How Does America Pay for College?
As you head back to homeschool and high school juniors and seniors begin making plans for their future, find out about the power of free money for your college-bound students. According to Sallie Mae’s How America Pays for College 2016 study, scholarships paid for nearly one-fifth (19 percent) of all undergraduate college costs in academic year 2015-16.1
It is true that paying for a college degree is not easy. Many students take the easy way out and apply for all the student loans that the government makes it easy to get. However, in doing so – the student seals their future for at least the next decade or two. Many adults are still paying for college at the age of 50! That’s not the bright future that college graduates look forward to.
There are many free tools for the high school student to use to enable them to plan for college and get the help they need to make it through on a tight budget. The College Board has created a great free tool to help you plan your college career. With Create Your Road Map, you can log in and add your information, degree, etc. It will help you develop a plan and stick to it!
Three Ways to Get a Debt-Free College Education
- Take the SAT/ACT several times to score in the “state scholarship” range
- Apply for the FAFSA
- Apply for College Scholarships
College Planning Scholarships
1 How America Pays for College 2016 by Sallie Mae