Think about your plans to go to college, even if you have never considered it before. What plan would you develop to help pay for college? Explain your plan using vocabulary terms from this lesson.

Answer:

To pay for college, I would first develop a long-term savings plan with my family. I would also research and apply for various scholarships and grants, which are forms of financial aid that do not have to be repaid. Additionally, I would fill out the FAFSA to determine my eligibility for federal student aid, including work-study programs and low-interest student loans. Finally, I would compare the financial aid packages from different schools to create a final budget for my education.