Student Debt Relief
Federal Student Aid and the Biden-Harris Administration have announced loan forgiveness plans of up to $20,000 for prior Pell-Grant recipients and up to $10,000 for all other loan borrowers. To be eligible borrower’s annual income must be below $125,000 (individuals) and $250,000 (married couples/head of households). If the U.S. Department of Education doesn’t have your income data – or if you don’t know if the U.S. Department of Education has your income data, the Administration will launch a simple application in the coming weeks.
Borrowers can view their loan balances and check their Pell Grant status by logging into their Federal Student Aid account online at studentaid.gov.
The Federal Student Loan payment pause will be extended one final time and will end on December 31, 2022. Borrowers should begin making plans to restart repayment in January 2023.
Applications for the loan forgiveness are now open.
Please visit studentaid.gov/debt-relief-announcement/ for the most up-to-date information.
If you would like to be notified by the U.S. Department of Education, please sign up at the Department of Education subscription page.
Apply for Financial Aid!
A college education is affordable at Century College. There are many ways to pay for your education, including financial aid (grants and loans), scholarships, student employment, payment plans, and reimbursement. Century College students can earn their degree, or take classes while avoiding student loan debt!
Learn what financial aid you qualify for by filling out the Federal Application Federal Student Aid (FAFSA).
Experience Tremendous Value
As a two-year public community and technical college, Century College receives funding from the State of Minnesota, keeping tuition rates significantly lower than private colleges and universities.
You can complete a two-year career and technical degree at Century College and start your career for less than $11,500 while avoiding student loan debt!
If you complete a two-year transfer degree at Century College and then transfer to a private college or university to complete a bachelor's degree, you could save an average of $74,000.
|Scenario||Year 1||Year 2||Year 3||Year 4||4-Year Tuition|
|A||PSEO High School||PSEO High School||Minnesota State University||Minnesota State University||$16,512|
|B||PSEO High School||Century College||Minnesota State University||Minnesota State University||$22,419|
|C||Century College||Century College||Minnesota State University||Minnesota State University||$28,326|
|D||Minnesota State University||Minnesota State University||Minnesota State University||Minnesota State University||$33,024|
|E||Century College||Century College||University of Minnesota||University of Minnesota||$38,878|
|F||University of Minnesota||University of Minnesota||University of Minnesota||University of Minnesota||$54,128|
|G||Century College||Century College||Private College or University||Private College or University||$82,294|
|H||Private College or University||Private College or University||Private College or University||Private College or University||$140,960|
Make a Great Investment
A college education provides a great return on investment. On average, over a 40-year career, you can earn $250,000 in additional income with an Associate Degree compared to only a high school diploma.
Or save thousands on your education by taking your first two years at Century College, and then transferring to complete a Bachelor's Degree, and that amount can grow to $955,000, on average.