There are almost as many ways to pay for your education as there are programs to study. At Fifth Third, we help thousands of students and families determine the best financial aid package to cover school costs, which may include a combination of grants, scholarships, federal student loans, and private student loans.
Knowing and understanding how to borrow wisely can help keep paying for college as easy as A-B-C.
Overview of How Fifth Third Can Help You Pay for School
|Aid Type||Quick Definition|
|Grants & Scholarships||Grants and scholarships are known as "free money" or "gift aid." You don’t have to pay the money back. This money is available from a variety of sources: the government, private organizations, and schools. Submit the FAFSA to get started.|
|Federal Stafford Loans||After applying for free money, get low-cost government-backed loans for students enrolled in a qualified program at least half time.|
|Parent PLUS Loans||The PLUS loan is a federal student loan for parents who want to borrow the balance of their dependent child’s education expenses minus any financial aid their child receives.|
|Graduate Plus Loans||Graduate students can apply for these federal education loans for students attending graduate school.|
|Private Student Loans||After you’ve pursued free and federal money, private student loans can help cover the cost of your college costs.|
Federal and School Financial Aid from Your College
Your college may be able to offer you student loans, grant, and work-study options to help pay for school. Ask your advisor about your school’s financial aid packages.
Cosigning a Loan
Fifth Third’s private student loans reward our more creditworthy customers with better interest rates and lower fees. Find out more important things to know when considering a cosigner.
Source:Fifth Third Bank