Monthly archive April, 2008
Getting help paying off student loans just got a little easier for Tufts University graduates. The Medford, Mass. school announced that they will help pay off the loans of its students who work for a nonprofit organization or a public-sector job. Find out more in this article from Philanthropy Today.
The federal work study program is available at eligible colleges and other institutions with the purpose of providing part-time employment to undergraduate and graduate students with financial need. Additional programs may be funded by state governments. Students are awarded work study through completing the Free Applicaton for Federal Student Aid (FAFSA), just like other financial aid such as grants and loans. Besides offering a way to pay for school through a part time job, these programs have quite a few other benefits that many students may not expect. Find out more about: The Benefits of College Work-Study
If you are planning on starting college soon or getting ready to go back, now is a great time to plan out a payment strategy. For many students the advent of financial aid is what makes college possible. Only later do we find out that the money we receive through financial aid often just isn’t enough. Students who are dependent on aid primarily to fund their education also face the prospect of huge amounts of debt in student loans and other sources that will have to be paid back once their degrees are earned. That’s why it’s important to plan for the task of paying for your education. Consider all of the options available to you. Among other things, this can include funds your family may be able to contribute, how and where you will work while attending school, and funding you can expect from other sources such as scholarships and any college support program your or your parents’ employers may offer. When it comes to taking out student loans, make sure you are fully informed about the different types of loans available to you, and plan on only taking out as much funding as you absolutely need. Spending some [...]