Student Loans and Financial Aid

Most students attending college will hope for grants and scholarships. This is natural-who doesn't wish that they could be given free money? However, the reality is that the majority of people entering college will live off of loans for the duration of their college education. After they graduate (and even after they, god forbid, drop out) they will have to repay those loans. That is the reality.

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We don't discourage you from applying for scholarships and we even offer a guide to the scholarship application process. However, we advise you that your time will be best spent learning all the ins and outs of student loans.

In other words, get yourself an education about loan applications and loan consolidation.

You should focus on learning all you can about
  • student loans. Student loans are complex. Borrowers are making a long term commitment to financial aid offices, trust companies and more. There are many things you can do to prepare yourself by learning about student loan forgiveness, debt reduction and much more.
  • the FAFSA: another thing you would benefit from thinking about ahead of time.
  • student loan consolidation: the laws change. Stay informed.
    grants and scholarships. Most people are looking for scholarships. By definition, grants are given out by an organization (governments included) that wants to fund research. By and large, most of the work that students do does not qualify for grants-unless you are in graduate school. We give more attention to scholarships than grants.

Student debt is garnering increasing attention every year, it seems. Those entering college or university should never lose track of the debt they are incurring. They should expend time and effort investigating all the resources available to them. If you let an education in finances become part of your higher education, long term benefits will be considerable

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