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You've read the statistics and know that earning a college degree will help you get a better job down the road, and a better job means more money. Unfortunately, your parents can't afford to help you pay college tuition. What are you supposed to do?
Well, you either don't go to school, or you figure out how to pay for it. The first option is the easy way out, and that decision will lead you nowhere pretty quickly. Now that you've decided to go to school, you're going to have to determine how to finance your decision.
In this day and age, it's not too hard to find the money to pay for your college education. There are three basic ways that most students fund their educations-- 1.) out of their own pockets, 2.) through grants and scholarships, and 3.) with student loans. Knowing your options is the best way to get financial aid.
Many students simply work until they have enough money to pay for school. For many, this means taking academic breaks to earn tuition money. This method of paying for school is definitely cost effective, because you won't have to borrow money and pay interest rates down the road.
Many students also apply for grants and scholarships. Many schools, businesses, and non-profit organizations award scholarships to students based on certain criteria. To earn a scholarship or grant, you usually have to fulfill the necessary criteria and offer a compelling reason why you need the money.
Student loans are probably the most common method of paying for school. A majority of college students take out some student loans. If you take out a student loan, you'll have to start paying it back, including the interest on the loan, after you earn your degree.