Smart Ways to Pay for Your Christian Education

Once you have decided where you want to go to college, the next step is figuring out how you will pay for your education. As college costs rise, determining financing can be quite difficult from tuition to living, transportation, books and more. According to, over half of today’s college students receive some type of financial assistance to cover their expenses. The first step in acquiring financial aid is to become informed about what is accessible to you.

Financial aid assists you in covering college costs you are not able to pay. Unfortunately, the government, or your college, determines the amount of financial aid you will be given, and they do this by ascertaining how much you are able to contribute based on your family’s income, assets and size. This is called the Expected Family Contribution (EFC) and it is calculated using the information you supply on the Free Application for Student Aid (FAFSA). The amount of financial aid you are eligible for is the difference between the cost of your college and your EFC. Now that you know this information, you can look for financial assistance in the areas below.

Scholarships are given to students based mostly on merit. However, there are some other factors that can enable you to be considered for a scholarship, including what you are studying, where you live, and involvement in your community. One major perk of a scholarship is that it does not have to be repaid. If you choose a private college, there are many scholarships available, more so than if you decide on a public college. This is very beneficial since most Christian colleges are private colleges, which gives you the capability to cover more of your expenses.

Grants are bestowed by federal and state government or colleges and are usually given based on need. They are similar to scholarships due to the fact that they do not have to be repaid.

Your next option would be to look for loans. Students with financial need can get loans from the federal government that are low-interest and may be subsidized so that you do not accrue interest until after you graduate or stop attending school. Many federal loans do not require you to pay until after graduation. Lastly, would be work-study programs, which are federally funded and offer students the chance to work part time, typically on campus, to help meet their financial need.