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How to Pay for College - Paying for College
We hear it so often -- questions like "I need a student loan - what do I do?" or "How do I qualify for a Stafford federal student loan or a Parent PLUS loan? Should I take out a private student loan?"
The first thing you should do is educate yourself as your financial decisions now can follow you for many years after you graduate. Follow our steps below to learn the appropriate steps to take and optimally pay for college.
First, read Financial Aid 101
Start your education by reading Financial Aid 101, our comprehensive guide and tutorial on how to pay for college. It is geared for both students and their parents.
If you're ready to jump right into it, below we've provided quick access to information on federal student loans and private student loans as well as their loan application request forms.
Next, explore student scholarships
- Scholarships are without a doubt the best way to pay for college, since they are cash awards that you don't have to pay them back.
- There are lots of online services which provide access to scholarship information and services; some are worth paying for, others are free scholarships!.
- Visit Student Scholarship Search to enlist the assistance of our scholarship experts. Scholarship Points
Then, explore federal student loans
- Federal student loans have low interest rates and are guaranteed by the government.
- Students should complete a FAFSA form first.
- Students should then apply for Federal Student Loans.
- Parents and family members should also apply for the Parent Loan for Undergraduate Students (PLUS Loan) - note that you do not have to be a parent, just a family member with good credit!
Finally, consider private student loans
- Private student loans are the best option for students, parents, and families who do not qualify for federal financial aid or federal financial aid isn't enough to pay for college
- Parents and family members are strongly encouraged to cosign private loans.
- Apply for a private student loan online - you'll get an answer in minutes.
- If you're looking to study abroad, you'll need a Study Abroad Loan.




