How to Pay for College
Much Does College Cost?
The first step in paying for college is knowing how much college costs.
Danville Area Community College is a great place to start due to the cost
Paying for College
College can be expensive, but it is an investment in yourself that will
benefit you for years and years. How do you finance college? There are
many methods to pay for college. Listed below are several ways to pay
for college. Many students utilize more than one method to finance their
1. Financial Aid: The first step in applying for financial
aid is to fill out the FAFSA (Free Application for Federal Student Aid).
The FAFSA can be completed the spring of your senior year, after your
parents have filed their income tax forms (this information is required
to complete the FAFSA). The FAFSA is detailed, but the DACC Financial
Aid Office is always willing to help students. You can contact them by
phone at (217) 443-8891, by visiting their office (no appointment needed),
by attending one of their Financial Aid Nights at the local high schools,
or on the web at http://www.dacc.edu/finaid.
In addition to the FAFSA determining your eligibility for federal or state
aid, it is also the first step in applying for a federal student loan,
and/or many scholarship applications require the FAFSA to be completed
2. Student Loans: Federal loans are available to eligible
students. For more information on student loans visit our Financial Aid
3. Apply for Scholarships: The DACC Foundation makes
applying for scholarships easy! With one application (available January
1st of your senior year and due back by Feb. 15th) you can apply for over
70 different scholarships. The scholarships awarded will be applied toward
the next Fall & Spring semesters.
Check out the state-sponsored "scholarship finder tool" at http://www.isac-online.org.
Answer the questionnaire and find out what scholarships you might be eligible
for. You can also send the questionnaire in via mail for a $10.00 fee.
4. Payment Plans: To help you meet your educational expenses,
DACC is pleased to offer the NBS (formerly FACTS) Payment Plan as a convenient option.
NBS is a tuition management plan that provides you with a low cost option
for budgeting tuition and fees. It is not a loan program; therefore, you
have no debt, there are no interest or finance charges assessed and there
is no credit check. The only cost is a $25.00 per semester non-refundable
Go to the E-Cashier website to enroll in the
payment plan or stop by the Admissions Office for an NBS brochure.
5. Third Party Payment: Check to see if your employer
or your parents' employers have a tuition-assistance program. Some employers
reimburse students for successfully completed college courses, especially
when the coursework pertains to the job. If a third party, such as your
employer, will be paying for your tuition, notify DACC by the bill due
date in order to stay enrolled in your classes.