Alternative Ways to Pay for College Tuition Fee

Government of the United States offered a program to the Department of Education where a student can apply for a Federal Student Aid in case he or she cannot pay or having a hard time paying the college tuition fee of the school. You can read more here at www.fafsa.ed.gov. The financial aid is divided into three where a student can select one program that he or she is confident he or she can pass. The programs are detailed below:

Federal Work-Study

If you are confident that you can balance your study while working, the government can offer only a part-time position on your chosen field. This is to help for your college tuition payment.

It’s Benefits:

  1. The money you will earn will not just cover your tuition in college but as well as your expenses while studying.
  2. It won’t have an effect on your financial aid status which gives you the privilege to apply either student loan or grants.

Federal Loans

If you think you can pay a monthly settlement plus an interest, student loan can be your option. The good thing about it is it’s cheaper among other loans with low and fixed interest that never goes up each year. Learn more here at www.fafsa.ed.gov.

It’s Benefits:

  1. You can build a nice credit rating that can be useful when applying for another loan.
  2. Federal Perkins Loan and Subsidized Stafford Loan are paid by the government.

Federal College Grants

If you have been picked among the many applicants, you are lucky to have this kind of award from the government. It is a help that can pay your college tuition without paying back the money.

It’s Benefits:

  1. The money you receive can be up to $2,445 each year.
  2. Some schools may also offer grants to their students from government.

Upon knowing the program, the student now must complete the FAFSA form at Ed.gov. It is the form that will determine the eligibility of the student to be qualified on the program.

How to Be a Member of Scottrade?

Since the success of Rodger Riney in building a discount brokerage named Scottrade, it has now grown into a big online trading company in United States. The company is very easy to find since it has 100 office branches in different states. It also said that the company can cater any level of financial states. It is said that the company has the lowest rate of opening deposit. If you want to put your money on a good investment, this company might be for you. Login to Scottrade if you are curious about this company. All you need is to know the process of how to open an account. Here are the steps.

  1. Type the URL Scottrade.com and open your account. The application process will take about 10 minutes to fill out the information needed online.
  2. Place your basic information and select the type of account. The first page of the application will be about providing your basic information such as your whole name, address, contact number and many more. You will also be asked what account type you want such as individual, joint and etc.
  3. Give your employer’s information. The website will also ask about your basic employment details and about your employer. It will be used to verify some information through the contact information.
  4. Provide tax information. The company will ask about your tax information which leads you to provide your Social Security number, marital status, citizenship and whether you have backup withholding.
  5. The company will verify your identity. The Scottrade will conduct an automated credit check to know if you are qualified for the application. The process will lead to the credit history you have if you have any creditors in the past.
  6. Funding your account. After you are verified and your account is created, you can now deposit money or check to your account.

These are the six steps on how to start trading stocks in Scottrade. Now you can put your money into a good use for your future.