How do I get free college money for my daughter?
Jul.28, 2010 in
Student Aid
Question by usabay: How do I get free college money for my daughter?
The state of california has cut back on student grants/loans. My daughter is doing great in college, yet she will have to drop many class because we have no money to help her. Are thee any foundations that give charitable donations in the S.F. Bay Area to families or students to complete collage education. Thank you!
Best answer:
Answer by yougotit
check out federal grants and scholarships. go through Pheaa they may also guide you to scholarships. Check out companies like Coke they also give student scholarships.
What do you think? Answer below!
July 28th, 2010 at 9:32 am
Has she had free money in the past? If your EFC has been low enough to qualify for Pell Grant, that is Federal money and should not be affected by the changes in CA due to the budget. The State legislature also approved funding for Cal Grant for the 08/09 year, so if she has had that, she will retain it for the year. As for new FREE money, you are going to find it hard to find, unless she has the grades that can qualify her for Scholarships (try scholarships.com for a search engine and never ever pay for a scholarship search).
You should also check with the Financial Aid Office at her school, as they may have options for her.
Lastly, if your own credit is decent, you can apply for a Federal PLUS loan (Parent Loan for Undergraduate Students). The rate is about 8.5%. The drawback is, you begin repayment as soon as it is disbursed. If she has good credit, she could apply for an alternative loan. Rates will vary depending on her credit, but it is not repaid until she is out of school. Also, be sure she is taking advantage of her Stafford loans. They may not be Free money, but at least she won’t have to repay them until 6 months after she has graduated or left school.
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