Student Loans and Grants

If you are thinking about furthering your education, whether you are just out of high school or an adult returning to school, looking for student loans and grants should be at the top of your list of things to do. No matter where you live, college is very expensive and virtually no one is able to pay tuition without some sort of assistance.

General Information

If you are a new undergraduate student, there are grants that are available to you.A great starting place is the Federal Pell Grant information. What is so nice about this grant is that you do not have to pay it back.

The federal government also offers student loans at a very attractive low interest rate and flexible repayment options. The Federal Stafford Loan is a good option and it works in a few different ways. The government site offers detailed information about how to qualify for this loan. For a direct subsidized loan you will have to demonstrate financial need; with direct unsubsidized loan you do not have to demonstrate a financial need.

Either way, these choices will go a long way in helping you meet not only tuition costs, but also books and cost of living expenses while in school. The financial aid office at your school may also have resources for you to look into; some departments in a school may offer loans specific to your major.

Searching for Loans

In addition to your school’s financial aid office, there are other places you can search for student loans and grants. You can do a general internet search and find quite a few options. Sometimes banks will offer student loans and sometimes private lenders will offer them. There may be times when a federal loan will not cover all your costs and this is when you should consider looking into private lenders. This should not be your first option however, as interest rates will probably be slightly higher.

Searching for Grants

Besides government grants, there are also other places to find grants. The very informative article entitled “Education Grant Benefits and Opportunities” explains where grants can be found. You could be eligible for many different types depending on your demographic: sex, age, dependent status, underdeveloped area, field you desire to go into – the list is almost endless.

An example of this would be the healthcare field. There is going to be increasing demand for healthcare workers as the population ages, so there are some attractive grants for those wishing to enter into healthcare.

All in all, no matter if you want to return to school to expand your career and earning potential, or if you are just entering college straight out of high school, you should have the chance at higher education. There are plenty of options available to achieve your goals.