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College Savings Plans
College Savings Plans So you have just carried your newborn into the house for the first time, placed him or her down into the freshly-purchased crib that you just obtained, and watched him or her drift into their first sleep under your roof. Now...
HOW NOT TO KILL YOUR NEW COLLEGE ROOMMATE
Getting to Know You.......... 10:00 p.m.: You've finished your schoolwork for the evening. You neatly stack your books on your desk, fold and put away clothing, shut off the lights, slip into your neatly made bed, and drift off to sleep. 11:30...
Tips For College Students In Choosing a Major and or Minor!
Freshman in the first year of college in general are not sure of the major they want to pursue. So here are some ideals for choosing your major.
Try to pinpoint a major that you would like to pursue in college by the time you are in the ninth...
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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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