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Blog

Getting an education can range from nothing all the way to hundreds of thousands of dollars.  The trap you need to avoid is overpaying for your education.  Well we here at i[x] want to let you know that you have options to help finance your education and your future.  They include:
 
·         Scholarships and Grants: Money awarded to students and generally usable for any fees associated with education, including tuition, room and board, books, etc.
·         Loans: Funds borrowed to finance education.  Loans can be taken by the student, parent or other interested party and, in most cases, be used for any education-related expenses.
·         Savings: Don’t overlook the time-honored tradition of saving for college.  Even saving only a portion of your expenses will mean less debt when you graduate.
·         Military Aid: Available to students planning a military career, as well as veterans.
·         Work-Study Programs: Assistance is awarded according to financial need.  Students typically work 8-10 hours each week (usually on campus) in exchange for their award.  Because this program uses state and/or federal funds, the awards are considered taxable income.
 
The federal government will provide more than $100 billion in the coming year to help students pay for college.  Another $10 billion in private student loans will send other students off to school.¹  That means you’ve got a pretty good chance of securing some form of financial assistance, regardless of your family’s income.
 
Check back next week as I fill you in on where you can find these scholarships and grants!  Adios!

¹Source: FinAid.org