Meet Cost

Aid Chart: for Continuing Education

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Type Program Program Information Annual Award Limits Requirements
Type Program Program Information Annual Award Limits Requirements

Private Student Loans

see Private Loans


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or dial
1-866-230-4578
for questions on how this loan program can work for you

Private student loans are the best financing options for students who are enrolled less than half time in an accredited program.

Private student loans are used to make up the difference between total cost of school and any financial aid received.

These loans are not guaranteed by the government so the interest rate and origination costs may be higher.

Most private loan programs have higher borrowing limits than federal loan programs.

The student will submit the application as the borrower. The parent will become the co-borrower to the application if the student is unable to meet the credit guidelines.

The loan can be used for education-related expenses, including the purchase of a personal computer.

 

 

From $1,500 to $30,000 annually; the aggregate program maximum is $130,000

You must have a satisfactory credit history.

Learn about building and maintaining a good credit history

You must meet the credit guidelines of employment and residency.

Undergraduate and Graduate students must be enrolled at least half-time in a degree or certificate program at an approved school.

Less than half-time attendance are considered under the continuing education program.

Home Equity Financing

see Alternative Aid

 

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Private loan program where the lender opens a credit line on your behalf, which credit line is secured by the equity value of your home.

You will use equity line checks or online transfer capabilities to pay for education or other expenses.

The line of credit can be used at any time and for any expense up to your approved credit line balance.

No annual limit restrictions.

Your amount is subject to your approved equity line balance.

You must have equity value in your home.

Calculate your equity value.

You must meet the lenders credit criteria and credit check.

There is no limitation or restrictions on the use of the funds.

Investment
Financing Options

see Alternative Aid

State529 Plans

Qualified investment plans that can be used to pay education expenses. Contributions are after-tax, but earnings in the fund are tax exempt.

Funds are available to any named beneficiary. The beneficiary can be the contributor.

Two types of plans:
(view our State529 Center)
(links to our site at: sayplanning.com)

  1. Prepaid College Tuition Plans
  2. College Savings Plan

Education IRAs

IRA plans that can be setup for education. Contributions are after-tax, but earnings in the fund are tax exempt.

The IRA can be used to pay for higher education and K-12 education expenses.

Limitations subject to the available amount in the plan.

Plan must be setup in the name of the beneficiary.

Withdrawals are tax-exempt if the funds are used to pay for education-related expenses.

Penalties may apply for payment of non-education expenses.

view plans
view plans
(links to: sayplanning.com)

IRA Plans

More information from the IRS:
http://www.irs.gov


You can make withdrawals from your IRAs for qualified higher education expenses without having to pay the 10% penalty tax.

Limitations subject to the available amount in the plan.

You will owe income tax on at the amount withdrawn from the plan.

Scholarships

see scholarship info



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sample report: click

Scholarships are available from many private and educational institutions. This type of financial aid does not have to be paid back.

The more common form of scholarships are athletic and academic. However, there are a number of scholarships awarded for other achievements.

Limits subject to scholarship award and program.

Scholarships may require an essay, written exam, or some demonstration /document of your eligibility.

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Most scholarships (including athletic) will require a minimum GPA.

Scholarship funds will be sent to the college directly on your behalf.

Other Financial Aid
See our Financial Aid Note:
types of financial aid available