Fund Your Future
• Find out about Direct Loans
• Receive loan entrance counseling
• Manage your federal loan
If you still need money and have exhausted options for
grants and scholarships, you may want to look into private
loans. These loans often carry a higher interest rate and
fees. Compare lenders to make the best choice for you.
READ THE FINE PRINT BEFORE YOU SIGN
WHAT DOES IT COST TO ATTEND
Each college has its own cost of attendance, or COA,
which includes tuition, fees, books, supplies, housing, food,
transportation, and personal expenses for the school year.
Your COA will vary depending on your college and where
you live (with your parents, or on or off campus). If you have
children or other dependents who require care while you go
to class, your COA may also include these expenses. If you
have a disability, let your college know about any related
expenses that aren’t already covered.
YOUR EXPECTED FAMILY
Your expected family contribution, or EFC, is the amount
of money the government calculates you and your family
could reasonably contribute toward your education for the
year, based on your and your parents’ FAFSA or CADAA
responses. Your EFC determines the types and amounts of
federal and state aid you qualify to receive.
COMPARING FINANCIAL AID OFFERS
If you receive offers of financial aid from more than one
college, you need to find out what your “net cost” is at
each school. The net cost is the cost the student must pay
after subtracting all the financial aid he or she will receive
from the cost of attendance at the school. Each school will
have a special calculator on its website to assist students in
comparing the net cost with other schools.
You can compare your offers online by using this calculator:https://bigfuture.collegeboard.org/pay-for-college/
WAYS TO REDUCE COLLEGE
APPLY FOR SCHOLARSHIPS
NATIONAL MERIT SCHOLARSHIPS
More than 9,000 scholarships are available each year. Take
the Preliminary SSAT/National Merit Scholarship Qualifying
Test in the fall of your junior year in high school. Learn more
Discuss with your counselor ways to find scholarships
through community organizations, foundations, religious
organizations, neighborhood banks, and business and
professional and trade organizations.
MIDDLE CLASS SCHOLARSHIP
State funded program that offers assistance to students not
receiving Cal Grants or Pell Grant assistance who file the
FAFSA or CADAA and attend a CSU or UC campus.
COMMUNITY SERVICE BE A VOLUNTEER
By becoming a volunteer with one of the AmeriCorps
programs, you may earn up to $5,550 a year for college.
Learn more atwww.americorps.gov .
Teach for America
An AmeriCorps program( www.teachforamerica.org ) th
pays recent college graduates to teach for two years at
Incorporate your Peace Corps service into a master’s degree
program and you may receive financial assistance. Benefits
are offered for loan deferment payments or loan debt
forgiveness. Get information atwww.peacecorps.gov , or
contact your college.
The U.S. Armed Forces offer education benefits to enlistees
for college assistance and tuitions. Scholarships are
available through the Reserve Officers’ Training Corps,
too. Consider one of the five U.S. service academies. For
detailed information, go towww.todaysmilitary.com .
CREDIT FOR EXPERIENCE
Perhaps you are a nontraditional student and you may have
received academic credit for your job, volunteer or travel
experience through the College-Level Examination Program?
r more information.