Money, Money: Funding Your Career College Education

You’ve decided to increase your marketability byeconomic losses, according to NASFAA.
attending a career college. But, how will you financeThere are a number of options available to finance
your career college education? While things may beyour career college education. Certainly if you have
tight in today’s tough economy, the end resultparents or family members who can help you with a
will be worth it. According to the Government Censusloan or gift, that’s a great way to go. If not,
Bureau, career college graduates earn an average ofyou may be eligible for Federal Pell Grants, State Cal
$9230 more in their first year in the job market thanGrants, Opportunity Grants (FSEOG), scholarships,
their high school graduate counterparts.Federal Stafford Student Loans, Federal PLUS Loans
It’s still scary, though, to figure out howor Private Lender Alternative Loans. Also, the specific
you’re going to pay for your education whilecareer college you’ve chosen will probably have
making ends-meat. Fortunately, there are ways tofinancial aid options and counselors to walk you
fund your career college education without breakingthrough the process. Take a look at all your options
the bank.before making a decision.
In the fall of 2007, Congress passed the College CostThe U.S. Department of Education’s Web site
Reduction and Access Act, which set into motion aprovides useful information about federal educational
series of policies designed to help students bettergrant options. The following are some other sites
afford college. Also, the new $790 billion economicthat detail several other options for funding your
stimulus package signed into law in mid-February bycareer college education.
President Obama will give a further boost to college- csac.ca.gov
loans and grants. This infusion of additional funds will- GovernmentGrantAssistance.org
help more students enroll and stay in school,- fafsa.ed.gov
especially those from families who have suffered- ca.gov/Grants.