Pay for College

Washington Financial Aid ProgramsRemember, there are four main types of financial aid: scholarships, loans, grants and work-study. Within those categories, there are a lot of different programs and services. Just think how many different scholarships are available! There aren’t quite that many loan or grant programs, but there are quite a few. The state of Washington spends millions each year to help students and their families pay for college. You may be eligible for one or more of the following state financial aid programs.  Read more

How to Apply for Financial AidComplete the FAFSA.To apply for federal financial aid and some state aid programs, you must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is available at high school guidance offices, college financial aid offices and public libraries or by calling 1-800-4FEDAID. It is also available online at www.fafsa.ed.gov. Seniors should apply as soon as possible AFTER Jan. 1. Do not wait until you get into college to apply.Review your Student Aid Report. Read more

Saving money for college is really important.Every penny you save can reduce the amount you need to borrow for college. And the earlier you start saving, the less you will need to save every month to meet your savings goals. In time, small amounts set aside every month can grow into serious money.To get an idea of how your money can grow and how you can save, talk with a qualified investment advisor or representative at your local credit union or bank. They can tell you about saving for college using: Read more

Determining Financial Need Financial need is the difference between what your family is expected to pay (expected family contribution or EFC) and what it costs to go to your college of choice (cost of attendance). Most colleges will try to meet 100 percent of your financial need, but your need may vary from school to school.  Read more

College Costs When people talk about the cost of college, they generally include tuition, mandatory fees, room, board (food), books, transportation and other supplies. You may be able to control some of these costs, like how much you pay for housing and food. Some of the costs are out of your control, like how much tuition goes up every year.  Read more

Overview of Financial Aid When you and your family have done all you can to cover the cost of college, financial aid is available to help. Most financial aid comes from state and federal governments, colleges and universities. The rest comes from private sources, such as local organizations, foundations and corporations. Financial aid is divided into two categories: need-based and merit-based aid. Need-based financial aid is awarded to students who have a documented financial need. This includes loans, grants and work-study. Read more