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Tips on How to Pay for Your Education at CTU

Dec 05, 2014   |   Students, Success Tips
Tips on How to Pay for Your Education at CTU

Are you concerned about how to pay for your education? You know that a college degree can be a good investment, but you may be concerned about how you will pay for it. There are many different options available to students, and taking advantage of these resources may mean that a degree from CTU could be more affordable than you think.

Financial Aid
All financial aid starts with the Free Application for Federal Student Aid, often referred to as the FAFSA. You must complete this form if you want to be considered for any type of financial aid. Go to to fill out the FAFSA. You'll need information on income, tax returns, bank statements and other financial documents for yourself and, if you're a dependent, for your parents.

The FAFSA is used by schools to determine if you are eligible for need-based financial aid like Federal grants and loans, and work-study opportunities. Some schools use the FAFSA for awarding merit-based aid as well. If you are active military or a veteran, you and your spouse may qualify for additional benefits. Talk to your Education Service Officer (ESO) before you complete the FAFSA to learn more.

Grants are awards that typically do not need to be paid back. They are based on financial need. There are Federal grants, including the Federal Pell Grant and the Federal Supplemental Education Opportunity Grant, or FSEOG. There may also be state grants available, depending on where you attend school. Students who attend classes in Colorado may be eligible for Colorado Student Grants. There are also grants available from organizations and private parties. You may want to consider looking online at CareerOneStop or FinAid to find private grants and scholarships you can apply for.

Federal work-study is not a grant or a loan, but an opportunity for you to work and earn money while attending classes. Work-study jobs are often on-campus, making them convenient for students. A work-study award can mean that you are guaranteed a job, and the money you earn is expected to help pay for educational costs.

Scholarships may be need-based or merit-based, and may come from public or private sources. Like grants, scholarships are awards and do not need to be paid back. Scholarships are often available for students who are pursuing a certain field of study, who have had certain life experiences, or who live in certain communities. Consult CareerOneStop and FinAid for available scholarships, and ask community and professional organizations for opportunities. CTU offers a number of scholarships. Meet with a member of the admissions team to learn more.

Loans are available to help with college costs, and must be repaid. There are several Federal student loan programs available, including Direct Subsidized Loans, which carry a lower interest rate for those with financial need; Direct Unsubsidized Loans, which do not require that you demonstrate financial need; and Direct PLUS Loans, which can be taken out by students or their parents, if the student is a dependent. Private loans can be obtained through a bank as well. Be sure to compare the terms of any loan you are considering, including the interest rate and repayment schedule.

Employers and the Military
Some employers may reimburse employees for classes that are related to their job function. Depending on your degree program and your employer's policies, you may be able to have your entire degree paid for by your employer. Ask your human resources department for more information. The military offers educational funding through the G.I. Bill, the Wounded Warrior Scholarship Program, the Yellow Ribbon Grant, and more. CTU has a dedicated team to support active and veteran military service members.

By researching and understanding the options available to you to fund your education, you can make your dream of a college degree a reality.

Financial aid is available for those who qualify. Grants and Scholarships are awarded based on established criteria found in the university's catalog.

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