Forbearance is an option that allows borrowers to postpone loan payments while they’re in school. What’s important to know is that interest does not stop accruing during the time. This accrued interest increases the cost of the loan considerably. However, delaying paying off your student loans can also help you focus on finding a job …
What is an Enrollment Deposit?
When you receive your acceptance letters from colleges, you will generally have to submit your answer on whether or not you’re attending by May 1st. Some schools will also ask for an “enrollment deposit.” Here’s what that means, how much it may cost, and why you may want to delay your answer. What is an …
Are You Guaranteed a Scholarship From the College You Attend?
Did you know that many scholarships come from the colleges themselves? They’re known as institutional scholarships. While many students rely on institutional scholarships to help pay for college, you are never guaranteed a scholarship from a college you attend. Although you may be granted one, it is never set in stone. However, there are ways …
Can You Use Scholarships to Pay off Student Loans?
When you’re trying to pay off your student loans, it’s a good idea to explore all your options. Some students wonder if they can pay off their loans with scholarships. If you received a scholarship your junior year, for example, can you use it to pay off a student loan from your freshman year? The …
How Do I Discover My Financial Aid Eligibility?
Many, if not most, students depend on some financial aid to help them cover the cost of college. Determining financial aid eligibility, however, can be confusing. What do you qualify for? How much can you earn? This article covers the general eligibility requirements for the 3 main types of financial aid available to students—federal student …
Are There Graduate School Scholarships?
Are you planning on attending graduate school after you earn your Bachelor’s? You may be wondering about how you’re going to pay for the degree. Student loans are one way, of course, but they shouldn’t be your first option. Believe it or not, there are graduate school scholarships too! Here’s what you need to know! …
Why Does College Cost So Much?
One of the first things to pop up in a conversation about college is the price. Why does college cost so much? Is there any way to graduate without paying an arm and a leg? Or being buried in debt? Let’s break down why the price tag is the way it is, then we can …
Are There Scholarships For College Students?
As a high school student you probably spent a lot of time looking for scholarships. They’re the best way to pay for college, after all, and can offset your higher education expenses. The more you earn in scholarships, the less you have to pay out of pocket or take out in student loans. So why …
How Often Should I Be Applying For College Scholarship Awards?
Winning scholarship awards is one of the best ways to get free money towards your college education. Unlike loans, you don’t have to worry about paying the money back or how much interest that money is going to attract. Whatever money you are awarded, is yours to keep. With that in mind, it’s tempting to …
Should I Use Grants for College?
Scholarships are one of the most popular ways to pay for college. And easily the most well-known. But what about grants? One common question that revolves around financial aid and college tuition is “Should I use grants for college?” Of course, the follow up is: how to get grants for college. We cover just that …
