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Financial Aide For College – What Are Your Options

April 29, 2012

Financial Aide For College

Financial Aide For College

There are a small number who are fortunate enough to have their education paid for via scholarships or help from their family, but most all students have had to obtain financial aide for college through more traditional methods in order to fund their college degree. Being that you are looking for financial aide for college it means that you are interested enough in considering the descision to go to college, which getting your degree can help you immensely in so many ways. But if you do not have the money to pay for college outright, don’t let that deter you from attaining your degree, as there are so many ways that you can go about getting financial aide for college, which below we discuss in great length about the methods that you can use for yourself.

Methods For Getting Financial Aid For College

First things first, and that is filling out a FAFSA, which most like you have heard of which it stands for Free Application For Federal Student Aid. This can provide you with financial aide for school in two forms, those being grants like through the Pell Grand and the Supplemental Opportunity Grant as these are two great grant programs, where you can get thousands of dollars a year from to use towards funding your college education, which the money is free, you never pay it back. The other form of financial aide for college that comes from filling out your FAFSA is federal loans, which the 3 main loans programs offered are the Perkins Loans and Stafford Loans which both have options where your credit score doesn’t dictate eligibility only your financial need, as well as PLUS Loans which are specially for parents who want to take out a grant to fund their childrens schooling. You will need to fill out the FAFSA every year that you are in school and are looking to receive financial aid for college through it.

Personal Grants & Scholarships

Another great way to get financial aide for college is to apply to programs, both private and federal, that offer grants for things like what race you are, your religion, age group, talents, marital status, sports you played in the past and more. Also depending on what profession you are looking to go into, there can be grants for that area of study along with programs that offer to give you financial aide for college that can fund your entire education after you make an agreement with them that you will provide your service in specific areas that need teacher in what you are studying.

Through Your School

Schools offer studetns financial aide packages that can provide funding for education, which you can use for your college. Now often times this can provide you with money to pay for most your education but not all of it, which you can actually negotiate with your college and ask them to provide you with more funding. Getting financial aid for college directly from the school you are going to can provide you with great repayment terms as well as low interest rates.

School Location

If you are unsure about which college you ultimately want to attend, consider going to a lesser known college in more of an obscure location that some of the most popular areas. Doing this can help you get lower tuition as well as more options for financial aide for college through the school itself as often times these schools will provide excellent financial aide to attract students to attend their school.

Federal Work Study Program

Now you can also attain financial aide for college by using working a job that is provided to you through the Federal Work Study Program which is actually done by going through your school as most all colleges throughout the US provide the FWSP which they provide students with jobs that have to do with either the profession that they want to enter or a related profession. The money that is earned by the student on the job goes to paying their tution bills.

Private Lending

Now the last option that you will want to consider is private lending which you can get through private providers like banks, financial institutes and better yet credit unions. Now private lending gets a bad name due to the fact that it comes with lareger interest rates and less time provided to pay offer your debt, but it can be used when you are out of resources, which credit unions should be your first place to start when looking for private lending.

If you have came to this page and are still in high school, the best way to get financial aide for college is obviously striving to get the best grades as well as partaking in extra curricular activities as you can get grants and scholarhips based off of both of these categories.

School Grants For Single Mothers – 6 Different Ways You Can Get Grants

April 22, 2012

School Grants For Single Mothers

 

School Grants For Single MothersMany single mothers are headed back to school to obtain the education they need to be able to fill a good job that will provide them with the financial means needed to be able to afford raising their children. Due to this fact, there are many programs out there that are offering school grants for single mothers, actually more than ever now. Even the school grant programs that aren’t specially for single mothers can still provide single mothers with a great chance of getting funding from them as being a single mom is considered to be at a disadvantage which is can make the difference between getting a grant and not getting it. Below are a few different avenues that you can take that can allow you to apply for some great programs and potentially get school grants that you can use to pay for your tuition

  1. Seeking grant money directly from the colleges that you are attending or looking to attend for your schooling is a great method that is advised that you use first due to the fact that this is the fastest way to getting money as well as even more information on school grants for single mothers programs that you can apply to.
  2. A single mother can benefit immensely as far as school loans go by filling out a Free Application for Federal Student Aid becuase you can be entitled to getting up to over $5000 per year that you can use to pay for your schooling and other things you need to buy that are related to you schooling. You need to fill this federal application out every year that you are attending your college, and the application itself allows is applicants to be able to fill it out and submit it on the 1st of January of the year in which you are looking to use the money that you may be eligible for. The main grant program that is available through the FAFSA is the Pell Grant which the Pell Grant is actually known as one Obama Moms Returning to School grants, equating to a very high chance that you will be eligible for some amount of money. The other main grant program that you can qualify for by filling the FAFSA out is the Federal Supplemental Education Opportunity Grant where you can get up to $4000 per year to use towards your schooling.
  3. Another great way to find scholarships for single mothers is to search on the internet for grant programs that are applicable to what you are going through or even personal attributes that apply to yourself. Like for example you can look for grants for single moms that are wanting to go back to school, your ethnicity, or grants for single moms that have children as well as grants for single mothers that are studying what you want to get a degree in.
  4. The Sunshine Lady Foundation is another grant program offering school grants for single mothers who both are at an extreme financial need but want to pursue education as well as those who have been or are in abusive relationships. If one fits either category, they can qualify for thousands of dollars to use towards their schooling. This program was founded by a lady named Doris Buffet who was a single mother and knows how difficult it can be.
  5. The non-profit Jeannette Rankin Foundation is another fantastic program that offers grants for single mothers for college which each person that qualifies for the grant will receive a minimum of $2000 to use towards their education.
  6. There is also an incredible federal source for grants that can include college grants for single mothers as well as grants for most all other single mother edeavours, which you can check out all that is at your avail by becoming a member of the site called grants.gov which is home of connecting you with over 900 different grant programs.

Also, not exactly a school grants for single mothers program, but a benefit of being a single mom and going back to school is the fact that The American Opportunity Tax Credit Programs states that your first $4000 that goes towards your higher education is free.

Where You Can Find Scholarships For Nursing Students

April 15, 2012

Scholarships For Nursing Students

Scholarships For Nursing Students

Pursuing a career in nursing can benefit you in more ways than on, some of those being that you will be working a gratifying and rewarding career as well as being going to school to work in a profession that has so many great grant programs out there as a way to attract people to go to school to be a nurse to fill the many vacant nursing positions out there. The US Department of Health and Human Services themselves have created grants programs specifically for nursing students to help aid in the shortage. There are various ways that you can obtain scholarships for nursing students both federal and private that are discussed below, that will give you a helping hand in paying to your degree.

Nursing Scholarship Program

The Nursing Scholarship Program which is highly regarded as one of the best options for nursing students looking for funding for their schooling, as well as the most widely known program. Through this great program offers scholarships for nursing students that can pay for most of all of your schooling, which in return you must agree to work as a full time nursine in a certain amount of time in an area that is experiencing a shortage of nursing. This nursing scholarships program also can include assistance when it comes to living expenses, as they know that this is one of the most expenses parts of college as well. It should be known that a lot of the nursing grant programs are similiar to this one as they require you to make a working commitment in order to enjoy the benefits of the program.  \

American Association of Colleges for Nursing (AACN)

Not only can you learn about information on programs that are offering grants for nursing students through this program all throughout the year, you can also visit their site and obtain other valuable information like what is its like being a nurse or how to become a nursing, and other valuable career information.

Pell Grant

Now the Pell Grant isn’t a grant program specifically nursing students but you can get scholarships for nursing school by applying to it, as it is the largest federal grant program that offers a maximum total of up to $5560 each year that you are in school. Most all applicants qualify for some amount of money so it is highly advised that you apply for the Pell Grant which the only way you can do so is by filling out and submitting the Free Application for Federal Student Aid (FAFSA).

Federal Work Study Program

The Federal Work Study Program is widely known around the US as it is offered by thousands of colleges throughout the nation. Like the Pell Grant it doesn’t specifically offer grants for nursing students but it offers you the chance to work a nursing related job while you are in school, which all the money that you make from your job hours will be used by your school to pay of tution debt.

It should be known that you can use your own personal attributes to attain scholarships for nursing students as well, which you can apply for grants that have to do with how old you are, if you are going back to college or going for a second dgree, what ethnic race you are and more. Also if you are looking to study a certain specialty, you can also looking for programs offering scholarships for nursing students who are studying to enter into your choosen specialty, as there are many nursing specialty specific scholarships

 

How To Get Scholarships and Grants For Graduate School

April 8, 2012

Grants For Graduate School

Grants For Graduate School

Getting grants for graduate school can ease the pit in your stomach when it comes to the subject of tution cost, as they can slash the amount you need to pay by a percentage, and every little bit helps. With the amount of adults either entering into a graduate degree program or those going back to school to attain their graduated degree to make themselves more competitive in the job market, there are more and more scholarship and grant programs for graduate students sprouting up. These funds are either distributed to you in the form of a check or directly deposited to your account or school that you are going to be attending, which you can use the money to pay for your tuiton as well as the possiblity of using it for other aspects like; housing, books, a computer and other school related expenses.

Now when it comes to the source of these graduate school grants, they mostly come from sources such as universities as well as a myraid of private organizations that are trying to attract a spefic demographic of students studying certain subjects, drawing them to their grant program with the intent that they will go into the certain feild. But there are so many other methods that you can use to obtain grant money for graduate school, some of which include:

  1. So one of the main ways to get grants for graduate school that apply to your feild is simply be searching for grants for graduate students that are specified for the particular feild you are going to be studying. So in other words these grants are specialized to a host of studies, like for example science and engineering are some of the top feilds that graduate degree grants can be found for.
  2. Now when you set out on your application process for grants for graduate school, be sure to look for grants that apply to you and what encompasses aspects that you possess. Things like being a minority, a single parent, a parent with children going back to school, state specific, and even repayment programs who can offer to pay for part or all of your training in exchange for you, for example working in an area where there is a shortage of individuals with your credentials but direly needed. Even things like being an orphan or raised in foster care can result in grants for grad school, so think of anything that makes you special and then search for grant programs to apply to that.
  3. If you happen to hold a job in the feild in which you want to further your educatoin in, don’t be afraid to ask your employer if they would consider helping you pay for your education, as they know that attained a graduate degree will make you a much more valuable asset to their company.
  4. Grants for graduate school can also can be attained by those who  are going to be pursing a line of research, which you can apply to a variety of organizations who are interested in working with individuals who possess knowledge in the area of research.
  5. Last, it is a must that you fill out a Free Application for Federal Student Aid (FAFSA) or continue doing so if you have were using it for your undergraduate studies. You can fill the application out as soon as January 1st were you can be eligible for thousands or dollars in grants for graduate school, which you can get money from the FAFSA for ever year of your graduate studies.

You can also consider things like attending a less popular school as it can provide you with a better opportunity to attain fellowships for graduate school and of course checking with your school by talking to a financial advisor who can give you information about local and national grant sources.

Grants For College – How To Get Them & The Best Programs

April 1, 2012

Grants For College

Grants For College

When it all comes down to it, you obviously want to be in as little debt as possible at the conclusion of your schooling, which applying and attaining grant money should be your first priority as this is money you can use for college and never worry about owing anything on it. Even if you feel that you aren’t going to be eligible for grants for college you should apply anyway as studies show that a large percentage of individuals who didn’t apply for grants due to the fact that they believed that they wouldn’t get any money were actually eligible for some money. Below are different programs and tips that can help you secure grants for college that will help you get the money you need for schooling without having to borrow or limiting the amount you have to borrow.

Ways You Can Get Grants For College

FAFSA

The first step that you want to take on your pursuit for grants for college is to fill out a Free Application for Federal Student Aid (FAFSA) as this is the holy grail of getting federal student aid, one of the programs being the Pell Grant which offers eligible applicants up to $5660 per year that they can use to pay for their tution and other school related fees and expenses. There is also a great smaller grant program called the Federal Supplemental Educational Opportunity Grant which offers eligible applicants grant money for college tuition. Not only can you get grants for college by filling out the FAFSA you will also be applying for federal student loans which offer your lower interest rates than private student loans as well both the Perkins and Stafford loans do not based your eligibility off your credit score only your financial need. This college grants resource should be used as soon as January 1st of the specific year that you are going to need federal financial aid, which students must fill the FAFSA out each year they want to receive assistance from the financial aid programs that are offered through the FAFSA.

The FAFSA will demand information from you, both personal information and information about your parents related to how much financial aid you will be receiving from them or any other sources if any at all, which it is basically information needed for the government to determine how much money you will be eligible for.

Academic Competitiveness Grant

This federal grant program offers grants for school to both freshmen and sophmores who have proven to have excelled academically, as well as possess great leadership skills and community services abilities.

The SMART Grant

This grant is offers grants for college that are specifically for juniors and seniors and is another one of the big federal grant programs. This programs is also study specific which it offers grants of up t0 $4000 to students who are studying the following:

  • Computer Science
  • Mathematics
  • Engineering
  • Science

Personal Grants

There are so many great school grant programs out there that base their main eligiblity requirements off of things like:

  • Ethnicity
  • Marital Status ex. Single Parent Grants
  • Age ex. Adult or Teen
  • Income
  • Going Back To School Grants
  • Grants For Specific Studies

This is just a small example of the types of college grants out there being offered for personal situations that you can take advantage of, which may not offer as much money as some of the bigger programs that offer grants for college, or they may, but even if they don’t it is still free money that you never have to pay back so you might as well apply for as many as you can.

Employers

Another method that you can utilize when searching for scholarships for college is to ask your employer if they offer any employee grants for school or if they would consider doing so, which you can offer to stay with the company for a certain amount of time in exchange or agree to working other hours and/or even agreeing to hit certain numbers.

From The Source

Don’t forget to visit your colleges or future colleges main office and ask them if the school offers any grant or scholarship programs that you can apply for as many schools have their own programs that they offer to their students.

 

If use up all money that you got from grants for college, remember that you can work in the Federal Work Study Program that is offered by most all colleges throughout the USA which your school will find work for you that is usually employment in the profession that you are looking to go into, which all the money you earn goes to paying for your tuition, which can leave you debt free at the end of your schooling. If you are still in high school be sure to apply as soon as you are aloud to, and keep track of requirements as well as due dates so you can meet them and be ahead of the game come time for you to go to college.

 

How To Get Free Grants For College

February 11, 2012

Free Grants For College

Free Grants For College

If you are looking for free grants for college to help you pay for your education, ones that don’t ever have to be paid back, then the first place you want to start is filling out a Free Application For Federal Student Aid (FAFSA). Filling out a FAFSA, which can be done as soon as the first of January for that years federal student aid opportunity, will open up the possibility of you qualifying for a host of different federal grant programs, which are only applicable to you if you fill out the FAFSA. One of the major grant free grants for college programs offered through this application which you may be familiar with is the Pell Grant, which if one qualifies for it they have the opportunity to get up to $5660 in free colege grant money which can be used not only for tution fees but also on other aspects of college like books, materials, transportation, living expenses and even a laptop. This is just one of the grant programs, which the FAFSA will also allow you to find out if you are eligible for federal student loans like the Stafford, Perkins and PLUS loans which offer much better intrest rates and repayment options compared to private loans. It should be known that you need to fill out a FAFSA every single year you are in college and are looking for federal assistance.

It should be known that even though you may not think you can qualify for free grant for college or any other federal student aid for that matter, chances are you can receive some sort of assistance as statistics show that almost every single student is eligible for federal assistance for college. So filling out a FAFSA is the first place to start and can yeild free grants for college, money that you would never have enjoyed if you didn’t filling it out.

Other Options For Free Grants For College

There are other roads that you can explore that can result in offering your free grant for college, which some consist of:

  1. Inquiring about free grant for college can be done through your college or futre colleges front office, which you can make an appointment with a counseler who can give you informaton about grant offered through the college as well as outside sources that they can point you to.
  2. If you happen to be working while going to college, often times employers offer grant for college which can result in agreeing to stay a certain length of time at the jobs, in the form or bonuses ad more. This can also be a great option for those looking to advance in their career and looking to do it at the workplace that they are at now, as you can propose that you will become a much more valuable resource to the workplace with a degree.
  3. The other way of doing things when it comes to obtaining free grant for college is to search for grant that are offered for specific situations and degrees. For example if you are a single mom, search for grant for single mothers, or if you are looking to become a nurse then you can search for free college grants for nursing school, your ethnicity, etc.

Free Grant For College Alternatives

If the free grant for college that you qualified for don’t quite cover what you need to pay tuition, keep in mind that there are other alternatives that you can use that can help pay your tuition, leaving you with less or no debt when you get out of college. A great alternative to consider is:

  • The Federal Work Study Program – Over 3000 schools are part of the Federal Work Study Program which is a program that provides students with work through their college, in which the work is most always related to the profession they wish to go into. This free grant for college alternative will not only allow you to pay off tuition debt as they money you make goes towards paying your tuiton, but it will also givbe you valuable hands on experience in the profession you want to go into, which is often demanded by employees as well as looks great on entry level applications.

 

 

Student Loans For Living Expenses – Overview & Lenders

January 22, 2012

Student Loans For Living Expenses

Student Loans For Living Expenses

Attaining student loans for living expenses can really come in handy when your other loans have provided enough money to pay for you tution, but nothing for the cost of living. What it should be known is the most all grant and loan programs allow the eligible applicant to use the scholarly funds for things other than the tution costs, which include living expenses as well as things like computers and traveling fees like on the bus, grocery bills, etc. Being that student loans cover living expenses, one should be very methodical in the way they go about using their student loan money to cover their living costs, because as you image, the debt can start adding up pretty fast when your using loans to pay for both living as well as tuition. So without saying, filling out your Free Application for Federal Student Aid (FAFSA) each year is a must as this can provide you with federal grant money, which never has to be repaid which then you can use to drop on what you need to live and use the loans that you have to pay back, whether they be federal or private, on the cost of tuition. This way you will minimize the debt total as much as possible so you will end up having to pay back less when your schooling has come to a conclusion.

Finding Student Loans For Living Expenses

The first thing to do to keep in mind when searcing for student loans for living expenses it to make sure you find a lender that doesn’t transfer your student loan funds directy to your school, as this will put your school in control of your funds which usually are only able to be used on semester/quarter tuition. The first step would be to go after federal loans like said above through the FAFSA which you will want to find a program that offers to cover the “Cost of Attendance” but includes living expenses. This should be your first step as federal loans just flat out come with better terms and lower interest rates, meaning you will pay less in interest and more to the lump sum of your debt when you are done with school. If you have exausted the federal resource, ands still need student loans for the cost of living, then you can make a visit to your personal bank and inquire through them about it as most all private loan lenders, or banks offer loans that cover all the tution costs that federal student aid didn’t cover, which includes loan money for the cost of living. If your bank doesn’t provide you with a student loan for living costs, then you can also try other banks or credit unions. Some providers that offer student loans for living expenses include:

  • Chase Bank
  • Sallie Mae
  • Wells Fargo
  • Wachovia

It should be known that most all private student loan lenders demand a good credit score to obtain student loans for living expenses, so you have two options which are either to apply knowing that you have a good credit score, or find a cosigner that does. This will not only allow you to obtain the money for living costs but also provide you with better terms and a lower interest rate. Regardless of whether the lender requires a good credit score or not, providing one will not only bring better terms, but also allow you to borrow a lot more than you would be able to without a good credit score.

Student Loans For Living Expenses – Alternatives

It’s only obvious that students want to minimize their debt total as much as possible, and there is another way to do that without having to take out student loans for living expenses, or minimizing the need. A great alternative you can use is:

  • Federal Work Study Program (FWS) - Over 3,400 schools offer work study programs as well as the program is offered by local, federal as well as state public agencies. The work tends to consist of both work that has similarities to what the student is studying as well as community serivce work among other types, and provide at leat mininum wage, in which the money earned goes directly towards paying for your tuition. In order to utilize this student loans for living expenses alternative, you must file out and submit a FAFSA.

 

Student Loan Forgiveness For Nurses

January 8, 2012

Student Loan Forgiveness For Nurses

The student loan forgiveness for nurses program is referred to as the Nursing Education Loan Repayment Program (NELRP) which is administered by the US Department of Health and Human Resources.

Student Loan Forgiveness For Nurses

Student loan forgiveness via the US Department of Health and Human Resources  allows registered nurses as well as those who are in an advanced practice in nursing to be eligble to have 60 percent of the entirety of their debt paid off if they agree to work a 2 year term in an area that essentially in low in suffiecient medical care, also known as a “Critical Shortage Facility” which can be a non profit facility as well as public or private.  Besides Critical Short Facilty jobs, other jobs that qualify consist of working at a school of nursing in which it is a non profit organization, either private or public.

There is also the option of providing an extra year of sevice in exchange which at the conclusion of the year the possibility of having an extra 25% paid off of medical school loan debt presents itself. No matter which term, when fulfilled the individual enjoys a perecentage of their debt wiped away, but if one doesn’t adhere to a contract then serious repercussions are taken affecting the applicant financially, unless an application to suspend or waive the term of service is submitted and accepted.

Requirements For Nursing Education Loan Repayment Program Eligibility

General requirements for NELRP qualification consist of:

  • Being a citizen of the United States or a permanent resident.
  • You attained nursing education must come from a school that is accredited and came from a school in the United States.
  • Working as a RN or an advanced pratice nurse at a location that is a “Critcal Shortage Facility” or in what is called a “Health Professional Shortage Area” in which the inidividual is putting in a minimum of 32 hours or work each week.
  • Have outstanding debt due to the reason of qualifying loan debt, which you attained the degree you set out to obtain with the funding of the nursing loans.

Loans That Qualify

Loans that are able to qualify for student loan forgiveness for nurses include:

  • Loans that were used for tution fees as well as any other other expenses that pertainined to getting your degree, which even includes expenses used to pay for your living situation.
  • Consolidation loans also qualify if they were lended in the form of government loans or from a commercial source

When one obtains a jobs that qualifies for nurse loan forgivenes they end up getting paid whatever their employer decides to pay them as wel las whichever benefits are applicable, income is not necessarily changed because one is eligible. In order to fulfill the nursing student loan forgiveness program, one must not miss more than 7 weeks each year.

Student Loan Forgiveness For Nurses Alternatives

If you cannot get a job in a facility that is experiencing a shortage, there are other alternatives that you can consider that can offer you student loan forigiveness for nurses which include working a community serivce job for the Peace Corps, Americorps  as well as Volunteers in Serivce to America (Vista). Each organization either provides its workers with a stipend around 4,000 – 6,000 dollars per year to put towards student loan debt, for example VISTA gives $4725, or pays off a percentage of their loan debt each year of service, anywhere from 15 to 30 percent per year.

 

Apply For Student Loans – Tips To Follow

November 2, 2011

Apply For Student Loans

Apply For Student Loans

If you going to apply for student loans anytime soon, you may be wondering where to start as well as the best way to go about this search, as this funding will be vital for obtaining a college degree. Considering this, we have some great tips for you to follow that will allow you get on the right track when it comes to applying for student loans.

Apply For Student Loans That Are Federal

There are two types of loans, federal and private, both of which serve their place on the quest for college money. Federal loans, those lended either directly or indirectly from the governement should always be applied for first as:

  • Interest percentages are much lower.
  • They have more flexible repayment plans, like the Income Based Repayment (IBR), which allows the borrower to have a monthly payment which equates to around 10 to 15 percent of their monthly income.

These federal student loans come in the form of three different types which are; Stafford Loans, Perkins Loans and PLUS loans, which some of them have the subsidized option, which is where your eligibility is based soley off financial need, as well as unsubsidized, which eligiblity is not based of financial need.

In order to apply for student loans that are federal, all applicants must fill out a Free Application for Federal Student Aid also known as a FAFSA, which will determine, through the Ecpected Family Contribution (EFC) section, how much money the student will be eligible for in the form of federal loans. Besides being able to find out how much money is going to be made available in the form of federal student loans through FAFSA, the applicant will also be able to find out information on other forms of financial aid like;

  • Federal grants, like the Pell Grant which offers students up to 5,550 dollars per year, which doesnt have to be paid back, among others.
  • Work study programs

Apply For Student Loans That Are Private

Private student loans should be your last resort when you set out to apply for student loans. These loans are made availabe through private lenders like banks and institutions among others, which are there to provide you with the ammount of money that federal loans as well as any other financial aid you are receiving, didn’t cover. In order to get the best private student loans, a couple tips that are good to follow are;

  • Either have good credit, or find a co-signer who does, which a co-signer can be anyone from a parent to a friend. To make your chances of eligiblity the best for private student loans, do your best to get a credit score that is higher than 700. This will avoid rejection of your application as well as come with lower interest rates and other fees.
  • Applying for student loans that are private come with two different types of interest, both LIBOR and PRIME. The best private student loans come with rates that are; LIBOR 2.0% and PRIME .50%.
  • Find loans that come with no “activation” or “origination” fees, both meaning the same, which is the fee for taking out a loan.

If you are looking for great providers for private student loans, we have 5 great ones that you can check out at: Apply For Student Loans

Student Loans For Bad Credit – How To Still Get A Loan

August 27, 2011

Student Loans For Bad Credit

What if I were to tell you that there was a loophole to where you can get student loans even though you have bad credit? Well that is exactly what this article was written as there are many student loans for bad credit programs out there that you can use to get the money you deserve to go back to college and attain your college degree. Don’t let a bad credit score hold you back from getting your education. The following information will provide you with how the method that allows you to get student loans for bad credit.

Student Loans For Bad Credit

Student Loans For Bad Credit – How to get loans

1.)  I have three words for all of you looking for student loans for bad credit, they are Federal Student Loans. Federal loans could really care less about what you credit score is and most all of them don’t require that you have a cosigner to obtain a loan. Another great part about this student loans for bad credit method is that federal loans will provide its eligible candidates with the lowest ineterest rates around compared to private orgranization, like the Stafford Loan which is currently around 4 percent, insanely low. Some of the federal loan porgrams you can use are:

  • The Stafford Loan
  • Parent PLUS Loan
  • The Perkins Loan

2.)  If for whatever reason you want to go through a private organizations when looking for student loans for bad credit, you can always get a cosigner who you know and trust and who has a good enough credit score to make payments. Remember though with this option, you want to make sure to make the payments every time as your choosen cosigner is putting their faith in you to make the payments. A great thing about this is that most loan companies allow you to have a payment free college experience, and require that you start paying 6 months after you are done, allowing you to have time to get a job and make those payments. Also, if you choose this student loans ford bad credit method, after a certain amount of time, which is around 40 payments, the debt can be tranferred to your name, giving you an excellent opportunity to raise your credit score by making your payments on time.

3.)  This next option can be used either before using the above methods, if for some reason these student loans for bad  credit methods don’t work out for you. What you can do is visit a credit counseler at the school you with to attend, either the counseling will be at the school or you will be referred to someone who does credit counseling. By using these two resources, they will provide you with information on how you can get student loans with bad credit. These people are professionals who are their with the goal of helping you get the funding you need to attend college and fulfill you dream of getting a degree. With this option, if you meet with a counseler at the school, you can also inquire about if there are any programs through the school that provide student loans for bad credit, or any grant programs that may apply to your situation.

Student Loans For Bad Credit – What to do now?

The first thing you will want to do immediately is fill out what is called a FAFSA which stands for Free Application for Federal Student Aid. This application will present to you the loan programs that provide student loans for bad credit that cater to your personal situation. Also being that you are looking for student loans for bad credit, after a cert