Paying for College

US News and World Reports recently wrote a post a bout 6 Ways to Get Free Money For Grad School. An interesting note in the story is that 40% of students GET free money when going to grad school. These tips may help you stay out of the 60% of those students that don’t.

1) Apply To Multiple Schools & Start A Bidding War
This is a tricky thing to do, but applying to a school that you are overqualified for could definitely help in getting some free money. When a school is looking at applicants,and you are overqualified, they may offer you some money as you will help raise the overall stats and rankings … helping them in the long term.

2) Fill Out The FAFSA
If you are a candidate for need-based aid, the FAFSA is a must. While it is confusing to fill out, there are many good videos these days on YouTube that can help!

3) Ask Your Financial Aid Officer!
These people are professionals that help student find funding for college! They know more than you, and might be able to get you free money.

4) Look For Charities and Agencies that Fund Graduate Studies
Great for education, medical, science and languages, many groups out their willingly pay others to further their education, why not try?

5) Ask Your Employer
Many employers help grow the knowledge base of the company and their workers by footing part of the grad school bill. Not only is the pay a positive, but the free money for school is great, a win-win situation!

6) Look for Tax Benefits
Use tax benefits to your advantage. Deduct student loan interest, tuition expenses, and take advantage of the lifetime learning tax credit.

These six steps are a great start to getting free money for grad school, and not having to rely on student loans!

Full story can be found here.

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