- Pittsburgh Public Schools
- Ways to pay for college
-
Ways to Pay for College
Free aid
Do not need to repay as long as obligations are met
*Grant may convert to a loanScholarships and grants are available (see link for more information)Sources include the federal government, your state, school, employer, community and religious organizations (ex: Federal Grants (Pell), entitlement aid, state grants (TAP), SEOG, college/university grant)
Work-study or other employmentPay for education by working part or full-time while attending school (money earned through employment)
1. Some employers offer reimbursement programs where they give money towards your education
2. Eligibility for work-study is noted on the award letter and generally used for living expenses
Low-cost loansOffer reduced interest rates, various repayment options, and no prepayment penaltiesYour school may offer institutional loans and flexible payment plans.SavingsUse the money you already haveex: Savings accounts, 529 plans, pre-paid tuition plans or other savings programsAlternative sources
1. Private education loans can fill in the funding gaps after other aid types
2. May be able to use home equity loans and lines of credit depending on your situation
*Avoid cashing out insurance policies or retirement funds or high-interest advances on credit cards:Both almost never a good idea.3. Primary source is the federal government