College Information

Figuring out how to pay for college can be stressful and time consuming. To help parents and students figure out what exactly they will be paying for, how to save and where to borrow, we have compiled this useful information. Also, we have some links to other sites that will help you to better understand, or actually apply for aid.

College Expenses

  • Education
  • Living
  • Other

Saving for School

Part Time Job

Part time jobs are a great way to save for, or while in college. Part time jobs offer extra money for students to use as spending money or for tuiton and books. Colleges usually offer many different part time jobs to students that have flexible hours. Part time jobs can also teach students skills that will help them throughout their professional careers.


Scholarships are money offered to students to help pay for college, usually from a company or organization. Students can get scholarships from high school, from their college or they can apply for them through different outlets such as FastWeb, which is a website that helps students find scholarships that are right for them. Students can apply for scholarships through the website and get updates when new scholarships are available.

Work Study

Work study is a way for students to work while in college and earn money toward their educaton. Work study offers jobs that could be on or off campus. The amount you are paid depends on your level of need and how much funding your school recieves for it. For a more detailed description about Work Study visit this website: Funding Education Beyond High School

Save Your Change

It sounds like it might not be much, but all the change that is collected in car doors and cupholders can add up to be a lot! Maybe the change you save could go towards books, or supplies. Every penny helps.


By buying US Treasury bonds, you are investing in your childs future. The bonds will accrue much more interest than savings accounts are currently earning, and by the time your student goes to school, the bonds will be worth much more than they started with. Also, if bonds are used for education, taxes don't need to be paid on the interest earned.

Loan Information


FAFSA stands for Free Application for Federal Student Aid. It is a form that current and prospective college students can fill out to see if they are eligible for financial aid, such as the Pell Grant, Federal Student Loans and Work Study. Here is a link to the FAFSA website: FAFSA

Subsidized VS Unsubsidized

Once students fill out their FAFSA application, they will probably be approved for what are called the Stafford loans, which are federally funded loans. These loans can either be subsidized or unsubsidized. With a subsidized loan, interest does not accrue while the student is in school or if there is a deferment period. Once the student graduates, or the deferment period is over, interest begins accruing again. Unsubsidized loans begin accruing interest from when the loan is disbursed to the school.

Parent Plus

Parent Plus loans are available to help fill the gap between what Stafford loans cover and what college actually costs. Parent Plus loans are unsubsidized and help to pay the cost of tuition, books, living expenses and everyting else needed for college education. For more detailed information or to apply for the Parent Plus loan here is the website: Parent Plus

Private Loans

Private loans can be an alternative to using Parent Plus. Private loans can be found with many financial institutions like Wells Fargo, Chase, Citizens, Sallie Mae and many different credit unions. Private loans can be a line of credit, which will allow you to borrow exactly what you need. Private loans also defer repayment until after the student graduates or leaves school. Student or parent may still make payments on the loan to keep the amount owed later down.

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