Funding Your EducationBeyond High School
High SchoolFreeFastCollege courses now available if at least 16 years oldFulfilled government regulation
Programs to ConsiderArmed Services
Air ForceNational GuardMarinesArmyNavy
Job Corps- up to 21 years of ageTechnical and Vocational Training
CostsAdmission feeDepositTuitionRoom and boardExpected family contributionInterest and principal
Technical CollegeDurham Technical InstituteVocational Skills TradesJob Readiness and TrainingAssociate Degree – 2 yearsValue added because class credits transfer to college and university
College / University4 year degreeLiberal Arts, Math/Sciences, etc.Public versus Private Greater cost for private school
Graduate SchoolMaster’s Degree – 2 years after collegeDoctorate Degree – up to 4 years after collegeAdditional training in job specific fieldEntrance Exam (GRE) or Work Portfolio
Ways to Fund TuitionNC 529 Savings planBank Savings AccountWork / Work Study ScholarshipsGrantsLoans
Promissory NoteSubsidized / Unsubsidized
Installment / Payment Plans
How To QualifyFAFSAMen must register for Selective Service if 18+ years of ageApplicationReferencesGPASchool / Community Involvement
Things to AvoidCredit cards are not goodBorrowed amount should not exceed expected annual salaryUsing unused loan (refund) for non-school related expenses
Return unused money to lender
Repayment of TuitionApproximately 6 months after graduationCredit rating based on timely paymentsLoan consolidation of similar loan types into one paymentGraduated paymentsIncome sensitiveCommunicate with your lenderBorrowed amount transfers to your estate
Gerber Life Planhttps://www.gerberlife.com/gl/view/guide_products/esp/index.jsp?trace_path=heroblock
Student Loan Repaymenthttp://studentaid.ed.gov/PORTALSWebApp/students/english/index.jsp
Repayment Information -http://studentaid.ed.gov/PORTALSWebApp/students/english/repaying.jspRepayment Plans & Calculators -http://studentaid.ed.gov/PORTALSWebApp/students/english/OtherFormsOfRepay.jspPublic Service Loan Forgiveness -http://studentaid.ed.gov/PORTALSWebApp/students/english/PSF.jspPostponing Repayment -http://studentaid.ed.gov/PORTALSWebApp/students/english/difficulty.jsp
Additional ResourcesCollege Foundation of NC –www.cfnc.org
E-learning in NC - www.elearningnc.gov
Federal Financial Aid -http://www.fafsa.ed.gov
