Utah Student Planning Guide Grades 7-8 - page 20

Every dollar
is a dollar less you
will have to borrow
to go to college.
Every dollar you
borrow will cost you
two dollars by the
time you pay back
the loan.
-Frank Frantozzi, CEO
Planned Financial Services
Start saving
a portion of
your allowance,
birthday money, and any
other money you
receive for college. No
matter how much
or how little you save,
every cent makes a
difference in affording
your higher education!
It’s Not Too Early to Think About …
Paying for College
It’s important that you and your family prepare to pay
the costs of college (save, save, save!), but many students
also take advantage of
financial aid
Financial aid is money that
helps you pay for 1, 2, 4
or more
years of education beyond high school. The money
comes from the U.S. government, the state where you live,
the college you attend, or even from private sources. But,
you have to apply
to get it!
There are
two basic types
of financial aid.
“Gift” aid
, such as grants and scholarships, is money that
does not have to be paid back.
“Self-help” aid
like work-study and loans, is money that you
work for or that you will need to pay back later.
Now is a great time to start thinking about
scholarships, as
you can qualify
based on:
to others
Creative, athletic, or other
Group membership – cultural, ethnic, religious, or other
Visit the
Student Gateway to Federal Student Aid
brought to you by the U.S. Department of Education:
Learn how you qualify for aid, how to apply, and more!
If you want to go to college, and you’re willing to
work at it, you
can find the money to pay for it
As you develop your plan, find out –
What it costs to attend the college(s) of your choice
What your parents plan to contribute, including
whether they expect you to live at home
What characteristics will earn you a scholarship
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