Ways to Pay
You can pay for post-secondary education in many ways. The more you know about your alternatives and the earlier you start planning to use them, the easier it will be to afford your education.
Some common methods are:
- Savings and investments
- Scholarships and grants
- Federal work-study programs
- Tax credits and deductions for education
You may still need to borrow to complete your college education. Many people do. But the advantage of using savings, scholarships, grants, and work-study programs is that, unlike loans, they usually don't require repayment.
Making the effort to apply for scholarships and grants and investigating federal work-study programs or other work opportunities at or near your school can pay big dividends by reducing the amount you need to borrow to pay for school.