money for college

money for college questions and answers

More information about money for college at Education News.

Q: Are there any good college money lenders ?
I plan to just be a student in graduate school with no paid employment work. I don't have a co-signer and I need money for groceries, utilities, and transportation. My current college loan in which I used FAFSA only covers my rent and tuition.

A: You can try astrive or chase they seem like really good lenders and you can pay after you graduate that always a good thing and thing interest rate can be lower if you get a co-signer.

Q: How can I get money for College to help get on my feet?
I got a Pell Grant and a Stafford Loan to pay for my college but am in real financial crises right now with bills and living situation, is there anyway to get some money to help with that , I have poor credit and am on and off with jobs, I need like 5 thousand to get me going, what can I do?

A: Job

Q: What is the best way to invest baby's money for college?
My wife and I have a 6 month old son, and we currently have $150 to invest. We would like to start some sort of investment plan that would allow the most yield and would also allow us to add money as time goes on (say $50 a month or so). We would also like the possibility of using it for expense other than college tuition should he receive a scholarship and end up not needing the full amount for tuition or room & board. Also, minimal tax penalty would be nice. Any thoughts?

A: Savings account - My parents did the same for me and by the time I finished high school there was over 10k in the account. Stocks is another idea, but obviously risky.

Q: Is it good that the government provides money for college education?
If you read the artical on yahoo, it states that people who have a degree average 23,000 a year more then someone who just just has a high school diploma. In return, the government gets more in taxes because the person is making more $. If that's the case, then why do people complain about government providing money for college students for tuition?

A: The government interference in education by providing this money is a major factor in college tuition being totally out of reach for most people without the loans. The WWII generation could get through college waiting tables as their sole source of income. That's simply not possible now. Long ago, most college employees were teachers. Now there are several times more administrators than actual teachers. On the flip side of that, just whose money is it that they are offering?

Q: How Do I Save Money For College?
I am 14 years old, and I am going to turn 15 in August. I plan to go to The Wharton School Of Finance, which is a very expensive college. Very recently, my family has been struck with very hard financial situations. My parents are divorced and I live with my mother. The IRS is now going after my father for not doing his taxes for the past three or so years. My father might have to give up his 401 K to pay off the debt- about $30,000. That was my college money. My mom will soon be getting a second job just to keep a roof over our heads- as my father can no longer promise child support. I plan to get a job as soon as I turn 15, and work as much as I can. During the summers, I plan to work two jobs to help me pay for college.So what can I do? How can I save money? What are some things that I can do now, that will help me in the future? Thanks.

A: Try to get a job and when you do, put some of it towards rent or a house payment, and put the rest in savings for college...

Q: How can I hide my house-buying money from college so that I still get enough financial aid?
I've got upwards of 10,000 dollars in a mutual fund, and another 10 in my savings account, but my parents are dreadfully poor. How can I hide my money and save it for after college, thus recieving maximum financial aid?

A: the money needs to be in someone else's name for this to work. They will know u have it. Its the only way i know of. I've bookmarked this site... http://www.FinancialAidQuick.com/ All the best to you.

Q: Whats are some good ways to save up money for college?
I will be a sophmore this year and I realized that I don't have that much money and I will need money for college... So im starting to freak out...I do babysitting now and then...what are some other ways I could earn money to save up for college in these 3 years?

A: start a high interest savings account for now. Also, in a year start researching scholarships and financial aid opportunities. I would definitely suggest going to a state university or even starting off at a community college where you could build your basic credits for much cheaper. Good luck!

Q: How can I start saving money for college....?
I'm 13, and i dont have a job yet, I plan to get one when i am 14. I get good grades so i might get a scholarship for college when i am older, but i want to start saving now. My family isnt rich or anything, so they cant just whip money out of their pockets for college. I want some ideas of how to get money, and strategies for saving money. Thanks.

A: I know exactly where you are coming from. I have no help from my family paying for school, I am doing it all on my own. What i did to save up a lot is took a certainpercentage from each paycheck [once you have a job] and put it in a separate savings account. Don't be tempted to spend it because in the long run it will be totally worth it. Also, when you get into high school and start looking into colleges, look to see the statistics on how much financial aid the students usually get. I hope I helped and good luck!

Q: How can I make more money in college?
Currently am in college and I need more money so I can obtain everything I need and then some. Could anybody help me out?

A: ahhh get a job!

Q: What can I do for cost of living money for college?
I don't have any money. I did not qualify or student work. I already took out a federal subsidized loan offred to me through the college, but it was not nearly enough. On top of that The college said I need to pay 4,000 dollars in self help. But I cannot make that much working part time in a school wih a quarter system ( time limmit). My parents are trying to support 3 kids in college and they are tight on cash. What do I do? I am using scholarships, and my scholarship money that I worked hard for is barelyhelping me at all. Is there another way I can take out another subsidized loan? I am taking classes this summer. I really need these classes. All of the money I saved from work is gone. I use it to pay for my living expensese, school fees, and my on going medical problem. I'm broke.

A: In response to the person above, this person obviously already filled out a fafsa---she has a federal subsidized loan. You can take out an unsubsidized loan. It's higher interest--but still way better than any private loans your going to find. Call your financial aid office and ask how much you could qualify for, because I'm pretty sure everyone qualifies for UNsubsidized stafford loans. Also, ask about perkins loans, pell grants, etc. If you or your parents made more money last year than you will this year, you can always fill out a "special circumstances" form w/the financial aid office. This is a form that basically explains to them that you and your family are broke this year--more so than before, and then you explain why. Did someone lose a job? Did you have extra medical expenses? etc. And also, write in their that you're parents are supporting 3 kids in college. You sound desperate, so don't be afraid to let the financial aid office know how broke you are. They need you to be honest though. Sometimes going through that lengthy process will garner you more grant money or low-income funding. Either way, check out the unsubsidized loans, and if you want special circumstances consideration you better get on it ASAP, summer's almost over.

Q: what will i need towards spending money in college?
I am planning to go to college in Dallas, Texas and want to know what i should save just for general spending money?

A: It really depends on your spending habits. I on average spent about $100 dollars a month between going out with friends, buying things I needed in my dorm room etc. If you go out more often, or like to buy yourself clothes/fun things, you're obviously going to need more money than I did

Q: How to make money in college WITHOUT a job?
Im a college student at Illinois State University. With my schedule the way it is, i am unable to get a job. what can i do to make some money on a college campus while doing it on my own time. I already know how to save money, but what good is saving money you are making? right! help!

A: I don't have a lot of time for a job and I like to go to a plasma center and donate plasma. The particular center I frequent is called Biolife Plasma Services, but they are plenty of them with a different name. You get a physical to see if you are fit, and you can go up to twice a week and make about sixty bucks a week, which is not bad for sitting around and a few moments of discomfort.

Q: What are the options for a 17 year old needing money for college, yet on their own?
Is it possible for someone to take out a loan for college if they're only 17, and need money for things such as room & board, and books? If no, what can be done?

A: Well first I would fill out the FAFSA form (fafsa.ed.gov). This is the form that's required in order for you to be eligible for federal financial aid (loans/grants). They are based on need, not credit, but since you're under 24, you'll need your parent's tax returns in order to fill it out. Once you do that, you can choose which schools to have your results sent to and they can create financial aid awards for you based on that. If you're not able to have all of your expenses covered this way, there are many private student loans (Astrive, Chase, CitiFinancial) that can cover the remaining balance, but just remember these private loans are based on credit and you will need a cosigner with good credit to be on your application. Here are the amounts of what Federal Financial Aid is available: $5,500 in Stafford Loan Money: ($3,500 between subsidized and unsubsidized, plus an additional $2,000 unsubsidized in an increase that the government recently approved...I believe beginning last spring term) Pell Grant Money: (Based on need, maximum amount, is $4731) FSEOG Grant Money: (Short for The Federal Supplemental Educational Opportunity Grant. This is for students with the MOST financial aid need, and amounts vary from $100-4000 a year). I hope this helps! Fill out the FAFSA form and take it from there. Just remember that most schools won't be able to tell you how much aid you qualify for until you've applied and been accepted. Not all of them, but most of them. Good luck!!

Q: Where can my daughter get college money?
My daughter is 18 and she is starting at the University of Washington this month, but her mom and I have been going through a nasty divorce for a couple of years and as a result, we are both broke, the house is tied up in red tape, and we have no money to go towards college. My ex works for microsoft and makes enough money to exclude my daughter from many grants, etc. I have been struggling for the last couple of years and have been unemployed for much of it, but she lived with her mom most of that time. Our credit is toast for several reasons (had theft identity, the divorce, etc.) and that excludes us from many of the remaining funding sources. My daughter officially moved out and lives 100 miles away now near school. She has just started her own credit and is very responsible, but at $18,000.00 a year, she has been unable to get funding to cover all of it. What can we do? She has worked really hard to get accepted to the UW and it is not fair that this could end it all.

A: First of all, if your daughter is 18 and holds any hope at all of graduating college, she needs to show some initiative and look up scholarships herself, not have her father do it for her. I hope she at least will fill out the applications herself. Second of all, scholarship books can be a real help. I've found "1,001 Ways to Pay for College" extremely useful in this pursuit. It lists colleges that are tuition-free once accepted, off-the-wall scholarships, ways to save money while in college as well as for college (like the IDA account which will match your college savings up to seven times your goal once you reach it), and more. Take a trip to your local library, or put it on hold so it will be shipped there. You should be able to find many more scholarship books in your county library system as well, as I did.