Chapter 11
Tricks and Tips for Finding Scholarships and Borrowing Money
IN THIS CHAPTER
Seeking scholarships and grants from colleges and universities
Finding private scholarships and grants
Understanding federal aid and other borrowing options
Traditional colleges are expensive — at least seemingly so on the surface when you look at their full sticker prices. To afford them, most families need some help.
The assistance that colleges may offer is in the form of financial aid. They can reduce the sticker price through grants and scholarships. You may also be offered loans to help finance what you can’t afford to pay out of pocket now or to simply enable you to spread the payments out over time.
This chapter helps by highlighting how and where you can find money to make college more affordable.
Gaining Grants and Scholarships
There’s no doubt about it — the best financial aid of all is the kind that you don’t have to pay back. Grants and scholarships directly and immediately reduce the cost for your son or daughter to attend a college. They aren’t loans and therefore never have to be paid back.
Many, including the colleges themselves, talk about schools “giving away” money, which ...
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