Is it worth it?

An abundance of research concludes that landing a job that pays well and provides generous benefits largely depends on getting an education beyond high school.

Discovering how to pay for college can be difficult and confusing. Many worry about paying too much, being caught in a loophole, or being saddled with a large amount of debt.

The first step in the journey is to realize that college is an investment, and Colby Community College aims to help students from all economic backgrounds get the best return. As a reflection of this effort, the Department of Education listed CCC as one of the top 25 community colleges to advance opportunities for low-income students.

By offering academic programs that place students in high-demand industries, coupled with a knowledgeable financial aid staff, CCC graduates are able to control debt. On average, CCC has one of the lower loan-default rates in the United States. This indicates that students are finding an adequate means of income after leaving Colby and can afford to pay back their student loans. As an example, CCC technical program graduates consistently rank near the top  in earnings among peer graduates of two-year public institutions in Kansas (Kansas Board of Regents).

Once you choose Colby Community College, start applying for scholarships far and wide. Contact our financial aid office, seek out federal aid, and then utilize private student loans to cover the cost of attendance. Use the links below for additional resources.

Your student financial records can be accessed online in your TrojanWeb account. 

RELEVANT LINKS
Tuition & FeesFinancial AidScholarships


Scholarships & Grants

Apply for as many scholarships and grants as possible. The money you receive can be applied directly towards the cost of college and ultimately reduces out-of-pocket expenses and the amount you take out in student loans.

Where do you find scholarships? There are many places to look. 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 as much federal 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.

Many recommend applying for the Stafford Loan first. 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 college funds, 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. If you have questions, visit the financial aid forum at financialaidforum.com to discuss options with students and financial aid experts.

Student Employment

Federal work-study funds originate from federal contributions and college funds.  Jobs are limited and 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

Colby has abundant job opportunities off-campus as well. The local newspaper and the Colby Workforce Center might also be able to help.  The Workforce Center is located at 350 S Range, Suite # 5, Colby, KS 67701-3602.  The phone number is (785) 462-2024 .