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What are Best Ways to Pay for College

The very best way to pay for college is cash. If possible, try to save as much money as you can in advance to pay for college. 529 Plans are a great way to save and grow your money faster (when the markets are favorable) than just socking money away in a traditional savings account. After cash, scholarships are another excellent way to pay for school. Some rely on grades or activities, but there countless scholarship opportunities out there. It will take some time and discipline but your efforts should pay with some money to help pay for school. Finally, if you have true financial need, you may qualify for grants. When you fill out the FAFSA (Free Application for Federal Student Aid) you will be evaluated for grants and if you qualify your financial aid award letter will let you know. Your last resort to pay for college is to borrow money. While it’s not ideal to graduate with debt, it might be necessary to help you get your degree.

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