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What is the best way to pay for my college?

There are multiple ways including bank loans, federal loans, financial aid, scholarships subsidized and subsidized loans, etc and I am not sure which is the best.
#finance #college #financial-aid #scholarships #loans #fafsa

finance scholarships financial-aid loans fafsa
Thank you comment icon Hi Jorge! I think your question was answered here: https://www.careervillage.org/questions/66508/how-will-i-pay-for-college Abby Lupi, Admin
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Laura’s Answer

I would recommend paying for college with all the free money you can receive which would be through scholarships and grants that you've applied for individually, through the FAFSA and other state grants like the CalGrant. If that money which is given to you isn't going to be enough to cover all your college tuition, then you would look into the other options of student loans (unsubsidized, subsidized and parent loans) first before looking into a bank loan option. Student loans will most likely have a lower interest rate than private bank loans. Hope that helps!

Laura recommends the following next steps:

I would do some research on scholarships and grants in your area. Apply to as many as you can. They all have different requirements and qualifications.
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Melinda’s Answer

I agree that you should see any free money you might have access to fund your education first. Then I would check with the school you will be enrolling and see what type of scholarship/assistantship they might be able to offer. Next, I will explore what are the subsidized loans available to you. You might want to check this website and any other information you can find from your school. https://www.salliemae.c

If you can, just plan well and borrow minimum debt. In that case, you will have more freedom in your life and career after you graduate from college. Best Luck!
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Simeon’s Answer

Avoid getting loans if possible to finance your education. Try to do a combination of scholarships, grants, and work (including work-study) to help finance your education. Then, if necessary, you can use debt to cover whatever difference remains.
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