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Financing College

Best ways to finance your college tuition

The best place to start in order to find money to pay for your college tuition is to apply for Federal Student Aid.

There are many forms of Federal Aid available. Almost everyone can qualify for some form of Federal Student Aid.
Single mothers, and students from low income families can feasibly have their entire college tuition paid for with a pell grant. Currently the maximum amount available to students receiving Pell Grants is $4,310.

The Federal Student Educational Opportunity Grant- or FSEOG is another form of Federal Aid. This grant is available to undergraduates who meet the income guidelines. Students who have previously received a Pell Grant will have the best chance of receiving an FSEOG.

The Academic Competitiveness Grant is available to students who have completed a rigorous High School program, are receiving a Pell Grant and are first year students, in their program of study. A second year student may also be eligible for an AC award, by maintaining a grade point average of 3.0 or above.

To find out more about Federal Student Aid programs try the "Student Aid on The Web" site.

(copy and paste the text into your web-browser.)

http://studentaid.ed.gov/PORTALSWebApp/students/e nglish/PellGrants.jsp?tab=funding

Once you have applied to the school of your choice, you will automatically recieve information on Federal Student Aid packages, as well as other possible sources of Financial assistance.

If you believe you may qualify for more than 1 student aid program, it is avisible to apply first for the Pell Grant.
When applying for a Pell Grant you must include information regarding any other grant monies, scholarship awards and/or other forms of Aid you are recieving.

Learn more about this author, Randa Morris.
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