You’ve reached a major milestone. You graduated from high school. Congratulations! Your education doesn’t have to end here. Higher education may be on your horizon.
If you or a loved one is making plans to attend a college or university, you’re probably making a lot of decisions. Beyond selecting a school to attend, the biggest question may be how to pay for it.
College tuition is on the rise again. In fact, tuition is increasing at a rate faster than inflation and family income. The annual average sticker price for tuition, fees, room and board at an in-state public college is $20,090 and $45,370 for private college.
But, don’t despair! There are many options to help offset the expense, and pay for what assistance doesn’t cover.
First things first. Scholarships!
Do you know how many scholarships are out there? Millions! The process of finding the right scholarship opportunities to fit your needs doesn’t need to be difficult. Vantage offers access to an online Scholarship Finder where you can search a database of over 3.5 million scholarships worth more than $18 billion!
While scholarships and other aid can offset some expenses, more than 44 million Americans have taken out student loans to pay for school.
In addition to federal student loans, there are other loan options to help finance the cost of higher education. At Vantage, we offer:
- The Smart Option Student Loan ® for Vantage Credit Union by Sallie Mae. An ideal solution to help you pay for college expenses not covered by scholarships and federal loans. This loan * offers competitive interest rates and three great repayment options.
- The Parent Loan for Vantage Credit Union by Sallie Mae. Any creditworthy individual—parents, grandparents, aunts, uncles, spouses, and guardians—can help a student achieve their dream of college. The Parent Loan ** offers competitive interest rates and the flexibility of two repayment options. The loan can help your student pay for college expenses not covered by scholarships and federal loans.
We’re here to help you reach your educational goals.
What scholarships are right for you?
Considering a student loan with Sallie Mae?
* For borrowers attending degree-granting institutions.
** For parents or loved ones with students attending degree-granting institutions.