Pay for College
Figuring out how to pay for college can be difficult and confusing. Many worry about paying too much, being caught in a loophole or a large amount of debt — making the investment stressful.
Once you have chosen Colby Community College, start applying to scholarships far and wide, and saving money. Seek out federal financial aid, and then utilize private student loans to cover the cost of attendance. We have broken down these options below — click the links for additional resources.
Your student financial records are available online 24/7 for your immediate access and review.
|Tuition & Fees||Financial Aid||Scholarships|
Scholarships & Grants
Apply for as many scholarships and grants as possible! The money you receive will go directly towards the cost of college, and you do not have to pay it back which reduces the amount you take out in student loans and pay out of pocket.
Where do you find scholarships? There are many places to look for scholarships. You can visit your guidance office to find local scholarships, or search online.
Federal Student Loans
The next step in paying for college is securing the most federal financial aid as possible, in the form of federal student loans. Federal loans are the most abundant type of student loans, and usually have the best benefits and the lowest interest rates.
The Stafford Loan is the first federal student loan that you should apply for. The undergraduate Stafford loans have an interest rates as low as 4.5%, no application fee, and no payments until six months after you graduate. In order to be approved for this loan, you must file a FAFSA, a Free Application for Federal Student Aid. Find out more about filing a FAFSA on FAFSAonline.com. Another federal student loan option to consider is the PLUS loan. This loan is taken out under the parent or guardian's name, and has many great benefits allowing a parent to borrow the entire cost of education at a low-interest rate.
Private Student Loans (Not currently available at CCC)
If scholarships and federal financial aid fall short of providing the funds you need for college, the next step is obtaining a private student loan. Private student loans allow you to borrow from $500 up to the cost of education, no repayment until after graduation, and you do not need to complete the FAFSA. Some lenders will only offer private student loans for certain schools, and the provisions of each loan may vary.
You can find and compare lenders on PrivateStudentLoans.com. To better inform yourself about the amount you will have to repay after school check out the student loan calculator. This will calculate monthly loan payments for a given loan amount and rate. If you have questions, visit the financial aid forum at financialaidforum.com to discuss options with students and financial aid experts.
Federal work-study funds are derived from Federal contributions and college funds. They are limited and many more students have eligibility than can be paid a reasonable amount or placed in work positions. Students must have financial need as measured by the FAFSA and Federal Methodology. Procedures for award and employment can be found here.
Colby has abundant job opportunities off campus as well. Our local newspaper and the Colby Workforce Center might be able to help. The Workforce Center is located at 1130 S Country Club Dr # 2, Colby, KS 67701-3602. The phone number is 785.462.6862.