With the average cost of college hovering at $10,000 per year,
a critical factor in the back-to-school-decision is money.
If youre wondering how youre going to foot the
bill, here are some options:
Grants: More gifts than loans, grants pay a portion
of your college tuition based on your income, student status,
and occasionally, the particular course of study you've chosen.
Scholarships: These are not grants, though they are
sometimes confused with grants. Scholarships can be federally
or privately funded, and they affect the amount of financial
aid you receive from the school you choose to attend.
Employer Funding: Your company may pay for tuition
fees for an approved course of study, but be prepared to commit
to a contract of extended employment in return for the funding.
Other companies may require that you foot the school bill
and then reimburse you only if you earn certain grades.
Student or Other Loans: Loans through an educational
or financial institution can be obtained at a lower interest
rate than a personal loan.