To be honest, most people are paying for it, either now (out of pocket) or later (by borrowing loans today which they must repay later). At the school for which I work (a costly private school in a high-cost city), there are very, very few students who finance their education completely with grant aid -- even the brilliant, low-income students. Of the people you may have heard of who have received a "free ride," they have most likely taken one of the following approaches:
(1) Attending a school with enough money to have a "we meet full need" policy. Now, not all costly schools have a lot of money to give, but many schools that do have large endowments will promise to meet their student's full need. So if you are qualified enough to be admitted and "poor" enough to show full financial need (as determined by your FAFSA results), you could get a (virtually) free education at these schools. Examples of schools with these "we will meet your full need" policies include Harvard, Yale, Dartmouth, Princeton, Tufts, UPenn, Amherst, Bowdoin, Middlebury, Swarthmore, Williams, and Stanford. Note: many of these schools still consider need-based federal student loans part of this "deal" to meet full need.
(2) Attending a very inexpensive school (like a community college or some state schools). Even when you are a full-need student, there are limits to the amount of federal grant aid that you can receive. However, if your school doesn't cost very much, even a $4,050 Pell Grant can go a long way. Combine that Pell with some SEOG or a few private scholarships and your schooling could reasonably be covered without the assistance of loans or out-of-pocket payments.
By all means, take advantage of as many financing options as you can, but don't let yourself feel like you're missing out on some big college financing secret... there really isn't one. If you've done your work (filed the FAFSA, applied for private scholarships, and looked into institutional financing options), you're doing everything you're supposed to.
2006-06-29 13:56:19
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answer #1
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answered by FinAidGrrl 5
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go to the financial aid office in the college that you want to go to. You need to make under a certian amount of money though. I went a year at kingwood College, and I didn't pay for any of it. Acutally, if you get financial aid, money that you don't use on book and classes and supplies, they send in the mail to you in a check..
nifty, huh?
2006-06-29 11:51:02
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answer #2
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answered by Anonymous
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I work for a company that closed due to displaced workers because of the trade agreement. I get my schooling for free. Some work one centers will pay for your schooling depending on your income. Some companies will pay for schooling to as along as it can benefit them.
2006-06-29 12:05:47
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answer #3
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answered by Anonymous
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my daughter applied for financial, but we made too much money.
she received money for her high GPA,and scholarships. She worked in high school, and this summer is working several jobs.
so, I guess hard work if you aren't dirt poor is the answer.
2006-06-29 11:59:07
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answer #4
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answered by mom of dani 1
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