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