Scholarships and grants are windfalls for college funding, because they do not require repayment.

Performance and financial need are considered, and then eligible students are endowed with gifts that pay for tuition, books and housing.

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Minnesota residents who attend participating colleges are eligible to borrow up to $10,000 each year, at a fixed rate of 7.25%.

Cosigners provide credit reinforcement that enables students with limited credit to apply.

Do not leave free money on the table – apply for every grant and scholarship for which you qualify.

Loans are the most common funding sources for college: According to the National Postsecondary Student Aid Study (NPSAS), 65% of four-year undergraduate students take out student loans to help them pay for college.

Your financial aid office is best equipped to outline specific programs offered by your school.

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Consolidation Loans For students holding multiple federal loans, this program facilitates combining them into a single loan.

A single monthly payment replaces the need to pay each loan individually, and the repayment terms of the loan can be extended for up to 30 years.

Private student loans, such as those offered by Wells Fargo and Chase are designed to bridge the gap between your financial aid package and the true cost of your education. Cosigners who are willing to share responsibility for your loan provide the credit resources you need to get private financing.