This may require filling out many forms, but the results are usually well worth the effort. Often, free money or a loan with a low interest rate can be secured. Loans, scholarships, and grants are available from private and public institutions. When your child begins applying for college, contact each financial aid office. Financial aid officers can advise you on what options are right for your child and where to look for money.
Libraries also can provide information on state and private sources of financial aid.
If you want to use several methods to finance your child's education, look for a package of aid. The package may include savings, loans, grants, scholarships, gifts, your child's savings from summer jobs, and work-study programs. Plan to apply for financial aid from a college by January of the year your child expects to attend in the fall. Check for deadlines with the school. Almost any student who demonstrates need can qualify for one of these low interest loans.