Category: Education

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The Student Guide to Saving Some Serious Cash

The term “starving student” isn’t around for nothing. College is expensive, and most students try to get by on small student loans and a few scholarships. The result is a small cash flow problem. There are several things students can do to save money during school years, though:

– Apply for scholarships. Apply for all forms of financial aid you qualify for. The less you need to borrow, the more manageable your student loans will be. Apply early and apply often for any form of financial aid you do not have to pay back.

– Work through school so that you rely on loans less. If your semesters are full, at least work during the summers and vacations to defray your expenses.

– Get out of the spending habit. Get a roommate and consider swapping or buying needed items online. The less you spend now, the less you’ll have to repay later.

– Get one credit card but stay out of serious debt. Credit card companies often woo students with great deals. Find the best deal you can find and apply for one credit card. Pay that card off every single month to avoid interest costs and to establish a good credit rating. Stay away from other sorts of personal loans, payday loans, and unsecured debt as much as possible. It will only add to your student loans and will make starting over after college much harder.…

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How Parents Can Keep Their Child’s Student Loans Low

Many parents dream of their children getting a great education. For many parents, college is part of that dream, but college education gets more expensive each year. The good news is that parents can help their children afford college easily – by starting now. Here’s how to get there:

1) Start applying for scholarships early. Many parents wait until high school to start looking for scholarships, but many good contests to raise college funds are available for younger children, too. Research these scholarships and contests in your local library and start applying.

2) Help your children get great grades. The better your child’s grades are, the more likely he or she will get at least a partial scholarship to a school. This can help lessen the number of student loans your child will have to repay.

3) Start saving early. Consider putting part of your child’s allowance into an education trust fund or savings program. Find out if your employer will match contributions. Savings means your child will graduate with smaller student loans to repay and will have an easier time settling into adult life without huge unsecured loans or debts.…