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College Is Coming...How Do You Pay For It?

ole miss, rich dansereau, oxford, mississippi

The roots of education are bitter, but the fruit is sweet.
-Aristotle

I would venture a guess that Aristotle was not referring to the expense incurred by both parent and student in financing a good college education. With the skyrocketing cost of college education and the elimination of some state sponsored student loan options, the expense of a college education is daunting. It is ironic that the college education, a prerequisite to landing a high paying job, will take much of that income to eliminate the debt caused by it.

The Bill Gates foundation started the Gates Millennium Scholars program in 1998 to help minority students overcome the financial barriers to higher education. This outstanding program seeks to award scholarships to outstanding minority students in all disciplines of undergraduate studies. There are even some scholarship opportunities available at the graduate level for particular fields.

There are numerous other scholarships available to those who are interested and can qualify. If you click on the hyper link above you will be able to get relevant information on a variety of scholarships. There is helpful information on everything from scholarship application strategies to scholarships by major, state, and type. If you have a child, niece, nephew, or grandchild getting ready to head off to college, I would strongly recommend looking into scholarship options and/or financial aid options.

Posted by Rich Dansereau Loan Officer Knoxville TN on 04/04/2008 06:37 PM

Comments (7)

rich dansereau, atlanta, scholarships, scholarship, financial aid, bill gates foundation

7 Comments on College Is Coming...How Do You Pay For It?

I was just looking into scholarships for my daughter this afternoon. A timely post for me, Thank you!

04/04/2008 06:40 PM

by Katharine Carey, Agent Carey- Realtor® (BuyerTours Realty, LLC)

I think that a lot of people need this help. Thank you for your post.

04/04/2008 06:44 PM

by Carlie Pardue (Placer Title Company)

Katharine and Carlie - I hope it is helpful. I have two nieces in college (one a freshman and one a sophomore). Luckily they are both very smart and have several scholarships to help with school. I know they (and their parents) spent a lot of time researching scholarship options.

04/04/2008 06:50 PM

by Rich Dansereau Loan Officer Knoxville TN (Home America Mortgage)

Rich, this looks to be some great information on paying for school. Thanks for sharing.

04/04/2008 09:43 PM

by Danny Thornton (Home America Mortgage, INC.)

Danny - With college becoming progressively more costly, scholarships are even more important!

04/04/2008 10:26 PM

by Rich Dansereau Loan Officer Knoxville TN (Home America Mortgage)

Rich, It looks like Megan's really gonna go through with it and graduate from high school so I'm going through the college paperwork right now. I just put her deposit down this week. Big sigh.....

04/04/2008 11:27 PM

by Debbie Malone, Realtor (R), Lynchburg, Smith Mountain Lake, VA (RE/MAX 1st Olympic)

Debbie - That is awesome! Definitely look into the hyper link above to see what scholarships are out there! There are hundreds of thousands of dollars in unclaimed scholarships each year! A lot of them never get applied for!

04/05/2008 07:53 PM

by Rich Dansereau Loan Officer Knoxville TN (Home America Mortgage)

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