Many people think they only have a few options when it comes to paying for college. They can either borrow money from their parents, which can often be difficult or impossible, or they can take out a loan from the government that they have to pay back once their education has ended. Both of these are valid options and should still be considered, but they have their drawbacks. Either way, you owe money to someone before you’ve even gotten a good-paying job.
1. What is a Pell Grant?
The Pell Grant is a government grant that helps you pay for college. It won’t likely pay for the entire thing unless you go to community college or a cheaper state college. Even so, you may be able to combine a grant with a part-time job and be completely debt free once you leave school.