College Costs: One Year To Go

If you've got only one year before your teen enters college, your best bet is to borrow money and consider these financial aid options:

• Loans

Loans have to be repaid, usually with interest. There are many different types of student loans with varying interest rates and repayment terms.

• Work Study

With work study programs, students can earn money by working part time at the college they attend.

• Grants

Grants are a type of financial aid that does not have to be repaid. Often referred as gift aid, this type of financial aid is usually awarded on the basis of financial need.

• Scholarships

Scholarships are usually based on specified requirements, such as academic accomplishments, cumulative grade-point average or participation in special activity.

Securities offered through Farmers Financial Solutions, LLC,
30801 Agoura Rd. Bldg. 1, Agoura Hills, CA 91301, 818 584-0200

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