Apply for Student Loans
The Interest Rate The interest rate is a small percentage of the amount loaned that a lender charges for borrowing their money. There are two different kinds of interest rates: variable (also called adjustable) and fixed. Often changing over time, variable interest rates are typically centered on a standard market rate, such as the prime […]
Benefits of Internships, Externships, and Work-Study
Internships Students usually complete internships while enrolled in an on-campus college degree program, but some recent college graduates, as well as those looking to change career paths, also pursue internship opportunities. Described as “temporary” work positions, internships provide a unique type of employment as they provide students with hands-on learning experience. Various internship options are […]
Common FAFSA Mistakes
Do Not Procrastinate. To avoid missing deadlines and rushing to get it submitted at the last minute, complete the FAFSA as soon as possible. If you wait to submit the FAFSA until mid-April i.e. income tax time, you might miss important deadlines for state financial aid and assistance from your college. Apply Online. If you submit the FAFSA […]
Financial Aid Myths
Financial aid is a complex issue with a variety of components that come into play. While there is an abundance of great information available, many myths have also emerged, so it is important to understand the facts when it comes to financial aid. Misconceptions about financial aid can easily hurt your financial situation and, in the worst cases, even cheat you out of the funding you deserve. Here are some popular financial aid myths. Knowing about these might save you some money when you enroll in college.
Hidden College Costs
When figuring out how much college is probably going to cost, most people tabulate the costs of tuition, room and board, and books, then convinced that they have a pretty good estimate in mind. What many do not realize, however, is that there are a variety of additional costs of higher education. Even the most prepared students may still come across costs that they did not expect. Read this article and prepare your finances so you are not overwhelmed when you pay for your education. Here are some examples of common hidden college costs: