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Nearly as many respondents 49% indicated they havehalf or lessof the funds they need.
A mere 2% of students said theyre fully covered.
College students have a few options when it comes to funding their academic costs.
This includesfederal or state grants, in-house scholarships, federal loans and federal work study programs.
But there are ways to get extra cash, too.
You also wont have to worry aboutlengthy applications or credit score requirementsto get a loan.
If you do ask for money, be very clear about your terms.
Tell your relative exactly how much you need $5,000, in this case and what its for.
double-check everyone is on the same page about repayment, too.
For example, a student may spend 10 hours applying to scholarships and win only one $250 scholarship.
If you havent been applying for scholarships from your school, see to it you do that, too.
When youre looking at spending tens of thousands on academic costs or more every little bit helps.
If you get a job, Wang said to watch out for the FAFSA limit.
Be aware of your schools financial aid policy on outside scholarships, too.
Some colleges will reduce their own scholarship money while others may reduce loans or awork study requirement.
Know the policies so youre not hurting yourself by applying for outside scholarships.
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