Congratulations! You’ve been accepted to college! But now that it’s only a few months away you need to find a way to pay for it. Here are a few ideas to consider if you need money for college.
Ideas If You Need Money For College:
Get A Part Time Job: The classic source for money for those trying to work their way through college. In my opinion the best part time jobs for college students are the ones with lots of down time. This allows you to multitask by studying while earning money.
Sell Your Blood: No I’m not joking. You can donate blood up to twice per week for $50-$100. That could be $2,500-$5,000 a year in easy money. For the college student who has a flexible schedule this could be a great way to earn money fast.
Start A Small Business: There are lots of opportunities for small businesses in college. Doing lawn care or lawn maintenance is a great example. Maybe start an online store. Or even start a blog! (Although this is definitely not a short term way to make money it can work out in the long run)
Student Loans: The department of education has two loan programs which you can take advantage of. There is the William D. Ford Direct Loan Program which offers subsidized and unsubsidized loans. There is also the Federal Perkins Loan Program which is for students with “exceptional financial need”. Perkins loans are only offered through your school and only if they participate in the program. So check with your financial aid office for details.
Bursaries/Scholarships: While at your financial aid office you should also check out the bursaries and scholarships available. There are plenty of opportunities out there. Some are pretty unusual, like the American Fire Sprinkler Association Scholarship Program where there are ten $2,000 scholarships to be had. Who knew!?! Or if you like potatoes there is the National Potato Council Scholarship worth $10,000/yr.
Government Grants: There is the federal Pell Grant that can give you up to $5,730/year for up to 6 years. This amount depends on things like financial need, annual cost of your college program, full time or part time status and if you plan on doing one or two semesters per year.
Even More Great Websites & Resources If You Need Money For College:
Need money for college? Here are some great posts from other bloggers!
Jon Haver @ Pay My Student Loans writes Best Way To Avoid Student Loan Default – Figure out exactly how much you are going to need. Include whatever you can’t cover yourself by whatever income you have coming in; then borrow no more than that amount. Do not accept a higher amount offered; it tends to get you in trouble.
Alexa @ Single Moms Income writes 4 Weeks to a Freelance Writing Job – The Pep Talk – My number one piece of advice is to just take that first step – face your fears, put yourself out there, and get started.
Erastus @ Sprout Wealth writes Make Money Series – Earn Money Testing Websites – Make money series is a series that guides you in making extra money. Today we are focusing on earning more income by testing and evaluating websites for other companies.
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