Pay for College

rhodes_calculator.jpgIt's important to start saving early for college. Keep in mind that few students pay full sticker price for college. Most students pay for their education through a combination of savings, scholarships, grants, and loans.

Financial aid for college can come from a lot of different places, but the first three general sources to look into are the following:

Ohio offers the CollegeAdvantage 529 College Savings Program where the earnings on your savings are tax-free and withdrawals made for qualified higher education expenses are not taxed. Ohioans get even more advantages with a tax deduction for contributions up to $4,000 per year, per beneficiary. Whether you’re the parent of a young child, middle school student, or 12th grader, there are advantages to using a 529 Plan before you start paying for college.

And be careful! Make sure any financial aid search service is free - if it costs money, it could be a scam!

Financial aid eligibility varies by school and by program. Please check with the financial aid office of the school you are considering before making a final commitment.

Other online resources to help you find money for college: