College is expensive. Just tuition and books can add up to $108,000 for a four-year degree, according to data from the U.S. Department of Education. With costs like that, there are bound to be gaps between what a student can get in scholarships and grants and what is left to pay every term. Here are some ways you can help pay for college, including some loan options.

Choose a School or Program That’s Right for You.

Do your research. Be sure to explore tuition exchange or reciprocity programs—some states will allow residents to attend a college in a nearby state without having to pay out-of-state tuition rates.

A Coverdell Education Savings Account Can Make a Difference.

Even if you’re just starting to save now, a Coverdell Educational account can help you set money aside for a future college graduate. As long as the student is 18 or under, anyone can make contributions to their education expenses. Yes, there are contribution limits of $2,000 a year per child, but the money grows tax-deferred with tax-free withdrawals. Whether you’re a parent, grandparent, or close family friend, you can help a child pay for college.

Fill out the FAFSA Form.
The Free Application for Federal Student Aid (FAFSA) form is found online and is super easy to fill out. The earlier you fill out the form from the U.S. Department of Education, the more money will be available to you if you qualify. This is a great way to get grants for college and become eligible for federal student loan programs.

Direct Subsidized Loans and Direct Unsubsidized Loans are federally guaranteed and offered by the U.S. Department of Education. These loans allow students to borrow thousands with and without making payments while in college. Additionally, some loans do not accrue interest while the student is in school. Finally, some federal student loans may qualify for forgiveness programs.

It is always worth the time it takes to fill out the form. Too often, assumptions about FAFSA have parents and students leaving potential money on the table. Do any of these sound familiar?

• Assumption #1: It’s Only For Straight “A” Students
  Grades are important, but they’re not considered on the initial FAFSA application. That being stated, some schools do require specific grades (GPA) to maintain federal aid.
• Assumption #2: We Make Too Much Money
  There are no income maximums to qualify for federal student aid. The actual requirements include U.S. citizenship, a valid Social Security number, enrollment or acceptance as a student at an accredited program or institution, and access to your (and your parent’s) federal tax return.
• Assumption #3: If I Don’t Qualify For Grants, It’s Not Worth My Time
  Filling out the FAFSA could make you eligible for federal student loans and work-study programs, which are on-campus, sometimes career-focused jobs that help pay for school. Federal student loans allow you to borrow money for school at a lower interest rate and avoid making payments until you leave school. Additionally, some loans do not accrue interest right away.

It’s time to change your mindset around FAFSA. Fill out the FAFSA form and learn more about your loan options at http://www.studentaid.gov/h/apply-for-aid/fafsa.

Private Student Loans are Available.
Just be aware that many private student loans, without the backing and rules of the U.S. government, may require immediate monthly payments and may not be deferred during times of hardship. Additionally, most private student loan interest begins to accrue the minute you accept the loan.

Scholarships. 
Keep applying to scholarships throughout your years at school. They are not just for high school seniors! Free money is everywhere – and scholarships are available for just about anything. Don’t underestimate the scholarship opportunities available to you.

Get a Side Gig.
There are plenty of ways to earn money on your schedule. Can your hobby become a side hustle? Have a talent for math, languages or other school subject? Consider online tutoring. Do your research to find what will work best for you while providing time for studying and fun.

Important: Don’t Use Variable-rate Credit Cards for Tuition (or books)
It’s important that you only use credit cards for everyday purchases, not tuition. With variable rates and the chance to overspend, you could end up with a monthly payment you cannot afford.

This column provided courtesy of Transportation Federal Credit Union. Looking for a lender that offers private student loans as well as other financing options? Visit Transportation Federal Credit Union at http://www.TransFCU.org/Student today!