Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    How to Pay for College: A Guide to Student Loans, Scholarships, and Making School Affordable
    How to Pay for College: A Guide to Student Loans, Scholarships, and Making School Affordable
    How to Pay for College: A Guide to Student Loans, Scholarships, and Making School Affordable
    Ebook57 pages34 minutes

    How to Pay for College: A Guide to Student Loans, Scholarships, and Making School Affordable

    By Student Loan Hero

    5/5

    ()

    Read preview

    About this ebook

    According to College Board, a year of tuition at a public four-year school in 1987 cost $3,190. Now, a year at that same school would cost $9,970. College prices are increasing, and going to school is more expensive than ever before. But that doesn't mean you have to resign yourself to borrowing hundreds of thousands of dollars to earn a degree.

    We at Student Loan Hero created this guide to a complicated financial aid system so that you know all your options and can make informed choices. I hope this encourages you to explore as many scholarship and grant opportunities as possible and navigate through the process of applying for federal and private student loans.

    LanguageEnglish
    PublisherStudent Loan Hero
    Release dateJun 11, 2018
    ISBN9781540168474
    How to Pay for College: A Guide to Student Loans, Scholarships, and Making School Affordable
    Author

    Student Loan Hero

         Student Loan Hero is an unbiased solution to organize, manage, and repay your student loans. We understand that every student loan borrower is in a different financial situation and no “one-size-fits-all” solution is possible. Our goal is to help student loan borrowers understand their student loans and make intelligent repayment decisions.

    Related to How to Pay for College

    Related ebooks

    Teaching Methods & Materials For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Kiplinger's Best College Values, 2019

      Jul 25, 2019

      When Kiplinger's began ranking colleges for best value two decades ago, concerns about the price of college weren't in the spotlight. Since then, the cost of attending college has skyrocketed. Over the past 20 years, the average cost of tuition and f

      5 min read

    • Article

      Should I Stay Or Should I Go?

      Feb 2, 2022

      “The great resignation” is one of those phrases that has been so over-used recently that even writing it makes me cringe a little as it creeps toward cliché. But it does effectively describe the interesting trend of people using the return to the off

      4 min read

    • Article

      How to Build Your Wealth in Your 40s

      Jan 21, 2020

      When you enter your 40s, you may start feeling like you have less time to prepare for retirement and find your financial footing. This added stress can make financial planning challenging during this stage of your life. Your 40s are a time to get fo

      3 min read

    • Article

      School’s Out for Summer … But Tuition Is Back in the Fall

      Jul 30, 2021

      I can only imagine the enthusiasm of students and teachers who will finally able to be back in a classroom and learning in person as schools and campuses around the country start coming back to life this fall. As I walked around my neighborhood every

      4 min read

    • Article

      Avoiding the Debt Trap for Your Child's Higher Education

      Nov 8, 2019

      It is the dream of many parents for their children to attend college after graduating high school. However, as many of us have experienced, the cost of higher education continues to climb and is making it difficult, if not impossible, for many famili

      4 min read

    • Article

      Tax Breaks to Help You Pay for College

      Aug 22, 2022

      It’s often said that buying a house is the largest investment most of us will ever make. But if you have a couple of children, the cost of sending them to a four-year college could exceed even that big-ticket item. Three kids—or at least one with Ivy

      6 min read

    • Article

      How To Calculate The Cost Of College: A Guide To Financial Aid Terms

      Apr 11, 2019

      For most students, figuring out where to go to college is closely linked with, "How am I gonna pay for it?" The answer — sort of — comes in lots of confusing terms and jargon.

      2 min read

    • Article

      Divorce: Who Pays for Education and How to Afford It

      Nov 6, 2020

      Divorcing couples often say that the list of disagreements to resolve seems like it never ends. Some couples wage war over everything … but hashing out the finances of educational matters is one of the conflicts that can get surprisingly ugly. School

      5 min read

    • Article

      Have Kids? Start Planning for Their College Costs—Now

      Apr 27, 2016

      THE INSANE COST of higher education has been much-discussed in the current presidential campaigns, for good reason: Over the past 10 years, average annual tuition has increased by 40 percent at public four-year universities, according to the College

      3 min read

    • Article

      5 Key Financial Aid Considerations When Saving for College

      Oct 2, 2018

      Parents of young children see a lot advice about saving for college. Trying to save for the full sticker price can be daunting -- even for an in-state public school. For most people, it makes sense to consider how much financial aid your family might

      4 min read

    • Article

      Make the Final Months of Student Loan Relief Really Pay Off

      Sep 26, 2021

      Four months and counting: That’s how long those with federal student loans have until all the pandemic-related reprieves on payments officially come to an end on Jan. 31, 2022. Until then, take advantage of all the strategies available to you to put

      6 min read

    • Article

      How To Pass The Fees Test

      Sep 30, 2020

      How To Pass The Fees Test
      5 min read

    • Article

      How To Help Your Kids Get A Great Education—and Not Go Broke

      Oct 8, 2018

      HIGH SCHOOL STUDENTS ARE NOW back to classes, resuming the quest for a college education and the good life beyond. But it seems too many of them are mortgaging their futures to get there. At $1.4 trillion, student loans now represent the second large

      3 min read

    • Article

      How You -- and Your Kids -- Can Make Smart Student Loan Decisions

      Aug 20, 2019

      Summer and fall are important seasons for families to research student loans. If your household includes a student preparing to apply to colleges, you'll want to factor cost into the decision and be mindful of the potential amount of debt accrued. I

      2 min read

    • Article

      Should You Supplement Your Traditional 529 with a Private 529 College Plan?

      Jun 18, 2019

      When it comes to the college savings conversation, I usually stick with suggesting the traditional 529 plan when helping people choose the right savings and investment vehicle for the goal of funding higher-education costs. Being in New York gives m

      4 min read

    • Article

      Saving for College: Are 529 Plans Worth It?

      May 28, 2019

      Worried about funding your kid's college education? Then let's start with the good news: There are many ways to pay for college, so you have a lot of options. But the tricky part is the fact that there are a lot of variables and choices to make in t

      6 min read

    • Article

      When Choosing Funds for Your College 529 Plan, Don’t Make This Mistake

      Mar 13, 2021

      The average cost of public in-state college tuition, fees, room and board in 2020-21 is $26,820 a year and $54,880 for a four-year private college, according to a recent study by the College Board. For a child born today, the four-year cost of colleg

      5 min read

    • Article

      Best Ways to Pay for Grad School

      May 9, 2018

      Probably the worst Christmas present I ever got was a bill for $31,000 in student loans from Uncle Sam in December 2015. A few weeks earlier, I'd received my master's in mass communications. I'll be honest: My decision to pursue an advanced degree wa

      2 min read

    • Article

      The Costs Of Education

      Aug 6, 2021

      in late 2015, the University of the Wit waters rand announced that it was hiking its fees by 10.5% the following year. Wits students protested against the increase following the announcement, marking the inception of the #FeesMustFall movement which

      5 min read

    • Article

      With Private Loan Interest Rates So Low, Should You Refinance a Federal Student Loan?

      Nov 14, 2020

      As college costs continue to rise, the need for students and their parents to borrow money to get a college education has also increased. Americans now owe about $1.6 trillion in student debt, according to the Federal Reserve. In general, there are t

      2 min read

    • Article

      Take Control of Your Student Loan Debt (Instead of Letting It Hold You Back)

      Jul 4, 2018

      Along with beach trips and blockbuster movies, summer also brings a nationwide crop of college grads. While this is an exciting time for both graduates and their parents, it also brings some anxiety. Graduates are hunting for their first jobs as the

      5 min read

    • Article

      Saving for College? Everything You Need to Know About 529 Plans

      Oct 22, 2021

      The U.S. government has given favorable tax treatment to so-called 529 plans for 25 years. Still, just a little more than a third of Americans know 529s are a potentially powerful educational savings tool, according to a 2021 study by Morning Consult

      8 min read

    • Article

      Saving for College? Everything You Need to Know About 529 Plans

      Oct 22, 2021

      The U.S. government has given favorable tax treatment to so-called 529 plans for 25 years. Still, just a little more than a third of Americans know 529s are a potentially powerful educational savings tool, according to a 2021 study by Morning Consult

      8 min read

    Related categories

    Reviews for How to Pay for College

    5/5

    1 rating0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      How to Pay for College - Student Loan Hero

      Introduction

      By Andy Josuweit, Founder and CEO of Student Loan Hero

      As the first person in my family to get a bachelor’s degree, I didn’t know what to expect about cost. I chose a private school, Bentley University, despite its high price tag.

      I knew the tuition was high, but I was told I would earn between $60,000 and $80,000 when I graduated, so it seemed like a manageable cost. Unfortunately, the promised return on investment never materialized.

      When I graduated, I had 16 different loans from four different servicers. For three years, I struggled to keep up with my payments, and even had to stop making payments for a while. Thanks to high interest rates, my loan balance ballooned to over $107,000.

      It was a harsh wake-up call, and I decided to take charge of my situation and help prevent others from ending up in the same place by starting Student Loan Hero. We’re a company dedicated to helping people reduce their college costs, understand their financial aid options, and pay off their debt.

      Of course, the best way to prevent being overwhelmed with debt after graduation is to do your homework before going to college. Taking action now to research grants, scholarships, and other financial aid opportunities can help reduce how much you need to rely on student loans. Believe me, the less debt you have when you graduate, the easier your life will be.

      We at Student Loan Hero created this guide to a complicated financial aid system so that you know all your options and can make informed choices. I hope this encourages you to explore as many scholarship and grant opportunities as possible and navigate through the process of applying for federal and private student loans.

      If you need more help, I encourage you to check out the Student Loan Hero website for more advice on financial aid opportunities.

      Chapter 1: How to Reduce the Cost of Your College Education

      According to College Board, a year of tuition at a public four-year school in 1987 cost $3,190. Now, a year at that same school would cost $9,970. College prices are increasing, and going to school is more expensive than ever before. But that doesn’t mean you have to resign yourself to borrowing hundreds of thousands of dollars to earn a degree.

      You can minimize your college expenses and reduce how much you need to take out in student loans with the following strategies.

      Use the 2+2 plan

      A year of attendance at a four-year in-state public university costs an average of $9,970. By choosing a private school, you’re looking at an average yearly bill of $35,260. If those numbers are hard to swallow, one option to consider is the 2+2 plan.

      The 2+2 plan is when you go to community college for two years, then transfer to

      Enjoying the preview?
      Page 1 of 1