6 Ways to Afford College Tuition Without Student LoansWednesday, August 3, 2016
College tuition gets higher and higher every year, and you may be wondering if your child will be able to go at all. This pressure can be paralyzing and you may think that you're out of choices. If you're not in a place to help with the expense, and the only other option seems to be letting your child bury themselves in a mountain of debt, I have some good news: There are ways to afford college without student loans, especially for low-income families. If you're willing to do the work, I have 6 great tips, and I hope that you can use a few of these with your own student.
6 Ways to Afford College Tuition Without Student Loans
This form can take a while and you will need to provide additional paperwork for income verification. If your family is considered low income, your child may be eligible for a variety grants and scholarships (Including a state lottery scholarship if one is available in your state.)
You want to apply as early as possible, and make sure to pay attention to the federal, state, and college's cut-off dates. Find them on the FAFSA website: https://fafsa.ed.gov/deadlines.htm
2. Apply to all the right places
Next, apply everywhere your child might want to attend college.
Keep in mind when your child is applying for colleges that some Ivy-league schools (Princeton, Brown, Cornell, Columbia, Duke, Harvard, Yale, Stanford, MIT, & Dartmouth are a few) have income-based tuition assistance, so if you make under a certain amount yearly, your child can go to an Ivy-league institution for free, and might even get free room & board. If your child has stellar grades and a well-rounded application, don't let low income keep your child from applying at these expensive colleges.
Once you receive your acceptance letters...
3. Contact the Financial Aid Office
If your child is an A-student with a well-rounded background, he may be able to find a number of scholarships that he qualifies for. Many of these scholarships require writing an essay, so you want to work with your child to help him create a strong essay that will give him the best chance possible.