Along with college comes a monster for most students, tuition. Most look at financial aid as a savior but, it might not always be a strong knight in shinning armor.
Financial aid does not mean free money. Most students depend on loans. A loan is money you borrow with interest. When depending on loans, students should be smart and check if the loan is subsidized or un-subsidized.
With a subsidized loan, students don’t have to pay interest while they are in school. While they are in school, The state pays interest. An unsubsidized loan is paying interest as soon as you enroll.
Financial aid does have a heinous side. Truth of the matter is, interest kills you. A very evil side that is easy for most people to ignore because it is usually a tiny star at the end of the page is loan origination fee. Loan origination fee is charge loan agencies and banks give you just for signing up.
Scholarships sound fascinating. They are. Scholarships are grants from a state, a private party, government or even the school itself. Most students aim for the $10,000 and above. Numerous students ignore small scholarships. They should realize that no scholarship is too small.
College will get expensive so students will receive less. Tuition, the vicious monster, is increased every year but grants, part of the savior, decrease. Students should not quail and hide, they should apply for additional scholarships while they are in school.
If students achieved good grades while they were in school, they qualify for merit based scholarships which is based on academic performance. On the other hand, there is need based which is based on the need of the student and his/her family.
Fafsa and CSS are financial aid forms. Fafsa is a free application. CSS charges $25 per school. Students should do a application for all of their schools at the same time. These forms do get very personal. They ask for your parent’s tax forms and W2 profiles for verification. They must be submitted on time or early.
Though college is a like a colorful rainbow for gaining knowledge and a better future, there is no pot of gold at the end of any rainbow.
Financial aid does not mean free money. Most students depend on loans. A loan is money you borrow with interest. When depending on loans, students should be smart and check if the loan is subsidized or un-subsidized.
With a subsidized loan, students don’t have to pay interest while they are in school. While they are in school, The state pays interest. An unsubsidized loan is paying interest as soon as you enroll.
Financial aid does have a heinous side. Truth of the matter is, interest kills you. A very evil side that is easy for most people to ignore because it is usually a tiny star at the end of the page is loan origination fee. Loan origination fee is charge loan agencies and banks give you just for signing up.
Scholarships sound fascinating. They are. Scholarships are grants from a state, a private party, government or even the school itself. Most students aim for the $10,000 and above. Numerous students ignore small scholarships. They should realize that no scholarship is too small.
College will get expensive so students will receive less. Tuition, the vicious monster, is increased every year but grants, part of the savior, decrease. Students should not quail and hide, they should apply for additional scholarships while they are in school.
If students achieved good grades while they were in school, they qualify for merit based scholarships which is based on academic performance. On the other hand, there is need based which is based on the need of the student and his/her family.
Fafsa and CSS are financial aid forms. Fafsa is a free application. CSS charges $25 per school. Students should do a application for all of their schools at the same time. These forms do get very personal. They ask for your parent’s tax forms and W2 profiles for verification. They must be submitted on time or early.
Though college is a like a colorful rainbow for gaining knowledge and a better future, there is no pot of gold at the end of any rainbow.
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