If you are wise with college loans, you will be the better for it. It's just a matter of dutifully deciding to work when you are done with college and repay the loans. Many people have successfully repaid their college loans within few years of working, after graduation. You can too if you set it as a goal from the first moment you take the loan.
If you are interested in taking up a low interest loan as an undergraduate, I will suggest you conduct a painstaking search for the best deals. It is important that you investigate on these deals so that you don't choose the wrong one. You should talk to financial advisors; they would be in the best position to direct you on the best type of college loan to take.
Do you know how to take a federal college loan? Before you can be granted a federal college loan, the financial officers have to take some important factors into consideration. These factors include the earning power of your parents and how much they can put in as their own support for your education. These factors will help the government determine how much it can give out as loan to you.
Sometimes most students do not know where to turn when they require information that bothers on how, or where, to reach lending institutions or organizations that offer scholarships. There are various resource persons you can contact in your school. Also, you can talk to people in the financial aid offices and even online. Help is actually available to those who search. You will be surprised how easy it will be to get financial aid for college, if you search.
Do you know that if you want to secure some loans, that there are some factors like the rates of the loan and the fees of the loans. These are what you should watch out for not just brazing up yourself to think of how you hope to make the payments. This is very important because if you secure an affordable rate then you can make repayments without hassles.
Do you know that federal student loans are so cheap and affordable that you can use them to offset almost every of your needs as far as going to college is concerned? You should choose a federal student loan for the fact that it has the lowest interest rates for student like you.
It pays to carryout a little investigation or survey on the various student loans available, so that you can take the type you know can work for you or the type you can manage easily. Doing this will help you beforehand to know the various rates they charge on interests and their various repayment options. It is very crucial you take a sample of some of them and weigh their benefits as it relates to you.
You will agree with me that college student loans have helped a lot of students, especially in the United States of America. Think of the thousand of youths that would have been on the streets if such college loans didn't exist. If you don't have money for college, don't worry about it. Start thinking of getting a college loan to see you through college.
How To Pay For College
Scholarships are a great way to pay for college education. The problem is that scholarships are typically merit-based, which means they are usually reserved for students with 4.0 GPAs or star athletes. Thankfully, there are scholarships that rely on other kinds of distinction. Some of these scholarships might be called "non-traditional"; others are downright strange. Here's a list of ten of the more unusual ones out there.
1. The Patrick Kerr Skateboarding Scholarship. You remember when your mother told you that skateboarding was a waste of time? Well, not anymore. Any high school senior-skateboarder with a 2.5 GPA and serious plans on attending college can apply for one of four scholarships, ranging from $1,000 to $5,000 dollars each.
2. Carnegie Mellon University Bagpipe Scholarship. This scholarship is truly one-of-a-kind - literally. Carnegie Mellon University awards exactly one applicant every year a $7,000 scholarship to study bagpipe. William Wallace would be proud.
3. Chick & Sophie Major Memorial Duck Calling Scholarship. This scholarship needs no explanation. If you know how to call ducks, get yourself down to Stuttgart, Arkansas, to compete for a $1,500 prize for college.
4. The Klingon Language Institute's Kor Memorial Scholarship. Yes, this is a real scholarship based on the popular alien race from Star Trek. The good news is that you don't have to be a Star Trek devotee to be eligible. In fact, you don't even have to speak Klingon. You just need to be an undergraduate or graduate student enrolled in a language or linguistics program at an accredited university.
Incidentally, there are also several Starfleet Academy Scholarships, also of Star-Trek origins, also $500 each. The Starfleet Scholarships are named for popular actors/characters in the television series and include the Dr. Leonard McCoy Medical Scholarship, the Montgomery Scott Engineering Scholarship, the LeVar Burton Educational Scholarship, and the Patrick Stewart Scholarship for the Performing Arts.
5&6. Billy Barty Foundation Scholarship for Dwarfism and the Tall Clubs International Scholarship. Whether you're big - over 6'2" for men, 5'10" for women - or small - 4'10" to be exact, with a medical form of dwarfism - you could be eligible for a $1,000 scholarship. They even have a scholarship for left-handed students at Juanita College. In fact, there's a scholarship for nearly every physical condition - well, almost. I'm still waiting for a scholarship for people who are "big-boned," if you know what I mean...
7. Duct Tape "Stuck at Prom" Scholarship Contest. This scholarship is open to all students who are attending a high school prom. Applicants enter as a couple and attend high school prom wearing complete attire or accessories made from duct tape. The first place prize consists of a $3,000 scholarship for each member of the winning couple and a $3,000 cash prize to the school that hosted the prom.
8. Michigan Llama Association Scholarship. If you're studying veterinary medicine at Michigan State University College, and if you're interested in learning about and working with llamas, you could be eligible for a $500 scholarship sponsored by The Michigan Lama Association.
9. Excellence in Predicting the Future Award. This is not exactly what it sounds like. Any would-be Nostradamus need not apply. Any would-be Alan Greenspan, on the other hand, should. The "Excellence in Predicting the Future Award" is actually a contest for students interested in economics. Participants "buy and sell" future predictions in the manner of buying stocks. A $400 cash gift is awarded every two months by Troy Studios to encourage students to pursue economics or simply to learn more about the world they live in.
And finally...
10. Society of Vacuum Coaters Foundation Scholarship. Before you make any snarky remarks about "sucking-up" this scholarship, be advised that it awards $5,000 annually to one lucky student pursuing vacuum coating technology at an accredited university. I don't know about you, but suddenly vacuums seem much more interesting than Klingons or llamas.
The moral of the story? Basically, it's that there are innumerable scholarships out there for potential college students. So whether you are a Trekkie, an aspiring Tony Hawk, a bagpiper, or even if you like ducks or duct tape, there's a scholarship for you. In short, if you can't find a little extra money for college, then, frankly, you're just not trying.
Both Johnjames & Ben Welch are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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