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A COLLEGE LOAN MAY BE UNNECESSARY IF YOU GET SCHOLARSHIPS OR GOVERNMENT GRANTS
A college loan is often necessary in order to pay for higher education. There are also scholarships and federal government grants that students can get financial aid from. This kind of aid can help keep your college loans from becoming too high...
Choosing A College Major
Once you are accepted into a college and begin taking classes, the next step is to decide on a major. Most college graduates change their major several times before they finally pick one and stick to it, so it is important not to get discouraged if...
College Debt – how to avoid it, and how to get out of it
College Debt – how to avoid it, and how to get out of it Because most college students are using loans to finance their college education, the debt level of recent graduates is rising rapidly. On average, students graduate owing $12,000-$16,000...
College Tuition Prepayment Plans Stumble
Perhaps the most heartbreaking casualties of recent stock market performance are the 20 state-sponsored college tuition pre-payment plans throughout the country. With college costs continuing to grow at a pace of about 9% per year and investment...
New Website for College Students to Exchange Textbooks and More on Campus
Why pay $100 for a textbook when you can get it for a much lower cost? Why should your campus bookstore rip you off? Ever walk around campus and see a lot of fliers for used textbooks trying not to be sold back at the campus bookstore?
A new...
Open New Doors With A College Education
More data and research shows that a college education not only increases a graduate's earning power but also open new doors and opportunities that would not exist before they completed their degree.
But first the important stuff, the money. On...
Tips On College Selection
It is highly recommended that early in the college selection process, parents and student(s) visit some schools to determine if they’ll be suitable. The criteria that must be considered before any college is applied to include: •Average GPA, SAT I,...
What Are the Benefits Of Going To A Natural Health College?
A natural health college is a place that offers you an education
in alternative medicine. The courses offered are should be both
recognized and professional.
At a natural health college, you will get the information on
different methods of...
What To Pack For College: Part One
The excitement of college can be overwhelming, but there is also work to be done. If you’re headed to a college far away from home, knowing what to pack for college will give you a sense of peace as you put miles between you and your parents. So...
Writing A Successful College Application Essay
With the intense competition for entry into America's top schools, the college application essay is more important than ever. Although most students dread this assignment, it is the best way to distinguish yourself from other candidates, let the...
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Financing A College Education
So your teenager has decided to go to college. You've hoped for this day. You sweated through 12 years of school with your child, and have been an active participant in his/her education. You've been saving for this day for years, but with all the other "incidentals" of daily life, car expenses, medical bills, that new roof, the money you had hoped you'd have is not there. What you have is not quite enough for that four year private college he/she is interested in attending, and you don't want a home equity loan. What to do?
Today there are many federal and private loans available to help parents and students pay for college expenses. There are also billions of dollars in scholarship aid and grants available, you just need to know where to look. Some of these monies come directly from federal and state governments, others are from private sources. Generally, scholarships and grants, which do not have to be repaid, and are based on the student's ethnicity, financial need, intended major, and GPA and SAT scores.
The first course of action would be to try to obtain a college scholarship or grant. There is grant money available through the federal government Pell Grant. To apply for this grant, the student must complete a FAFSA, or Free Application for
Federal Student Aid. The amount a student receives is based on the actual school cost and the amount the family will pay. The student could also check with his or her high school guidance counselor. The guidance counselor will know what scholarships are available if the student will be attending a college in the local area. Check with local community organizations and local businesses for possible scholarship availability. Another place to search for scholarship money is the college that you are interested in attending. Most colleges have what are called institutional awards. You can check the college website or catalog for these.
There are loan programs available to the parents, or to the student, at generally low interest rates. One federally funded loan program for parents is called PLUS Loans. Under this low interest loan program, parents can borrow up to 100% of college costs and the interest may be tax deductible. There is no collateral necessary and no pre payment penalty. The Federal Stafford Loan is a low interest loan made to the student. This is a deferred loan, meaning that loan payments may not start until the student graduates.
About the Author
Article courtesy of http://www.degrees-online.net
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