Higher Education for Your Children - The Essentials

You want to support your child’s higher education goals. Military OneSource stands by your side with information and resources so you can support a child’s education. Military families have options when it comes to financing a child’s college education, including scholarships, Post-9/11 GI Bill® benefits, education grants, loans and college savings programs. Your kids’ goals are as important as your own, and Military OneSource has your back for planning for this milestone.

Make college possible for your child with these four steps:

Apply for military scholarships.

There are numerous scholarships available to children of service members. Each varies depending on eligibility, so check carefully to find the scholarships right for your child’s educational goals, then apply, apply, apply. The wider a net you cast, the greater your chances are to find the right financial partner to help pay for college.

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Start saving now.

You’re already well equipped to start saving for your child’s college education and have the discipline to commit to it. It may seem daunting, but there are plenty of ways to put some money away now that will pay dividends to your child’s college education down the line. 529 Plans can be a good way to save, allowing your savings to grow tax-free.

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Look into loans.

If you’re taking out a loan, be sure to read the fine print. Each college or university will offer a host of financial aid packages, so research each carefully to make sure you’re signing onto the right one. These options also allow you to borrow directly from the government. Create a personal financial aid spreadsheet to compare which loans and aid your student qualifies for. Learn more.

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Apply for grants.

In addition to scholarships, there are plenty of education grants which families don’t have to repay. To begin the grant process, start with FAFSA, the Free Application for Federal Student Aid. Most colleges and universities use this form to determine students’ eligibilities for aid, grants and scholarships.

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