Question

When looking to finance higher education, what is the best order to look for funding sources? A. Grants/Scholarships - Federal Student Loans - Private Loans B. Private Loans - Grants/Scholarships - Federal Student Loans C. Federal Student Loans - Grant/Scholarships - Private Loans D. Grants/Scholarships - Private Loans - Federal Student Loans

Answer 1

The answer is "A. Grants/Scholarships - Federal Student Loans - Private Loans".

1.  Grants and scholarships.  Any grants or scholarships which you can acquire are reserves you won't need to reimburse, so they are your first decision in the event that you can get them.  You have to meet the capabilities with the end goal to apply for either grant or concede, so do some investigation into potential outcomes and see what you can discover.  

2.  Federal student loans.  Federal student loans ordinarily offer lower rates and preferable terms over private loans.  On sponsored government advances, you don't need to pay any enthusiasm amid the time you are in school.  

3.  Private loans.  If you round out the Free Application for Federal Student Aid (FAFSA) and you don't meet all requirements for enough assets from federally-supported credit programs, you can look for private advances through banks or other loaning organizations.