Thursday, May 21, 2009

Paying for College

Paying for college is often the largest obstacle a person will face when making the decision to attend a college or university. When looking at the amount of money that tuition, books, room and board, transportation and other costs can add up too it is easy to become dismayed. But there is good news, Central Arizona College has a multitude of ways to help students afford the cost of an education.

Most Financial Aid starts out with the filing of a Free Application For Student Aid or FAFSA which can be found at http://www.fafsa.ed.gov/. Filing your FAFSA is what determines your eligibility for most financial and is a good tool to estimating your cost of attendance. Financial Aid comes in many forms; the major types are listed below:

  • Scholarships - Central Arizona College offers a variety of scholarship programs to recognize students for their academic performance as well as for participation in athletics and other activities. Scholarships do not have to be repaid.

  • Grants – Like scholarships grants do not have to be repaid and thus are often preferred over student loans. The most common grant at Central is the Pell grant.

  • Loans – Student Loans are loans made with the purpose of funding a student’s education. Student Loans do have to be repaid but often have low interest rates or other favorable terms. A Stafford loan is a common type of Loan for Central.

  • Student Employment – Students can seek employment with Central to help with their college expenses. Central Student Employment office can help you out with finding a position.

  • Veterans Benefits – If you are a veteran of the United States Armed Forces you may qualify for Financial assistance through the Veteran Benefits Administration. Payment Plan – Central also offers a payment plan that can “stretch out” some of your educational costs across the semester. For Information about the Central’s payment plan please visit e-Cashier

The Financial Aid office is always a great resource for finding out ways to help pay for your education. They can be reached at 520-494-5425 or you can visit the Financial Aid website