|Ways to pay off student debt with forgiveness programs|
Looking for some help with your massive student loan debt? Why not roll up your sleeves and do some good? By volunteering or choosing to work in service-oriented professional jobs in lower income communities, you could cancel a huge chunk of your federal student loans.
You could knock off thousands and thousands of dollars of student loan debt after just a couple of years of service. Who knew doing some good could be so incredibly good for your bottom line?
Loan forgiveness programs are available to everyone from Peace Corps and AmeriCorps volunteers to teachers, nurses, doctors, and other young professionals serving communities in need.
SHARE'S IDA PROGRAM: Families whose income meets federal guidelines (not more than 200% of the federal poverty level) may deposit funds into an "Individual Development Account." For every dollar a family deposits into its account, SHARE will match it with $1 or $2, depending upon the family's asset choice. For more information, call the IDA program coordinator at (360) 334-0381or email email@example.com. IDA applications are available online at www.sharevancouver.org.
"A-Z OF FINANCIAL AID & SCHOLARSHIPS" workshops: Free informative sessions offered several times each school year at Washington State University Vancouver. For list of dates/times/locations, go to http://studentaffairs.vancouver.wsu.edu/financial-aid-and-scholarships/az-financial-aid-scholarships-workshops, Learn about ways to apply to get funds to pay for higher education. Open to all college-bound students and their parents, not only those who plan to attend WSU Vancouver.
|What does it cost to go to colleges in our region?|
|"Funding College" guidebook from USAFunds|
|10 Ways to Try to Minimize the Cost of College|
The cost of higher education has escalated faster over the past decade than the cost of any other major expenditure American families face. Here are some ideas how to make college as affordable as possible.
|Washington Opportunity Pathways|
Money is available to help you go to college if you and your family cannot afford to pay the full cost. In Washington, state financial aid programs are known collectively as Washington Opportunity Pathways.
You don’t have to be from a low-income family to qualify for some programs. Financial aid includes grants, loans, work study, and scholarships - and can be either need-based or merit-based.
Need-based aid is awarded to students who cannot pay for college without assistance and includes grants, loans, and work study. Merit-based aid, generally scholarships, is awarded to students based on academic, athletic, or other achievements or criteria. Most students receive a combination of aid in what is called a financial aid package that is prepared by the financial aid office at your college, university, or career school.
|Western Undergraduate Exchange (out-of-state tuition reduction program)|
Many public colleges and universities in 13 of the states in the western part of the U.S. enroll students under the W.U.E. program. It significantly reduces out-of-state students' tuition.
|G.E.T. tuition program|
Washington State's Guaranteed Education Tuition program. GET is Washington's 529 Prepaid College Tuition plan that helps families save for college.
|Husky Promise Program|
University of Washington's need-based scholarship program for low-income applicants.
This program is Washington State University's commitment to making WSU accessible to students from low- to middle-income families. Cougar Commitment awards pay full tuition and required fees, and are renewable for as many as four years.
|College Bound Scholarship|
This program promises to pay for unmet tuition expenses at Washington college and universities(at public institution rates) and a small book allowance for income-eligible students in the state of Washington who sign up in the 7th or 8th grade, work hard in school, stay out of legal trouble, and successfully apply to a higher education institution when they graduate.
Students may sign up in the 7th or 8th grade, and need only apply once. The deadline for all applicants is by June 30 at the end of their 8th-grade year.
|Federal Financial Aid "Shopping Sheet"|
A new one-page form developed by the federal government is intended to take the mystery out of the amount of loans a student might need to take out - - as well as how much in grants and scholarships he/she would need to receive - - to afford to attend a specific college or university. The government asked colleges and universities to use the "Shopping Sheet" for the first time during the 2012-2013 college application year.
|U.S. students' college debt total nears $1 trillion|
According to CBS news, since the recession Americans have vastly reduced the amount of debt they maintain, with one glaring exception: Student loans.
|How much student debit is too much debt?|
An article about student debt from U.S. News.
|Quick Guide: Which College Loans are Best?|
College Board explains the different types of loans college students might take out.