Navigating Financial Aid: Strategies for Securing Student Loans
Navigating Financial Aid: Strategies for Securing Student Loans (Source – unsplash.com) Securing financial aid is among the most significant challenges many aspiring college students face. With the rising cost of higher education, understanding the various financial aid options is essential to making informed decisions that won’t leave you buried in debt after graduation. In the US, the cost of attendance or CoA for a student residing on campus within a public four-year institution is approximately $27,146 annually , which translates to $108,584 over four years. If a student attends a public college out-of-state, the CoA increases significantly to $45,708 or $182,832 over four years. Students who attend private nonprofit universities can expect to pay even more—around $58,628 per year or $234,512 over a four-year degree. However, many must consider that even as four years is the minimum traditional duration of a bachelor’s degree education, up to 97 percent of all con...