Education Loans And Financing College
College... the very word probably conjures up a mix of emotions for you. With the rising costs of college tuition, paying for education can be a financial challenge for many families. According to the College Board, a nonprofit educational organization that annually publishes college costs, the tuition and fees for the 2007-2008 academic year averaged $23,712 for private 4-year colleges and universities and $6,185 for public. But, considering that studies show that workers with a bachelor's degree earn an average of 62 percent more a year than those with only a high school education, going to college is one of the best investments a person can make.
Fortunately, help with financing a college degree is available in many forms and you can find a plethora of information on the web:
- The American Bar Association presents information about student loans at SafeBorrowing.com.
- FinAid! provides information on loans, scholarships, savings plans, military and other types of aid and dozens of cost calculators.
- Federal Student Aid Application, provides information and eligibility requirements for federal aid.
- The College Board offers helpful information on paying for college including a step by step Financial Aid EasyPlanner Program and several College Financing Calculators.
- Free online financial aid and scholarship search
- The College Board's Scholarship Search database lists scholarships and other types of financial aid programs from 2,300 national, state, public and private sources. The database is updated annually.
- COLLEGE SCHOLARSHIPS.ORG lists a broad array of funding opportunities.
- FastWeb claims to be the largest and most comprehensive source of FREE scholarship information on the web.
- Peterson's Scholarship Central is a robust database of scholarship information offered by Peterson's, A Nelnet Company.
This publication is for general informational purposes only and it is not intended to provide any reader with specific authority, advice or recommendations. Where you deem necessary, we suggest that you seek advice regarding your particular situation from the appropriate professional.
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