Archive | Financial Options for College RSS feed for this section

Understanding the basics of college grants

November 28, 2011

You may have heard of college grants and scholarships, but do you really know the difference? Although both can help you pay for tuition and additional fees, there is a difference between the two, and knowing the details can make you more aware of your financial situation.
CollegeScholarships.org says that while both scholarships and grants provide you with free money, college grants are specifically need-based.…

Read More...

Michigan group looks to award students who overcome poverty

November 22, 2011

Living in a poverty-stricken area can be tough, and it can be even harder to succeed academically in a public school system that ranks below national averages. However, it's not uncommon for students to overcome the odds, graduate high school and work toward their dreams of earning degrees.
Now, the Michigan College Access Network is looking to award those who graduate from high school in impoverished areas, according to the Ludington Daily News.…

Read More...

Ohio considers bill to make college grants non-taxable

November 22, 2011

College grants and scholarships have long been a source of free financial aid for students looking to earn a postsecondary degree. However, many of these resources are subject to income tax, which can reduce their value to recipients.
Recently, a bill was proposed to make college grants tax-free in Ohio, according to The Associated Press. The document is currently waiting to be signed by Governor John Kasich, and it could relieve individuals who rely on this money to pay for room and board.…

Read More...

Seeking financial assistance to continue with a college career

November 21, 2011

When the first semester of college comes to an end, many students find themselves struggling to pay for tuition and fees more than they thought. Oftentimes, this forces individuals to postpone their college careers and look for ways to earn money to get back to school.
Although it can be difficult to cope with the skyrocketing costs of attending a postsecondary institution, there are a number of financial resources available to undergraduate students.…

Read More...

Exploring easy ways to cut the cost of attending college

November 21, 2011

As the economy continues to recover, postsecondary institutions are feeling the pinch. In turn, more colleges are raising the price tag on tuition, which is making it more difficult for individuals to attend school and earn a degree. However, U.S. News and World Report says that a lack of funds doesn't have to end your dream of going to college.
There are a few ways that you can gather the money to attend the school of your choice and obtain a degree.…

Read More...

Looking into the SMART grant for financial assistance

November 18, 2011

Although the Pell Grant is one of the most popular college grants out there when it comes to finding financial aid prior to attending a postsecondary institution, there are other options once you begin your schooling, too.
Oftentimes, students are caught off-guard by the amount of money they need to spend on tuition and fees. It's not uncommon for individuals to have to postpone their schooling in order to save up enough cash to finish earning their degrees.…

Read More...

More college graduates living with parents due to a lack of jobs

November 17, 2011

As the economy continues to struggle to recover, many students are finding that their post-college dreams are simply unobtainable - at least at the moment. With education loan debt and no one willing to hire them, The Wall Street Journal reports that many graduates are forced to move back home with their parents after earning their degrees.
The latest U.S. Census data shows that approximately 5.9 million Americans between the age of 25 and 34 live with their parents.…

Read More...

CFPB asking private loan borrowers to provide feedback on their experiences

November 17, 2011

It's not uncommon for individuals to take out both federal and private loans in order to attend the college of their dreams. However, doing so can result in debt, much of which can continue to grow as interest rates rise over time.
In an effort to crack down on private lenders who may be attempting to take advantage of borrowers, the government is now looking to collect information to form a report on the issue that will eventually be sent to Congress.…

Read More...

The Pell Grant: What is it and how can I get it?

November 17, 2011

There are a number of college grants and scholarships out there that you can apply for, and doing so can help you reduce your cost of tuition as you earn a degree. One of the most popular types of grants is the Pell Grant, which is provided through the federal government. But what exactly is the Pell Grant program?
The U.S.…

Read More...

Getting into good spending habits while you’re in college

November 16, 2011

As a teenager, you may have spent your paycheck from your part-time job on leisurely activities, but these habits will have to change once you get to college. Although earning a degree and living away from your parents is meant to be an enjoyable experience, it can have a significant impact on your finances, especially if you keep living a carefree lifestyle.…

Read More...