By James Thomas
Sometimes it seems like you are locked in a losing situation. You know that you need to get a degree to get ahead in your job or your career, but as a single Mom, you don’t seem to have the resources to do it. Even if you can carve time out of your brutal daily schedule, college costs are at an all time high. Where will you get the extra money to go back to school?
Sure, there are student loans available, but that may not be the best answer. It’s hard to think of working hard for years to get a degree only to see the extra pay you get with it eaten up by the student loans you have to pay back.
Ways that you can reduce or eliminate your need for student loans:1.Take advantage of every scholarship and grant opportunity that you can.2.Cut your school hours back. It may take you a little longer to get your degree but it will shorten your payback time.3.Fill those hours that you cut back with extra employment. Getting a part time job on campus can help you pay for the classes that you do take.
Take advantage of loan any forgiveness programs that you may qualify for. The Federal Government will forgive all or a large portion of your student loans if you agree to work in selected professions or in selected markets after you graduate. This means that you can get the loan but you don’t have to pay it back.
FAFSA, the Free Application for Federal Student Aid can get you on the list of multiple Federal student aid programs. It’s a bit tough to fill out, but you only do it once per year to find out which programs that you are eligible for and how much you can get for college.
One of the keys to success in FAFSA is to file early. Federal funds are awarded based not only on how much you need, but on your order in the queue to get those Federal funds. Early filers have a greater chance of getting their full award than late comers, whose application is processed when the available funds are starting to dwindle. Don’t depend solely on the government. The private sector can be tapped to help fill the gap in your educational needs before you need to turn to student loans.
Your school will have a financial aid office. Part of their job is to advise you regarding any financial aid opportunities that you can take advantage of. Make an appointment to talk to a counselor and see what is out there. And go back at least once a year to see if there is anything new that you can take advantage of.
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MLA Style Citation:
Thomas, James "Need Money For School?." Need Money For School?. 19 Jun. 2010. uberarticles.com. 29 Sep 2014 <http://uberarticles.com/reference-and-education/getting-the-money-you-need-for-college/>.
APA Style Citation:
Thomas, J (2010, June 19). Need Money For School?. Retrieved September 29, 2014, from http://uberarticles.com/reference-and-education/getting-the-money-you-need-for-college/
Chicago Style Citation:
Thomas, James "Need Money For School?" uberarticles.com. http://uberarticles.com/reference-and-education/getting-the-money-you-need-for-college/
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