Financial aid is the most important aspect for College Planning in the US. College expenses are high, but it is a long term investment. You should start applying for financial aid once you have decided upon the course and the college you wish to study. There are a various ways for funding for your college education. You can apply through federal student aid programs which include:
- Grants—financial aid that doesn’t have to be repaid
- Loans— borrowed money for college or career school which you have to repay with interest
- Work-Study—a federal work program where you earn money to help you pay for school
You can also opt for private loans and scholarships offered by various colleges. Scholarships are usually a mix of merit and need. You have to perform exceptionally well in all the standardized tests and even in your previous examinations.
For details on Financial aid, click here