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Paying for College

Financial Aid

Understand the types of aid available and how to fund your education without overpaying.

Four steps to funding your degree

1

Complete the FAFSA

The Free Application for Federal Student Aid is the gateway to federal grants, work-study and loans. It's free and opens each October for the following year.

2

Compare aid offers

Every school packages aid differently. Use net price — cost after grants and scholarships — to compare offers apples-to-apples on each school profile.

3

Apply for scholarships

Institutional, private and state scholarships can dramatically cut your cost. Many are merit- or interest-based and don't need to be repaid.

4

Understand your loans

Federal loans generally offer better terms than private ones. Borrow only what you need and check the median student debt on each school profile.

Types of financial aid

Grants

Need-based aid you don't repay, from federal, state and institutional sources.

Scholarships

Merit- or interest-based awards from schools and private organizations.

Work-Study

Part-time jobs that help pay education expenses while you study.

Federal Loans

Borrowed funds with fixed rates and flexible repayment options.

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Filter thousands of colleges by net price and compare real cost data side by side.

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