funding your education
DESCRIPTION
Funding Your Education Beyond High School High School Free Fast College courses now available if at least 16 years old Fulfilled government regulation Air Force National Guard Marines Army Navy Armed Services Job Corps-up to 21 years of age Technical and Vocational Training Costs Admission fee Deposit Tuition Room and board Expected family contribution Interest and principalTRANSCRIPT
High SchoolFreeFastCollege courses now available if at least 16 years oldFulfilled government regulation
Programs to ConsiderArmed Services
Air ForceNational GuardMarinesArmyNavy
Job Corps- up to 21 years of ageTechnical and Vocational Training
Technical CollegeDurham Technical InstituteVocational Skills TradesJob Readiness and TrainingAssociate Degree – 2 yearsValue added because class credits transfer to college and university
College / University4 year degreeLiberal Arts, Math/Sciences, etc.Public versus Private Greater cost for private school
Graduate SchoolMaster’s Degree – 2 years after collegeDoctorate Degree – up to 4 years after collegeAdditional training in job specific fieldEntrance Exam (GRE) or Work Portfolio
Ways to Fund TuitionNC 529 Savings planBank Savings AccountWork / Work Study ScholarshipsGrantsLoans
Promissory NoteSubsidized / Unsubsidized
Installment / Payment Plans
How To QualifyFAFSAMen must register for Selective Service if 18+ years of ageApplicationReferencesGPASchool / Community Involvement
Things to AvoidCredit cards are not goodBorrowed amount should not exceed expected annual salaryUsing unused loan (refund) for non-school related expenses
Return unused money to lender
Repayment of TuitionApproximately 6 months after graduationCredit rating based on timely paymentsLoan consolidation of similar loan types into one paymentGraduated paymentsIncome sensitiveCommunicate with your lenderBorrowed amount transfers to your estate
Gerber Life Planhttps://www.gerberlife.com/gl/view/guide_products/esp/index.jsp?trace_path=heroblock
Student Loan Repaymenthttp://studentaid.ed.gov/PORTALSWebApp/students/english/index.jsp
Repayment Information -http://studentaid.ed.gov/PORTALSWebApp/students/english/repaying.jspRepayment Plans & Calculators -http://studentaid.ed.gov/PORTALSWebApp/students/english/OtherFormsOfRepay.jspPublic Service Loan Forgiveness -http://studentaid.ed.gov/PORTALSWebApp/students/english/PSF.jspPostponing Repayment -http://studentaid.ed.gov/PORTALSWebApp/students/english/difficulty.jsp