Despite all your good intentions, you may not be able to save enough to meet the tuition and room and board bills when your child starts college. In fact, many people do borrow to pay for college.
Call the Federal Student Aid Information Center 1-800-433-3243 and request the free Funding Education Beyond High School: The Guide to Federal Student Aid on government loans and grants for all the details. You can also get a copy from their Web site at www.studentaid.ed.gov. We've consolidated some of that information (see the section Federal Loans and Grants) to make it easy for you to compare the loans.
We recommend that you consult each of these sources and go through the process to determine (1) if you qualify and (2) how much they will lend to you.
Loans and Grants Based on Need
Loans Not Based on Need
Unsubsidized Stafford Loans
Federal Pell Grants
Federal Supplemental Educational Opportunity Grant (FSEOG)
PLUS (Parent Loans For Undergraduate Students) Loans
Subsidized Stafford Loans
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC. Insurance products are offered through LPL or its licensed affiliates. Premier America Credit Union and Premier America Investment & Retirement Services are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Premier America Investment & Retirement Services, and may also be employees of Premier America Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of Premier America Credit Union or Premier America Investment & Retirement Services. CA Insurance License #0759204, TX Insurance License#1643255.
Securities and insurance offered through LPL or its affiliates are: