How To Finance Your Education
What are some ways you can finance your education?
Going to school is no small expense. Depending on whether the school you'll be attending is public or private and the amount of exclusivity the school maintains can mean you'll shell out big bucks for college, if you don't know some tricks on financing it. There are many ways to pay for a college education, you just have to know where to look. They range from scholarships and grants, to loans, to work-study programs. Depending on your situation, you can more than likely find the deal that works best for your needs. Here is a list of some of your options.
• Scholarships. These are awarded to people who have succeeded in one way or another in their academic past. Scholarship are awarded for successes for many extra-curricular or academic achievements. Scholarships can be for everything from debate to sports to academic to student government leadership skills. This is money that you don't have to pay back.
• Grants. These are similar to scholarships but often require more extensive application processes, and may require additional research materials to be submitted at a later date. This is also money that does not have to be repaid to the donor.
• Work-study programs. These are programs that allow students to earn their education by working full- or part-time jobs in a related field during summer months or during semesters throughout the student's academic career. These are jobs that can be on-campus with a particular professor or academic department or can be off-campus and work with a private or public company or agency.
• Loans. This is money that is arranged with a lender over and is paid over a specific period of time. Academic loans are widely available, and you can get lower-interest-rate loans often for certain areas of study. Most academic loans are not needed to begin the payment process until at least six months or a year after the student's college experience is complete.