarded on the basis of financial need. |
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Scholarships
Scholarships are usually based on specified requirements, such as academic accomplishments, cumulative grade-point average or participation in special activity. |
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