How To Pay For College Without Parents Help

Q: I am 18 years old and have been accepted into college for the fall. My parents do not make much money and will not be able to help me pay for college. Is it possible for a young student to pay for college without help from their parents?

A: It is certainly possible for a student to pay for college without financial help from their parents or legal guardians. Students in need of money for college should start by applying for scholarships, and by completing a FAFSA. College scholarships are a great source of money for college, and unlike students loans, the money awarded in scholarship funds never needs to be repaid. Students can visit the Scholarship section of our site to learn more about college scholarships, and utilize our free scholarship search to begin locating scholarships they qualify for.

After free money for college resources such as scholarships, federal financial aid will typically provide the next best source of money to help pay for college. Federal financial aid is comprised of federal student loans, federal grants, and work-study. All federal financial aid programs are applied for by completing a FAFSA (Free Application for Federal Student Aid). Nearly all federal financial aid programs are based upon a students financial need, so depending on what the students financial need is, the student may be eligible for federal grants (which like scholarships will never need to be repaid), federal student loans (low, fixed interest rate loans with more repayment options than private student loans), or a combination of both. Generally, all students who complete a FAFSA will qualify for some amount in federal student loans.

For students who are still in need of more money for college after they have exhausted the above resources, they may consider a private student loan to cover the additional costs. Unlike federal student loans for college, private student loans for college will be based upon the borrowers credit profile. For students with little or poor credit history, it will be difficult to obtain a private student loan without the help of a creditworthy cosigner (such as a parent).

Student Loan Advice: 10 Tips for Beginners

To help get you started learning about college financial aid, we’ve put…

When To Apply For Student Loans

Q: When should a student start to apply for student loans? I…

How To Find Easy Student Loans

A: I was wondering, as a first time college student, how do…

What Happens To Student Loans If I Withdraw

Do I have to pay back my student loans if I don’t…

Transferring Schools And Financial Aid

So you’re thinking about transferring schools and your wondering how this will…

College Tax Questions: Deductions And Credits

The topic of your taxes and your educatioal expenses, always lends itself…

What Is Financial Aid For College

Q: I will be attending college next year and am a little…

9 Important Financial Aid Questions For College

When choosing a college or school, understanding and evaluating the schools financial…

Student Loans
Are Student Loans Different Than Other Loans

Q: Are student loans different from other type of loans, like a…

Student Loans
Online College Financial Aid

Q: Is there any difference in the financial aid process for online…

Student Loans
Student Loan Interest Rates: Fixed vs. Variable

When it comes to student loans, as with any loans, interest rates…

Student Loans
Student Loans For Living Expenses

Q: I received my federal financial aid and it is not going…

Student Loans

Questions For CollegeWhale

Have a college financial aid question? CollegeWhale.com is full on answers! Type your question in the search box to get started.

Sign Up To Win Scholarships

Sign up for The CollegeWhale.com Weekly Scholarship Round-Up, and let us bring the scholarships to you! Get a list of new available college scholarships delivered to your inbox each week.

sign upsign up