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Headed off to College? Read this Guide!

Headed off to college soon? This is one of the first major transitions we experience in our lives. College is often the first time we live on our own, manage our finances and experience almost complete independence. With so much freedom, there is great potential for positive experiences and valuable lessons learned. On the flip side, there is also great potential for failure with excessive debt, poor credit and bad financial habits. Check out this guide to develop a solid plan and set yourself up for success at college and beyond.

Check out the course below or click here download the entire course as PDF for use offline.

Guide developed by Visa and hosted on whatsmyscore.org. Check out the website for more useful stuff.

Posted By Mays Financial

Getting Ready for College? Use These Checklists!

Preparing for college can seem overwhelming. We not only worry how we’ll afford it, but we’re not sure where we want to go, what we want to study, what paperwork we need to fill out or who we need to talk to.ย  Things may become even more intimidating if we’re adults that have been out of school for a long time.

Thankfully, along with providing student aid, our federal government has put together a lot of resources to help us reach our educational goals. Below are college preparation checklists from the Federal Student Aid program that will help you prepare for college no matter what stage of life you’re at.

General
Pre-High School
High School
Money for College

Posted By Mays Financial

Can’t Afford College? Consider Federal Student Aid

Whether for ourselves or our children, how to pay for college is a common question that many of us have. Thankfully there are multiple options. Our federal government funds the largest source of student aid in the United States in the form of grants, loans and work-study programs which are all primarily needs based.

Three most common types of student aid:
  • Grants: With grants, repayment is not required and they are given out based on need, enrollment and tuition.
  • Loans: Student Loans are financial aid that is borrowed. They accrue interest and must be repaid. Student loans are available to students or parents to pay for their dependent children’s education (typically undergraduate only).
  • Work-Study Programs: Work-study programs allow students to work in exchange for education funding while enrolled.
Visit the Federal Student Aid website for information about eligibility, how to apply, and more.