Monday, December 30, 2013

3 Ways to Pay for University

University can be expensive and whether you are a young person or an older person that is heading off to school you need to explore all of your options to pay for university.  You need to find out what options are available to you and which will cost you less money in the long run.  Paying for university is not an impossible task though and because there are many choices, almost anyone can go to university these days.

Here are a few options that can help you pay for university:

1. Check to see if the school you want to attend has a payment plan.  Many school will let you pay for university in installments with payment every month over a period of one or two years.  Most schools will require that  you finish paying for one year before  you begin  another year of schooling.  This might be a good option for you if you have an ongoing source of income and can make a payment plan work for your budget.

2. Many students will be eligible for federal loans that can help you pay for university.  If you are in high school, your guidance counselor will be able to provide you with the forms that you need to apply for a federal loan.  If you are not in high school, the admissions office at the university you wish to attend should be able to give you the forms or direct you to the place where you can get them.  You will need to provide documentation that will help the loan officer assess your needs.

3.  You might be eligible to receive a scholarship from an organization or business that encourages students to go into a specific field.  Usually, high school students will find a wide range of scholarships that they can apply for.  Minorities may also find scholarships that can help them pay for university.  You will need to find out what scholarships are best suited to you. Speak to a guidance counselor at your school or at the university that you wish to attend.

Of course, you can also go the route of saving money to pay for university.  You can take on an extra part time job or you might be able to find work online that can help you save money for university.


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