Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Back
Scroll to top

How to Get Help Paying for College

Personal Finances 3 min read
A college campus sidewalk with building in the background

Ready to talk to an expert?

With the cost of college rising each year, it’s refreshing to hear about the companies and organizations that are stepping up to help pay the way.

Below, we’ve highlighted a couple of options for students, whether you’re able to work your way through or heading straight to college from high school.

FAFSA

The first stop for all students is the Free Application for Federal Student Aid, better known by its acronym FAFSA. Once filled out and submitted to the US Department of Education, this form helps all students—regardless of income—determine eligibility for federal financial aid for college.

It’s also used by a number of universities to award other types of financial support, such as state-specific aid, scholarships, grants, or work-study programs.

A FAFSA is required each year you’re in school, so be mindful of deadlines. For more information, check out the Department of Education’s FAFSA website.

Starbucks

Earlier this year, Starbucks made headlines when they announced their new College Achievement Plan. Available to both part- and full-time employees, the coffee company offers full tuition reimbursement to those looking to earn their bachelor’s degree, all through Arizona State University’s (ASU) online program.

According to the Starbucks College Achievement Plan website, “Partners admitted as a junior or senior, according to ASU’s admission requirements, will earn full tuition reimbursement for each year of coursework they complete toward a bachelor’s degree. Freshmen and sophomores will receive a partial scholarship and need-based financial aid toward the foundational work of completing their degree.”

And notably, the company does not require a commitment from its employees after graduation.

For more companies willing to shell out the cash for college, peruse Business Insider’s convenient list of the 15 Companies That Will Help Pay Your College Tuition.

The University System

Besides the general collegiate atmosphere and oft-touted work/life balance, many universities and colleges offer a tuition assistance program (TAP) to their full-time employees, at all levels, as part of their benefits package.

This can take the form of tuition reimbursement for courses related to your job, or as is the case at Harvard University, Ivy-League classes at a greatly reduced rate, sometimes as low as $40 per class.

Employees who take advantage of the TAP at Harvard attend classes through the highly regarded Harvard University Extension School. There they can learn new skills, earn a bachelor’s or master’s degree, or gain a subject-area certificate—all for the fraction of the price.

If you can score a full-time job on a college campus near you, it’s an incredible bonus you shouldn’t ignore.

The Best Places to Work Lists

Not only will you find great healthcare coverage and a lively culture, but many companies on nationally ranked “Best Places to Work” lists likely earned that recognition by also offering some sort of tuition reimbursement or continuing education fund to their employees.

Both Fortune and Forbes put together a list of top places to work each year, highlighting companies all over the United States. And it’s worthwhile to check with your local business journal to see if they laud a particular company for a good working atmosphere and benefits, or if there’s a business you’re interested in that’s repeatedly highlighted for something good—whether it’s an investment in the local community, increasing growth and employment, or smart business moves or partnerships.

Ready to talk to an expert?

Share:
First Bank’s Good To Know Logo
Sign up for our newsletter and be the first to know about new tips, insights, and products from First Bank.
First Bank may use this email address to contact you about products, services, and promotions.

You may be interested in...

Personal Finance Tips for Beginners Reading personal finance tips is a great way to start thinking about your budget and saving for the future. If you’re just beginning to think about your financial future and retirement, there are a number of things you should consider. Check out these tips and start saving today! Money-Saving Tips from the Experts Not sure where to start? Here are some personal finance tips for beginners: Pay Attention to Interest Rates — Pay off high-interest loans first, so that you’re not paying more than necessary in the long run. Also, open a savings account with the best interest rate, and make your money work for you. Create a Budget — Look at all your monthly expenses and divide them into needs vs. wants. Determine what you can do without, but don’t cut out all of the fun things you enjoy. It’s important to leave yourself some room for a concert or dinner out every now and then. However, you can probably cut out recurring things that aren’t essential and can be quite expensive, such as cable or a gym membership. Set Aside a Reasonable Percentage for Savings — Financial experts recommend allocating 20% of your income towards savings. You can do this by following the famous 50/20/30 rule of budgeting. If you can follow this rule, you’ll be able to build an emergency fund, pay off your consumer debts, and kickstart a retirement savings. Create Financial Goals — When do you want to have your credit card debt paid off? How much will you need to pay per month to reach that goal? Having clear financial goals will keep you motivated and hold you accountable to proactively paying off your debts. This also applies to saving a certain amount each month towards your retirement goal. Always Match Your Company’s Contribution to Your 401k/IRA — If your company is willing to match your contribution, take full advantage of it. You’ll thank yourself when you’re able to retire later in life. Need Help Managing Your Personal Finances? For more information and tips on managing your personal finances, contact an advisor at your local First Bank* branch. Together, we’ll help you reach your financial goals. 2 min read
First Bank Card With a First Bank card, you can feel confident that you are obtaining a bank card that is secure and convenient. Are you one of the 194 million people who already have a debit card? Get the most out of your card today with First Bank. Many Benefits of a First Bank Debit Card When you open a First Bank checking account, you can receive our First Bank MasterCard® personal debit card. It is accepted at millions of locations worldwide and thousands of ATMs across the country, and comes with free online banking, making it easy to view and track your purchases whenever you want. In addition, you get: Credit card access benefits — Enjoy 24-hour access to your account and the ability to manage your account online, download credit statements, and pay your bill online**. Security Benefits — Enjoy security benefits such as: Zero liability: Pay only for authorized purchases. MasterCard SecureCode: Enjoy protection from fraudulent use of your card information online. ID theft alerts: Reduce your risk of identity theft with this service that constantly monitors websites and chatrooms. You’ll be alerted immediately should we detect any evidence of your information being traded or sold online. Convenience Benefits — Enjoy convenience benefits such as: MasterCard Global Service®: This benefit provides you with 24-hour service for lost or stolen cards, account information, emergency cash advances, and more 365 days a year. Mobile Wallet: A quick and easy way to use your First Bank debit card on the go with most smartphones. Shopping Benefits — Enjoy shopping benefits like: Price protection: If you find an item that was recently purchased with your eligible MasterCard® for a lower price, you may be reimbursed for the price difference. Extended warranty: Most manufacturer’s warranties are doubled up to one year when you pay with your eligible MasterCard®. First Bank has over 100 locations in NC and SC so head to a location near you and open an account today. *Loans subject to credit approval. MasterCard, Debit MasterCard and the MasterCard brand marks are trademarks of MasterCard International Incorporated.  **While First Bank does not charge for mobile banking, your mobile carrier’s message and data rates may apply. The First Bank Digital Banking Apps are available for select mobile and tablet devices. There 3 min read