Don't let the fear of not hav­ing money keep you from col­lege

DREAM TEEN Magazine - - Front Page - Lau­ren Cham­b­liss Her­nan­dez

1In­vest in Your Own Fu­ture; Work! Get a part-time job and save for col­lege. Ev­ery penny counts!

2Go Af­ter the Free Money; Ap­ply for Fi­nan­cial Aid and Schol­ar­ships: Free money is just that…free money! It is money that you won’t have to pay back. Free money comes in the form of schol­ar­ships: Schol­ar­ships are gifts awarded to stu­dents based on tal­ents, such as aca­demics or lead­er­ship. Some schol­ar­ships are based on your fi­nan­cial needs. Use web­sites that of­fer free schol­ar­ship searches like www. fast­web.com. Fi­nan­cial Aid Grants: Grants are gifts awarded to stu­dents based on fi­nan­cial need. You must com plete and sub­mit the FAFSA (Free Ap pli­ca­tion For Stu­dent Aid). This is the only way to re­ceive grants or fed eral loans you may be el­i­gi­ble for. Visit www.fafsa.ed.gov. Note to self: Do the pa­per­work! The ear­lier you ap­ply the bet­ter! Work-Study & Paid In­tern­ships: Work-Study al­lows you to be com pen­sated while at­tend­ing col­lege, and is based on fi­nan­cial need. It is a great way to earn money, net­work and build your pro­file! You must qual­ify for work-study. It is awarded to you based on your FAFSA.

3Fam­ily Sup­port: When fam­ily mem­bers bless you with money for spe­cial oc­ca­sions or sim­ply be­cause you are you…save it for your ed­u­ca­tion! If you have a col­lege fund, it is even bet­ter if those spe­cial rel­a­tives de­posit di­rectly into your fund!

4Loans: Not free money, but it may be the money you need to pay for col­lege. In most cases they will need to be re­paid within 10 years of grad­u­a­tion, un­less you qual­ify for loan for­give­ness. There are sev­eral dif­fer­ent types of loans and fixed in­ter­est rates do ap­ply. No one wants to come out of col­lege in ex­treme debt, but don’t be afraid to take out a loan to help off­set the cost of your ed­u­ca­tion. DT

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