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Home / News & Financial Education / Student Loan Help
Student Loan HelpBy Chris O'Shea on 2/25/2025

Student Loan Help

February is Financial Aid Awareness Month, making it the perfect time to explore ways to help your college-bound student manage their expenses and understand their loans.

Talk It Out

The first thing you should do is sit down and discuss the many different college costs, including the following:

  • Tuition
  • Room and Board
  • Food
  • Books
  • Fees

Paying for college can be a difficult concept for many students to understand, so dealing with discrepancies in costs between schools can be helpful—especially the differences between public and private schools.

Split It Up

Talk about what you are willing to pay or borrow for and what your child is responsible for while getting as granular as possible.

Take Advantage of Financial Support

Higher education is pricey! Thankfully, there are resources that can ease the burden, including:

  • Scholarships: Explore scholarships, such as MVCU’s Scholarship Awards offering over $26,000 in scholarships for 2025. These scholarships can help significantly reduce education costs. Don’t hesitate, the deadline to apply is Feb. 28!

Many high schools offer lists of scholarships that are available for graduating seniors. Check with your child’s school to see the additional scholarships they may be eligible for and start applying ASAP.

  • University Aid: Contact the college financial aid center to ask about available offers. You’d be surprised by how many grants exist! With some research, you’ll likely find options that apply to your student’s specific needs.
  • Loans: Even with scholarships and grants, many students still need loans to cover any remaining costs. MVCU offers student loan solutions to help fill the gap, and federal loans are another option worth considering.

Preparing for college is equally exciting and daunting as you and your child prepare to take on new expenses and responsibilities. Utilizing the resources available to you can help ease the financial burden and allow you to get the most out of the college experience! BrightBridge is here to help.

Learn more and apply for our 2025 Scholarship Awards at https://www.brightbridge.com/scholarship.

Learn More

 

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Category: College Bound



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