Article Surfing Archive

College can be expensive. Just because your degree is completed online does not make it cost any less. Education can be a budget busting proposition so here's what I found can help!

Apply for student loans. Head to your schools* counseling office or to your local bank. Look for low interest and long duration payment plans.

The government offers several loans to students going to school. The cap of the loan is generally set by the school you are attending. These are great low interest long term loans that you should seriously consider. Here's the online info link: http://www.fafsa.ed.gov

All loans must be paid back. However, the terms are very reasonable. The government agencies will determine the type of loan you are offered through several factors, including your income level. Some students are offered subsidized loans, in which the government actually pays the interest of the loan for them. Others are offered unsubsidized loans. Their interest accrues while they are going to school. Generally speaking, government loans are the best type of loan to take out because they are designed to benefit the student and usually offer the most reasonable rates and terms.

There are also grants available. Apply for as many as you can. A grant is a gift of money. You do not need to pay it back. The government offers grants of money to students who fall in the lower brackets of income level. Usually students must maintain a minimum gpa in order to qualify for the grant. The required gpa depends upon how much money a student (or, more often, a student's family) has. The minimum gpa varies, but is generally in the 2.0-3.0 range. Grants do not have to be paid back. Check out some info as the same site for loans: http://www.fafsa.ed.gov

Some students don*t qualify for government loans. Those who are not United States citizens, men who fail to register for the draft, and students enrolling in unapproved schools are not able to receive funding from government agencies. These students have the option of taking out private loans from individual banks. Bank loans require that the student has established sufficient creditor is co-signing with someone who has. These loans generally have a higher interest rate and less negotiable terms.

Make sure you also check out scholarships. A scholarship is an award based on academic performance, talent, or other factors. It may have certain requirements, but you do not need to pay it back. Students can learn about individual scholarships from their schools* counseling office (or web site) or from online scholarship databases.

Apply for everything you can in order to see what you qualify for. There is not a grant or scholarship program you should overlook interms of pursuing financing for your education.