How To Pay For College

Published on July 18th, 2017

Going to college is an incredible opportunity that not everyone has access to. It is the primary path toward a career – but it comes at a hefty price. Paying for college is the biggest expense in many people’s lives and is sometimes so great that cost alone forces young, smart individuals to opt-out of higher education altogether. If you or your children are pursuing a college education but don’t know how to pay for it, there are options available. One of those options is taking out personal loans from credit unions near Elmhurst. Contact Leyden Credit Union to learn about our loan programs.

Financial Aid (FAFSA)

Federal financial aid is one of the most common ways people pay for their education. Make sure to fill out the Free Application for Federal Student Aid by June 30, 2018 if you want to be considered for aid during the 2018-2019 academic year.

Scholarships

Scholarships, particularly local scholarships, are a great resource for people looking for a way to fund college. Local businesses, foundations, and families often offer scholarships for people in their communities. You may even be able to get a scholarship for a particular area of study if you know what you are getting your degree in. Visit Scholarships.com to find scholarships in your area and around the country.

Grants

Federal grants are a great resource to pay for college, as often you do not have to pay them back. Some federal grants distribute free cash to students to be put toward college expenses such as tuition, books, and housing.

Personal Loan

Many people decide to go the personal loan route by borrowing from their local credit unions near Elmhurst. At Leyden Credit Union, we give our members the opportunity to take out personal loans for durable goods and services, like college. We believe in pursuing higher education, which is why we want to help make it possible for you or your family to attend college. To learn more about our personal loan programs, contact us today or come into our office and speak with a representative!

Contact us today to discuss your financial needs. We proudly serve members in the following areas: Franklin Park, Schiller Park, River Grove, Melrose Park, Elmwood Park, Elmhurst, Northlake, as well as the townships of Leyden, Addison, Elk Grove, Lyons, Maine, Proviso, and York.


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