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Your 5-Step Guide to Paying for College Video

Transcript: Your 5-Step Guide to Paying for College Video

Are you looking forward to the college life? Well, here's five steps you need to know to get financially ready.

Your first step is to complete the Free Application for Federal Student Aid, also known as the FAFSA. This helps schools determine the type of federal, state, and institutional aid you may receive.

The next step can provide you with scholarships. This is money that doesn't need to be paid back. Just apply early and often for scholarships, every year that you're in college.

The next step is to understand what each college will cost. A good starting point is the "Net Price Calculator" found on most college websites. This will help you estimate and compare your total college costs based on your personal situation.

Once you've been accepted by a school, you'll get an award letter that outlines your costs and financial aid package.

After reading this, determine if you need more money by taking your total costs and subtracting the financial aid, scholarships, grants, and federal loans in your award letter.

If you need additional money, there are several options available. Explore tuition payment plans, federal student loans, and then private student loans.

Head to to get financially ready and make your college dream a reality.

Full text of the disclosures is available at the end of the transcript below.

Wells Fargo private student loans are subject to credit qualification, completion of a loan application or consumer credit agreement, verification of application information, and, if applicable, a self-certification form, the school’s certification of loan amount, and the student’s enrollment at a Wells Fargo-participating school.

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