The cost of a college education can be overwhelming. That is why it is so important to consider all of your options, especially your credit union membership. South Jersey Federal Credit Union provides student loans through the Federal Stafford Student Loan Program. We can help you afford a bright future!
Like any major decision, determining the amount you need to borrow for college requires a bit of homework. You can start off by finding out how much financial assistance you qualify for up-front for the schools you are considering. Find out as much as you can about schools you are interested in attending. Request information on the costs of attendance, and try to calculate your school expenses - books, dormitory and living expenses, etc. Discuss options for paying for school and applying for private and local scholarships with your guidance counselor. Many states also offer pre-paid tuition and savings programs that are worth checking out. Request information and forms on financial aid and complete admission applications for each institution. Most institutions have a variety of options including grants, scholarships and work-study programs. Depending on your level of qualification, these are areas that you should investigate and consider.
To apply for Financial Aid, start by completing the Free Application for Federal Student Aid (FAFSA), which will help determine your need for financial aid. You can get this form from your high school counselor or the financial aid office of a school you are considering.
When all is said and done, consider all of your options when looking for ways to pay for your college education. And when you're ready to apply for your loan, South Jersey Federal Credit Union is ready to help you along the path to a bright future.
