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
Slide 9

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

highlights

11 Awesome STEM Toys to Get Kids into Science & Math
Get your child excited about the STEM subjects (science, technology, engineering, and math) and summer learning! See our picks for science kits, math games, and other STEM toys for kids 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, brought to you by Galactic Hot Dogs.

Preventing Hot Car Deaths: 6 Facts & Tips for Parents
Every year, between 30 and 50 children in the U.S. die from overheating in a vehicle. Learn facts and prevention tips to safeguard your child from "hot car death."

Registered for Kindergarten — Now What?
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