Monthly college planning tips for 8th, 9th and 10th grade students
February 2012
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How to “put your hands on some cash” for college!
“I can’t afford it” shouldn’t be an excuse for not going to college. Financial aid will be available to help you pay for college – but you’ll need to apply!
What is financial aid?
Financial aid can include money that you don’t repay such as scholarships, grants and work-study (a job through the college). It can also include student loans which you will have to repay – but not until after you graduate from college.
How do you get financial aid?
When you’re a senior in high school, you’ll complete the FAFSA (Free Application for Federal Student Aid) indicating your family’s income and assets. Based on that information, your college will determine the type of financial aid you’re eligible to receive
What are other ways to make college affordable?
Tuition Assistance Programs
Some colleges offer programs that help cover the cost of tuition for students whose family income is below a certain level. They include Collegebound Nebraska at all campuses of the University of Nebraska and the Advantage Program at Chadron State College, Peru State College and Wayne State College.
Scholarships
Scholarships come from national donors, state and local organizations, and from colleges. Here are ways you might earn scholarships.
To find state and local scholarships, see ScholarshipQuest at EducationQuest.org. You’ll also find links to national scholarship search sites.
College Savings Plans
- Start a savings account. If you have a part-time job, save much of what you earn for college. If a relative gives you birthday money, stash it away.
- Encourage your parents to invest in the Nebraska Educational Savings Trust. This “529 Plan” offers tax benefits for parents and relatives who invest money toward your education. For information, visit www.nest529.com.
Community College Transfer Program
If you’re striving for a four-year degree, consider starting at a less expensive community college for basic courses and then transfer to a four-year college.
Live at Home
Room and board at a four-year college runs about $6,000 a year. If you live at home, that money can go toward tuition and fees.
The Military
All branches of the military offer educational benefits for college. Talk to a recruiter for all the details.
Want to KnowHow2GO to college?
Visit KnowHow2GONebraska.org to learn about four steps you should follow to make college a reality!