College loans is one great way to pay for a college education. If you really need to borrow money, the problem is usually on the amount which is tied to your year level and school status. Often times they don’t cover the entire cost of attendance.

Now, how to apply for college grants.

• Assemble all necessary documents listed under items you will need.
• Go to : www.pin.ed.gov Apply for your pin # and wait for it to come to you to formally apply.
• Go to: http://www.fafsa.ed.gov/index.html you can also print out the completed application and physically sign it.

Your state government provides applications for college grants. Also be aware that some programs will also require extra forms of documentation, such as academic transcripts, in order to qualify. There are two general types of college grants, the need based grant and the merit based grant.

If a student received his first pell grant on or after July 1, 2008, he is limited to 18 semesters, or their equivalent, of pell grants. One can receive up to two pell grants in one award year if he wish to accelerate his course work.

College loans can be a good option if only you have exhausted free money options, like scholarships and grants.

The typical undergraduate student is eligible for:

• $5,500 Freshman
• $6,500 Sophomore
• $7,500 Senior and 5th year undergraduate students