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The FAFSA opens on December 1st

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Paying for College

When it comes time to pay for college, you have options.

Students laughing

Ways to Pay

The college price tag can be high, but there are resources and methods to help your family manage the expense when the college bill comes due.

College Savings

The U.Plan Prepaid Tuition Program and the U.Fund 529 Plan offer tax advantages and other benefits

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Financial Aid

Financial aid can cover a significant portion of your college costs

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Massachusetts Programs

The Commonwealth of MA has programs to reduce or eliminate tuition charges, waive fees, and pay for books

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Private Scholarships

There are many different sources of private scholarships, all dedicated to helping you cut college costs

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Payment Plans

Split your college costs into several monthly payments for a small fee

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Private Loans

Several lenders offer financing options for college with a range of interest rates and repayment terms

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College Communications

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Financial Aid Offers

Colleges will share the financial aid you’re receiving from the federal government, the state government, and their own sources on the financial aid offer

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The College Bill

You’ll likely receive your college bill electronically, with just one semester’s charges

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Explore the Numbers

Labels
Immediate Repayment: 10 Years Immediate Repayment: 15 Years Interest-Only Repayment: 15 Years Deferred Repayment: 15 Years Student Deferred with Co-borrower Release: 15 Years
In-School Monthly Payment*
Post-School Monthly Payment*
Total Cost of Loan
Interest Rate
APR** 5.75% – 8.50% 6.00% – 8.65% 7.15% – 8.95% 6.73% – 8.75% 6.81% – 8.85%
Student Deferred with Co-borrower Release
In-School monthly payment*
Post School Monthly Payment*
Total Cost of Loan
Interest Rate
APR
In-School monthly payment*
Post School Monthly Payment*
Total Cost of Loan
Interest Rate
APR
In-School monthly payment*
Post School Monthly Payment*
Total Cost of Loan
Interest Rate
APR
In-School monthly payment*
Post School Monthly Payment*
Total Cost of Loan
Interest Rate
APR
In-School monthly payment*
Post School Monthly Payment*
Total Cost of Loan
Interest Rate
APR

*All loans have a minimum monthly payment of $50.
**The Annual Percentage Rate (APR) is designed to help consumers understand the relative cost of a loan and reflects the loan’s interest rate, timing of payments, and deferment period assumption. The lowest rates are only available to the most creditworthy applicants. Maximum deferment is 5 years. All payment information provided by this calculator is an estimate only. All monthly payment figures, loan balances, and total cost figures are estimates based on data you provided on the data input screens. Your actual loan payments and estimated total payment may vary based on the type of loan, interest rate, loan term, and your repayment habits.

College Name
Annual Costs
Tuition & Fees
Food & Housing
Books & Supplies
Health Insurance
Other Costs
Annual Gift Aid
Federal Pell Grant
Federal SEOG
State Grant/Scholarships
College Grants/Scholarships
Outside/Private Scholarships
Student Loans
Federal Direct Subsidized Loan
Federal Direct Unsubsidized Loan
School-Specific Student Loan
Other Resources
Work-Study
Other Resources/Savings
Total Annual Costs
Total Annual Gift Aid
Total Student Loans
Total Other Resources
Remaining Cost

Financial Aid Offers & the College Bill

This webinar provides valuable guidance for high school seniors on understanding financial aid offers and different methods to pay for college costs. Topics include an overview of different types of financial aid, an explanation of how to calculate the balance due at each college, ways to pay the college bill, and how to make the college decision.

PAYING FOR COLLEGE

Financial Aid Offers & the College Bill

Kids going to school

Competitive-Rate College Loans

Fixed interest rates, multiple repayment options, no application or origination fees, and an instant decision on complete applications

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