Finding Ways to Pay for Your Education
College can cost a lot of money. You have tuition. You have books. You have fees. There are a lot of things that you need to pay for. Before you get too worried about it all, remember one thing: it’s an investment. Yes, college costs money, but a college education can help you find a job that pays more.
According to the Bureau of Labor Statistics, when you get an education, you can see the benefits almost immediately:
- You have an increased likelihood of earning more money
- You have an increased likelihood of finding a job
While college is an investment with clear benefits, you don’t need to pay for it alone. There are lots of options available to you to pay for your education.*
Scholarships are monetary awards based on merit. Many people think that scholarships are just for students with high GPA’s or test scores, but that isn’t the case. You can earn scholarship money by writing a moving essay, doing well academically, doing community service and much more. There are many different kinds of scholarships and we can help you find one that suits you. Scholarship money can be used for tuition, books and even housing costs.
Some scholarships work on academic performance, but others are awarded on a financially as-needed basis. Even if you didn’t perform the best in high school, there are still scholarships available to you.
The Military Spouse Career Advancement Accounts (MyCAA)
While members of the Armed Forces have lots of options for financial assistance, there are also options for their spouses. In fact, military spouses can receive up to $4,000 in student aid through a program known as the Military Spouse Career Advancement Accounts or MyCAA and it provides great financial opportunities.
In order to qualify for MyCAA, your program must meet the following qualifications:
- It must lead to a portable career (one that allows you to be employed regardless of location).
- It must result in an ASB/AST Degree (PA), AOS Degree (LA), Certificate or Licensure.
Federal Pell Grants
This is an excellent source of funding for your college costs. Federal Pell Grants are similar to scholarships in that they do not need to be paid back. Grants also use similar means in determining how they are awarded.
Be sure to look into these opportunities. More than 80% of students at McCann School of Business and Technology received some sort of Federal Pell Grants in 2013. You may qualify too.
Receiving a student loan is another great way that you can pay for your college education. These are offered to students at relatively low interest rates. Due to the sometimes-complicated nature of receiving a student loan, we created the Student Loan Help Center for you to inquire about your options.
If you are having any troubles or questions about student loans, the Student Loan Help Center can help.
Discover Your Financial Aid Options Today!
There are lots of different resources to help you pay for your education. Remember that getting a higher education is the best way to earn more money down the road. To learn more about the cost of college, visit StudentAid.Ed.gov or let us help you call us at 866.865.8065 or click here to request more information.
*Financial aid is available for those who qualify.
McCann's Commitment to Responsible Borrowing
McCann School of Business and Technology is dedicated to finding ways to help students make responsible borrowing decisions and keep students’ debts to manageable levels. Borrow only what you need to cover the cost of tuition, fees and books to ensure you are not taking on more debt than necessary. Remember, you are expected to repay your loan plus interest. Acquiring too much loan debt may be detrimental to your long-term financial health. The less you borrow, the less you will have to repay after graduation.