Funding Your Student’s College Education

For many families, paying for their student(s) college education can feel extremely overwhelming. Tuition prices continue to rise, and the financial aid process can seem confusing and time-sensitive. I would like to assure you that you are not alone, and there are steps you and your student can take to help ensure your family’s college costs are more affordable.

After being accepted into college and deciding where to attend, the first thing you and your student must do is apply for financial aid through the Free Application for Federal Student Aid (FAFSA). FAFSA is the form families complete at the beginning of each academic year to determine eligibility for financial aid. Colleges use it to award federal grants, loans, work-study, and, in some cases, institutional scholarships. Even if you believe your family may not qualify for financial aid, completing the FAFSA is still important. Many schools require it to access merit aid and other funding opportunities. 

Once you’ve applied for financial aid, your next step would be to encourage your student to start applying for scholarships. No matter your student’s year, applying for scholarships is a great way to receive free college funding. NC State offers scholarships through PACK ASSIST, a portal designed to simplify the scholarship search and application process for your student. PACK ASSIST offers an abundance of scholarships that your student can apply for with varying award amounts. Also, don’t overlook local scholarship opportunities. Students often have a competitive advantage in their own communities, where their involvement and reputation are already known. Local organizations such as churches, high schools, civic groups, and community foundations frequently offer scholarships with smaller applicant pools, which can increase your student’s chances of receiving an award.

In addition to scholarships, families may also consider federal work-study programs and student loans as part of a broader financial aid strategy. Through work-study, students are employed part-time, often on campus, to help offset educational expenses. Depending on the university, students may earn an hourly wage or receive funds applied directly toward their tuition and fees. Certain campus leadership positions may also provide additional financial benefits. For example, students who serve as Resident Assistants (RAs) may receive free room and board, along with other compensation, for the duration of their employment.

Finally, it’s important to have open and honest conversations as a family about financial decisions as significant as paying for college. Clear communication and planning can help set realistic expectations and reduce stress throughout the process. While this process may feel overwhelming at first, families who stay organized and proactive often find more opportunities than they expected. Taking the time to understand your options can make a meaningful difference in reducing overall college costs. Please do not hesitate to contact the Office of Scholarships and Financial Aid for assistance. 

Thomas Radford

Parent Ally

GO PACK!