Budget-friendly Eastern offers college within family’s reach
With food and fuel prices leading the assault, the family budget is taking heavy fire from all sides these days. And almost everywhere, the rise in college costs — a relentless foe in the battle to make ends meet — continues to launch torpedoes.
“College-cost inflation has been running around 5-percent to 8-percent a year, more than double the average inflation rate in recent years,” the Kiplinger Personal Finance Magazine reported earlier this year.
To make matters worse, the current turmoil in the credit industry is leading some banks to cut back the number of college loans they make to students — and this at a time when the Department of Education estimates that “about 80 percent of the fastest-growing jobs will require at least two years of college.”
Amidst this “perfect storm” of soaring costs and shrinking credit, a local community college remains committed to providing quality college learning at an affordable price. “We offer one of the lowest in-state tuition rates of any public college or university in West Virginia,” said Amanda Sites, director of Financial Aid at Eastern West Virginia Community and Technical College. “So even learners who wish to transfer later for a four-year degree can save a lot on tuition and other expenses by starting college near home at Eastern.”
For those who might need financial aid, the college partners with American Education Services. “They guarantee the loans for banks that assist our students and make Eastern a safe student loan market,” Sites said.
She also pointed to a new family-friendly scholarship that actively recruits adult learners who have been away from formal schooling for some while.
“Eastern’s Scholarship for Non-Traditional Students seeks adult learners, 24 years old or older, who have a high school diploma or GED, and who plan to attend Eastern on at least a half-time enrollment basis,” Sites said. The scholarship covers tuition and other attendance fees for up to one academic year.
Source:http://www.times-news.com/local/local_story_180234353.html
Monday, June 30, 2008
Monday, June 23, 2008
Student Loans with No Credit History
A good credit history is an essential prerequisite for applying for a student loan. A student with a good credit history always stands in good stead to qualify himself for a student loan. So, it is always advisable that students who go for loans keep their credit within limits.
Many lenders provide loans to students with no credit history. There are two types of student loans namely, federal student loans and private student loans. The former are backed by the US government (coming under the department of education?s federal student aid programs) and are approved based on the financial need of the student, whereas the latter are considered as personal consumer loans. Refinancing of federal student loans is possible at far lower interest rates than private loans. Private student loans are approved after checking the credit history of a student or his parents.
Usually, a student loan with no credit history does not require any income or a co-signer. But this is sanctioned only for a small credit limit. To get larger credit limit, the help of a co-signer is essential. Before taking student loans with no credit history, compare the interest rates and the fees from different lenders. You can get student loans applying online also. The documents needed include proof of your identity, and your place of employment. It is better to look for loans based on your job history. It is advisable to have a thorough check on the terms and conditions of a student loan before signing the deal.
Source:http://ezinearticles.com/?Student-Loans-with-No-Credit-History&id=353189
Many lenders provide loans to students with no credit history. There are two types of student loans namely, federal student loans and private student loans. The former are backed by the US government (coming under the department of education?s federal student aid programs) and are approved based on the financial need of the student, whereas the latter are considered as personal consumer loans. Refinancing of federal student loans is possible at far lower interest rates than private loans. Private student loans are approved after checking the credit history of a student or his parents.
Usually, a student loan with no credit history does not require any income or a co-signer. But this is sanctioned only for a small credit limit. To get larger credit limit, the help of a co-signer is essential. Before taking student loans with no credit history, compare the interest rates and the fees from different lenders. You can get student loans applying online also. The documents needed include proof of your identity, and your place of employment. It is better to look for loans based on your job history. It is advisable to have a thorough check on the terms and conditions of a student loan before signing the deal.
Source:http://ezinearticles.com/?Student-Loans-with-No-Credit-History&id=353189
Monday, June 16, 2008
Student loans money saving tips
Every year a new set of students begin their higher education, at this time many will take out a student loan to assist them financially over the term of their course.
At the time of taking out a student loan you are properly not thinking about how to save money or make your loan last longer, but there are a few tips to help you try and keep the level of debt you get into down.
A huge way to cut costs is to avoid eating out, a recent study showed just buying a sandwich and a drink can cost around £5.00, totalling a staggering £1,200 a year. The study also revealed students living in close proximately to their university still paid for bus fare, walking or cycling can save you a packet and also keep you fit.
A spokesman for students commented whilst student debt is unavoidable, the level of debt can be dramatically reduced by simple saving techniques and a little effort, many students now work part time to earn a bit more cash and also meet new people.
source:http://www.onlyfinance.com/Loans-News/12753334-Student-loans-money-saving-tips.aspx
At the time of taking out a student loan you are properly not thinking about how to save money or make your loan last longer, but there are a few tips to help you try and keep the level of debt you get into down.
A huge way to cut costs is to avoid eating out, a recent study showed just buying a sandwich and a drink can cost around £5.00, totalling a staggering £1,200 a year. The study also revealed students living in close proximately to their university still paid for bus fare, walking or cycling can save you a packet and also keep you fit.
A spokesman for students commented whilst student debt is unavoidable, the level of debt can be dramatically reduced by simple saving techniques and a little effort, many students now work part time to earn a bit more cash and also meet new people.
source:http://www.onlyfinance.com/Loans-News/12753334-Student-loans-money-saving-tips.aspx
Monday, June 9, 2008
Paying off student loans
Many college graduates are joining the work force and they're bringing thousands of dollars in student loan debt with them. Overwhelming student loan debt can stretch the salary of an entry-level job too far.
Experts say it's best to inventory the debt right away because it doesn't take long for lending companies to start knocking.
“They need to be aware of how much they borrowed and who their lender is, that's the big thing to start with,” Amy Brown, Director of Financial Aid at Pfeiffer University.
Once they graduate, Brown says they're going to be getting a lot of information from a lot of different companies about consolidation.
“They just want to be careful about who they consolidate with and what company they choose,” she said.
Students are urged to consider reconsolidation when it comes time to pay off student loan debt.
Consolidation can help you manage multiple loans but there are some things experts say you should watch for. First, consolidate with a company that already has the loan unless you can find a lower interest rate with a reputable lender, make sure you get a fixed interest rate and make sure you aren't charged any fees to consolidate.
Brown says consolidation is something you should investigate and take seriously
“You consolidate once and you can't consolidate again no matter what happens in the loan industry,” she said. “You only get that consolidation one time.”
Forbearance and deferment can also help during tough times. During a forbearance, you pay only the interest. Deferment has specific requirements but can help alleviate some financial stress.
“Your financial aid office at the school you graduated from is a really good resource to help with those decisions,” said Brown.
In addition to contacting your alma mater's financial aid office, you can find help managing your student loans through the College Foundation of North Carolina.
Source:http://news14.com/content/headlines/596366/paying-off-student-loans/Default.aspx
Experts say it's best to inventory the debt right away because it doesn't take long for lending companies to start knocking.
“They need to be aware of how much they borrowed and who their lender is, that's the big thing to start with,” Amy Brown, Director of Financial Aid at Pfeiffer University.
Once they graduate, Brown says they're going to be getting a lot of information from a lot of different companies about consolidation.
“They just want to be careful about who they consolidate with and what company they choose,” she said.
Students are urged to consider reconsolidation when it comes time to pay off student loan debt.
Consolidation can help you manage multiple loans but there are some things experts say you should watch for. First, consolidate with a company that already has the loan unless you can find a lower interest rate with a reputable lender, make sure you get a fixed interest rate and make sure you aren't charged any fees to consolidate.
Brown says consolidation is something you should investigate and take seriously
“You consolidate once and you can't consolidate again no matter what happens in the loan industry,” she said. “You only get that consolidation one time.”
Forbearance and deferment can also help during tough times. During a forbearance, you pay only the interest. Deferment has specific requirements but can help alleviate some financial stress.
“Your financial aid office at the school you graduated from is a really good resource to help with those decisions,” said Brown.
In addition to contacting your alma mater's financial aid office, you can find help managing your student loans through the College Foundation of North Carolina.
Source:http://news14.com/content/headlines/596366/paying-off-student-loans/Default.aspx
Saturday, May 31, 2008
Student Loan People resumes accepting applications
The Kentucky Higher Education Student Loan Corp. has resumed accepting applications for student loans having disbursements after July 1, the company announced Thursday.
The corporation, which also is known as The Student Loan People, announced last month that it was suspending its application process as a result of instability in the capital markets.
Edward J. Cunningham, executive director and CEO of The Student Loan People and the Kentucky Higher Education Assistance Authority, said in a news release that the decision was made to resume accepting applications after conversations with U.S. Department of Education officials, who have promised to furnish capital to student loan providers.
The Department of Education has not said how much money it will give each state to help fund their student loan programs.
The Student Loan People "will continue to assess" whether financing will be available to provide loan disbursements between now and July 1, the organization said in the release.
Source:http://www.bizjournals.com/louisville/stories/2008/05/26/daily27.html
The corporation, which also is known as The Student Loan People, announced last month that it was suspending its application process as a result of instability in the capital markets.
Edward J. Cunningham, executive director and CEO of The Student Loan People and the Kentucky Higher Education Assistance Authority, said in a news release that the decision was made to resume accepting applications after conversations with U.S. Department of Education officials, who have promised to furnish capital to student loan providers.
The Department of Education has not said how much money it will give each state to help fund their student loan programs.
The Student Loan People "will continue to assess" whether financing will be available to provide loan disbursements between now and July 1, the organization said in the release.
Source:http://www.bizjournals.com/louisville/stories/2008/05/26/daily27.html
Saturday, May 24, 2008
Bad Credit Student Loans
Many students incur student loans to pursue their educations and ultimately, their career goals. The inability to repay any loan or irregular paying habits results in a bad credit score. It is quite difficult for students with a bad credit to obtain a student loan. A number of financial institutions and lenders offer loans to students with a bad credit at reasonable interest rates. They offer a range of convenient loan repayment plans to suit individual needs. Generally, banks and government loans offer very flexible repayment options. However, bad credit loans come with a high interest rate. Typically, a bad credit student loan differs from other conventional loans in terms of application and eligibility standards.
Among the various types of bad credit student loans, Signature loans are different from other conventional loans. Signature loans are offered totally on the receipt of a signed activation letter. This form of loan does not require a co-signer or a collateral. Signature loans are also known as character loans. The amount of the loan offered, is based on the basis of the borrower's ability to repay the loan. The term for signature loans is generally 5 years. Students can also combine signature loans with Federal Stafford loans for extra financial support. Bad credit signature loans can also improve the credit score of a borrower. As long as the borrower continues to repay his signature loan regularly, his credit score will improve. Borrowers can use signature loans to consolidate their existing debts. Borrowers can select the term of their plan according to their current financial status.
It is important to select a reputed lender or financial institution to obtain student loans. Many schools and colleges offer a list of recommended financial institutions and lenders. Stafford and Plus federal loan programs, are the most popular among students and their parents. It is advisable to conduct a thorough research to find a good deal. Borrowers can compare free quotes on the Internet to get the lowest interest rates.
A borrower can also build up his credit history in advance, to get a student loan at lower rates in the future. This may also increase his chances of getting approved for a traditional educational loan.
Source:http://ezinearticles.com/
Among the various types of bad credit student loans, Signature loans are different from other conventional loans. Signature loans are offered totally on the receipt of a signed activation letter. This form of loan does not require a co-signer or a collateral. Signature loans are also known as character loans. The amount of the loan offered, is based on the basis of the borrower's ability to repay the loan. The term for signature loans is generally 5 years. Students can also combine signature loans with Federal Stafford loans for extra financial support. Bad credit signature loans can also improve the credit score of a borrower. As long as the borrower continues to repay his signature loan regularly, his credit score will improve. Borrowers can use signature loans to consolidate their existing debts. Borrowers can select the term of their plan according to their current financial status.
It is important to select a reputed lender or financial institution to obtain student loans. Many schools and colleges offer a list of recommended financial institutions and lenders. Stafford and Plus federal loan programs, are the most popular among students and their parents. It is advisable to conduct a thorough research to find a good deal. Borrowers can compare free quotes on the Internet to get the lowest interest rates.
A borrower can also build up his credit history in advance, to get a student loan at lower rates in the future. This may also increase his chances of getting approved for a traditional educational loan.
Source:http://ezinearticles.com/
Friday, May 16, 2008
Uganda: Mbarara Dons Appeal for Student Loans
Posted to the web 16 May 2008
LECTURERS at Mbarara University of Science and Technology lecturers have petitioned Parliament to lobby the Government to set up loan schemes for science students. This, they said, would reduce the number of university drop-outs.
Dr. Joramu Kabakyenga, the dean of the Faculty of Medicine, said some students do not complete their courses because of lack of fees.
Kabakyenga was addressing members of the parliamentary committee on science and technology, who toured the university on Wednesday.
William Nokrach said the scheme was a good suggestion but its management and recovery mechanisms were a challenge since some students who complete studies fail to get jobs and others get scholarships and leave the country.
However, Oyet Simon (Mwoya) said the Government had money to fund such schemes only that it had lost focus.
"We need to focus on priorities. Imagine the money that was spent on CHOGM and the Afro-Arab meetings. These students would not be crying for funding if that money financed such projects," he said.
Dorah Mwebesa, the director of the Institute of Computer Science, said the space and teaching facilities were not enough for the students.
Source:http://allafrica.com/stories/200805160052.html
LECTURERS at Mbarara University of Science and Technology lecturers have petitioned Parliament to lobby the Government to set up loan schemes for science students. This, they said, would reduce the number of university drop-outs.
Dr. Joramu Kabakyenga, the dean of the Faculty of Medicine, said some students do not complete their courses because of lack of fees.
Kabakyenga was addressing members of the parliamentary committee on science and technology, who toured the university on Wednesday.
William Nokrach said the scheme was a good suggestion but its management and recovery mechanisms were a challenge since some students who complete studies fail to get jobs and others get scholarships and leave the country.
However, Oyet Simon (Mwoya) said the Government had money to fund such schemes only that it had lost focus.
"We need to focus on priorities. Imagine the money that was spent on CHOGM and the Afro-Arab meetings. These students would not be crying for funding if that money financed such projects," he said.
Dorah Mwebesa, the director of the Institute of Computer Science, said the space and teaching facilities were not enough for the students.
Source:http://allafrica.com/stories/200805160052.html
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