You can fund a four-year college degree by either of the following:
1. Loans Loans can be acquired through federal aid or private means. They must be paid back with interest when the student has graduated. They are guaranteed by the federal government.
2. Scholarships Scholarships depends on criterias from who will sponsor it. These criterias may include financial need, merits, field of study, etc. There are those who can help students look for a scholarship that fit them like counselors, the government or its agency, community organizations, etc.
3. Work-study programs They operate with the financial aid office of the school. However, they require the student's determination and financial needs.
I would apply for several scholarships and grants so that I could avoid getting too many loans. Working a part-time job in a work-study program will help me save some money toward my expenses. I could also take out a limited number of loans to responsibly cover the rest of my expenses.
an Adjustable-rate Loan (sometimes called an ARM).
A variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a home mortgage with the rate of interest on the bond changed regularly depending on a measure that represents the financing expense to the applicant on the financial markets.
The loan can be given at the regular variable rate / base rate of the lender. There may be a direct and legally defined link to the underlying index, but where the lender does not provide any specific link to the underlying market or index the rate may be changed at the discretion of the lender.