- Federal Loans and Grants for College
- Private Loans for College
- Home Equity Line of Credit
- Whole Life Insurance/Universal Life Insurance
- Borrowing from Your Qualified Retirement Plans
Despite all your good intentions, you may not be able to save enough to meet the tuition and room and board bills when your child starts college. In fact, many people do borrow to pay for college.
Call the Federal Student Aid Information Center 1-800-433-3243 and request the free Funding Education Beyond High School: The Guide to Federal Student Aid on government loans and grants for all the details. You can also get a copy from their Web site at www.studentaid.ed.gov. We've consolidated some of that information (see the section Federal Loans and Grants) to make it easy for you to compare the loans.
We recommend that you consult each of these sources and go through the process to determine (1) if you qualify and (2) how much they will lend to you.
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Loans and Grants Based on Need |
Loans Not Based on Need |
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Unsubsidized Stafford Loans |
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Federal Pell Grants |
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Federal Supplemental Educational Opportunity Grant (FSEOG) |
PLUS (Parent Loans For Undergraduate Students) Loans |
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Subsidized Stafford Loans |
Investment and insurance products and services are offered through Osaic Institutions, INC. Member FINRA/SIPC. TMB Financial Solutions is a trade name of The Milford Bank. Osaic and The Milford Bank are not affiliated.
| NOT A DEPOSIT | NOT FDIC INSURED | NOT GUARANTEED BY THE BANK |
| NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | MAY GO DOWN IN VALUE | |
