This begins our series explaining how to find funding for college so you can let someone else pay for itCollege tuition rates for both private and public colleges and universities increased significantly in the past 10 years. At the same time, incomes and investments for students’ parents decreased significantly. As a result, both students and parents find paying for college increasingly difficult. We will explore, in this series, a variety of methods for paying for college and a system for applying quickly and very effectively.
Realities of Attending & Paying for College
A recent study by Rutgers University and another by the Census Bureau describe challenges facing today’s college student and their parents. In addition, NPR recently concluded a series on families including one about paying for college.
Mental Preparation
You need to prepare mentally to apply for the money with confidence. You will enhance your success if you:
- Act, act in faith, and act with excellence
- Accept that committees want to give the money
- Establish exactly how much money you want—not just need
You may consider several methods to pay for college
- Grants
- Scholarships
- Work study programs
- Student loans
- Parent loans for children’s education
- Educational trusts
- Parents
- Student employment
The process I will share will allow you to complete an application in 30-60 minutes. The secret consists of preparing materials that you can reuse repeatedly. Following the guidelines we will share as sources of funding, you will apply for 50-150 different sources. Beginning from scratch each time would waste too much time.
Your reusable materials will include:
- Free Application for Federal Student Aid (FAFSA)
- Master application containing 80% of the information you will need
- Themes and 36 home run statements
- Reusable essays
- Letters of Recommendation
Wednesday we review a study by Rutgers University college results, payments, & jobs
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