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Pay for College

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Paying for College

You can afford college. Explore ways you can pay for education after high school.

 

COLLEGE COSTS


The cost of college can include tuition and fees, room and board, books and supplies, personal expenses, and transportation. Most colleges also require students to have health insurance.

The cost of college can seem overwhelming; however, most students don't pay full price. Use a Net Price Calculator to get an estimate of what you will actually pay after including some types of financial aid. Consider all of the costs when choosing a college. Compare financial aid awards carefully, and create a monthly budget based on your projected needs.

 

HOW TO PAY FOR COLLEGE


Most students pay for college in a variety of ways. Undocumented and DACA-mented students, adult learners and veterans have special considerations when applying for financial aid and paying for college.

Financial Aid

Financial aid is money to help pay for college. Students receive financial aid based on need (what the family can contribute to college costs) and merit (achievement in academics, sports, or other areas). There are four main types of financial aid: grants, scholarships, work-study and loans.

Grants

Money from the state government, federal government or the college that does not need to be paid back; need-based.

  • Oregon Opportunity Grant: Grants for students planning to go to college in Oregon at least half-time. Given to those with the greatest need first. Apply by completing the FAFSA or ORSAA. More information and FAQ.
  • Oregon Promise: A state grant that helps to cover most tuition costs at any Oregon community college for recent high school and GED® graduates. Apply by completing the Oregon Promise application and the FAFSA or ORSAA. More information and FAQ.

Loans

Money for college that must be paid back; need-based.

Borrow responsibly; accept only what you need. There are a few types of loans:

  • Federal v. Private: In general, loans made by the federal government are better than loans from banks or other private sources since they usually have lower interest rates and more flexible repayment options.
  • Subsidized v. Unsubsidized: Subsidized loans are better because the federal government pays the interest on your loans while you are in school.
  • Student v. Parent: Parent loans should be a last resort.

Work-Study

Part-time jobs, often on campus, to help pay for college costs; need-based.

  • Students are responsible for finding a job that accepts work-study students once they arrive on campus.
  • Students earn at least the federal minimum wage.

Scholarships

Given by colleges or organizations for good grades, community service, athletic ability, or other unique personal qualities; merit- and/or need-based.

  • OSAC Scholarships: One application for over 500 scholarships only for Oregon students.

Savings & Other Resources

College Savings Accounts

It’s never too early or late to start saving money for college. There are many types of college savings accounts including 529 plans that are not taxed. Discuss options with a bank or financial institution.

Other Resources

Students may also use other resources to pay for college including:

  • Earnings from part-time or full-time jobs
  • Other savings
  • Money from parents and family.

Some students may consider an apprenticeship, which helps pay for school and on-the-job training for specific trades, or the Military to help pay for college.

 

APPLYING FOR AID


In order to receive the most financial aid, students should complete forms and applications as soon as possible after they open. Use our checklist to get started.

FAFSA

Free Application for Federal Student Aid
U.S. citizens, permanent residents, and eligible noncitizens complete this form to receive federal, state and institutional aid including grants, scholarships, loans and work-study. More information and FAQ.

Opens: October 1
Due: June 30

Apply

ORSAA

Oregon Student Aid Application
Eligible undocumented and DACA-mented students in Oregon complete this form to receive state aid including the Oregon Opportunity Grant and the Oregon Promise grant. More information and FAQ.

Opens: October 1
Due: June 30

Apply

Additional Forms

Some colleges also require students to complete the CSS Profile or other additional forms in order to receive financial aid. In Oregon, Lewis & Clark College and Reed College require the CSS Profile; check with out-of-state colleges to see if they require it.

CSS Profile opens: October 1
CSS Profile due: varies

Apply

OSAC Scholarship Application

1 application for 500+ scholarships for Oregon students.

Opens: November 1
Due: February 15 (early bird); March 1 (final)

Apply

Oregon Promise Application

For eligible students planning to attend an Oregon community college. More information and FAQ.

Opens: November 1
Due: June 1 for most students

Apply

Other Scholarships

Apply to as many scholarships as possible including regional, national and college-specific scholarships.

Opens: varies
Due: varies

Apply