Most of the colleges offer certain types of great scholarship opportunities for students. Based on the college that you currently attend, you can choose from these opportunities provided for every student apart, but if you have a great talent in doing something, your chances of getting approved for an international scholarship are pretty high. Therefore, based on your unique characteristic or talent that you have, you can freely choose from the scholarship opportunities offered by your attended college or even another opportunity offered by an outside organization. These organizations offer such scholarship opportunities for students, so they can deeply get involved in a certain study area or gather detailed knowledge in certain hobbies or subjects. ...continue reading



Saving for college is not the easiest task for all students. If you find it difficult to learn how to save money for college, you may find the following saving tips helpful. Perhaps, you could also become familiar and practice some of the investment strategies as well. Let us see what you can do about saving for college!

Your living costs

The first thing to do in the saving process is to review your living costs because you have to put a certain amount of money away for this purpose. If you have living costs that you can cut off, consider these saving for college.

Start saving on-time and often!

One of the most useful tips for making saving money easier for college is to start saving on-time and often. Remember that if you will put away some money only once, you will not be able to gather the necessary amount of money for college; so saving needs to be done as many times as possible. Often saving will become a real habit at a certain moment and you also need to keep in mind that the earlier you start doing it, the faster you can enjoy noticing your savings grow!

Save as much money as you can!

In case that you can`t afford saving too much at the beginning, start saving small amounts of money; it is more than nothing. This is how you can easier adjust your spending habits and be able to save more in time and spend less in the same time. Saving small amounts of money at the beginning should not be a reason of concern because you will become more and more interested in increased saving over time. The most important thing to do is to start the process of saving as soon as possible, even with the smallest amount of money.

Saving on a regular basis

Saving randomly is not the best way to put away money. Because this is not the `healthiest` method to save money, you should get yourself used with monthly saving. If you don`t save regularly, you tend to spend the money on other things. The more often you save, the better. It is not mandatory to save on a monthly basis; you can do it weekly or bi-weekly, or at least once at every 6 months (but in this case, save more!).

Use a separate account for saving for college

If you have your separate bank account where you put away your money for college, it will motivate you easier to save as much as you can. Keeping your money for college on a bank account is better; if you have the money in your hands, you can easily get tempted to immediately spend it! When you have your goal clearly in your mind (saving for college), you can get even better motivated to save more, if you can analyze your saving progress, by checking your account regularly.

Save all the extra money you receive!

When people win at the lottery, receive a bonus at the work or simply receive a lot of funds for a certain reason, they are immediately starting to think on what to spend that money. You should think differently; if you instantly receive a huge amount of money, don`t spend it; put it in your bank account for college!

Gradually increase your savings!

At the end of every year it is a wise thing to calculate how much you reached to save. Especially when you are not satisfied with the amount of money you`ve saved for college the previous year, you should increase your saving for the next year with at least 5%. If so far, you`ve saved $50 for college on a monthly basis, starting with the next year, you`ll save at least $55 monthly. If you see that you earned more money in recent months, it is ideal to save more in the same time.

Talk to your family members

When you decided that from tomorrow, next week or next month you want to start saving for college, if you want to save more than your personal funds, talk to your family members about your decision. Ask them to help you in your saving process. Your grandparents most likely will help you save some more money each month. Grandparents love to help, especially if they are aware of the fact that the money they save will be spent on the education of their grandchild.

With these helpful tips, saving for college has never been easier before!

studentloan forparents

As a parent there are times when you need to help your children out, and furthering their education may be one of these. Here is some information to help you decide whether taking out a student loan on your child’s behalf is the right path to take.

There are several options open to you if you want to help your child with their student loan. These are divided into two types: private and federal. Private lenders are solely profit driven, tend to have an inflexible approach to repayment and are unforgiving if you are unable to make payments. Some do offer deferment and forbearance options, but these are time-limited and chargeable. In particular, College Ave Student Loans offers a number of benefits to borrowers. However, if you are financially secure they may be able to offer you a more attractive interest rate than the federal scheme.

Federal loans offer a greater range of benefits, such as deferment and forbearance for a longer period and without fees, as well as Public Service Loan Forgiveness and Income-Contingent Repayment terms if you go on to consolidate your loans with a federal initiative. You can also get loan forgiveness in certain circumstances. If it’s an option, it can be better for your child to take advantage of their eligibility for a federal subsidized loan first as these have both lower interest rates and fees.

If you do choose to go ahead and take out a federal loan as a parent, you’ll be facing a fixed interest rate of approximately 7% and will have to pay an origination fee of around 4% of the loan up front. This will be deducted from the first disbursement.

Eligibility for the federal loan, called the Direct PLUS loan, does not depend on financial need, so you can still take advantage of it if you have a higher salary or significant savings. Although it doesn’t require a strong credit rating, you must not have an adverse credit history. If you do, you will have to find someone to endorse or co-sign the loan unless you can prove to the Department of Education that it is due to extenuating circumstances.

Your child must be a dependent undergraduate student attending school at least half time and must meet general federal requirements for student aid. You must both be citizens, permanent residents or qualifying non-citizens of the US.

The loan will cover the whole cost of attendance, including tuition and fees, room and board, supplies, equipment and books. Any other federal aid they have been awarded will be deducted from this possible total. The money will be placed into your child’s school account in at least two instalments over the course of the academic year.

The repayment period starts no more than 60 days after the first disbursement, as does the accruement of interest, unless you apply for deferment, and the repayment term is 10 years.

You can’t transfer the loan to your child, and will be 100% responsible for repayment, so think carefully before committing.


When it comes to financing your degree, private loans can be a good way to supplement your federal loan, or as a separate alternative. Taking out a loan is a big commitment, so make sure you’re well informed about your options before coming to a decision. Here is some introductory information to get you started.

In the majority of cases, federal loans should be your first port of call when it comes to student finance. These offer students a range of benefits that can help you avoid defaulting on your payments, such as Income-Based Repayment, forbearance, deferment and Public Service Loan Forgiveness. Although some of these schemes are available through private loans, they are less common and often subject to time limitations and fees. Unlike with a federal loan, private lenders will sometimes charge a fee if you choose to pre-pay your loan (make payments in excess of the agreed amount).

The interest rates on private loans can be variable; sometimes lenders will charge one rate while you are attending school, and another, higher rate that takes effect once you have graduated.  This makes it even more essential that you take the time to make a conservative financial forecast to predict if you will be able to manage repayments once you graduate. Keep in mind, also, that many private loans require repayments to start immediately after you receive the first disbursement, while you are still at school.

The majority of private lenders will require a credit check before you can borrow, to ascertain if they’re making a safe investment that you will be able to repay; the interest rate quoted will often be determined by this credit score. Given that most students applying to college don’t yet have an extensive credit history, many lenders will require a co-signer to ensure that they will still get their money if the primary borrower is unable to make repayments. There have been cases reported of the borrower being required to immediately repay the loan in full in the event of the co-signer dying or declaring bankruptcy.

It’s also worth checking whether the interest is tax-deductible; unlike with most federal loans, private loans don’t usual qualify for tax to be written off. And as with federal loans, private student loans are not discharged in bankruptcy unless very specific circumstances can be proven.

Most private loans are offered by banks, other financial organisations, or schools, and there are some start-up companies who offer similar initiatives. One of the new These community and customer based businesses draw from a pool funded by alumni and other accredited investors, and may offer temporary payment reprieve in the event of unemployment. They may also provide job search assistance, loan deferment, and mentorship for aspiring entrepreneurs.

As with any decision that will affect your future for years, and possibly decades, to come, be sure to explore all your options and research thoroughly before committing to a private loan. If you have a good credit history, are guaranteed a well-paid job, or don’t particularly need the money and are using the loan to manage your cash flow, a private loan is worth considering. If this doesn’t apply to you, then be cautious about going ahead with this option.

online degrees

Online degrees are becoming increasingly popular, but it’s not always easy to know how to finance them. Here are some aspects of financial aid to consider before you embark on your online education.

The first thing to consider when deciding how to finance your online degree is whether the course you want to take qualifies for federal student aid. If it does, the same options are open to you as if you were taking an on-campus course, but remember that the maximum loan amount cannot exceed the cost of the qualification. There are four types of federal loan, and which ones you are eligible for will depend on your financial circumstances, amongst other things. These are the Direct Subsidized or Unsubsidized loans, the Parent PLUS loan, and the Perkins loan. For more information on these, see the article, ‘Facts About Student Loans’.

However, some online courses are not accredited, and therefore may not be eligible for federal student aid. In this case, the only option left open is a private student loan. These are provided by banks, financial institutions, or schools. Private loans offer less flexibility with repayment. Federal loans have deferment, forbearance, Income-Based Repayment and forgiveness options in certain circumstances; some private lenders may offer these but they will be charged and available only for a limited time period.

If the school you are considering is not accredited, there are further financial implications that you should consider. When taking out a student loan, the key to a stress-free and successful financial future is to research, plan and forecast your financial future. Unfortunately, there are plenty of online courses that don’t provide quality, well recognised qualifications. If you obtain one of these substandard degrees, employers may not consider your applications, believing the course to be lacking in educational rigor. This could lead to you being graduated, unemployed, and saddled with a large student loan whose payments begin shortly after graduation (and possibly sooner if you go with a private loan).

The key to avoiding this situation is to check on the standing of your potential school and course. Check the graduation, retention, loan default and job placement rates; these will give you a good idea of whether the course has the potential to bring you success. Speak to potential employers, students currently enrolled on the course, and alumni of the school you are considering.

Preferably, the school should be regionally accredited by either the US Department of Education or the Council for Higher Education Accreditation. Remember that an accreditation by these organisations doesn’t necessarily mean that the course is educationally rigorous or likely to secure you a job. Be wary of recruitment officers that offer you a ‘pitch’ and push hard to enrol you; take your time and research thoroughly before committing.
Although you need to keep this cautionary advice in mind, don’t be put off. Online courses are rapidly gaining popularity, as well as the respect of employers, and financing them needn’t be difficult. Spend time planning your financial future, choose the student loan option that’s right for you and select a course that has the potential to bring you success.