By many accounts, credit cards ARE a trap to avoid. If you’ve already got a card though, or think you’re ready to take on the responsibility of one, here are a few tips help you keep yourself from going in the wrong direction. 1. Avoid sign-up gimmicks. Card companies often partner with restaurants, clubs, and other businesses around college campuses to offer free stuff to anyone who fills out an application. They know that something as simple as a free lunch or teeshirt can be a big draw for students. Don’t fall for this! Even if you don’t care whether or not you are approved for the card, filling out an application for one is not something that should be done lightly. You may find yourself looking back later and wondering when it was that all your debt problems started. 2. Don’t sign up for store-specific or gas cards. If you use a credit card during your college years, it should only be for emergencies. A card that is only good at your favorite department or electronics store is not going to help you if (for example) your car breaks down on the way back from a visit home. Cards [...]
Like so many of the rest of you today, we at College Financial Aid Guide are eager to show support to our nation’s service men and women, and thank them for all that they have sacrificed on our behalf. To that end, here is the latest news on veteran’s educational benefits, and a few tips on what we can all do (regardless of our personal politics) to support our troops and their families. Congress is currently considering a bill entitled “The Post 9/11 Veterans Educational Assistance Act” which would increase educational benefits for veterans returning from the wars in Iraq and Afghanistan. The bill is designed to improve upon existing benefits by providing additional funds for college living expenses and tuition. So what can we do to support veterans’ educational benefits? 1. Stay informed. You can find all the details of the bill at congress.org under HR 5740 and S.22. Also, check out this article by Dale Eisman at PilotOnline.com, as well as other news sources to see what others have to say. It is important to do this so you can weigh the pros and cons of the bill for yourself before forming a strong opinion. Like all congressional [...]
Some companies, such as Verizon (Check out www.pnnonline.org.), offer scholarships that are very substantial and accessable to students and dependants of those who work for them. A student’s employer, and/or that of their parents, can be an excellent source of extra college funding. They can also be one of the most overlooked sources. As with all scholarships, the requirements and restrictions can vary widely. While looking for ways to pay for school, be sure to find out what your employer(s) may have to offer. Also, as a potential employee, it’s always a good idea to consider scholarship and tuition assistance benefits seriously, along with insurance, salary, and others. They may turn out to make a big difference in your future prosperity, as well as that of your family.