Home > School and Learning > By Grade > College > Paying for College > Top 10 Tips for Paying for College

Slideshow Iconslideshows MORE


Top 10 Tips for Paying for College

10 of 11

Federal Aid

Federal aid can include money that doesn't have to be paid back, like grants and scholarships, as well as loans that are paid back once a student graduates or finishes school.

If you do end up having to borrow money, federal student loans are the cheapest option. Loans made directly to students often have the best interest rates, with the top rate being 6.8% for a Stafford loan. Federal loans for parents (PLUS loans) are also available, and carry a maximum interest rate of 8.5%.

Visit FAFSA's website to apply for a federal grant, scholarship, or student loan.

Private loans are still available, but can carry double-digit interest rates.

Next: More popular galleries


Top 2015 Halloween Costumes for Kids
Will your child transform into a dinosaur, a superhero, or the latest Disney princess on October 31? Take a look at 2015's hottest Halloween costumes for boys and girls of all ages!

Find Today's Newest & Best Children's Books!
Looking for newly released books for your child? Try our new Book Finder tool to search for new books by age, type, and theme, and create reading lists for kids!

8 Not-Too-Spooky Halloween Activities for Kids
Halloween can be too scary and gory for preschoolers and kids of all ages. Find non-scary Halloween activities and party ideas that make this creepy holiday more kid-friendly.

Ready for Kindergarten?
Try our award-winning Kindergarten Readiness app! This easy-to-use checklist comes with games and activities to help your child build essential skills for kindergarten. Download the Kindergarten Readiness app today!

stay connected

Sign up for our free email newsletters and receive the latest advice and information on all things parenting.

Enter your email address to sign up or manage your account.

Facebook icon Facebook icon Follow Us on Pinterest

editor’s picks