Water Damaged Iphone, White Screen but it still works?

Last night i was hanging out with some friends and i set my phone down near the grass. Sprinklers were on for about 10 minutes before i realized my phone was RIGHT NEXT TO THEM. I grab it and they all say to turn it off immediately. I can see i have new text messages and stuff so i try to turn it off, then my screen goes completely white.
I took it home and put it in a bowl of rice all night. Now the screen is still white, but voice command, music, etc. All works.
I really don't want to buy another phone, can anyone tell me how i could fix this? If not i guess i'll just have to buy a new one but i'd really like to find a solution to this if it is cheap and fixable.

Actually sounds like the LCD is bad on the screen which would need to be replaced. Not very expensive depending on the model of your phone. The iphone 5 can be close to $200 to repair where the 4 and 4s are much less, sometimes as little as $60!
Check your local business listings for repair shops (and there are plenty of them) and get a few quotes so you get the best price!

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