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Tuesday, February 24, 2009
Colleges try to get college students on the grant bandwagon so classes are more affordable- yet surprisingly many college students don't even try to obtain them. A grant can actually help quite a bit in relieving the financial strain on college students all without them having to pay a dime of the money back. It'll take some work, but it's time well spent.
The first person to consult is a counselor at one's college. University counselors are adept in finding need-based scholarships, loans, and of course government grants. A counselor will point a student in the right direction in getting all the required information to apply, and as students find out it's quite a bit at that. Knowing test scores, income, tax information, job information, and sometimes even providing a persuasive essay may be required for some types of grants. Some will be more tough to obtain than others.
As far as government grants go, the Pell grant is the easiest to obtain. This grant in particular is a favorite among grants, since it doesn't have to be repaid like some others. There are certain restrictions, and total value is determined by the information sent to the government. Rules of the grant should be learned, such as the statute that says only one Pell grant is available per student per year, no matter how many colleges are attended.
A FAFSA is the first thing that should be filled out, and as soon as possible. This application will automatically register an applicant for different loans, work studies, and grants. It will require a lot of information in order to complete, however, so be prepared to do a lot of information searching and spend an hour or two filling it out online.
The university in which a student applies for will also be able to help when it comes to financial aid, such as the case in a work study. While doing a government-approved work study, the university employs a student in exchange for a drastic cut in the tuition of the student. This way the university gets free help, and also helps out students in the area who aren't afraid to work for their education.
If you do decide to go for a loan, be sure that you will have the means of paying it back by the time college is said and done. Most loans available to college students will have to be paid on as soon as the student leaves college. If one doesn't obtain a job almost immediately, it'll be tough to pay the bills each month.
Final Thoughts
Education costs are continually rising as their demand increases as well. To keep financially sound, follow the mentioned tips and get to work at filling out as many financial aid applications as possible.
The first person to consult is a counselor at one's college. University counselors are adept in finding need-based scholarships, loans, and of course government grants. A counselor will point a student in the right direction in getting all the required information to apply, and as students find out it's quite a bit at that. Knowing test scores, income, tax information, job information, and sometimes even providing a persuasive essay may be required for some types of grants. Some will be more tough to obtain than others.
As far as government grants go, the Pell grant is the easiest to obtain. This grant in particular is a favorite among grants, since it doesn't have to be repaid like some others. There are certain restrictions, and total value is determined by the information sent to the government. Rules of the grant should be learned, such as the statute that says only one Pell grant is available per student per year, no matter how many colleges are attended.
A FAFSA is the first thing that should be filled out, and as soon as possible. This application will automatically register an applicant for different loans, work studies, and grants. It will require a lot of information in order to complete, however, so be prepared to do a lot of information searching and spend an hour or two filling it out online.
The university in which a student applies for will also be able to help when it comes to financial aid, such as the case in a work study. While doing a government-approved work study, the university employs a student in exchange for a drastic cut in the tuition of the student. This way the university gets free help, and also helps out students in the area who aren't afraid to work for their education.
If you do decide to go for a loan, be sure that you will have the means of paying it back by the time college is said and done. Most loans available to college students will have to be paid on as soon as the student leaves college. If one doesn't obtain a job almost immediately, it'll be tough to pay the bills each month.
Final Thoughts
Education costs are continually rising as their demand increases as well. To keep financially sound, follow the mentioned tips and get to work at filling out as many financial aid applications as possible.
posted by Credit Counseling at
11:59 PM
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