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9 fabulous financial aid offers for college

Student Loans » 9 Fabulous Financial Aid Offers For College

DC Tuition Assistance Grant
DC Tuition Assistance Grant

DC Tuition Assistance Grant

The deal: Up to $10,000 for out-of-state tuition costs.

The problem with living in the District of Columbia is that students who don't attend one of the few colleges within the district's borders may have to pay out-of-state tuition. Enter DC Tuition Assistance Grant, or DC TAG. Designed to ease the financial pain, the program provides up to $10,000 per year for Washington, D.C., residents attending out-of-state public colleges. In addition, $2,500 per year is available for students attending two-year schools, historically black institutions and private colleges in the D.C. metro area. To qualify, applicants must be first-time college students, under age 24 and living in the D.C. area for at least a year.

Out-of-state tuition can easily jack up tuition prices by 50 percent to 75 percent, but there are a few ways to eliminate those fees. Many schools located near state borders extend out-of-state waivers to students from nearby towns. Some states also maintain lax residency requirements that allow students to apply for in-state tuition after living in that area for a year or less. A full list of each state's residency requirements is available at CollegeBoard.com.

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