When looking to finance higher education, what is the best order to look for funding sources?

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17-05-2016
Advanced Placement (AP)

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When looking to finance higher education, what is the best order to look for funding sources?

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taskmasters taskmasters · Answer 1 · 2016-05-24T21:25:57+02:00

In financing for a higher education is a tough job. The source of fund is the biggest challenge. When funding sources, the best order to look is:
Grant/Scholarships - Federal Student Loans - Private Loans
First among the options, a student must find a grant/scholarships. They are often called gift aid because they are free. It might come from the government, college, or a private organization like NGO. In the US, there are two types of federal student loans; William D. Ford Federal Direct Load Program and Federal Perkins Loan Program. Both offers a great opportunity which is preferable than a private loan.