Federal Government: The Department of Education awards about $150 billion a year to more than 15 million students in the form of federal grants, student loans and work-study programs.
State Government: Your home state offers various types of financial aid. You might be eligible, even if you’re not eligible for federal aid.
Colleges and Universities: Many colleges and universities provide financial aid and scholarships from their own endowment funds.
Financial Aid: According to NextGenVest.com, a company that helps students manage the college selection and financial aid process, “approximately $2.7 billion is left unclaimed in federal aid by students who don’t fill out the FAFSA.”
Scholarships: Individual colleges, as well as private funders, award scholarships in recognition of academic performance, athletic excellence, a commitment to community service or other unique talents.
Savings: 529 plans, Coverdell Education Savings accounts, UTMA/UGMA, savings bonds, investment accounts…the list goes on.
The cost for college education can be daunting, but with some planning, you can significantly reduce tuition costs and make attending a university an affordable reality. At Broadway Bank, we can help you create a reasonable plan for your future. Our CERTIFIED FINANCIAL PLANNER™ professionals are skilled in managing college expenses. Start planning by contacting us today at 210.283.6600 or FA@broadway.bank